FMIS Fixed Assets Software

4.33 / 5 (18)

About FMIS Fixed Assets


FMIS Fixed Assets is a cloud-based fixed asset management solution. It caters to multiple industries including retail, healthcare, manufacturing, non-profit, education and oil and gas. Primary features include fixed asset depreciation, asset tracking, inventory management, maintenance, fixed asset lease accounting, depreciation forecasting and document management.

The fixed asset accounting module calculates depreciation, tracks assets from acquisition through disposal and ensures compliance with IFRS, local GAAP and other international standards. It offers support for multiple countries, currencies, companies and depreciation methods. The asset tracking module allows users to track location, status and history of assets across locations. FMIS FIxed Assets offers integration with finance and ERP packages including Sage, Access and Deltek.

It is compatible with Windows, Mac and Linux operating systems. Customer support is offered via email and over the phone. Other help options include case studies and resource library.



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Supported Operating System(s):

Web browser (OS agnostic), Windows 8, Windows 10

18 Reviews of FMIS Fixed Assets

Average User Ratings

Overall

4.33 / 5 stars

Ease-of-use

4.5

Value for money

4.0

Customer support

4.5

Functionality

4.5

Ratings Snapshot

5 stars

(6)

4 stars

(12)

3 stars

(0)

2 stars

(0)

1 stars

(0)

Likelihood to Recommend

Not likely

Very likely

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Showing 1-18 of 18 reviews

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April 2018

Elaine from ESA

Company Size: 51-200 employees

Review Source: Capterra


Ease-of-use

4.0

Value for money

5.0

Customer support

5.0

Functionality

4.0

April 2018

We use the FMIS software as integral part of our purchasing and asset management

Our invoice processing time has been cut considerably and we now have an asset register that we have confidence in.

Pros

The order processing and goods receipting is easy to use for the non financial staff. The Fixed Asset management system deals with our extensive assets and the support from FMIS when implementing the software, some bespoke was excellent.

Cons

The system does not deal with incorrect stock purchases very well. It is easy for stock buyers to make errors on the purchase orders and goods receipting which if not spotted in time require several steps to correct.

Response from FMIS of FMIS Ltd.

Replied April 2018

Hi Elaine, Thank you for taking the time to review FMIS. I'm glad the software is saving you time on invoices and goods receipt. Correcting stock purchases can be a hassle, but I know the team had a couple of ideas that might help if you would like to call in and have a chat with them. Best Regards, John.

March 2018

Kenatu from Tourism Development Co. Ltd.

Company Size: 51-200 employees

Review Source


Ease-of-use

5.0

Value for money

4.0

Customer support

3.0

Functionality

5.0

March 2018

Asset Management on Steroids

I used to use a third party fixed asset module from Normin, since I found this software, my internal customers have asked where has this been all there lives. This is truly asset management with a lot of extras, or maybe I never knew what fixed asset management was until this software.

Pros

Complete tracking of all assets from purchase to disposal and at multiple locations.
I can break it down to branches and still roll it up as a whole.
Reporting is fabulous and its graphical
Easier management of maintenance of equipment (e.g. H VAC, Copy Stations etc) and keep track of ROI and schedules.

Cons

Everything is in a different module and the complete package can get pricey.

January 2019

Anonymous

Verified Reviewer

Company Size: 1,001-5,000 employees

Review Source: Capterra


Ease-of-use

3.0

Value for money

3.0

Customer support

2.0

Functionality

4.0

January 2019

Unrealized possibilities

I keep an external record of logged info because the program takes to long to run a search.

Pros

It's quick and you can manage and keep equipment organized

Cons

Searching for entries is a pain and often has to be exported because findings are too large.

Response from FMIS of FMIS Ltd.

Replied January 2019

Thanks for the feedback. The system is design to run with high volumes of equipment, so the search speed should not be an issue. If you would like to get in touch with us at support@fmis.co.uk, we will be glad to look at this for you.

December 2018

Jennifer from Inland Fisheries ireland

Company Size: 51-200 employees

Review Source: Capterra


Ease-of-use

5.0

Customer support

5.0

Functionality

5.0

December 2018

FMIS - Fixed Asset Register

Pros

I find it easy to use and most of all - I like the way you can pull reports by different criteria.
Also the way the depreciation and disposals are calculated - very reliable.

Cons

Currently we have to upload the additions by excel. It is quite time consuming but hopefully we will be able to have an interface between our accounts package and FMIS. This should resolve this issue.

Response from FMIS of FMIS Ltd.

Replied January 2019

Hi Jennifer, thanks for the great feedback and I'm glad you are getting on well with the system. If you would like to get in contact with the support team, we would be very happy to look at ways we can streamline the uploads.

April 2018

Rachel from Science Museum Group

Review Source: Capterra


Ease-of-use

5.0

Value for money

4.0

Customer support

5.0

Functionality

5.0

April 2018

Excellent summary and detailed, user friendly system, excellent customer support

Pros

Very helpful customer service and support (Training, ongoing support and developing bespoke reports), standard and bespoke reports, intuitive to user, easy to add assets and make changes, robust system, flexible coding structure can be tailored by user to organisation's reporting. requirements

Cons

Would prefer more filter options on running the standard reports. Maybe the option to select what fields are displayed on the standard reports.

Response from FMIS of FMIS Ltd.

Replied April 2018

Hi Rachel, Thank you for taking the time to review the software and I am glad it is working well for you. Customer Service is very important to us, so your feedback there is especially appreciated. There are a few different options we can look at to enhance the reporting for you. Can I suggest you give the support team a call and we can discuss them? Best Regards, John.

December 2018

James from Papworth Trust

Company Size: 201-500 employees

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

4.0

December 2018

Great product, Superb value for money and excellent customer support

Pros

So easy to use, a small piece of software the manages depreciation on our assets superbly. Customer support is very good! cant be beaten on value for money.

Cons

A few extra features would help but I believe they are on the roadmap

Response from FMIS of FMIS Ltd.

Replied January 2019

Hi James, Thank you for the great feedback. We are always looking for good ideas to add to the product, so please get in touch with us to let us know what you would like to see.

March 2018

Anonymous

Verified Reviewer

Review Source: Capterra


Ease-of-use

4.0

Value for money

4.0

Customer support

3.0

Functionality

4.0

March 2018

Easy to use but flexibility of reporting could use some enhancements

Overall easy to use to track fixed assets, forecast depreciation schedules, etc.

Pros

Pretty easy to use software for tracking our fixed assets, depreciation schedules, etc. You have to recognize that there will be some time you'll need to invest in doing the initial software setups correctly but everything worked as expected after doing so.

Cons

The reports are good but have some concerns of minor annoyance. Uploading data requires adherence to very specific field data definitions. Reports had some limitations regarding what could be reported by period vs. end of fiscal year, etc.

March 2017

Adeline from Sheffield Hallam University

Review Source: Capterra


Ease-of-use

5.0

Value for money

4.0

Customer support

5.0

Functionality

5.0

March 2017

FMIS Asset management - user friendly, intuitive and great functionality

We implemented the system in June 2016 and received quick response during and after implementation. The system itself is intuitive and user friendly with minimal training. As a user, I am most impressed with the reports that can be generated (standard reports) which we found lacking in the previous system we had. There are also plenty of asset data fields to incorporate additional asset information e.g. Serial number, make, model etc which we find useful to track assets for physical verification. Depreciation forecasting is currently only done in periods so we will need to explore annual forecasting as a separate setup. The upload of asset data has to meet specific formats and number of character, decimal lengths so this is the only minor drawback we found with the system. Otherwise, a pretty sound, basic all round stand alone asset system which meets our organisation requirements.

May 2015

Kevin from Government Actuary's Department

Review Source: Capterra


Ease-of-use

4.0

Customer support

5.0

May 2015

Functional, could improve on reporting

This software is relatively easy to use. All the essential functions that I need to carry out to maintain a fixed asset register are there. Customer service is very good, with fast response time. While there is a number of different reports in the system to use, I think there is space to improve, such as drill down facilities on reports to see the breakdown of a subhead. I appreciate that I could run a full excel download to see the breakdown, however, it could be time consuming to sum up all the subheads and reconcile them to the depreciation reports, for example.

Response from FMIS of FMIS Ltd.

Replied May 2015

Thanks for the feedback Kevin. I'm glad to hear your experience with the support team has been so positive. Summary reports can be run at a detailed asset level, so I'll ask the team to get in touch with you shortly to look at what you need them to do.

June 2015

Rona from Science Museum Group

Review Source: Capterra


Ease-of-use

3.0

Customer support

5.0

June 2015

We are a group of Museums, subject to government account rules. Our experience with AI: very good.

PROS very helpful support team, quick response times; adequate scope for recording asset details due to the number of profile fields; ease with which depreciation can be advanced / deleted greatly assists with checking how more out of the ordinary transactions will be processed in the register; the flexibilty of amending and adding to periods within an accounting year prooved to be invaluable when implementing a last-minute revaluation ability to export reports to excel is extremely useful; price competetive compared to some alternatives, CONS none of significance. manual could perhaps be clearer as regards revaluing, tranfrerring or splitting assets. TIP Dont skimp on set up time. Allow time for setting up general ledger posting as well as the asset regiseter itself.

May 2015