Standardising Asset Capitalisation for Audit Confidence

Learn how The Infor Public Sector Asset Lifecycle Management Industry Process Catalogue helps reduce audit risk in the asset capitalization process by providing a structured, transparent, and compliant framework for managing assets throughout their lifecycle.

We have standardized the asset capitalization process by automating key tasks such as asset valuation, cost tracking, and capitalization workflows. This minimizes manual errors and ensures consistency in how costs are recorded and capitalized, aligning with relevant accounting standards.

The system maintains detailed records of asset transactions, the unit rates used to determine the assets value, and capitalization approvals, which are critical for audit readiness - all associated back to the individual assets.

Come along to free our webinar to see what the solution looks like and hear Ash James, one of our most experienced and Senior Consultants provide some great insights into his experiences in implementing and utilising both the business processes and the standardised configurations that form the Industry Process Catalogue for Asset Lifecycle Management - Capitalization.

Speakers