Let's Gel Testimonial

NetSuite Fixed Asset Management

Transform Your Fixed Asset Management in NetSuite

Is your team spending countless hours on asset tracking? Are compliance risks keeping you up at night? Are you struggling with NetSuite's standard FAM limitations? You're not alone!

A global survey indicates that 66% of asset managers require six to nine personnel to process data to meet business stakeholders' needs, and 41% report that eliminating errors is a top data management challenge.

 The Real Cost of Inefficient Asset Management

  • Time Drain: Employees spend up to 30 minutes daily retrieving asset data.
  • Big Losses: Poor tracking costs enterprises $70,000+ annually in lost assets.
  • Compliance Risks: A single non-compliance can cost $5.87 million in lost revenue.
  • Inefficiencies: Bad management impacts productivity, security, and compliance.
  • Costly Errors: Bad data leads to revenue losses of up to 15%.

Introducing Tvarana's Enhanced FAM Solution

Automated Intelligence

  • Custom Fixed Assets Register (FAR) with insights
  • Automated depreciation on disposal
  • Smart CWIP conversion with journals
  • Intelligent asset categorization and grouping

Enhanced Control

  • Custom asset ID generation for perfect tracking
  • Maker-Checker workflow for foolproof accuracy
  • Automated journal entry approval system
  • Advanced audit trail capabilities

Strategic Insights

  • Custom reporting dashboard
  • Asset performance analytics
  • Compliance monitoring
  • Lifecycle tracking

Proactive Compliance

  • Dynamic depreciation adjustments for compliance
  • Real-time audit-ready report generation
  • Localized configurations for Indian regulations
  • Automated tax filing integrations

Why Tvarana's FAM Solution?

01

Built for India

Compliant with local accounting standards and tax regulations

02

NetSuite Native

Seamless integration with existing processes

03

ROI Guarantee

Typical payback period of 3-6 months

04

Future-Ready

Regular updates and enhancements

05

Expert Support

Dedicated India-based support team

Implementation That Works

Discovery (Week 1)

  • Deep-dive into your current processes
  • Custom requirement analysis
  • Solution blueprint development

Deployment (Weeks 2-3)

  • Deep-dive into your current processes
  • Custom requirement analysis
  • Solution blueprint development

Success & Ongoing Support(Week 4+)

  • Dedicated support team
  • Continuous optimization 
  • Solution blueprint development

Immediate Impact

90% reduction in manual data entry

100% compliance with Indian accounting standards

Faster month-end closing

Zero reconciliation backlog

Success Stories

See the impact of our SuiteApps on real business results.

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Education
USA
Learn how the Inventory Count SuiteApp for NetSuite helped simplify University of Toronto's counting activities across multiple stores and inventory locations.
30%
Increase in
ROI
40%
Increase in
User Engagement
30%
Increase in
ROI
40%
Increase in
User Engagement
Lorem ipsum dolor sit a consectetur adipiscing elit, sed do eiusmod tempor
Education
USA
Learn how the Inventory Count SuiteApp for NetSuite helped simplify University of Toronto's counting activities across multiple stores and inventory locations.
30%
Increase in
ROI
40%
Increase in
User Engagement
30%
Increase in
ROI
40%
Increase in
User Engagement
Retail
System Integration

Seamlessly Integrating NetSuite and Shopify: Lilla P’s Success Story

$15,000+
Savings Annually
-10 Days
Savings Annually
Customer Experience
Savings Annually
Know More
Entertainment & eCommerce
System Integration

Implementing EDI for Seamless eCommerce Operations for Crunchyroll

Achieved EDI Compliance
Across US and EU
Transaction Accuracy
Across US and EU
Faster Orders
Across US and EU
Know More

Ready to transform NetSuite Fixed Asset Management?