Beginning January 1st, 2009,
organizations will need to report on the value of their
tangible capital assets, per PSAB 3150 requirements. Riva
Modeling’s TCA On Demand inexpensively automates the
process, from data collection and entry through to the
valuations and production of PSAB 3150 compliant
reports.
Feature
Benefit
Best practices
Valuation parameters and reports
Riva’s experience implementing PSAB solutions in small and large
municipalities across Canada ensures PSAB 3150 compliance for
you:
Riva TCA On Demand reduces your costs by using comparable
valuations and standardized reports;
Riva TCA On Demand includes standard depreciation schedules
that you can apply by asset or asset group, in line with PSAB
3150 requirements.
Ease of
use
Simple step by step process
Riva TCA On
Demand templates guide you through the process from trouble-free
data collection and entry, through to issuing PSAB 3150
compliant reports.
Continuity
Year-over-year tracking
Riva TCA On Demand provides a single repository with a clear
snapshot and continual tracking of municipal assets year over
year.
On Demand
Browser based web-hosted service
With Riva TCA On
Demand, there are no additional costs associated with hardware
or software implementation or maintenance. As a web service,
Riva TCA On Demand is available from any existing
laptop/workstation through a secure web connection.
Secure
Disaster-proof environment
With Riva TCA On Demand, only the owner and contributors have
access to data and the ability to publish reports. Multiple
redundancy in Riva’s data hosting environment ensures fail-safe
recovery and continuous availability for you.
TCA On Demand comes
pre-configured with best practice definitions for all
common asset types as well as standard valuation methods
for all your linear assets and many other asset types.
So you only need to execute the following simple steps
to become fully functional:
Capture your inventories on
spreadsheets using TCA On Demand’s Excel templates;
Upload the spreadsheet
inventories to TCA On Demand with our user friendly
synchronization wizard;
Review the inventories and
valuations of your assets using the Sign Off Report,
including acquisition value, current net book and
estimated useful life.
You will be able to sign onto
TCA On Demand at anytime at any location and run both
detailed and summary asset lists, activity reports
covering acquisitions and retirements, and view your
acquisition and replacement profiles.
As well you can update your
inventories at any time in Excel and synchronize the
changes into TCA On Demand, or you can maintain the
inventories directly through the application.
TCA On Demand provides the
smallest municipality with the functionality that
leading municipal governments are using to prepare the
requirements of PSAB 3150 for 2009 and beyond.
Riva enterprise
solutionsare installed onsite and integrated with
existing systems. In
general, they are suited to larger organizations that
maintain in house tangible capital asset (TCA) database structures, GIS, and
extensive financial packages. Municipalities with
populations of 50,000 or more and corporations with over 25,000
tangible capital assets to manage usually require an integrated enterprise
software solution.
