VumaERP features integrated inventory so you can easily manage all information about an asset. Batched or serialized items? Take your pick. Scan barcodes with your device camera for blazing fast search, faster outputs, and data-driven decisions based on assets’ availability, locations, and more. When an asset is purchased, the system auto-creates the asset record based on the information stored in the item master.

Procuring assets is done via purchase receipts (goods received notes) or purchase invoices. The system directly creates a record for the asset, based on the information stored in the item master. Depreciation methods, schedule, insurance details and more can be updated with a few clicks. It’s asset procurement simplified with one-time configuration.

Take complete control of your asset acquisitions and procurement process.
Get complete control over the procurement process of all assets and inventory starting at the purchase request all the way through purchase order, budgeting, goods delivery, and invoicing. Our Asset Management software is a powerful end to end purchasing solution that delivers better intelligence of past, present and pending asset acquisitions and procurements.

A single view of all asset orders

At a glance know everything about your procurement and asset purchase orders, including a complete history and current status of all purchase orders that can be filtered by suppliers, assets, budgets or departments. This means that you can easily see what assets are on order, their cost and what has been received and what is overdue.

Improved budget control and productivity

Match your available expenditure to your procurement schedules and trigger alerts as thresholds are met, so you never over order or go over budget again. With automation of administrative tasks across the entire procurement solution, as well as pre-defined processes and permissions and simplified re-ordering, you can significantly improve your operational efficiency and budget control.

Flexible configuration and reporting

Your data, your way. Our Software allows you to configure your solution to suit your industry, currency, regulatory and governance requirements and tax jurisdictions. It puts the power back in your hands to develop and design custom reports and dashboards – by configuration rather than costly custom software development. It also integrates with many popular third-party systems, and is scalable to react to changes in your business. Easily configure it to cover a single office location, to countrywide, or even the world.

With a few clicks, you can sell assets that you no longer need. There is no overhead of maintaining accounting books, since the system will auto-create those journal entries, keeping the process quick and seamless.

Save time with asset depreciation calculations and reporting.

Automated asset accounting removes the hassle of manual depreciation entries. Configure depreciation schedules for various categories of assets, and watch the software auto-calculate the depreciation amount or dates and create accounting entries.

See the full and accurate picture of your asset depreciation, tailored to suit your exact governance and/or statutory compliance requirements. Finance professionals can save time through automated calculations and reporting of asset depreciation. With unparalleled flexibility in structure and reporting, you can virtually handle any depreciation scenario.

Flexible configuration and reporting

Your data, your way. Our Asset Management Software allows you to configure your asset depreciation solution to suit your industry, currency, regulatory and governance requirements and tax jurisdictions. It puts the power back in your hands to develop and design custom reports and dashboards. It also integrates with any popular third-party systems, and is scalable to react to changes in your business. Easily configure it to cover a single location, to countrywide, or even the world.

One single view across assets and currencies

With Vuma Africa Asset Management Software you don’t need to separate non-depreciable assets, such as leased items, from assets that are depreciable in finance reporting processes. This means that you can know everything about your assets that matters, and each individual asset class can be assigned its own depreciation rates and methods and exported to financials. No matter whether you operate across multiple countries and currencies, the software allows you to depreciate all assets for all variables in a single system, providing group visibility.

Cost-effective finance and depreciation

When it comes to depreciation, our solution provides best practice without the huge configuration and cost. The Asset Software platform is agnostic, so data can easily be imported and exported to the most popular enterprise systems such as SAP, Oracle and Dynamics.

When you no longer need an asset, you can scrap it with just one click. The accounting entries are handled by our asset management software so the process always stays smooth.

If the value of an asset increases or drops off suddenly, it can be recorded using the Asset Value Adjustment feature. The system will create journal entries (based on the re-adjustment values that were entered) and recalculate depreciation amounts.

Identify bottlenecks, monitor performance, and improve service delivery with reporting features. Out-of-the-box standard reports and easy-to-build custom reports empower you with data-driven analysis for better decisions.