With the introduction of ProcessPro Global as the next generation of batch process manufacturing software, ProcessPro offers the most comprehensive ERP system in the market. The ERP solution offers many applications that address the critical business needs of process manufacturers to enable companies to handle their specific needs and meet the changing requirements of today’s business climate. Over the next few months, we will present our “Get to Know Global” blog series highlighting applications available in the Global solution that provide your company with the features you need to succeed. Our spotlight this week shines on Fixed Assets – join us to explore how this application can help your company.
What is Global?
ProcessPro Global is built on leading-edge Microsoft technologies, designed for flexibility, ease-of-use and scalability to meet the unique requirements of batch process manufacturers. Powered by the Global Adaptable ERP platform, this solution offers a comprehensive set of applications, while at the same time offering seamless incorporation of future updates. Global is designed for multi-language, multi-currency, multi-company and multi-industry by leveraging broad functional capabilities.
What are Fixed Assets?
Fixed assets are tangible, long-term assets that your company owns such as property, buildings and equipment that are not consumed or sold during the normal course of business. These are economic resources that cannot be readily converted into cash and are crucial for your business to function. Thorough documentation of a company’s fixed assets is necessary to understand both the financial health and value of your business.
How Does ProcessPro Global Handle Fixed Assets?
ProcessPro Global allows your company to forecast tax and cash-flow implications of assets before you acquire them, and track valuation and depreciation once you make a capital commitment. The following are ways the fully-integrated Global system can assist your business:
- Analysis of leasing vs buying to arrive at the most efficient depreciation strategy
- Easy review of asset identification, acquisition, valuation, depreciation and disposal information
- Modify the solution to meet your tax assessment and reporting needs
- Track actual and scheduled service maintenance dates with description of work performed for assets
- Access to up-to-date tax law changes using IRS-supplied depreciation tables, as well as MACRS, ACRS, straight line and other recovery methods
As the pace of business change accelerates, manufacturers need a powerful, industry-specific ERP solution to streamline their business processes, provide timely information for critical business decisions and keep up with industry best practices. ProcessPro Global, with its inherent Fixed Assets functionality, provides the critical platform for your business to prosper in this challenging business environment. With ProccessPro’s over 30 years of serving the food, beverage, pharmaceutical, nutraceutical, cannabis and specialty chemical industries, we know your needs and speak your language. Contact ProcessPro today for a software demonstration and begin your relationship with a true industry partner.