Monday, May 2, 2011

Asset Forecasting, Depreciation and Task Audit!

Three new major features are hitting your friendly neighborhood Maintenance Care interface this week...and when we say major, we mean MAJOR!

Like a magic crystal ball, Asset Forecasting is in your future!

ASSET FORECASTING
The newest and coolest feature now available on your favorite facility maintenance software is the ability to add a life expectancy to an asset.  It's really quite simple.  From the purchase date, enter the amount of years you anticipate the asset should last, enter the maximum amount of dollars you would wish to spend fixing the asset, and finally choose a threshold percentage that will be your trigger for determining when an asset has hit it's estimate lifespan. 

Now, every time you have an expense related to the asset, simply link the item using the Asset tab on the task screen (find out how to do this here), add a dollar value and Voila!  A history of your asset will now be tabulated and compared to your life expectancy predictions.  Anytime an asset hits your threshold, you will know to either put in for a new item in next year's budget, or plan increased preventive maintenance.  Either way, you have your magic crystal ball peering into the life expectancy of your facility's assets!


ASSET DEPRECIATION
Another important aspect of asset management is the ability to determine its depreciation value throughout the years.   Our newest feature allows you to calculate it based on the Straight Line Depreciation Method which provides the opportunity to include a Salvage Value and the amount of years to which the asset should be depreciated.  Then, you can export your tables directly into your accounting package to have ready at tax time.  


TASK AUDIT LOG
Yep, now you can run an audit on any task and see, in detail, how it got to where it is.  From the Task List, right click on any task and choose Audit Log.  A pop-up window will appear with every instance or change that ever occurred in regards to your task.  From Pending, to Closed, to Re-Opened and back to Closed, each step of the way, the Audit Log will capture what change was made, and who made it.  Use the Task Audit Log for training or security purposes, but either way, now you can easily find out how you got where you are.


Enjoy, and don't forget to report any issues or bugs to on our Forum.