Merit Fixed Assets

Effectively manage the life cycle of your fixed assets with Merit. Prevent leakages, enhance returns, and minimize pilferage for optimized asset management.

Download detailed specifications and know Merit Fixed Assets better

Merit Fixed Asset gives you total control over your assets all the time. It takes care of all your processes in one integrated system.

Merit Asset is a fixed assets software designed to help businesses manage their fixed assets, minimise leakages, and comply with statutory requirements.

Merit stands out as the premier fixed assets software with its web-based platform, facilitating seamless online setups across branches. It embodies cutting-edge technology, sophisticated design, robust architecture, and comprehensive features.

Protect Your Assets

With Merit Asset, you can manage your fixed assets efficiently:

Protect your fixed assets, boost their utilization, dispose of inactive ones, and monitor their usage to enhance ROI on your asset investments

Streamline your business operations with Merit ERP: a unified solution for small, medium, and large businesses to efficiently manage finances and inventory with constant control.

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Modules

Asset Life Cycle

Merit Asset provides comprehensive asset tracking and management for organizations of any type, whether commercial, non-profit, or governmental. From procurement to disposal, it allows you to monitor each asset’s entire lifecycle. You can uniquely identify assets, assign them to locations, and track them until disposal. The system covers procurement, purchases, deliveries, and commissioning. It facilitates detailed asset information, including automatic profit/loss calculations for asset sales and write-offs. With features like fixed assets register, depreciation calculations, insurance management, and AMC management, Merit Asset ensures thorough control and insight into your asset portfolio.

Assets

Asset Database

Identify & Tag

Merit Asset simplifies asset identification and tagging:

Assign unique numbers to assets
Label assets for future stock-taking
Create customized labels with name, location, classification, and barcodes
Generate Asset IDs manually or automatically
Print labels using Merit Labels Designer on adhesive or plain paper, suitable for laser or barcode printers.

Fixed Assets Register

Keep a comprehensive Fixed Assets Register, detailing every asset. Consolidate all organizational assets into one database for efficient management. Ensure compliance with statutory requirements such as company law.

Track User

Depreciation

Depreciation for books

Merit offers comprehensive depreciation calculation options, allowing for straight-line (SLM), written down value (WDV), or both methods. It maintains asset figures according to each method, ensuring accurate financial records over time. Depreciation can be calculated automatically based on various periods such as monthly, quarterly, or half-yearly. Values are carried forward for subsequent years, and separate treatments for low-value assets are available to comply with Company law regulations. With Merit, you can efficiently manage depreciation for books while adhering to accounting standards and statutory requirements.

Depreciation for Income Tax

Merit not only computes depreciation for books but also for taxes based on block of assets. Users can define these blocks according to legal standards. Depreciation rates are assigned to specific asset types, automatically calculated, and carried forward for subsequent years. Additionally, insurance details can be managed seamlessly within the system, offering a comprehensive solution for asset management and compliance.

Insurance Management

With Merit, you can ensure continuous insurance coverage for all your assets, mitigating potential losses. The platform assists in managing insurance details for each asset, capturing renewal dates and providing timely reminders to prevent lapses in coverage. Users can specify insurance tracking preferences, define providers, set expiry dates, and receive alerts for renewal, facilitating seamless management of insurance policies and safeguarding assets effectively against unforeseen risks.

Asset Maintenance Management

With Merit, you can effectively oversee asset maintenance contracts and stay updated on renewal dates to ensure uninterrupted coverage. The platform facilitates comprehensive management of AMC coverage, allowing users to specify preferences for individual assets, track AMC expiration dates, and receive timely reminders for renewals. By streamlining the process of managing AMC contracts and renewals, Merit enables businesses to uphold the maintenance integrity of their assets and avoid service disruptions.

Warranty

With Merit, you can efficiently monitor asset warranty expiration:

Define if warranties should be tracked per asset
Set warranty expiration dates
Receive reminders for warranty expirations
Effectively manage and track warranty expirations to ensure timely actions.

Why Choose Techysoft ERP ?

Comprehensive Business Management

Techysoft Merit ERP offers a complete suite of modules that streamline all aspects of your business, including finance, inventory, supply chain, HR, and more. This ensures all business operations are managed from a single, integrated platform.

Customization and Flexibility

The ERP is highly customizable, allowing businesses to tailor it to their unique workflows and requirements. With flexible modules and add-ons, companies can scale as they grow.

User-Friendly Interface

Techysoft Merit ERP provides an intuitive, easy-to-use interface that reduces the learning curve for users, ensuring a smoother adoption process across teams.

Real-Time Data and Insights

With real-time data analytics and reporting tools, Techysoft Merit ERP allows businesses to make informed decisions based on accurate, up-to-the-minute information.

Cloud and On-Premise Options

Offering both cloud-based and on-premise deployment options, businesses can choose the best solution for their needs, whether they prefer the flexibility of the cloud or the control of on-premise systems.

Data Security and Compliance

Techysoft Merit ERP ensures top-level security with encryption, role-based access control, and compliance with regional regulations like GDPR or PDPL in Saudi Arabia.

24/7 Support and Maintenance

The ERP system comes with comprehensive customer support, including 24/7 technical assistance, software updates, and a dedicated support team to ensure uninterrupted business operations.

Cost Efficiency

With competitive pricing models and a high return on investment, Techysoft Merit ERP is an affordable option that delivers powerful functionality for businesses of all sizes.

Integration with Other Systems

Seamlessly integrates with other business software, such as CRM, e-commerce, and third-party apps, ensuring smooth data flow and minimizing system fragmentation.

Localization for Saudi Market

Specifically designed to meet the unique needs of businesses operating in Saudi Arabia, including support for local languages, compliance with Saudi laws, and integration with local financial systems and tax regulations.

Value Added modules

Techysoft Merit ERP caters to a wide range of industries along with add on modules like HCM and Fixed assets management

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Frequently asked Questions

What is Merit ERP

Techysoft Merit ERP is a comprehensive Enterprise Resource Planning (ERP) solution designed to manage and integrate various business processes, such as finance, supply chain, human resources, inventory, and more, all in one platform.

How customizable is Techysoft Merit ERP?

Techysoft Merit ERP is highly customizable to suit the specific needs of your business. From workflows to custom modules, you can tailor the system to fit your company’s operations and growth requirements.

Is Techysoft Merit ERP suitable for small and medium-sized businesses (SMEs)?

Yes, Techysoft Merit ERP is scalable and designed to meet the needs of both small and medium-sized businesses. Its flexible modules allow you to adopt what you need and scale as your business grows.

Can Techysoft Merit ERP be deployed on the cloud?

Yes, Techysoft Merit ERP offers both cloud-based and on-premise deployment options, allowing you to choose the best solution for your business needs.

What industries does Techysoft Merit ERP cater to?

Techysoft Merit ERP caters to a wide range of industries, including manufacturing, retail, healthcare, construction, and services. It is designed to be versatile and adaptable to various industry requirements.

Does Techysoft Merit ERP support multiple languages?

Yes, Techysoft Merit ERP supports multiple languages and is particularly optimized for businesses operating in Saudi Arabia, offering support for both English and Arabic.

How secure is my data with Techysoft Merit ERP?

Techysoft Merit ERP ensures high levels of security with data encryption, role-based access control, and compliance with local and international data protection regulations like GDPR and PDPL.

What kind of support does Techysoft Merit ERP offer?

We provide 24/7 customer support, technical assistance, and regular software updates to ensure that your business operations run smoothly without interruption.

Can I integrate Techysoft Merit ERP with other software systems?

Yes, Techysoft Merit ERP seamlessly integrates with a wide range of third-party applications and systems, including CRM, e-commerce platforms, and more, to streamline your business processes.

How can I get a demo of Techysoft Merit ERP?

You can request a demo by contacting our sales team via our website. We’ll be happy to provide a detailed walkthrough of the software and its capabilities to help you determine if it’s the right fit for your business.

Is training provided for new users of Techysoft Merit ERP?

Yes, we provide comprehensive training programs for new users to ensure a smooth transition and adoption of the ERP system.

Does Techysoft Merit ERP comply with Saudi regulations?

Yes, Techysoft Merit ERP complies with all relevant Saudi regulations, including the Personal Data Protection Law (PDPL) and VAT regulations. It is specifically optimized for businesses operating in Saudi Arabia.

How often are updates released for Techysoft Merit ERP?

We regularly release updates to improve functionality, add new features, and ensure compliance with any new regulatory changes. These updates are seamlessly integrated with minimal disruption to your business.

What is the cost structure for Techysoft Merit ERP?

Techysoft Merit ERP offers flexible pricing plans based on the number of users and the specific modules your business needs. Please contact our sales team for a customized quote.

How long does it take to implement Techysoft Merit ERP?

The implementation timeline depends on the complexity of your business processes and the level of customization required. On average, it can take between a few weeks to several months for full deployment.

Is there a free trial available for Techysoft Merit ERP?

Yes, we offer a free trial so you can explore the features and functionality of Techysoft Merit ERP before committing to a full implementation.

Is there a free trial available for Techysoft Merit ERP?

Yes, we offer a free trial so you can explore the features and functionality of Techysoft Merit ERP before committing to a full implementation.

What are the hardware and software requirements for running Techysoft Merit ERP?

Techysoft Merit ERP is highly adaptable and can run on standard hardware configurations. For cloud deployments, minimal infrastructure is required, as the system is accessible via any modern web browser.

What features does Merit Fixed Assets offer in TechySoft Merit ERP?

Merit Fixed Assets provides a comprehensive solution for managing fixed assets, including asset tracking, acquisition and disposal management, depreciation calculation, asset valuation, and inventory management. It also includes reporting tools for asset performance, maintenance schedules, and audit trails, ensuring effective oversight of all fixed assets.

How does Merit Fixed Assets handle depreciation calculations?

Merit Fixed Assets automates the process of depreciation calculation using various methods such as straight-line, declining balance, and units of production. Users can set custom depreciation schedules based on asset type and useful life, ensuring accurate financial reporting and compliance with accounting standards.

Can Merit Fixed Assets integrate with other modules in TechySoft Merit ERP?

Yes, Merit Fixed Assets seamlessly integrates with other modules in TechySoft Merit ERP, such as General Ledger, Accounts Payable, and Inventory Management. This integration allows for real-time tracking of asset transactions, automatic updating of financial records, and streamlined reporting across the organization.

How does Merit Fixed Assets assist with compliance and audit readiness?

Merit Fixed Assets includes features that support compliance with accounting standards and regulations, such as maintaining detailed audit trails of asset transactions, changes, and valuations. The system also generates comprehensive reports that facilitate audits, ensuring that all asset-related information is readily accessible and accurately documented.

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