Fixed Assets Depreciation
Procurement to Retirement Platform
Since 1999... Managing millions of Assets
TRAXX is a comprehensive Fixed Assets Management Solution. We are implementing fixed asset management solutions since 1999. TRAXX is the evolution of many thousand man hours of development with feedbacks from some of the best fixed asset managers serving with our esteemed customers like GE, TESCO & HONEYWELL.
IASB, IFRS, Companies Act or Custom Method
- TRAXX can do
all methods of depreciation.
Depreciation module allows users to configure all parameters pertaining to different methods they follow. Once configured, it simplifies the process of calculating depreciation for all assets, with a single click.
With the help of flexible filtering of parameters, the user can pull out any combination of report on demand. Now you can forget about spending nights doing reconciliation of several spread sheets, during the annual return filing.
IASB (International Accounting Standard Board) is the standards setting body of the IFRS Foundation. TRAXX complies with accounting standards of IASB. We keep track of any new standards introduced and quickly incorporate them in TRAXX.
IFRS is the global standard of financial accounting. TRAXX complies with all their standards of fixed assets depreciation
GAAP is the standard of accounting followed still by many. RCS TRAXX is designed to comply will all the requirements of GAAP.
Our depreciation module can be configured dynamically to suit different policies adopted by Organisations. For example, customers can use IFRS for statutory requirements and use their own policies for cost allocation to cost centres.
Provision to configure Asset Groups
Provision to configure Country and Parent Company specific rates
Company financial year
Parent Company financial year
Dynamic configuration of depreciation rates for IT ACT and Company ACT and life of the asset
Addition and deletion to an asset
Sell off of an asset
Write off an asset
Scrapping of an asset
Profit and loss for assets sold
Freeze/Unfreezing of depreciation processed for a month or year
Provision to select Capitalisation or non capitalisation of asset and accessory
Provision to add Additional costs like duties, insurance charges and additional charges
Our Numbers Speak
Years of Experience
Our Esteemed Customers. Logos are their respective Trademarks.
Are You Ready for comprehensive Procurement to Retirement Automation?
Evolution is the best way to
TRAXX is the one of time-tested Asset
Management Systems with its first installation in 1999. This product is an evolution of over ten thousand man hours with feedbacks from some of the best asset managers serving for companies such as Bank of America, Honeywell, Deloitte, E&Y,GE and ANZ. With over 600 installations today, TRAXX is a highly perfected Asset Management Solution.