Procede Software released Asset Management v2.0 on Thursday.
The solution extends the functionality of Excede's accounting module with a more intuitive user interface and advanced depreciation, amoritization and fixed asset management capabilities.
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"Managing lease, rental and other assets and ensuring they are properly depreciated is a critical part of dealership finance and accounting operations," Procede CEO Larry Kettler says. "At Procede, our continuing commitment to our customers is to listen, identify complex, manual processes like asset management, and deliver solutions that make them easier and more intuitive."
Asset Management v2.0 also includes updates that:
- Accelerated depreciation capabilities that support a range of industry-standard accounting methods, including fixed declining balance and sum of years' digits depreciation.
- A new expense amortization module that enables users to create amortizations in one single step, including the creation of both originating journal entries and recurring entries.
- Full fixed asset support for all depreciation, note payments and amortization features and enhancements.
Asset Management v2.0 can be run as a standalone browser application or embedded within Excede.
"Asset Management v2.0 is an incredibly easy and efficient way for our customers to manage their lease, rental and other assets that will save time, increase accuracy and simplify complex processes like depreciation," says Sharon Covitt, Procede's vice president of product success.
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Procede developed the solution with participants in the Procede Insider Program. It gathered input from finance and accounting teams and prioritized new features enhancements that have the greatest impact on daily operations. The release was then beta tested and piloted by Procede Insiders.
