The design parameters ranged from basic management principles such as identifying and tagging, physical location, value, and utilization to the requirements as stipulated in the Public Finance Management Act of 1999 (PFMA). Since it was developed locally, it can be adapted to suit specific client requirements.I.A.M.S® is a unique system that provides users with the full spectrum of all the requirements set by Acts and accounting policies for proper asset management and at the same time getting their asset catalogues ready for e-procurement or e-business when required.

Assets are identified and barcoded, together with their location and linked to occupant details and client specific infrastructures such as cost centre, financial and current location codes. This ensures the implementation of asset verification procedures or stock-taking in a very short time. This can be done per department, per location, per cost center, per asset class, or per asset number, depending on the requirement.

The system allows assets to be scanned with the use of the “Off-Line tool”. The “Off-Line Tool” enables inventory listing to be printed for each location. The inventory listing can then be signed by the responsible person as acknowledgment of the contents of that location.

I.A.M.S® produces a range of standard reports, and user-specific ones can also be generated by the report writer and data extract tool if required.