The challenge in fixed asset migration for a Merged or Acquired entity is the differential treatments in local GAAPs and this blog tries to find a solution to this challenge. In a global scenario where multiple GAAPs are involved and the volume of assets is quite high, compliance to corporate policies and local GAAP is critical and solution should be scalable and effective to address this requirement within the realms of the ERP, not going overboard and most importantly the solution should be simple, yet reusable across entities. The solution should evolve over time with constant improvements for a better user experience with a clear roadmap and approach. Any proof of the solution is on its success and its usability to the organizations and hence solution should be tested in real-time across multiple scenarios to identify exception scenarios and improving on the exceptions. Read the blog to know more.
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