Unlock the full potential of your assets with Cyllo Assets Management. Our innovative solution simplifies the complexities of asset tracking and control, ensuring accuracy, reducing risk, and driving performance.
Maximize your asset potential with Cyllo’s streamlined management solution. Simplify tracking, enhance control, and make data-driven decisions to boost asset performance and reduce risks.
Effective asset management tracks assets throughout their lifecycle, from acquisition—recording costs and conditions—to monitoring depreciation for informed decisions, scheduling maintenance for optimal performance, and revaluing assets as needed due to market changes or major repairs.
Accurate asset management is vital for financial reporting as it impacts depreciation schedules, asset values, and disposal, involving key accounts such as the Fixed Asset Account for the original asset value, the Depreciation Expense Account for periodic depreciation, and the Accumulated Depreciation Account for total depreciation applied, which reduces book value.
Integrate with other cyllo modules like Accounting, Inventory and Purchase for a seamless business process