Netgain expands fixed asset management software to integrate with any ERP

Netgain, the company empowering accounting teams to eliminate broken and inefficient operations and reclaim valuable time, is announcing that NetAsset—its fixed asset management software—is now enhanced to work with all enterprise resource planning (ERP) solutions. With this launch, Netgain expands the reach of NetAsset by enabling accounting teams to take advantage of a variety of efficiencies through automation and AI technology.

NetAsset is engineered to help teams simplify and centralize the complex workflows of accountants and their fixed asset portfolios. Its user-friendly approach to asset lifecycle management empowers accountants to get rid of the traditional, manual fixed asset processes that increase inefficiencies and the risk of human error. From the acquisition of assets to disposal, NetAsset eliminates manual errors, reduces repetitive tasks, and ensures a clear audit trail for better collaboration among companies and accounting firms, according to Netgain.

Now enhanced to work with all ERPs, NetAsset continues to optimize accounting fixed asset workflows through AI-powered automation, dynamic reporting, and seamless integrations.

"Accounting for fixed assets is often a tedious and error-prone process, especially when relying on spreadsheets," stated Nathan Smart, CPA, president, and founder of Netgain. "With this expansion of NetAsset, we aimed to take the success of our native app and address those inefficiencies for all companies, regardless of their ERP or accounting system. By providing a solution that automates advanced calculations and generates alternative schedules for tax and book depreciations, Netgain is continuing to deliver on its mission to empower accountants to reclaim time previously spent on manual tasks so they can focus on higher-value initiatives."

NetAsset offers the following capabilities:

• AI-powered asset import for efficiently creating new assets, reducing the need for manual entry and minimizing errors
• AI-powered chatbot Copilot that provides instant support for navigating and utilizing NetAsset
• Automated advanced calculations with easily producing CIP reports that can apply custom and alternative tax depreciation schedules and produce detailed, audit-ready reports
• Dynamic centralized reporting for a comprehensive view of a company’s fixed asset portfolio
• QuickBooks integration and ERP connectivity for improved efficiency and the ability to export journal entries to Excel for easy upload into any ERP

"This tool not only streamlines asset management for companies with large, fixed asset portfolios but also serves as a trusted solution for accounting and advisory firms to manage all their clients' fixed assets efficiently in one platform," said Adam Riches, CPA, CEO, and founder of Netgain. "With NetAsset, firms can simplify book and tax depreciation for their clients' portfolios, improve audit efficiency through centralized documentation, and enhance collaboration by consolidating all client data in one accessible system, while providing clients with direct access."

To learn more about NetAsset, please visit https://www.netgain.tech/.