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Modernise Your Asset Management with Invest for Excel
August 19, 2016
Asset management is the practice of managing a client’s investments on their behalf. A financial services company or investment bank will be put in place to effectively manage a company’s portfolio of assets and investments. Assets can apply to both tangible (buildings etc.) and intangible (capital etc.) products, intellectual property and other financial assets that a business or person may have.
An Asset Mangers goal is to improve and grow a client’s portfolio, they do this through determining which investments they should make on behalf of a client. They also look into ways to maximise current assets and how to make them more reliable, efficient or cheaper.
In order to do this, they need the right tools at hand. This means they need to be able to use asset accounting methods, evaluate current finances, look at current production and operation management and anything else relating to your current, or future assets.
If you’re unsure how to manage your assets, then Invest for Excel can help you to manage your assets in the following ways.
Improve Asset Maintenance
To effectively manage assets, you need to be able to ensure they are regularly maintained at a moment’s notice. As Invest for Excel integrates completely with your existing financial systems you can see exactly how assets are performing for the business.
Fail to maintain your assets properly with regular maintenance and you could be missing out on opportunities to capitalise, or even fail to see that you’re losing money, not making it. Casting an eye over your assets on a regular basis will mean you aren’t leaving anything to chance.
Comprehensive Planning
Far too often companies rely on generic templates and pre-set formulas to conduct their planning, but this means that things can often be missed and that reports aren’t bespoke enough to truly reflect the state of financial affairs.
Incorporating Invest for Excel into your asset management strategy can provide you with tailored reports, which shows data from the different sectors of your business and how each is performing.
Track Investments
If you are investing large amounts of money, then you want to be able to track how they are performing at any given time. Through integrating all your capital reporting into one platform you can easily plot investments against each other and compare the return and profit and loss.
Managing investments is all about managing the risk effectively, so it’s essential to ensure you keep on top of your portfolio to reduce risk and maximise the return available. You can reduce any risks by assessing and identifying investment issues.
Streamline your Software
Too many cooks spoil the broth, and the same goes for the software you use to manage your finances. Invest for Excel can be used for a diverse range of financial modelling areas; capital budgeting, valuations, business planning, profitability calculation and strategic planning.
To be able to effectively take control of your investment portfolio you need to be able to see how each sector is performing against one another and when compared to other areas of the business. As Invest for Excel integrates into your existing systems, comparing different data sets is a less stressful process.
Avoid Mistakes
Mistakes cost money and when the stakes are high you certainly want to avoid missing something which could cost you financially. Using a reliable platform to keep on top of your investments, you’ll reduce the chance of mistakes being made as you’ll be able to track your investments at any given time.
To check you aren’t making mistakes you need to be able to check the return on each investment and compare this against a benchmark. Benchmarks are standards you set to put your investments performance in to context. You can then compare performance against other similar market investments to gain a true idea of just how your asset is performing in the wider environment.
Secure Investments
When dealing with large amounts of money you want to ensure that your investments and asset portfolio is completely secure, free from the risk of tampering or miscalculations. The basic Excel packages can be prone to errors, so choose a secure management tool such as Invest for Excel which protects against modifications.
Invest for Excel can give you complete peace of mind that your investment is as secures as it can be. Calculations will always be correct, enabling you to easily compare investments without the worry that calculations may be incorrect.
If you choose to use Invest for Excel to revolutionise how you manage your assets, it’ll be a step you won’t regret.