Fixed Assets
Depreciation that runs itself, tied to the acquisition document that created the asset.
Fixed asset registers kept in spreadsheets drift from the GL almost immediately — someone forgets a disposal, a depreciation method changes mid-year, and by the time the auditor asks for a reconciliation nobody trusts the number. TrackElan creates the asset master directly from the capitalized purchase or project, so acquisition cost, useful life, and depreciation method are set once and carried forward automatically.
Monthly depreciation runs post straight to the GL against the correct cost center, and disposals or transfers update the register and the ledger in the same transaction.
Live screen from app.trackelan.com
Capabilities
Why teams buy Fixed Assets
Keep the fixed asset register and the GL in permanent agreement
Cut the year-end fixed-asset audit from weeks to days
Forecast next year’s depreciation expense by cost center before the budget cycle starts
Avoid a standalone asset-management SKU — it is part of the base Finance module
How Financials stacks up
Directional estimates based on typical mid-market rollouts. TrackElan cost index is normalized to 1.0; SAP/Oracle figures reflect license, implementation-partner, and BI add-on costs common at this deployment size.
| Capability | TrackElan | SAP | Oracle | Spreadsheets / Legacy |
|---|---|---|---|---|
| Native financials in the base license | Extra module/SKU | Extra module/SKU | ||
| Reporting & pivots included | Separate BI license | Separate BI license | Manual only | |
| Typical go-live | 2–4 weeks | 9–12+ months | 8–10+ months | N/A |
| Implementation partner required | ||||
| Data stays reconciled automatically |