Infor Lawson Asset Management is an all-encompassing solution designed to manage the organization’s fixed assets. The program is intended to streamline the asset management operations of businesses, from acquisition and depreciation to disposal. The user guide provides a detailed guide for users to comprehend the software’s features and functionalities and maximize its utility.
Infor Lawson Asset Management features:
Asset Acquisition: Infor Lawson Asset Management provides comprehensive support for asset acquisition, including the recording of asset information, purchase information, and other pertinent data. The software permits seamless interface with procurement systems, allowing for the automatic generation of new assets upon receipt of items.
Asset Tracking: With Infor Lawson Asset Management, organizations can monitor and track assets throughout their entire lifecycle. The software allows users to track assets based on location, department, and other user-defined categories.
Depreciation Management: The software provides versatile depreciation computation methods, such as straight-line, falling balance, and sum-of-years-digits. Moreover, users can simply develop depreciation schedules, which facilitates financial reporting and compliance.
Disposal Management: Infor Lawson Asset Management provides comprehensive disposal management, inclusive of asset write-offs, retirements, and sales. The software enables users to monitor disposal transactions, calculate gain or loss, and produce compliance-related data.
Reporting: The software provides extensive reporting features, including a variety of basic reports and the option to build custom reports. Users have access to real-time data, which aids in making strategic decisions.
Integration: Infor Lawson Asset Management seamlessly connects with other Infor solutions, including Infor Lawson Financials and Infor Lawson Supply Chain Management. The integration enables a seamless flow of information between various systems, hence enhancing overall efficiency.
Security: Infor Lawson Asset Management contains comprehensive security features, such as role-based access control, audit trails, and data encryption. The program is designed to suit the security requirements of many businesses, including regulated industries.
Instructions for Using Infor Lawson Asset Management:
Getting Started: To begin utilizing Infor Lawson Asset Management, users must log into the system with their credentials. The software’s interface is intuitive, making it simple for users to browse its various features and functionalities.
Acquisition of Assets: To record a new asset, users must enter pertinent information such as the asset’s name, location, cost, and depreciation method. The software provides an asset ID that is unique and can be used to trace the asset throughout its existence.
Asset Tracking: Users can utilize the search function to locate assets based on their ID, location, or department to track assets. In addition, users can generate asset reports based on various criteria, such as asset kind or age, using the reporting function.
Depreciation Management: Users must enter the depreciation method, usable life, and salvage value to calculate depreciation. The software provides an autonomous depreciation schedule that may be utilized for financial reporting and compliance.
Disposal Management: To dispose of an asset, users must provide pertinent information, including the date, manner, and revenues of the sale. The software calculates gain or loss automatically and updates asset records accordingly.
Reporting: Infor Lawson Asset Management offers a variety of common reports, such as asset lists, depreciation schedules, and disposal reports. In addition, users can generate bespoke reports using the reporting function, allowing for customizable reporting based on a variety of parameters.
Conclusion:
Infor Lawson Asset Management is an all-encompassing solution designed to manage the organization’s fixed assets. The program provides a variety of functions and capabilities, such as asset acquisition, tracking, depreciation management, disposal management, reporting, integration, and security. The user guide includes step-by-step instructions for using the software, making it simple for users to begin asset management. By using Infor Lawson Asset Management, businesses may streamline their asset management procedures, decrease errors, and increase overall productivity. The software provides access to real-time data, which facilitates strategic decision-making and compliance reporting. With its user-friendly interface and extensive security features, Infor Lawson Asset Management is a potent tool for organizations seeking to optimize their asset management procedures.
In conclusion, Infor Lawson Asset Management is an indispensable tool for firms seeking to properly manage their fixed assets. By utilizing its features and functionalities, organizations may gain greater control over their asset management processes, enhance visibility and accountability, and make more informed decisions. Whether you are a small business or a huge corporation, Infor Lawson Asset Management provides a solution that is scalable and adaptable to your changing demands. By adhering to the user guide, users can rapidly become operational and begin reaping the benefits of good asset management.