Asset Valuer Pro
Asset Valuer Pro is the world’s leading solution to enable valuers, governments and individual entities, to deliver fully compliant valuations in accordance with the accounting standards while also delivering insurance valuations and asset management capability.
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Asset Valuer Pro extremely easy to use, intuitive, fully customizable and provides local governments, state and national governments, universities, not-for-profit organizations and large asset intensive companies with the ability to take total control over their valuations and asset management.
Through a ‘group licence’, it can also be used by Valuers-General and valuation firms to deliver valuations across multiple entities.
Methodology fully integrated with asset management framework to deliver renewal projections and strategic asset management modelling to simplify the development of asset management plans.
Fully compliant with all aspects of the thirteen plus accounting standards (whether based on IFRS or IPSAS) that drive valuations and able to deliver valuations using market, income or cost approach.
Ability to tailor your own degradation and consumption profiles to ensure the underlying assumptions used to deliver valuations are fully aligned with your actual asset management experiences and expectations. Whether that be a curve, straight-line or reducing balance, the choice is yours.
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Valuations are undertaken as a snapshot in time. If the valuation process is not undertaken as a stand-alone process, there is a risk of the valuation being corrupted by changes made to asset registers and asset management systems.
When undertaking a valuation, it is critical that changes made as part of the valuation process do not impact the live asset register data and likewise, that changes to the live data in client systems do not impact the valuation.
Asset Valuer Pro operates as a stand-alone system with no direct integration with your live system data. This ensures you can update key inputs such as dimensions, unit rates, condition, useful life assumptions or updates for additions or disposals as part of the valuation without having any impact on your live financial and asset management systems.
Likewise, that the valuation is not impacted by someone elsewhere in the organization making changes to your asset register which would otherwise change the values between your quality review and the audit review.
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Use our templates or create your own powerful asset hierarchy allowing you ultimate flexibility in the way you structure your asset and assumptions, to support asset management while also delivering financial reporting and insurance valuations.
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The asset hierarchy ensures that all assets are properly disaggregated down to ‘component’ and ‘part’ levels to ensure full compliance with accounting standards while also asset management planning at the ‘component’ level. ‘Components’ normally comprise ‘short-life’ and ‘long-life’ parts to enable compliance with PP&E standard.
Deliver full granularity with replacement cost, accumulated depreciation, current Value (CRC, MV or COV), depreciation expense, useful life and RUL auto-calculated by the system at asset level, component level and part level.
If disaggregation is not properly implemented at the ‘part’ level, depreciation expense is typically overstated by 25% - 60%.
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Our mobile data capture app allows any user, even with limited or no training, to quickly and easy capture all key details required an synchronise to the cloud app. This includes key attributes, GPS and photos.
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With free on-line access for auditors and over 60 in-built audit validations along with a range of reports and tools specifically built for the audit process, Asset Valuer Pro is optimised to make the audit process as smooth and easy as possible.
This includes a detailed auditor’s package and free email and phone support for auditors.
Key Benefits
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No more stressing about procurement processes and then waiting for valuers to schedule the work to only find out at the end that there are issues with the results, methodology and audit. With minimal resource requirements, you can schedule work, monitor progress, tailor the assumptions and deliver the complete package at a fraction of the cost of using external valuers. And if late changes are needed, such as an impairment event or audit issues, you can quickly make the changes and re-issue all reports immediately.
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Rest assured that irrespective of the underling accounting standards, Asset Valuer Pro is designed to fully comply with all relevant accounting standards requirements (including full disaggregation into the different parts with a different useful life) and deliver all necessary reports and financial statement disclosure information. Whether it be IFRS, IPSAS or GASB, Asset Valuer Pro is already deigned to deal with the slight nuances in approaches. This includes the new IPSAS Current Operational Value approach.
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Whether you have extensive experience with valuations and asset management or starting out for the first time, Asset Valuer Pro can be used by anyone. You can either use our vast array of templates as a starting point (where all you need to do is provide the basic data) or develop your own more sophisticated hierarchy and assumptions. Fully supported by an extensive range of guidance videos and material our on-line team of valuation experts who can guide you through the process.
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With Asset Valuer Pro integrated mobile data capture app you can work offline and then seamlessly synchronize data between Asset Valuer Pro and your iPad when connected back to internet. Capture data, images and GPS co-ordinates and simply click the synchronize when back online.
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The system has been designed by international valuation experts with audit backgrounds and developed with a range of tools and processes to make the external audit process extremely smooth, easy and quick. This includes automatic validation tools, filters to identify issues and a detailed audit and methodology guide that address the audit assertions and other information required by audit.
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Value-for-money has always been important but now is more critical than ever. Asset Valuer Pro, while providing full compliance and saving significant time also delivers savings in valuation costs of up to 90%. Once an initial valuation is completed, subsequent valuations only need an update of additions, disposals, changes in condition and updates to key assumptions.
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Whether you just want to undertake a single one-off valuation, you want to use the system for some or all of your asset classes, utilize the strategic asset management functions or you are a valuation firm or government who has a portfolio of different clients and wants consistency, Asset Valuer Pro provides an appropriate solution. You can use default framework and assumptions or tailor your own to mirror your asset management planning assumptions. Asset Valuer Pro staff can even set your valuation up for you based on your supplied data.
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In addition to delivering the valuations, Asset Valuer Pro also delivers a wide range of asset management capability based on the same data and same assumptions. Automatically produce a 10, 30 of 50 year renewal projection or use the EasySAM strategic asset management modelling tool to develop an optimised Asset Management Plan.
Frequently Asked Questions
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If you are a public sector of not-for-profit sector entity and are required to revalue your assets to current or market value then Asset Valuer Pro is the perfect solution for you. Whether your prescribed requirements are based on IFRS, IPSAS or GASB standards, Asset Valuer Pro will enable you to quickly and easily deliver fully compliant financial reporting valuations.
Even if you are a private sector company and asset intensive, it will also deliver extensive asset management information to assist the board make better and more informed decisions.
Additionally, it also provides any entity with extensive strategic asset management modelling capability through its EasySAM strategic asset management modelling tool.
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Asset Valuer Pro is a cloud-based application supported by internationally recognised experts. It does not matter if you are in UK, Europe, Middle-East, Africa, America, Australa, New Zealand, the pacific or anywhere else. We can provide full support and onboarding based on your specific needs.
We have previously delivered programs for countries implementing IPSAS accrual accounting and as a result have exceptional levels of knowledge and tools that can be leveraged to make the implementation process smoother and easier.
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Yes. Get started now with a free, fully featured 30-day trial of Asset Valuer Pro using a demonstration database, no credit card required. Or schedule some time to talk with one of our experts and they will show you exactly how Asset Valuer Pro can simplify your asset accounting and valuation needs.
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Asset Valuer Pro is fully flexible meaning that the cost will depend upon the size of the organisation and its associated asset portfolio and whether the use is for a single entity or for ‘group’ use (whole of government, Valuer-General or valuation firm). Pricing is very affordable and is usually 30% - 90% lower cost than the cost of using external valuers.
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That depends on the capability of your team, size and complexity of your portfolio and quality of existing asset hierarchies and data. For most of our customers getting fully up and running with Asset Valuer Pro only takes from a few days up to a few weeks – that includes getting to know the system, creating your frameworks and importing your asset data.
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Our Onboarding team helps you with all aspects of getting started with Asset Valuer Pro and we are happy to tailor the onboarding package to your exact needs. An onboarding package may include help on setting up the framework, importing data or providing technical training on accounting standards requirements. At times, it can also entail extensive multi-year programs designed to build complete asset accounting frameworks associated with the implementation of accrual accounting across the whole of government.
According to Asset Valuer Pro’s Onboarding team: “With over 30 years delivering public and not-for-profit sector financial reporting, we have delivered valuations for over 2,500 entities under both IFRS and IPSAS with none ever failing audit. With this background, we can solve the questions and issues right away and show the new users the best way to undertake their valuations while ensuring full compliance and minimizing audit issues.”
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Yes you can. In fact we strongly recommend importing your existing valuations so that you can demonstrate to audit that your have completely and accurately imported your previously audited valuation into Asset Valuer Pro.
Note, that due to potential change in methodology and algorithms, the associated current values calculated under the cost approach will most likely differ. For the cost approach, it is recommended that the replacement cost be reconciled rather than the current value.
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There’s a ton of useful support guides and videos available at our Help Section as well as ready to use templates. We also have a dedicated Customer Support team in place that is happy to help you with any questions – feel free to email them, or if you’d prefer to have a chat with one of our Support Specialists, you can request a web meeting via email.
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Most new users will not need any more help that what’s already provided in the range of guides and videos in the Help Section. However, if you desire a more hands-on and tailored implementation please contact our implementation team and will arrange a web meeting to discuss your needs and develop a suitable implementation strategy.
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If you have any questions about Asset Valuer Pro or the sign-up process please send us a note. We look forward to hearing from you!