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NetSuite Fixed Asset Management

Simplify Asset Tracking and Maximize ROI

NetSuite’s Fixed Asset Management (FAM) module empowers businesses to efficiently manage asset lifecycles, from acquisition to depreciation and disposal. With enhanced reporting, automated workflows, and precise tracking, FAM ensures accurate financial insights and seamless compliance with accounting standards.

Tvarana takes this a step further with tailored solutions designed to optimize asset management and deliver better control and visibility over your assets.

Custom FAM solutions for Indian Businesses 

  • NetSuite's standard Fixed Asset Management (FAM) module has limitations in areas like reporting, asset categorization, and depreciation automation. These gaps can lead to fragmented data, delayed reconciliations, and inefficient workflows. Tvarana’s customized FAM solutions tackle these challenges head-on, bringing automation, advanced reporting, and streamlined workflows to ensure accurate financial insights and seamless asset management.

Key Components

Custom Fixed Assets Register (FAR) Report

Provides opening and closing balances for gross value, accumulated depreciation, and net book value in a single report.

Custom Asset ID Generation

Creates meaningful, user-defined asset IDs for better identification and tracking.

Remaining Depreciation Posting Automation

Automatically accounts for remaining depreciation upon asset sale or disposal.

Maker-Checker Workflow

Implements an approval process for asset creation and validation.

What are the Benefits?

01

Efficiency gains

Reduce manual efforts in asset tracking and reporting.

02

Accuracy

Eliminate inconsistencies in financial data

03

Compliance

Ensure adherence to accounting and regulatory standards.

04

Audit Readiness

Simplify audit preparation with detailed, accurate reports.

05

Operational Transparency

Gain better visibility into asset performance and lifecycle.

Why choose Tvarana's
FAM Solution for NetSuite?

Smarter Asset Management

Tvarana supercharges NetSuite’s Fixed Asset Management (FAM) module with tailored solutions that boost reporting accuracy, automate key workflows, and ensure accounting compliance. Gain complete control and visibility over your assets with ease.

Close the Gaps in NetSuite’s Standard FAM Module

Our custom FAM solutions address limitations in NetSuite's native module, delivering scalable and reliable asset management. Enjoy automated workflows, advanced reporting, and robust controls for maximum efficiency.

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
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Ready to Transform NetSuite Fixed Asset Management?