Asset Depreciation

The ultimate accounting compliance and reporting solution
Asset Depreciation

What is an asset worth? Each asset actually has multiple values, depending on your perspective. The financial view is interested in acquisition value and depreciated value. The operational view looks at service value. The risk management view tracks insurance value and the planning view forecasts replacement value. Riva's Asset Depreciation solution, RivaAD, provides one, consistent, comprehensive source for all these values. This asset accounting compliance and reporting solution allows for user-defined depreciation methods and acts as the financial system of record for depreciation in balance sheet entries if there is no interface to the ERP.

How it works

RivaAD maintains the mapping from individual assets to aggregated and pooled assets. Supporting depreciation all the way down to the asset level, it maintains one or more depreciation books for the organization with monthly, quarterly or annual depreciation, full continuity and auditability.

Depreciation of assets

Highlights

Depreciation

Powerful, asset-based depreciation to help determine reserve levels and other key regulatory requirements.

Depreciation Powerful, asset-based depreciation to help determine reserve levels and other key regulatory requirements.

Valuation

Calculate all forms of valuation based on your business rules.

Valuation Calculate all forms of valuation based on your business rules.

Ad Hoc Reports

Accommodate ad hoc search queries that quickly filter and return the required results.

Ad Hoc Reports Accommodate ad hoc search queries that quickly filter and return the required results.

Pools

Automatically translate from operational assets into financial asset pools where applicable.

Pools Automatically translate from operational assets into financial asset pools where applicable.

Benefits

  • Completeness – Immediate access to a complete, up-to-date asset inventory with valuation.
  • Flexibility – Reflects each organization’s unique business rules.
  • Regulatory Compliance – Meets Canadian, U.S., New Zealand and Australian regulatory requirements for asset valuation and asset depreciation reporting.
  • Auditability – All changes are tracked, identifying the source and details of the change.
  • Scalability – Handle millions of assets.

Features

  • Fully configurable to represent any organization.
  • Define and customize project types, milestones, accounts and specific attributes.
  • Load documents to the server and link to project for use by all authorized users.
  • Provides both pre-defined and user-defined lifecycles, along with fully configurable approval authorizations.
  • Compare budgets, funding, contracts and actuals.
  • Configurable dashboards and tools for building ad hoc reports.
  • Completely Internet-based application.
  • Supports multiple repair strategies.
  • Supports Microsoft SQL Server and Oracle.

Modules

GIS Integration

Geographical Information Systems (GIS) are a significant part of asset management, especially when it comes to asset inventories, and spatial representation and analysis of asset data, outputs from other corporate systems, and data attribution. Riva has integrated to a number of GIS platforms, most importantly to the industry leading solutions from Esri, Intergraph, and Small World. We provide real-time, bi-directional integration to enforce data currency, and the ability to display outputs from Riva that are user defined.