Accounting software provider Netgain has launched NetAsset, a fixed asset accounting solution that integrates with all enterprise resource planning (ERP) systems, streamlining processes with artificial intelligence-powered automation and compliance.
NetAsset provides an advanced cloud-based platform that transforms the management of fixed assets, from acquisition to disposal, while ensuring compliance with both financial and tax regulations, Netgain said in a media release. With AI-powered automation, dynamic reporting, and seamless ERP integrations, NetAsset eliminates manual errors, reduces repetitive tasks, and ensures a clear audit trail. This makes collaboration easier for both businesses and accounting firms, Netgain added.
“Accounting for fixed assets is often a tedious and error-prone process, especially when relying on spreadsheets. With this expansion of NetAsset, we aimed to take the success of our native app and address those inefficiencies for all companies, regardless of their ERP or accounting system,” Nathan Smart, president and founder of Netgain, said in a statement. “By providing a solution that automates advanced calculations and generates alternative schedules for tax and book depreciations, Netgain is continuing to deliver on its mission to empower accountants to reclaim time previously spent on manual tasks so they can focus on higher-value initiatives.”
Key features of NetAsset include:
- AI-powered asset import: Utilize AI to efficiently create new assets, reducing manual entry and minimizing errors.
- AI-powered chatbot: Get instant support with Netgain’s Copilot, whether you need help navigating NetAsset or have questions about fixed asset accounting.
- Automated advanced calculations: Easily generate CIP reports, apply custom and alternative tax depreciation schedules, and produce detailed, audit-ready reports.
- Dynamic centralized reporting: Access a comprehensive view of your company’s fixed asset portfolio at any time.
- QuickBooks integration and ERP connectivity: Enhance efficiency with seamless QuickBooks integration or by exporting journal entries to Excel for easy upload into any ERP.
“This tool not only streamlines asset management for companies with large, fixed asset portfolios, but also serves as a trusted solution for accounting and advisory firms to manage all their clients’ fixed assets efficiently in one platform,” said Adam Riches, CEO and founder of Netgain. “With NetAsset, firms can simplify book and tax depreciation for their clients’ portfolios, improve audit efficiency through centralized documentation, and enhance collaboration by consolidating all client data in one accessible system while providing clients with direct access.”
For more information about NetAsset by Netgain, visit netgain.tech/fixed-asset-management-software.
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