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FMIS Asset Management Pricing, Features, Reviews and Alternatives

FMIS Asset Management product overview

What is FMIS Asset Management?

FMIS Asset Management is a fixed asset management system, covering fixed asset management, tracking, and depreciation, barcoding, equipment and maintenance management, capital projects, lease accounting, and more. The system is compliant with multiple standards, including IFRS, SORP, IAS, Sarbanes-Oxley, and UK/US GAAP.

Key benefits of using FMIS Asset Management

  • Compliance with SORP, IFRS, Sarbanes-Oxley (SOX), US/UK GAAP, and IAS can all be managed through FMIS.

  • Both modifiable and standard depreciation methods can be used.

  • Equipment can be tracked through its full lifecycle, from purchase, through warranty, maintenance, repairs, assignment, loan, transfer, and return to vendor.

  • Users can manually load leases into the system, or they can be imported in bulk, as can adjustments, updates, or coding changes.

  • Invoices can be entered manually or imported automatically from accounts payable systems.

  • Project managers can divide overall budgets into categories or expenditure levels for each capital project, with subsequent transactions coded to the same structure.
  • Typical customers

    Freelancers
    Small businesses
    Mid size businesses
    Large enterprises

    Platforms supported

    Web
    Android
    iPhone/iPad

    Support options

    Phone Support
    Email/Help Desk
    Chat

    Training options

    Live Online
    Documentation
    In Person
    Webinars

    FMIS Asset Management pricing information

    Value for money

    4.1

    /5

    18

    Starting from

    £

    3500

    Per User

    Pricing options

    Free plan
    Subscription
    Free trial
    Pricing range

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    FMIS Asset Management features

    Functionality

    4.5

    /5

    18
    Total Features75 6 categories

    Most valued features by users

    Alerts/Notifications
    Reporting/Analytics
    Reporting & Statistics
    Activity Dashboard
    Inventory Management
    Third Party Integrations
    Document Management
    Mobile Access

    Functionality contenders

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    #2
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    Functionality
    #4

    FMIS Asset Management users reviews

    Overall rating

    4.3

    /5

    18

    Positive reviews

    100%

    Write a review
    Rating breakdown
    • Value for money
    • Ease of use
    • Features
    • Customer support
    • Likelihood to recommend8.67/10
    Rating distribution

    5

    4

    3

    2

    1

    6

    12

    0

    0

    0

    Pros
    The Fixed Asset management system deals with our extensive assets and the support from FMIS when implementing the software, some bespoke was excellent.

    EF

    Elaine F.

    FMIS Asset Management system is an excellent software. It has rich and easy to use functionalities.

    AM

    Abdil M.

    The customer service has been very good, all requests for help/any queries have been dealt with promptly and our client contact has always been willing to help.

    BM

    Bina M.

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

    AR

    Anonymous Reviewer

    Through no fault of FMIS we never really implemented the software correctly in the first place , this was down to our own internal resource at the time of implementation.

    TA

    Tim A.

    Overall rating contenders

    ShippingEasy
    Overall rating
    #1
    UpKeep
    Overall rating
    #2
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    Overall rating
    #3
    FMIS Asset Management
    Overall rating
    #4
    Overall Rating
    • Value for money
    • Ease of use
    • Features
    • Customer support
    • Likelihood to recommend9/10

    Share this review:

    Great product, Superb value for money and excellent customer support

    Reviewed 3 years ago
    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

    Vendor response

    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.

    Overall Rating
    • Value for money
    • Ease of use
    • Features
    • Customer support
    • Likelihood to recommend10/10

    Share this review:

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

    Reviewed 3 years ago

    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.

    Vendor response

    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.

    Overall Rating
    • Value for money
    • Ease of use
    • Features
    • Customer support
    • Likelihood to recommend7/10

    Share this review:

    Unrealized possibilities

    Reviewed 3 years ago

    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.

    Vendor response

    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.

    Overall Rating
    • Value for money
    • Ease of use
    • Features
    • Customer support
    • Likelihood to recommend8/10

    Share this review:

    Asset Management on Steroids

    Reviewed 3 years ago

    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.

    Overall Rating
    • Value for money
    • Ease of use
    • Features
    • Customer support
    • Likelihood to recommend10/10

    Share this review:

    FMIS - Fixed Asset Register

    Reviewed 3 years ago
    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.

    Vendor response

    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.

    FMIS Asset Management FAQs and common questions

    FMIS Asset Management has the following pricing plans:
    Starting from: £3500.00
    Pricing model: One Time License


    FMIS Asset Management has the following typical customers:
    Large Enterprises, Mid Size Business, Non Profit, Small Business


    FMIS Asset Management supports the following languages:
    English


    FMIS Asset Management supports the following devices:
    Android, iPhone, iPad


    No, FMIS Asset Management does not have an API available.


    FMIS Asset Management integrates with the following applications:
    Sage 200cloud


    FMIS Asset Management offers the following support options:
    Phone Support, Email/Help Desk, Chat

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