ORPINGTON, ENGLAND,
April 26, 2017 /PRNewswire/ --
Textainer, a leader in the intermodal container leasing
industry, has selected software from Real Asset Management (RAM) to
manage its fixed assets in accordance with US GAAP and IFRS
regulations.
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Textainer decided to replace an older system with RAM's software
to accommodate growth and to comply with processes that had changed
over time at the company. Gregory
Coan, Chief Information Officer at Textainer comments, "Our
previous solution was written in-house 13 years ago. While it has
served us well, our fleet size has grown dramatically and the
dynamics of our business have evolved. This led us to the purchase
of a new, specialist tool that can be tailored to our requirements
and that delivers crucial functionality when it comes to fixed
asset management."
The solution provides a platform to manage the fundamentals of
asset accounting whilst also helping towards compliance with all
financial directives. It enables organisations to meet IFRS and US
GAAP regulations, including the upcoming IFRS 16 lease accounting
rules that were agreed between the IASB and FASB and that will
become effective in 2019.
"Textainer was familiar with RAM as it previously provided
software to Amficon, a company we acquired in 2009," Coan
continued. "Our work with RAM during the migration of that fleet
into our systems contributed to the confidence we had in engaging
them for this requirement."
Headquartered in Bermuda,
Textainer operates via a network of 14 offices and 400 depots
worldwide. With a fleet of over 3.2 million TEU, it supplies more
than 400 customers including some of the world's largest shipping
lines.
Real Asset Management (RAM) is a leading
provider of fixed asset management and intermodal software &
services. Over the last 30 years, its products have been
implemented by more than 3,000 organisations in over 70
countries.
The company has developed a powerful range of software modules
around a central data repository that enables organisations of any
size to manage every aspect of the asset lifecycle. Its Series4000
solution offers fixed asset accounting, capital project control,
lease accounting, asset budgeting, asset tracking (utilising
barcode/RFID/NFC technology) and computerised maintenance
management.
In the intermodal transport sector, RAM Intermodal Software
offers specialist software, providing sales, marketing, operations
and finance teams with a complete set of tools for managing the
processes involved in international tank operating and container
leasing.
For further information, please
contact:
Nicola Byers
Real Asset Management
Tel: +44-(0)-1689-892153
Email: nbyers@realassetmgt.com
SOURCE Real Asset Management