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
