OIM to Fixed Asset Management Integration for Capital Expenditure

You can automatically create a fixed asset record whenever Order and Inventory Management posts a purchase invoice (PIN) for a capital equipment purchase order line to Accounting. This reduces the amount of manual data entry required, including the instances of errors that could occur when manually creating fixed assets.

When Order and Inventory Management posts a PIN for an accounts payable (AP) voucher related to capital equipment purchase order line, Order and Inventory Management publishes a message containing the equipment procurement details. Fixed Asset Management subscribes to this message and creates an asset record with a status of "New" for each piece of capital equipment. This occurs only if the Is Capital Equipment checkbox on the AP voucher line is selected. This checkbox is selected by default.

Order and Inventory Management – Accounting Connector

As part of the OIM to Fixed Asset Management integration for Capital Expenditure, Order and Inventory Management – Accounting Connector triggers the population of the associated purchase invoice posting date field on the Order and Inventory Management AP voucher line when the purchase invoice is posted to Accounting.

Note: You must enable the OIM to FAM for Capital Expenditure Feature Console feature before you enable the FAM Capital Expenditure Integration feature.