Product Introduction Page

HUE Asset" is the best fixed asset system for the manufacturing industry.

This page introduces the functions and introduction results of "HUE Asset," a Japanese-made fixed asset management system for large companies that supports the complex management of fixed assets and construction in progress that is unique to the manufacturing industry.

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Peculiarities of Fixed Asset Management Operations in the Manufacturing Industry

(1) Requires communication with factories and worksites

In the manufacturing industry, there are often multiple factories across the country, and assets are purchased and disposed of at each site. Journal entries are required to record the movement of these assets and their impact on depreciation calculations. The more locations there are, the more time is often spent communicating with the field office to check the status of assets at each site and to scrutinize the reports. In addition, it is not uncommon for changes in assets to be omitted or not properly entered at the site, which can be a factor in the labor-intensive checks and adjustments required.

(2) Fixed assets are directly related to costs

In the manufacturing industry, accurate management of fixed assets is required because the depreciation cost of equipment and supplies related to the manufacture of each product is added to the manufacturing cost. For example, for assets that are inactive, it is necessary to reflect the treatment of changes in depreciation accounts or cessation of depreciation depending on the period of time. This is a special part of the manufacturing industry, which uses numerous pieces of equipment to produce goods.

Four key points for comparing fixed asset management systems for the manufacturing industry

(1) Can the system support "source input" where input is made from the worksite

In the manufacturing industry, fixed assets are acquired, retired, or moved at multiple factory locations, and if these accounting processes were to be documented and requested from the head office each time, it would require an enormous amount of labor. Therefore, it is necessary to support "source of occurrence entry," which allows input related to fixed assets even in the field. This will reduce the amount of time and effort required for on-site reporting, consolidation at headquarters, system processing, and communication with the field. In addition, since the personnel who make the entries in the field are not necessarily well versed in accounting, if the system can provide input items and operations that match the knowledge and skills of the field personnel, it will be possible to realize efficient accrual entry without confusion.

(2) Can the system efficiently process settlement of construction in progress accounts

In the manufacturing industry, it is also important to be able to efficiently process construction in progress accounts for manufacturers of metals, chemicals, and other industries that require complex manufacturing facilities. If the equipment is made in-house, it is necessary to grasp information on labor and material costs, and if the equipment is subcontracted, it is necessary to check quotations to grasp detailed details and organize them into asset units (construction in progress settlement). Although these tasks are often performed with Excel, it is necessary to consider whether to include them in the requirements, as they are areas where a system can achieve particularly large improvements in work efficiency and the elimination of gentrification.

See also: What is a Construction in Progress Management System? Explanation of features and benefits to check!

(3) Can the system handle actual retirement, idle, and increased depreciation

A requirement specific to the manufacturing industry, for example, is the "disposal of stored goods (tangible disposal)," which is the registration of scrap when manufacturing equipment is scrapped and subsequently purchased by a vendor. Being able to respond to such requirements is also important for fixed asset management in the manufacturing industry. It is also necessary to confirm how well the functionality can handle operations that occur in the manufacturing industry, such as"idle" when manufacturing equipment stops operating and depreciation is stopped , and"incremental depreciation," which increases depreciation expenses in accordance with the operating rate.

(4) Can the system efficiently perform actual inventory inspection of actual assets

Inventory physical inspection, which involves checking the actual assets, is a labor-intensive task due to the large number and variety of assets in the manufacturing industry. For example, by attaching labels to the actual assets and reading the labels with a barcode or RFID reader, inventory inspections can be made much more efficient.

 Benefits of asset inventory using smart devices For more information, please visit

Select a fixed asset management system that meets your company's requirements.

So far, we have introduced some of the points that tend to make a difference between different solutions when comparing fixed asset management systems. It is important to check these "points of difference" in detail and then select a solution that can solve your company's issues. HUE Asset, a fixed asset management system for large companies, covers a full range of functions to meet the special requirements of the manufacturing industry. This product can contribute to a significant improvement in the efficiency of fixed asset management operations for leases, construction in progress, and inventories. We continuously provide useful information related to system selection, such as examples of improvements in fixed asset management for asset management operations at major companies. If you are interested in our products, please download and check them out.

Product Introduction Page

HUE Asset" is the best fixed asset system for the manufacturing industry.

This page introduces the functions and introduction results of "HUE Asset," a Japanese-made fixed asset management system for large companies that supports the complex management of fixed assets and construction in progress that is unique to the manufacturing industry.

See More