Program Streamlines GASB 34 Compliance for Public Sector Entities

BOSTON – Real Asset Management International (RAMI) has announced the
addition of Government4000, a suite of asset management tools designed specifically
for governmental agencies and organizations. Tailored to the specific workflow
and regulatory needs of these entities, Government4000 includes models for asset
accounting, inventory tracking, lease management forecasting, project oversight,
document retention, maintenance and helpdesk functions. RAMI (www.realassetmgt.com)
is a leading developer of asset management solutions, with more than 3,000 organizations
worldwide relying on its solutions.

“Effective asset management is integral to reliable financial governance
and can also save money and streamline many aspects of an organization’s
workflow and reporting processes,” according to Marcus Scholes, V.P. of
Real Asset Management International. “But for organizations using spreadsheets
to track and manage their assets, the process has become more of an art form
as opposed to a science, requiring ever more time by financial staff. And time
is an especially valuable resource, especially for government entities.”

As an automated asset management system, the comprehensive Government4000 suite
provides organizations with a unified asset register that maintains all information
related to an asset’s value, service condition and other issues , allowing
various types of users to access only the information they need to do their
job. This consolidated register ensures information accuracy, while enabling
advanced forecasting and budgeting capabilities.

With the adoption of GASB 34 requirements in 1999, government entities have
been under increasing pressure to provide greater information on the condition,
location and value of their assets. Government4000 was specifically designed
to help state, local and federal entities meet these and other compliance requirements,
while also providing additional features to strengthen security and provide
greater managerial oversight. The system also provides seamless links to the
general ledger modules in leading accounting applications, including Oracle,
Sage, JD Edwards, Microsoft Dynamics GP, Accpac, Coda and others.

Key among the features in the Government4000 suite are its ability to track
all changes to all assets throughout their entire life cycle, asset location
and condition tracking, a comprehensive audit trail, customizable user interfaces
and data collection fields, and extensive scenario-based forecasting tools.
Additionally, maintenance management functions simplify the tracking of preventive
or unplanned maintenance tasks and work order generation, while inventory functions
enable setting of reorder levels, offer user-defined analysis functions, and
support hand-receipts functionality, a common requirement for government clients.
Government4000 supports any number of users and can include remote access features
for authorized personnel.

“The calls for greater financial responsibility in the public sector
will continue to result in increased compliance and reporting compliance issues,”
Scholes said. “Automating an agency’s asset management systems is
a key aspect of strengthening its fiscal oversight, while also helping the organization
run more efficiently.”

About Real Asset Management International
Real Asset Management International is a leading provider of fixed asset management
solutions with more than 3,000 implementations in more than 70 countries. RAMI’s
solutions enable organizations to determine and implement optimal accounting
strategies, maintain compliance with federal and state taxation and perform
asset budgeting and forecasting. Specialized modules include lessee asset accounting,
capital project control, document management, inventory control, asset tracking,
helpdesk support and maintenance management.

More information at: www.realassetmgt.com