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SAP Fixed Asset Accounting

Fixed Asset experts, Paragon Systems, now authorized for Winshuttle Query & Transaction utilities to simplify enterprise asset management and reporting for larger customers using SAP.

Chicago, IL (PRWEB) December 29, 2011

FAC (http://www.FixedAssetConsulting.com) has announced their certification for both Winshuttle Query and Winshuttle Transaction software utilities for SAP reporting. Using the Winshuttle utilities, FAC is able to help larger U.S.-based companies overcome significant shortcomings and inefficiency associated with the native fixed asset management functionality in SAP.

Angie Bolton Lyons, Senior Fixed Asset Consultant and Sage FAS Fixed Asset expert at FAC, says her company’s interest in Winshuttle began by listening to customer needs. “Many of our larger clients using SAP Fixed Assets were running into significant challenges. When it comes to fixed asset management, accounting in SAP isn’t well-localized for U.S. companies.” Bolton-Lyons says that those clients were forced to use spreadsheets and perform manual calculations outside of SAP in order to manage important processes like quarterly tax updates, reporting, and complex deprecation calculations.

The right tools, she says, make all the difference. “The data doesn’t extract cleanly out of SAP fixed assets if you’re using Excel or some other manual method. But with the Winshuttle utilities, we’re able to get the live data out easily and accurately using a simple three-step process. It’s so much cleaner, faster, and most importantly saves our clients a tremendous amount of time and hassle.”

FAC consultants use both Winshuttle Query and Transaction utilities to pull accounting data from SAP and transfer it seamlessly into Sage FAS Fixed Assets. Bolton-Lyons says, “Sage FAS Fixed Assets is far more flexible and capable when it comes to enterprise asset management. Once the data is in Sage FAS, our clients can run calculations and get the numbers they need in minutes – not days or months.”

According to Bolton Lyons, the problems with SAP fixed asset accounting (http://FixedAssetConsulting.com) really aren’t unusual. “FAC knows fixed asset accounting is a different animal and requires specialized knowledge. To some clients, it may seem counter-intuitive to add more software to an enterprise system like SAP. But Winshuttle Query and Transaction are really just utilities that make their existing investment more valuable and useful.” She adds, “And when they see how much time, hassle, and costs that we eliminate from the fixed asset process, it’s a no-brainer for our larger clients.”

———— UPDATED 03/2018 ——————————————-

FAC has since then created their own automated tools that pull directly from standard SAP fixed asset accounting reports and automates the data flow into other fixed asset solutions (like the Sage Fixed Assets Premier solution for Tax purposes).  For additional information on our SAP fixed asset accounting solutions for use with the Sage Fixed Assets systems for Tax, State and AMT reporting and tax depreciation purposes, visit: https://www.fixedassetsoftware.com/sap-tax-depreciation

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