Data sheet

Asset revaluation data is quite often provided in a spreadsheet showing the new asset values and also a changed remaining useful life. To process this raw data in Oracle Assets requires the following three-stage process:

• Calculating the percentage revaluation for each asset.
• Entering the asset number and percentage into the Mass Revaluation form.
• Manually querying each asset and changing its estimated useful life.

For organisations with more than a few assets this is a very laborious and costly process. The ASG Asset Revaluation Loader solution is designed to streamline and automate the loading of this information into the standard Oracle Mass Revaluation form, and to effect any other related transactions prior to running the Mass Revaluation process.

Key Features

Key features of the ASG Asset Revaluation Loader are:

• Ability to load revaluation data based on percentage or amount;
• Provision for updating straight line useful lives where required and also to optionally update the asset description during the revaluation process;
• Ability to revalue using the ‘deprival value’ methodology; and
• Experienced ASSIST consultants will review your Oracle Assets revaluation configuration to verify its adequacy.

Business Benefits

• Saves time and reduces manual intervention – Simplified data entry and streamlined revaluation process allows you to concentrate on the quality of the data, not the manner in which it is loaded; and
• Improves accuracy – Confidence in the Assets setup and resulting accounting transactions.