Asset4000 Review - why 4.6 stars?

Asset4000 Review
ITQlick Score: 81/100
ITQlick Rating: (4.6/5)
Pricing: 6.2/10 - high cost
Category: Fixed Asset Accounting -> Asset4000
Ranking:Ranked 5 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: Sep 04, 2020

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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.

What is Asset4000 rating? ()

The rating of Asset4000 is 4.6 stars out of 5 and the total score is 81 out of 100. The ratings are based on our unbiased experts. Learn more in our rating methodology page

Who are Asset4000's typical customers?

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.

Is Asset4000 the best Fixed Asset Accounting?

Asset4000 is ranked 5 out of 22 software in their category (Fixed Asset Accounting systems).

What are their 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 are Asset4000's pros? (6 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

What are Asset4000's cons? (2 cons)

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

Who are their main alternatives?

The two main competitors of Asset4000 include ProSeries/Fixed Assets Manager and 360Facility. ProSeries/Fixed Assets Manager is fixed asset management solution just like Asset4000. Asset4000 is a product of Real Estate Management which was founded in 1981 and based in the United States and on the other hand ProSeries is a product of Intuit.

ProSeries offers support online whereas Asset4000 offers support online and during the business hours. Asset4000 training is via documentation, webinars, live online and in-person while ProSeries training is via documentation. Pro-series is installed in Windows, but Asset4000 is cloud-based, installed in Windows and Mac.

Both 360Facility and Asset4000 are cloud-based fixed asset management solution. Asset4000 is a product of Real Estate Management which was founded in 1981 and based in the United States and comparison Accruent is the vendor 360Facility. 360Facility offers online and during the business hours, but Asset4000 offers support online and during the business hours.

What is the cost of Asset4000?

What is the REAL total cost of implementation? on top of the total cost of licenses which is easy to calculate you need to add the cost of training, customization, data migration, and other "hidden cost". ITQlick pricing score is 6.2 out of 10 (10 is most expensive). Find here the REAL total cost breakdown for Asset4000

What should you ask Real Asset Management (RAM) during a demo session? (65 questions)

Schedule a demo with Asset4000 and access 65 must ask questions for the vendor while watching Asset4000 in action. Visit the vendor's website here.

Is it the right software for you?

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.

Asset4000's list of categories:

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

Asset4000's 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

Asset4000 Vs. Alternatives

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Author

Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.