Category: Accounting

AIMS Factech

Asset Inventory Management: Outlining the Benefits

Asset Inventory Management (AIM) is a systematic way businesses keep track of all their assets (hardware/software). It involves managing the asset’s performance, physical location, procurement and eventual disposal. Your organization must have a myriad of tangible and intangible assets too. Equipment, furniture, digital resources like software licences…you know the list. It must be baffling to

Read more

Good Facility Management Software

Are you greeted with chaos and scattered tools at your facility? Facility management is inarguably, a daunting task as it requires coordination of people, processes, and resources. Take it easy as with the advent of facility management software, you can now streamline the maintenance processes with a cup of coffee in your hand. No kidding!

Read more

Keeping track of your allocated budget vs expenses through single dashboard

Keeping track of your allocated budget vs expenses Keeping track of all the finances for operating a site with or within the allocated budget can be stressful at times. Especially during the lockdown times when physical presence for verification is tough, there must be an easy way that keeps all of your budget heads up

Read more

billing

What is Item Wise Adjustment?

Almost every invoice includes more than one charge. Item (Charge)  Wise Adjustment is a mechanism where charges are knocked off in defined order,  whenever a payment is made against the invoice. Instead of having multiple bills, a single bill with multiple charges has many benefits including: #1. Customer Convenience: Single bill makes my life easy. I

Read more

dli or late payment charge options and best practices

What is Best Practice for Late Payment Charges in Billing?

“A corporate park increased it’s collections by more than 30 lakhs in 1 year by levying late payment charges using billing software.” “A group of residents raised concern in the RWA board that delayed payment charge is wrongly calculated.” “The management is losing more than 1 lakh monthly since delayed payment is charged only on

Read more

Hello ! If You Are Ready To Take Your Facility Management To Next Level...