PRESS RELEASE
Partnership Delivers Integrated Financial Management and Fixed Asset Management Software to the Public Sector
17th June 2009 - A leading provider of financial management systems (FMS) to the UK mid-market, COA Solutions (Now Advanced Business Solutions), today announces a partnership with Real Asset Management plc (RAM) – a UK-leading provider of fixed asset management software and services. This new partnership sees the integration of RAM’s fixed asset management software into COA Solutions’ FMS, providing users of eFinancials, OpenAccounts and e5 systems with market-leading fixed asset management functionality to complement COA Solutions’ existing fixed assets accounting module.
COA Solutions’ public sector customers will particularly benefit from this new partnership, enabling them to comprehensively manage their fixed assets (property, plant and equipment), from purchase, capitalisation and ongoing management through to depreciation and disposal.
Fergus Gilmore, Sales Director Public Sector and Enterprise from COA Solutions, says, “Our partnership with Real Asset Management adds significant value to our financial management systems. We can now offer market-leading accounting software with a range of integrated fixed asset management solutions depending upon customer requirements, from our own public sector fixed assets accounting module through to the full RAM software portfolio. This includes accounting, asset, estates and equipment maintenance as well as work order labour tracking and job costing functionality.”
Karen Conneely, Group Commercial Manager from Real Asset Management plc, comments, “Fixed assets represent a significant investment for any organisation and so it is vital that assets are tracked and managed accurately and effectively. With our software integrated into COA Solutions’ FMS, users are provided with a sophisticated integrated solution to fulfil all their accounting and asset management needs, all from a single supplier.”
The RAM fixed asset software complies with International Financial Reporting Standards (IFRS), the Statement of Recommended Practice for Accounting and Reporting (SORP) and component accounting requirements.