Finance
Asset Management and Lifecycle Tracking
Integrating FieldConnect Finance with FieldConnect Field Service delivers powerful Asset Management, Lifecycle Tracking, and Depreciation Management capabilities. This comprehensive view allows your business to monitor asset performance, ensure timely maintenance, and account accurately for asset value over time—resulting in smarter decisions, cost control, and operational efficiency.
Why Asset Management & Lifecycle Tracking Delivers Value:
- Unified Asset Records: Track all asset details in one place—make, model, serial number, ownership, service history, warranty terms, and financial data—accessible across departments.
- Full Lifecycle Visibility: Manage each asset from installation to decommissioning with visibility into usage, maintenance history, service events, and status.
- Proactive Maintenance Planning: Automate preventative maintenance schedules based on time, usage, or condition to reduce failures, extend asset life, and lower repair costs.
- Depreciation Tracking & Financial Accuracy: Automatically calculate and post asset depreciation in Business Central, aligning asset accounting with operational realities and ensuring up-to-date financial reporting.
- Real-Time Service Updates: Field technicians can log service activity and part replacements on-site, keeping asset data current and helping identify trends or recurring issues.
- Warranty & Contract Alignment: Ensure services are performed within warranty periods or service-level agreements to control costs and boost revenue recognition.
- Insight-Driven Asset Strategy: Analyse asset performance, cost of ownership, and depreciation trends to inform purchasing, replacement, and retirement decisions.
- Regulatory Compliance & Audit Readiness: Maintain a complete history of asset usage, servicing, and financial treatment to meet audit and compliance requirements with confidence.
By combining Asset Management, Lifecycle Tracking, and Depreciation Accounting, your organisation gains the visibility and control needed to protect asset investments, improve service delivery, and strengthen financial management—all through a fully integrated system.
