KWE Ireland Improves Fixed Asset Management with FMIS Software

Summary

Case Study

Industry

Logistics

Location

Republic of Ireland

Client since

2013

Challenges

Asset Accounting

Asset Tracking

Purchase Controls

KWE Ireland, a leading logistics and transportation company based in Dublin, Ireland, was looking for a replacement for their existing Fixed Asset Register system. After an extensive search, they identified FMIS Fixed Asset Management software as the best solution to efficiently manage and organize their fixed asset data.

Key Requirements and Challenges

KWE Ireland required a solution that could record and calculate depreciation, generate reports and provide greater control for capital purchases. With hundreds of existing assets and new additions every year, they needed a software solution that could handle their growing asset management requirements.

The Solution

FMIS Fixed Asset Management software provided all the necessary functionality to meet KWE’s needs. The software allowed them to efficiently track and value their assets across the full asset lifecycle, ensuring compliance with accounting standards and regulations.

FMIS software has been the solution that has allowed us to efficiently manage and organise fixed asset data as well as accurately calculate depreciation and valuations for statutory reporting,” says Michael Roche, Financial Controller at KWE Ireland.

Key Benefits

Since implementing the FMIS software, KWE Ireland has experienced significant benefits in terms of time and cost savings. The software has more than halved the time it takes to produce their journals and reporting for period end, providing a more efficient and accurate process overall.

“The software allows us to quickly generate all the reports we require and automates all our calculations accurately,” adds Michael.

FMIS’s support team has also been instrumental in helping KWE Ireland with its asset management needs. Nicola Molloy at KWE explained that “although we have not had any issues with the software itself, whenever we have had a question, the support has been fantastic.”

Trust Built Over a Decade

Over the last decade, with the help of FMIS Fixed Asset Management software, KWE Ireland has been able to improve their fixed asset management process significantly. The software’s comprehensive functionality, accurate reporting, and efficient processing have all contributed to the success of the project. If you’re looking for a solution to help you manage your organization’s fixed assets efficiently, FMIS Fixed Asset Management software could be the answer.

Find out more

For more information about using FMIS Asset Tracking software for the aviation sector or to arrange a demo of the system, please get in touch. Request a demo or call us on +44 (0) 1227 773003.

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