Riva Modeling Systems Inc. was formed by
brothers Ian Woodbury and David Woodbury (Loki
Innovations) to sell and support their strategic long range
physical asset
planning software, originally named Riva Online, a toolkit of software solutions for asset
management. Ian and Dave developed these long range asset management
tools in response to what they recognized to be a growing need
within organizations to bridge the gap between their extensive computerized asset
inventories and their financial software
systems.
Riva Modeling's Riva enterprise
and On Demand software suites provide tools that perform strategic long range
asset, risk and budget management by forecasting the full
lifecycle of the assets a municipality is managing. They tap
into asset inventories and then apply best practices to assets to
generate a lifecycle for each asset. This determines the events
that would be scheduled each period, along with their effects on
the cost, condition, risk and capacity measures for a
municipality or company and its assets. In addition, Riva Modeling
has created stand alone solutions
compliant with the PSAB 3150 Tangible Capital Asset reporting
guidelines as well as the United States equivalent GSAB
Statement 34.
