Depreciation module allows the user to configure all the parameters pertaining to different acts. Once configured, it simplifies the process of calculating depreciation for all assets, with a single click of a button. With the help of flexible filtering of parameters, the user can pull out any combination of report on demand. Now you can forget about spending nights doing reconciliation of several spread sheets, during the annual return filing.
Traxx is one of the most mature FAMS (Fixed Asset Management System) with our first installation in nineties. This product is the evolution of over ten thousand man hours with feedbacks from some of the best asset managers from Global MNCs.
The TRAXX Fixed Asset Depreciation Software is a comprehensive system which facilitates in the calculation of Fixed Asset Depreciation, which is a much needed factor during the year end closing and balance sheet preparation.
The task calculations on Depreciating Fixed Assets are no longer something that comes from burning the midnight oil and sleepless nights to ensure accurate annual return filing. This depreciation software is the most comprehensive for calculation of Depreciation of Fixed Assets. Having a Depreciation Software is a mandate for any company that wants to effectively utilise its manpower and warrant that the process of Fixed Assets & Depreciation is completed in the most economical manner.
Accurate calculation of depreciation results in true representation of fixed assets in the balance sheet.
TRAXX is one ofthe oldest comprehensive Fixed Asset Management Solutions with a valuable feature of Fixed Assets & Depreciation. The Fixed Asset Depreciation Software has witnessed much change and improvements over the years, which has culminated in delivering this useful product.
The Fixed Asset Depreciation software includes numerous useful features and takes into account the requirements of the various regulatory bodies and accounting standards. Managing Fixed Assets & Depreciation can be a herculean task if not streamlined with an effective system in place for Depreciation of Fixed Assets. TRAXX provides the required solution.
The Procurement Automation System also integrates with ERP applications and HR Systems following a 3 tier architecture which allows seamless and secures data access. The TRAXX Procurement Automation Software is an integral solution that can be leveraged to streamline the procurement process and dealing with multiple vendors.
Our cloud solution can be implemented in a variety of leading cloud platforms like Azure, AWS and Cloud4C.
Our secure cloud model allows our customers to choose their cloud partner of choice.
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IASB (International Accounting Standard Board) is the standards setting body of the IFRS Foundation. TRAXX complies with accounting standards of IASB. We keep track of any new standards introduced and quickly incorporate them in TRAXX.
IFRS is the global standard of financial accounting. TRAXX complies with all their standards of fixed assets depreciation
GAAP is the standard of accounting followed still by many. RCS TRAXX is designed to comply will all the requirements of GAAP.
Our depreciation module can be configured dynamically to suit different policies adopted by Organisations. For example, customers can use IFRS for statutory requirements and use their own policies for cost allocation to cost centres.