Procurement to retirement platform

Depreciating Fixed Assets

Straight line, diminishing balance and custom methods.

Procurement to Retirement Platform 

p2r is a comprehensive Enterprise Asset Management System. It has modules for evaluating and on-boarding of vendors, p2p - procure to pay, assigning and tracking fixed assets, asset audits, depreciation and asset retirement with e-waste policies.
Our services include tagging and verifying fixed assets and asset audits.
p2r can help an organisation reduce its spend on procuring and maintaining fixed assets substantially. It helps procure assets from the best sources at best prices, identifies unused assets and tracks misplaced or missing assets. It also tracks what the assets are used for and how.

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Software Services
SINCE 1999

Our Browser Based products have been providing World Class solutions for Service Management, Asset Management and Tracking and Compliance Management for over two decades. Our customers include many in Fortune 500 like Honeywell, GE, TESCO, EY and Deloitte.

Depreciation

Depreciation module helps customers to configure depreciation methods to satisfy multiple statutory and organisational requirements. Once configured, it simplifies the process of calculating depreciation for all assets, with a single click of a button.

Straight Line

Annual depreciation = (Cost of the asset - Salvage value) / Useful life of asset
Cost of the asset is the purchase price of the asset. Salvage value is the value of the asset at the end of its useful life. Useful life of asset represents the number of months or years in which the asset is expected to be retired by the company.

Custom Formula

Our depreciation module can be configured dynamically to suit different policies adopted by Organisations.
For example, customers can use IFRS for statutory requirements and use their own policies for cost allocation to cost centres.

Diminishing Balance

Annual depreciation = (Net Book Value – Residual value) X Depreciation Rate
Net Book Value is the value of fixed assets after depreciation. The residual value of fixed assets is the expected value of fixed assets at the end of the assets’ expected useful life.

01

IASB

IASB (International Accounting Standard Board) is the standards setting body of the IFRS Foundation. p2r complies with accounting standards of IASB. We keep track of any new standards introduced and quickly incorporate them in p2r.

02

IFRS

IFRS is the global standard of financial accounting. p2r complies with all their standards of fixed assets depreciation.

03

GAAP

GAAP is the standard of accounting followed still by many. RCS p2r is designed to comply will all the requirements of GAAP.

04

Custom

Our depreciation module can be configured dynamically to suit different policies adopted by Organisations. For example, customers can use IFRS for statutory requirements and use their own policies for cost allocation to cost centres.

05

Cost-Center based

The depreciation module in p2r can be configured to group depreciation figures cost-centre wise or project wise. The helps in arriving at more accurate costs for projects or teams.

06

Shift Duration wise

Organisations may operate in shifts. Therefore, cost of depreciation needs to be distributed across different projects running at the same duration but in different shifts. The depreciation module in p2r can be configured with different shifts and its duration.

WEB BASED

p2r is a Browser Based, User Friendly and Customizable Enterprise Procurement Platform. Advanced web technologies are used for Reliability, Stability and Security.
It can be accessed from anywhere using a browser through Cloud.

Mobile Interface

Service Requests using mobile devices.

Service Approvals through mobile.

Responsive screens for approval functions.

Alerts to mobile devices

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Integrations

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ERP

SAP, Oracle
Bapi, Web Services or Views 

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Single Sign-on

Active Directory, LDAP, Google OAUTH

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Human Resources

Peoplesoft, XingHR

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Network Sniffing

Microsoft - SCCM
IBM - Tivoli
ManageEngine

Configurable Modules

p2r has configurable modules, when put together, takes care of all processes needed from procurement to retirement of assets. If the customer chooses to use a different application for a specific function, that application can be seamlessly integrated with p2r platform using APIs or other standard protocols.

Knowledge Base

KNOWLEDGE BASE is a collation of data about the different aspects of a process. It can also contain details of assets and their technical guides and manuals. These can be uploaded into p2r and can be made available for users.

Dashboard

DASHBOARD provides a visual representation of aspects like completed requests, pending POs, assets owned by cost centers, audit progress etc. These DashBoards help in visualising process flows, asset movements and distribution.

Compliance Audits

Perform audit on health and availability of assets.

Audit vendor performances.

SOX, STPI and SEZ audits.

Gap analysis and RCA.

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Alert Engine


Our alert engine, keeps every stakeholder alerted on all tasks awaiting their action. Alert engine can be configured as service scheduler to efficiently and easily manage repetitive process requirements.
Multiple alerts can be scheduled to different stakeholders.
Procurement
Alert engine can trigger to send details of overdue deliverables from vendors. It can alert service staff prior to expected goods delivery making them prepared for installations. 
Tracking
Compliance tasks and audits that happen in pre-defined intervals can be configured to trigger alerts to stake-holders about approaching tasks.
Service Management 
Periodic maintenance schedules can be configured to trigger alerts to service team about approaching service requirements.

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Get In Touch With Us

p2r

p2r is a product of RCS Tech llp. RCS is a technology company that provides software services through customisable products to meet various needs of many fortune 500 companies. Some of world's largest engineering companies and banks use the services of RCS.
Started in 1999 with headquarters in Bangalore, India, RCS serves many customers in the Americas, Europe, and the Middle East. Team RCS consists of over 450 engineers with expertise in the areas of Service management, Fixed assets accounting and Compliance management.

Contact:
38, Lake Road, Doddakanelli
Bangalore, India, 560035
info@rcssoft.com
+91 9880727272

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