Developed in South Africa for South Africa
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 which 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.
Barcode, track and allocate assets
Assets are identified and bar coded, together with their location and linked to occupant details and client specific infrastructures such as cost centre, financial and current location codes. This ensures implementation of asset verification procedures or stock taking in a very short time. This can be done per department, per location, per cost centre, per asset class or per asset number, depending on the requirement.
UNSPSC Cataloguing process
Another huge advantage is that during the cataloguing process the assets are also classified according to the Universal Standard Product and Services Classification (UNSPSC). This enables the user to integrate with electronic market places and communicate on a global basis, when the opportunity arises.
Offline tool availability
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 acknowledgement of the contents of that location.