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Sage Fixed Assets

Score8.1 out of 10

17 Reviews and Ratings

What is Sage Fixed Assets?

Sage Fixed Assets provides simplified fixed-asset tracking with comprehensive depreciation calculations, including over 300,000 U.S. and Canadian regulations for businesses, governments and nonprofits.

Categories & Use Cases

A Solid Master Tool for Asset Management.

Use Cases and Deployment Scope

With Sage Fixed Assets, we try to manage the full life cycle of our fixed assets, including tracking, for example, depreciation and disposal of assets. It addresses accuracy, for example, for our compliance and efficiency issues, by replacing manual issues most of the time, and supporting our audit-ready financial reporting, which really helps us a lot.

Pros

  • It helps our team with some automations regarding identifying multiple books that are decreasing.
  • Helping our company for compliance.
  • Effective for us to provide meaningful reports.
  • It helps us to scale our business with more data accuracy.
  • It helps us to manage lifecycle of the business.

Cons

  • Some parts that slows us down would be the UI, some portion looks classic.
  • It lags behinds big data some times.
  • They could add some ability to integrate more.

Return on Investment

  • The reporting is ridiculous, and the entry is extremely clunky at times, which made it a little hard to use and negatively affected the business.
  • The depreciation part works okay, but I’m losing my mind with planning, which is taking a negative impact, too.
  • On the other hand, it helps us manage assets more effectively, which saves time. Delivering real ROI through data accuracy and preparing us for what lies ahead.

Usability

Alternatives Considered

AssetWorks Enterprise Asset Management (EAM System)

Other Software Used

Sage Inventory Advisor, Shopify Plus, Extensiv 3PL Warehouse Manager

Sage Fixed Assets for Accurate Fixed Asset Management

Use Cases and Deployment Scope

We run a full ERP system from another provider. It fulfills most of our needs, however, it lacks a good, fixed asset system. It does not calculate depreciation accurately for our business. We use Sage to track fixed assets and the depreciation on our Fixed Assets and we found that Sage picks up the slack in that area nicely.

Pros

  • Managing Fixed Assets
  • Calculating Depreciation
  • Depreciation Schedule

Cons

  • Price
  • Depends on SQL database
  • Network version limited number of users

Return on Investment

  • Accurate fixed assets accounting
  • Easily train accounting users on product
  • easy to use

Usability

Alternatives Considered

MRI Fixed Asset Management and Cetaris Fixed Asset

Other Software Used

Infor M3, Microsoft 365, Microsoft Office 2016 (discontinued)

Sage FAS Flop

Pros

  • Fixed asset management

Cons

  • Adding new users with multiple company access
  • Copying users

Most Important Features

  • I do not like any of the features

Return on Investment

  • No positive or negative influence

Alternatives Considered

Oracle Application Container Cloud

Other Software Used

ServiceNow IT Service Management, Asset Panda, UKG Workforce Central

Sage Fixed Assets - it could use a little fixing itself

Pros

  • Central Repository.
  • Staying up to date on tax law changes.

Cons

  • Non-intuitive to use.
  • Horrible Excel reports.

Return on Investment

  • It is incredibly difficult to use and our business users generally do not look favorably on it.
  • It is relatively low cost, which is a nice feature and lends to quick ROI.