Product Updates

ASAP Systems Launches New Depreciation Feature Enabling its Customers to Develop Custom Formulas to Calculate Depreciation of Their Fixed Assets Inventory

ASAP Systems ( Launches New Depreciation Wizard Feature for its Asset Tracking Application, Passport Assets, Enabling its Customers to Develop Custom Formulas to Calculate the Total Depreciation of All Their Fixed Asset Inventory.

San Jose, CA (June 23, 2009)—ASAP Systems today announced the release of a depreciation wizard feature for its Passport Asset barcode and RFID-based software application.  This new feature will enable its customers to develop custom depreciation methods to calculate the total depreciation of all their fixed assets over a specified period of time.  This feature will enable ASAP Systems’ customers to create their own depreciation schedule or method with three or four clicks of the mouse.  ASAP Systems’ customers, especially those who integrate Passport with an accounting application such as QuickBooks, can maximize the benefits of this feature.

“In addition to the standard depreciation formulas available in our fixed asset tracking application, we now have given our customers the flexibility to create their own through a wizard-driven process.  To meet the versatile requirements of our customers, we quickly realized that it was essential to give them the freedom of self-customization for their diverse depreciation needs.  As the accounting laws change, businesses must adapt promptly to maximize the benefits and to be in compliance. We have enabled our customers to do just that,” says Elie Jean Touma, president and CEO of ASAP Systems.

Mike Bruno
Vice President of Business Development

Phone: 408-960-7349
About ASAP Systems:

For more than 20 years, ASAP Systems has been providing proven solutions for automated data collection and tracking of assets, items and inventory to some of the world’s premier enterprises in virtually every major industry.  ASAP Systems brings tremendous depth in consultative solution expertise and an exceptional, combined solution of software and barcode equipment to companies looking to manage the inventory aspects of their business.  ASAP Systems is in a continual state of research and development, bringing only the very best to our customers, and carefully testing and proving new technologies as they emerge to ensure that they can meet the real-world demands of our customers.  Through many years of experience with a vast range of unique customer requirements, ASAP Systems has developed an unmatched expertise in customizing solutions to fit almost any budget, technical or user requirement and in providing systems which are extensible enough to grow and change with an organization. The number one goal at ASAP Systems from sales through technical support is customer satisfaction— guaranteed.


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Filed under: Asset Tracking, Passport, Press Releases, Product Features, Uncategorized


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