Category Archives: General News
Considerations when choosing a CMMS provider
Installing a CMMS is a significant investment is time and funds; it is also an investment in a long-term relationship with a provider. When evaluating the strength of a solution provider, there are a few key points to consider. An …
Behind the positive outlook for 2013
A recent blog article entitled Businesses Are Getting Used to the Consistently Inconsistent Economy, which appeared on the HBR website, delves into the psychology behind the overall positive business outlook and consumer sentiment today in spite of an ongoing global …
Questions to ask when choosing a fixed asset software provider.
When researching Fixed Asset Software providers, the due diligence process need not be extensive but should be thorough. Spend some time analyzing your current and future needs, and use the following questions to guide you along the process. Who are …
Tips for a Seamless System Implementation
A project’s on-going success depends on a seamless implementation, and here at RAM we provide our clients with all the support and consultancy needed to implement a fixed asset solution. We have worked closely with numerous clients over the years, …
Software to streamline your workflow for maximum efficiency
“The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency.” – Bill Gates RAM’s …
The New Lease Accounting Proposal
On April 10th the FASB met to discuss the proposed revision of the lease accounting standard, and to address concerns as to whether or not the proposal would be too difficult for organizations to apply, posing difficulties to corporate auditors …
Spreadsheet Risks
In a recent article that appeared in the Wall Street Journal, there was an account of a spreadsheet error that skewed data which appeared in a 2010 paper published by two Harvard University economists. The professors’ erroneous findings that there …
FASB is looking for more feedback on proposed framework
June 21 marks the end of a public comment period regarding the proposed private company decision-making framework that the Financial Accounting Standards Board (FASB) and the Private Company Council (PCC) are developing. According to AccountingWEB.com, “The framework is intended to act …
Miscommunication: Small work orders could be falling through the cracks
In a previous blog post, we noted that CMMS is basically a communication tool where vital information is stored and transmitted across the platform. We also noted that, in spite of best-laid plans and a margin for human error, communication …
A quick look at the ‘parent/child’ fixed assets relationship
Fixed assets can often be part of a ‘parent/child’ relationship. This is a relationship where one or many fixed assets are dependent on another asset. The dependent assets are set up as a ‘child’ and the asset it depends on is the …
