Asset4000 Review - why 4.6 stars?

Asset4000 Review
ITQlick Score: 81/100
ITQlick Rating:
Pricing: 6.2/10 - high cost
Category: Fixed Asset Accounting -> Asset4000 review
Ranking:Ranked 6 out of 22 Fixed Asset Accounting systems
Company: Real Asset Management (RAM)
Typical customers: Small, medium and large size businesses
Platforms: Desktop, Mobile
Links: Asset4000 pricing, Asset4000 alternatives
Shlomi LaviShlomi Lavi / updated: Jul 25, 2022

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What is Asset4000?

Asset4000 is cloud-based fixed asset management solution designed to help the user in fixed asset accounting, CMMS and asset tracking. Some of its core features include facilities management, lease accounting, asset accounting and maintenance management and more. The fixed asset accounting feature helps the user manage the asset lifecycle and depreciation.

Asset tracking feature allows the user to monitor day-to-day operations of regular asset audits, barcode, QR code and RFID technology. Maintenance management feature offers computerized maintenance management software (CMMS) that helps the user improve reliability and reduce costs.

The user can use in the facilities management functionality to effectively manage properties. Fixed asset management feature enables the user in asset budgeting, inventory tracking, barcoding/RFID and disposal management and more.

Developed by Real Estate Management, Asset4000 offers fixed asset and facilities management solution to over 50,000 end-users around the world and over 3,000 companies in both private and public sectors in more than 70 countries.

Who is it best for?

RAM supports over 50,000 end users around the world, and the Series4000 software has been adopted by over 3,000 organizations in more than 70 countries. Asset4000 is used by mid-sized to larger global entities in both private and public sectors. The software’s multi-language,book, and currency functionality make it a leading choice for international organizations.

Main features and functionalities

Asset4000 is a totally configurable depreciation and tax tool that controls and tracks changes to an asset throughout its lifecycle. Regular software updates are scheduled to accommodate changes in nationwide tax rules. an essential feature that allows companies to streamline their fixed asset accounting process and remain in compliance with tax legislation. The system complies with all corporate governance regulations: Sarbanes-Oxley (SOX), IFRS, US/ UK GAAP, GASB 34, and Bill 198. Asset4000 incorporates a range of international accounting features including support of multiple language,s books, and currencies. It allows calculating depreciation for federal and multistate tax books while incorporating individual regulations for each of the 50 US states. The software also allows an unlimited amount of books. Asset4000 offers a full range of standard and customized reports and links with leading ERP systems.

What is the actual cost?

ITQlick pricing score is 6.2 out of 10 (10 is most expensive). Access ITQlick pricing guide for Asset4000. You can also find here pricing information from Asset4000's website.

Pros

  • Asset4000 incorporates a range of international accounting features including multi-language, multi-book, and multi-currency functionality, and complies with GAPP and IFRS accounting standards
  • Asset 4000 calculates depreciation for federal and multistate tax books, and incorporates individual regulations for each of the 50 US states.
  • Asset 4000 has an ability to maintain an unlimited number of books and offers a full range of standard and customized reports
  • Depreciation can be calculated for one book, multiple books or all financial books. Users can close periods for internal books, separate from federal and state books, allowing organizations to maintain the integrity of asset data for internal auditing purposes and still perform corporate tax calculations at the end of each tax year
  • Depreciation methods are completely user definable by asset, asset group, and period of account. Costs are retained for past historical periods and produced for current and future periods as required
  • Links with leading ERP systems; data links are provided for seamless integration with general ledgers and reporting tools. The register also utilizes asset tracking facilities with leading barcode scanning technology

Cons

  • Asset4000 targets medium to large organizations
  • Integration with additional software other than Microsoft Excel could have been a plus

How it stacks up?

Access a head to head analysis of Asset4000 vs alternative software solutions.
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Asset4000
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4.6/5
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81/100
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6.2/10
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18

Frequently Asked Questions (FAQs)

Is it the best Fixed Asset Accounting system?

Asset4000 is ranked 6 out of 22 software in their category (Fixed Asset Accounting systems).

How they are rated on ITQlick?

The rating of Asset4000 is 4.6 stars out of 5 and the total score is 81 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Is it an easy to use Software?

Yes, Asset4000 makes it fairly easy to use. This product is user friendly and intuitive.

Is it cloud-based?

No, the software in not cloud based so you would need to install it locally and connect it directly to a server.

Can it be used on mobile?

Yes, you can access Asset4000 on your mobile/smart phone.

What should we ask during a demo session?

Differences between Asset4000 and alternatives?

The most popular alternatives to Asset4000 in 2023: ASSET PANDA, Maintenance Connection, Sage Fixed Assets, EAMbrace, CMI Fixed Assets. Access the complete competitors analysis here - Asset4000 VS Fixed Asset Accounting Software alternatives.

Is Asset4000 right for you or your business?

Asset4000 is ideal for businesses of all sizes including the small, midsize and large enterprises. It caters to multiple organizations across all industries both private and public such as commercial, education, Government, healthcare, and Not for profit and more. It caters to end-users in more than 70 countries.

List of categories

Accounting & Finance
Fixed Asset Accounting
Project Accounting
Work Order Accounting
Facilities Management

List of features

Budgeting & Forecasting
Fixed-Assets
Project-Accounting
Tax compliance
Cost Analysis
Upload Documents
Web Portal
Asset Management
Barcode Scanning
Category Customization
Custom User Interface
Customizable Reports
Lease Administration
Maintenance Management
Mobile Access

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.