AssetMAXX
A cloud-based fixed asset management software that helps maintain accurate records and GAAP compliance.
Product Overview
AssetMAXX by AssetWorks is a cloud-based fixed asset management system that provides a centralized, real‑time database for tracking every stage of an asset’s lifecycle–from acquisition and depreciation through transfers and eventual disposal. The platform is highly configurable and scalable: you can deploy it as a standalone comprehensive solution or integrate it alongside your ERP. Built‑in support for GAAP, GASB 34/35 and OMB A‑133 compliance, automated workflows (additions, transfers, disposals), and robust reporting tools (standard and ad‑hoc) ensure accurate financial and audit reporting with minimal manual effortPros
- All asset information is stored in one place
- Fast customer support
- User-friendly setup
Cons
- No public pricing
- User interface is slightly outdated
Target Market
Large public sector organizations like school districts, municipalities, and local or state governments.AssetMAXX from AssetWorks is an asset management software for tracking, accounting for, managing inventory of, and reporting on fixed asset records in your organization. The fixed asset management software helps track capital and non-capital asssets by introducing operational efficiencies–letting your team spend less time reconciling asset data and more time using that data to enhance organizational decision making.
- Ensure audit compliance with accurate fixed asset financial statements
- Discourage misuse and theft of assets due to increased accountability
- Support informed decisions throughout the budget and planning process
- Streamline inventory processes with innovative mobile solutions
Video Overview
AssetMAXX Features
The key features of AssetWorks AssetMAXX include:
Asset Tracking
- Chain-of-custody tracking: assign asset custodians and query assets based on chain-of-custody
- Asset transfer processes: automate the transfer of assets with email notifications and approval routing
- Change request management: ensure the integrity of your data by leveraging approval processes
- Mobile inventory solutions: record and reconcile asset information during the inventory process
Asset Accounting
- Flexible allocation rules: assets can be assigned to many departments and funds by percentage of total cost
- Multiple depreciation methods: define depreciation books by asset class, method, and timing
- User-defined asset classes: define asset class defaults like useful life, capitalization threshold, and salvage value as a percent of total cost
- Asset disposal: disposal amounts, full or partial, are reconciled financially
Asset Reporting
- Standard reports: run reports for asset tracking and accounting in both summary and detail format
- Robust reporting tool: create, save, and export your own reports based on the data recorded in the system
- Compliant reports: generate GAAP/ GASB compliant reports with flexible date ranges and data element
- Auditable history: access a complete auditable history for each asset including all changes made over time
Product Overview
Developer Overview
User Reviews of AssetMAXX
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