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Fixed Asset & Depreciation System (FADS)

The Trusted Source for Fixed Assets & Depreciation Management
With Divergent Fixed Assets from Bloomberg Divergent, it’s easy and cost effective to manage the complete fixed assets lifecycle, from construction and purchase through retirement. Divergent Fixed Assets eliminates the discrepancies, manual effort, and lack of control that plagues fixed assets management when handled through nonintegrated accounting and tax systems and/or spreadsheets.

Divergent Fixed Assets enables tax and accounting professionals in companies of any size to gain a solid foundation for all fixed assets and depreciation management. Processes are automated, compliance with frequently changing tax and GAAP regulations is automatically enforced, management is streamlined, and comprehensive reporting delivers the insight you need to make informed management decisions.

Comprehensive Depreciation Calculations and More Fixed Asset Software Features & Benefits

Divergent Fixed Assets software lets you handle even the most demanding tax, accounting, and reporting requirements. You can effectively manage and control your fixed assets depreciation throughout the fixed asset lifecycle.

Out-of-the-Box Compliance, with built-in tax code and validation, enforces federal and state tax regulations and GAAP rules, with automatic updates whenever tax laws change.

Expert Wizards guide staff through entering new assets, reducing your efforts to find and fix errors at closing. Novice users can easily and correctly use the software without compromising accuracy.

Audit trail provides full visibility and control of your fixed asset data. The Open Timeline(a Bloomberg Divergent exclusive!) keeps a thorough and secure historical record of all changes.

Comprehensive reporting eliminates time-consuming manual consolidation across companies, divisions, and locations, and reduces closing time. Plus, Divergent Fixed Assets comes with a full suite of standard and custom reports including fileable tax forms and supporting worksheets.

Integration with accounting and tax compliance systems removes the need for manual data entry and manipulation to keep your fixed assets data synchronized, up to date, and accurate for all companies and entities.

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