Asset Management System

The SAP Integrated Payment System by Wasl IT Solutions is a comprehensive, enterprise-grade platform for managing 50+ financial processes with full SAP integration. Built on the SAP Fiori platform, it provides a secure, user-friendly, and scalable solution that ensures compliance, efficiency, and visibility across all financial operations.

Asset Management System

Gain complete control of your enterprise assets with Wasl IT Solutions’ Asset Management System—covering acquisition, maintenance, transfers, sales, and disposal.

Wasl IT Solutions’ Asset Management System (AMS) provides organizations with a centralized, automated platform to track, maintain, and optimize every asset—from purchase to disposal. Built for multi-branch, multi-company environments, it ensures efficiency, compliance, and transparency at every stage of the asset lifecycle.

Business Impact

Operational Control: Prevent asset leakage and improve traceability.

Cost Optimization: Better management of procurement, depreciation, and maintenance.

Compliance Readiness: Automated reporting for auditors and regulators.

Decision-Making: Real-time dashboards and reporting for asset performance.

1. Asset Acquisition & Definition

Create and approve new asset requests.

Multi-level approval chains for procurement.

Automatic barcode/QR generation and asset classification.

Direct integration with ERP (SAP/Oracle/Microsoft) for real-time updates.

2. Asset Tracking & Inventory Control

Centralized registry for all asset data (financial, legal, insurance, depreciation).

Regular asset inventory cycles with audit-ready variance reports.

Configurable asset locations and dynamic status updates (in-use, maintenance, scrapped).

3. Asset Maintenance

Preventive and corrective maintenance cycles triggered by requests or inspections.

Integration with internal teams or external vendors for service execution.

Detailed maintenance logs with cost tracking and history.

Automatic workflow routing to relevant managers and teams.

4. Transfers & Movement

Streamlined workflows for branch-to-branch transfers.

Controlled intercompany transfers within holding groups.

Approval-based movements with audit trails, ensuring accountability.

Automated updates to depreciation and financial ledgers.

5. Asset Sales & Disposal

Structured workflows for asset sales, scrapping, or write-offs.

Options for competitive bidding, direct sale, or internal movement.

Automatic updates to depreciation, valuation, and disposal records.

Full compliance with regulatory and internal governance policies.

Workflow Approvals: Flexible multi-level approvals for all asset transactions.

User Permissions: Role-based and request-level access control for security.

Audit Trail: Full transaction history and approval logs for compliance.

Data Management: Asset master data divided into classification trees, depreciation rules, insurance, and legal documentation.

Proven in Saudi Enterprises: Designed and tested for large, multi-branch holdings (e.g., Al-Kimam Holding).

Customizable: Adapts to each organization’s unique workflows and classifications.

Integration Ready: Works seamlessly with ERP systems for financial alignment.

Future-Ready: Scalable architecture that supports organizational growth and complexity.