What is the property tax angle on capital asset management reengineering?
Fixed assets software is starting to more accurately reflect the diverse asset and asset management needs of todays business, says Stewart McKie in the August issue of Controller Magazine. His article, Feeding Asset Management Appetites, goes on to explain the additional functionality that the software vendors are adding to their core products through a best-of-breed strategy. (One of those mentioned is property-tax-compliance software from Vertex.) The more accurately these software products reflect the needs of businesses, the more readily they will be adopted. As a result, they will present Fixed Asset Managers with the opportunity for great productivity gains. At the same time, a number of companies that have adopted the larger-scale, enterprise-wide software applicationsSAP, PeopleSoft, Oracle, etc.have implemented order entry and A/R and A/P modules first and are now turning their attention to the fixed-asset-management components. In many cases, those same best-of-breed options
