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Recommendations for CIP & Fixed Assets software for multi-location/multi-country entities.

All of our Fixed Assets purchases go thorough an approval process, and are booked to CIP first. Upon completion, the CIP is transferred to the appropriate Fixed Assets GL account and set-up in our Fixed Assets tracking software. Originally, we had multiple locations in the US and Mexico. We have recently acquired new entities with plants also located in several other foreign countries. We need a Fixed Assets tracking system that will handle the process beginning with CIP and multiple currencies.


Len Green
Title: Performance Improvement Consultant and E..
Company: Haygarth Consulting LLC
LinkedIn Profile
(Performance Improvement Consultant and ERP Strategist, Haygarth Consulting LLC) |

Can you provide a few pieces of information that may help you get better quality information? e.g.
1. What is your current ERP/Accounting system? Is it the same for all countries?
2. How many assets (approx) do you need to track? Are they simple or complex?
3. How important is it that you track: tax values (in each country); inter-company asset transfers?

Topic Expert
Patrick Dunne
Title: Chief Financial Officer
Company: Milk Source
(Chief Financial Officer, Milk Source) |

If you have a decent ERP system, I would use that system. By decent, I mean Oracle or SAP. If not, try FAS (Fixed Asset Software), which I think is made by Sage. We have multiple countries and maintain FA book and tax assets and it works for us. The software is relatively inexpensive and meets all of our requirements.

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