Access information from a single secure location that’s never out of date.
CATS Enterprise Asset Management can help each department in your organization make better decisions faster, by providing access to information from a single secure location that’s never out of date.
Project Accounting and Finance
A critical problem for Project Accounting and Finance departments is an audit mismatch with warehouse and operations inventory, which in turn can lead to incorrect budgeting and reporting. Left undiscovered, you run the risk of creating financial regulatory issues for the organization and executives who sign off on the reports.
The solution is to move to an automated system that works side-by-side with your existing finance and ops systems. CATS automatically collects and synchronize real-time field inventory data with your existing finance and ops systems’ records.
Operations and Engineering
The key issue facing Operations and Engineering is unexpected, expensive planning errors – both in initial build-outs as well as in ongoing operations. Typically, these problems stem from inaccurate financial reports based on incomplete or out of date information.
The solution is to use CATS to get visibility on the current state of the business. CATS provides accurate, real-time field inventory information – so you can cross-check progress each step of the way and avoid costly planning errors.
Planning/Supply Chain departments often experience problems producing accurate financial reports or planning docs from existing enterprise systems due to inaccurate field data collection. The CATS solution helps you regain control.
CATS’ automatic rules can trigger new orders based on real-time stockage reports direct from the field. This reduces manual tracking and improves accuracy significantly.
Our corporate survey indicates that IT departments often experience problems stemming from inaccurate financial reports generated by existing enterprise systems. In many cases, these financial reports do not accurately calculate depreciation nor do they track equipment warranty status correctly.
The CATS solution, in contrast, gathers real-time data, by querying hardware electronically, to track which gear is to be upgraded or retired. This automated approach not only saves countless hours of manual inventory tasks, it can also uncover hidden inventories of assets which may be held as “unofficial” spares.
Today’s rigorous reporting requirements for public companies provide new incentives for ensuring accurate reports (in the form of onerous penalties for incomplete/inaccurate data). As you are no doubt aware, these certifying documents, which require an executive signature, are calculated from numerous individual contributions from finance, operations and planning departments. How can you be sure the rolled up reports are sufficiently accurate to put your name on them?
The CATS solution helps put business executives’ minds at ease by providing best-practice, justifiable reports across the organization, giving you confidence when signing your name to documents, such as Sox 404 required statements.