Veri Asset is a PFMA, MFMA, Modified Cash Standard
(MCS), and GRAP-aligned asset management platform for South African
public entities and municipalities. Veri Asset is a product of
Afrovation (Pty) Ltd, headquartered in Brooklyn,
Pretoria.
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What Veri Asset does
Asset register — searchable, classified, GRAP-aligned fixed-asset register with location, custodian, condition, and useful-life tracking.
Physical verification — schedule cycle counts, capture Found / Missing / Pending results, and feed mobile field teams.
Asset-not-found investigations — automatic workflow for missing items with findings log, recommendation, and resolution.
PFMA / MFMA disposals — propose, approve, and execute disposals with PFMA references, accounting-officer sign-off, and proceeds capture.
Impairment reviews — record physical damage, obsolescence, market decline, useful-life reviews, and recoverable-amount workings.
PPE disclosure note — the Capital Assets Register Note for AFS, by asset class, with opening cost, additions, disposals, transfers, depreciation, and closing carrying amount.
AG-SA auditor access — time-bound, read-only access grants for the Auditor-General of South Africa and internal audit teams.
Who Veri Asset is for
National & provincial entities on the Modified Cash Standard — including SETAs, statutory bodies, and government departments.
Municipalities and metros on GRAP — switchable per entity, with the right depreciation defaults and disclosure templates.
Compliance posture
Veri Asset is designed for clean Auditor-General of South Africa
(AG-SA) audits. Every change is logged, financial postings preserve
historical values, and the asset register reconciles to the PPE
disclosure note used in the Annual Financial Statements.
Site map
Contact
Afrovation (Pty) Ltd
Brooklyn Bridge Office Park, 570 Fehrsen Street
Brooklyn, Pretoria, 0181, South Africa
Email: sales@afrovation.com
Telephone: +27 11 100 7700