GRP Fixed Assets is part of The Financial Management systems that automate and streamline all financial business processes for Dubai Government Departments, while providing a single accurate view of all financial information generated from the receivables, payables, projects and other sub-ledgers. They are built based on the Department of Finance policies and procedures, following the accrual base of accounting and including a standard chart of accounts. They allow for the consolidation of all Government Department Balances in one ledger.
The GRP Fixed Assets:

1-      Automates asset management;

2-      Simplifies related accounting tasks.

 
Business Processes and Functionality :
1-      Manual Addition  Processes
2-      Mass Addition  Processes
3-      Asset Transfer Process
4-      Asset Depreciation Process
5-      Adjust Asset Financial Information Process
6-      Asset Retirement Process
7-      Physical Count Process
8-      Mass Retirement Process
9-      Automated Assets Tracking Processes
 
This service is rollout out in 28 entities