Taking control of corporate assets across the enterprise

Wax Digital web3 Asset Management delivers enterprise-wide visibility and control of the fixed asset register through an intuitive web interface.

Modular Architecture         Please click here for a graphical overview of how our web3 Enterprise modules for P2P and eSourcing work together

Wax Digital Asset Management

Wax Digital web3 Asset Management helps mid-sized organisations take control of corporate assets.

Comprehensive asset tagging, location recording and depreciation functions allow for all qualifying inbound goods to be quickly, easily and compliantly added to a dynamic asset inventory.

Variable depreciation rules can easily be tied to a range of product categories or classes, as well as to different elements within the business model – allowing one part of the organisation to depreciate the same product class using different terms than another, for example.

A combination of automated notifications and sophisticated reporting tools make inventory analysis and event-based activities such as warranty renewals easy to manage. And full visibility across the enterprise helps greatly in compliance with audit commitments such as Sarbanes Oxley.

Seamless integration with Wax Digital’s web3 Purchase-to-Pay and/or Contract Management modules makes asset management an integral part of the procurement lifecycle, delivering process control and compliance from initial goods selection and purchase, through receipting and tagging, to deployment, depreciation and ultimately retirement.

In common with all Wax Digital web3 modules, Asset Management is highly configurable and can be moulded to directly address unique business requirements.

Standard Module Features

• Multi company/currency/book depreciation
• Multiple depreciation models
• Configurable depreciation rules
• Transfer/ disposal/part-disposal functions
• Service and task management capabilities
• Barcode and scanning support
• Contract includes leases and warranties

Implementation alongside other Wax Digital web3 modules allows for the full asset lifecycle to be controlled from a single integrated suite:

• Requisition and PO creation, approvals and coding
• Goods receipting and tagging at point of receipt
• Physical deployment
• Invoice matching and commitments