Explore Veri Asset's full capabilities: asset register, mobile physical verification, asset-not-found investigations, PFMA-aligned disposals, impairments, and automated PPE disclosure notes.
End-to-end asset lifecycle for South African public-sector entities, in one platform.
Searchable, classified, GRAP-aligned fixed-asset register with location, custodian, condition, useful life, and carrying-amount tracking. Categorisation defaults adapt to the reporting framework of each entity (Modified Cash Standard for national/provincial entities, GRAP for municipalities).
Schedule cycle counts, scope by location or category, and capture Found / Missing / Pending results from mobile field teams. Items flagged as Missing automatically open an investigation.
Workflow for missing items: assignment, findings log, recommended action (recover, write off, refer for disciplinary), and final resolution. Auditor-General reviewers can read the full trail.
Propose, approve, and execute disposals with PFMA reference codes, accounting-officer / municipal-manager sign-off, method (sale, auction, donation, transfer, scrap, write-off, trade-in), and proceeds capture.
Recognise impairment for physical damage, obsolescence, market decline, useful-life reviews, or usage change. Recoverable amount workings, revised useful life, narrative, and reviewer captured against the asset.
The disclosure note used in the Annual Financial Statements: opening cost, additions, disposals, transfers, depreciation, and closing carrying amount per asset class.
Time-bound, read-only access grants for the Auditor-General of South Africa and internal audit teams.