Wrexham County Borough Council Controls £1.1 Billion Worth of Assets with Specialist Capital Accounting Software
The Council uses RAM's centralised asset register to record detailed information on such assets as its land and buildings, infrastructure, vehicles and equipment. It provides the means of storing and managing all of its fixed asset data, controlling each asset at component level and providing highly accurate and reliable depreciation calculations. Of particular benefit to Wrexham County Borough Council is the functionality to record and report on in-financial year movement regarding assets such as revaluations, impairments, additions and disposals. The RAM system generates the management information and relevant journal entries to reflect these activities in an easy and timely manner.
RAM's capital accounting software has provided the Council with solid efficiencies throughout its closedown and audit period. Griffiths explained, "Thanks to the levels of automation provided by RAM's system, the auditing process is much more straightforward now, as checks take less time and our auditors have the assurance that the system can be relied upon for maintaining accurate records.
"I couldn't imagine trying to complete our financial year-end without the RAM system. From the flexibility and speed of reporting to the accurate financial calculations, we have achieved invaluable time and resource efficiencies."
Griffiths concluded, "We selected the system from RAM due to its excellent reputation amongst existing users in local authorities across the UK and we have not been disappointed. We have a secure and robust system which is specifically tailored to meet the Council's needs, as well as access to an excellent technical support team who are always helpful, professional and courteous."
For further details please contact:
Karen Waite, Marketing Manager
Real Asset Management, An MRI Software Company
About Real Asset Management
Real Asset Management (RAM), an MRI Software Company, is a leading provider of fixed asset management and logistics software & services. Over the last 30 years, its products have been implemented at thousands of customer sites worldwide.
RAM maintains a global presence with offices located around the world. The product range includes modules for fixed asset accounting, lease accounting, asset tracking, maintenance management, and facilities management, making it a powerful and flexible solution to meet all requirements and financial regulations.
The company has developed a powerful range of software modules around a central data repository that enables organizations of any size to manage every aspect of the asset lifecycle.