Fixed asset integration

  • Release version: Xanadu
  • Updated August 1, 2024
  • 1 minute to read

    • Fixed assets are created automatically in Source-to-Pay (S2P) on creation of a purchase order, when capitalization policy criteria are satisfied, and synchronized to the ERP system asynchronously.

    The following fields are added in the Fixed Asset table to integrate with the ERP systems:
    • Depreciation lifecycle
    • Depreciation term
    • Salvage value

    Whenever the Depreciated amount, Remaining value, and Salvage value fields are updated in the ERP system, depending on the depreciation term defined in the ERP, the values are synced back to S2P for the corresponding fixed asset. A configurable scheduled job Fetch Fixed Asset Details defined in S2P determines the frequency to retrieve this data from the ERP system.

    For more information on automatic fixed asset creation, see Fixed asset creation.