Whats new in Norming Asset Management 5'4

1
Whats new in Norming Asset Management 5.4
Developed by Norming Software International Ltd.
2
Highlights

• Developed using the Accpac SDK 5.4
• Integrates I/C on acquisition, disposal and
  maintenance
• Ability to manage asset construction process
• Calculates depreciation for specified assets for
  multiple periods
• Depreciation can be reversed back to the first
  period of current year
• Merge and split transactions take care of asset
  units
• Integrates Accpac Scheduler to automate creation
  of maintenance order
• Creates Purchase Requisition from maintenance
  order
• Create I/C shipments to use I/C stock for assets
  maintenance
• Track the asset assignment and return with
  employee
• Much more

3
Integration with Accpac ERP 5.4
Integrates with Accpac ERP 5.4 SM, GL, AR, AP, IC
and PO.
4
Integration with Accpac ERP 5.4
Provides the same way as Accpac core module to
create GL transaction.
5
Acquisition with A/P
Acquisition code lets you define how to process
acquisition transaction with Accounts Payable.
6
Acquisition with I/C
Acquisition code lets you define how to process
acquisition transaction with Inventory Control.
7
Depreciation Formula
Depreciation formula can use all the fields of
one asset as calculation base.
8
Account Set
Add WIP account to Account Set to handle the
asset construction process.
9
Acquisition Entry

• 100 Batch-Entry-Detail
• Ship IC stock for acquisition
• Asset status can be Normal or WIP

10
Acquisition Entry
Provides a new acquisition type to add value to
existing asset or WIP without creating an asset
ID.
11
Transfer WIP
When asset construction process is completed, WIP
can be turned to a normal asset.
12
Depreciation
Depreciation can be run for a specified range of
assets for multiple periods.
13
Depreciation Reversal
Depreciation can be reversed for specified assets
back to any period of current year.
14
Disposal
Asset disposal can create the I/C receipt entry
to transfer asset to I/C stock.
15
Split/Merge
Asset units can be merged/split when mother asset
is merged/split
16
Maintenance
Maintenance type defines how to process
maintenance activity with A/P, I/C and P/O.
17
Maintenance
Uses the Accpac scheduler to plan the asset
maintenance on a regular basis.
18
Maintenance

• Assigns stock or non-stock item to asset
  maintenance order.
• Raises Purchase Requisition for maintenance
  order.

19
Maintenance
Posting of asset maintenance entry will creates
I/C shipment entry or AP invoice to expense the
asset maintenance.
20
Tracking
Keep track of asset assignment and return
activity with employee.
21
Much more?
www.norming.com
22
Thank You
Please contact Bruce Li at bruce.li_at_norming.com
to suggest any Improvements.