Impairment, revaluation

Impairment, revaluation in Asset & Facility Management helps teams run a connected Depreciation workflow with approvals, audit trails and reporting.

How This Feature Works

1. Asset acquisition, From PO/GRN, tag asset with barcode/QR, assign location, custodian, cost centre, depreciation method.
2. Preventive maintenance schedule, Define PM plan (km, hours, calendar) per asset class. System auto-generates work orders.
3. Work orders, Technician picks up WO on mobile, executes, logs parts/labour, attaches photos, closes.
4. AMC & warranty tracking, Renewal alerts at 90/60/30 days; vendor SLA, response time tracking.

Business Outcomes

• Cut maintenance cost 15–25% by shifting from breakdown to preventive
• Eliminate AMC renewal misses, auto-alerts 90 days out
• Pass audits in days, not weeks
• Extend asset life with rigorous PM compliance

Related Features

Multiple methods: SL, WDV, Units of Production • Multiple books (financial vs tax) • Auto-posting to GL

Industries That Use This Feature

Education • Healthcare • Manufacturing • Logistics