Asset Management

Managing assets across large plantations, multiple divisions, and factories can be a complex challenge. Our TeaMS Plantation ERP Solution offers a comprehensive Asset Management Module, designed to streamline asset tracking, maintenance, depreciation, and financial reporting. Whether at the Head Office or Group Office, our TeaMS ensures total visibility, optimal utilization, and cost-efficient management of plantation assets.

Maintain a detailed digital record of all assets across estates, divisions, and factories.

Key Features

• Categorize Assets: Land, buildings, machinery, vehicles, equipment, plantations, etc.
• Asset Tagging & Identification: Assign unique IDs and track asset location in real-time.
• Multi-Location Asset Management: Monitor asset distribution across plantations, divisions, and warehouses.
• Ownership & Allocation: Assign assets to specific divisions, teams, or employees.

Benefits

• Prevent asset loss, mismanagement, and unauthorized transfers.

Ensure accurate financial reporting with automated depreciation calculations.

Key Features

• Multiple Depreciation Methods: Straight-line, declining balance, and custom calculations.
• Real-Time Valuation: Track the book value of assets across their lifecycle.
• Integration with Financial Modules: Sync depreciation entries with accounting and balance sheets.
• Regulatory Compliance: Generate tax-compliant reports for audits and financial reporting.

Benefits

• Reduce manual errors and ensure financial accuracy in asset valuation.

Extend asset lifespan with scheduled maintenance and repairs.

Key Features

• Automated Maintenance Scheduling: Set up preventive maintenance plans based on asset usage..
• Repair & Service Tracking: Log service records, spare parts usage, and technician details.
• Downtime Analysis: Identify patterns in equipment failure to reduce operational disruptions.
• Warranty & AMC Management: Keep track of asset warranties, insurance, and maintenance contracts.

Benefits

• Reduce unexpected breakdowns and optimize asset performance.

Manage the complete lifecycle of assets from procurement to disposal.

Key Features

• Asset Procurement Tracking: Monitor new asset purchases from approval to deployment..
• Inter-Division Transfers: Seamlessly reallocate assets between plantations, divisions, and factories.
• Asset Disposal & Resale: Automate write-offs, sales, or auction of obsolete assets.
• Warranty & AMC Management: Keep track of asset warranties, insurance, and maintenance contracts.

Benefits

• Improve asset utilization and reduce redundant capital investments.

Gain actionable insights into asset utilization, costs, and efficiency.

Key Features

• Real-Time Asset Dashboards: Monitor asset health, maintenance schedules, and depreciation trends.
• Customizable Reports: Generate reports on asset value, usage history, maintenance costs, and more.
• Multi-Level Reporting: View asset summaries at the Group Office, Head Office, and Division levels.

Benefits

• Make data-driven decisions for better asset allocation and cost control.

• Industry-Specific: Designed for plantations managing tea, coffee, and other agricultural estates.
• Real-Time Visibility: Track assets across multiple locations from a single platform.
• Seamless Accounting Integration: Automate depreciation, valuation, and financial reporting.
• Predictive Maintenance: Reduce asset downtime with scheduled servicing
• Improved Decision-Making: Data-driven insights for optimizing asset investments.