Financial Asset Management Software Key Terms
Invest your time in learning these key terms for financial asset management softwareFinancial asset management software helps business owners collect and track equipment and parts as well as monetary assets. As business owners know, simple to use software can help them save time and money by permitting them to store, catalog and retrieve the information. Financial asset management software can help manager evaluate how the assets are being used by creating reports as well as help them plan for future needs. As you investigate the different packages on the market, it might be helpful to understand a few key terms.
DepreciationDepreciation is a term that is used to describe the reduction of the value of an asset due to usage, wear and tear, obsolescence or other factors. It is usually used by accounting departments when dealing with assets that have a short fixed service life. Some financial asset management software can track depreciation.
DisaggregationDisaggregation is the breaking up of a total number of assets into smaller parts or units which permits easier handling and management. Some financial asset management software can track disaggregation if needed.
Negotiable instrumentA negotiable instrument is a type of contract for the payment of money and can be transferred by negotiation. Some examples are checks, banknote or paper money. Financial asset management software can keep track of negotiable instruments.
REPOA REPO or repurchase agreement permits a borrower to use a security as collateral for a cash load usually at a fixed rate of interest. It is considered equivalent to a cash transaction. The transaction results in a transfer of cash to the borrower in trade for the transfer of a security to the lender. Financial asset management software can track REPOs.
Global custodyGlobal custody refers to the capability of financial asset management software to process securities and service associated portfolios across borders safely and securely.
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