Patchworks eCommerce iPaaS vs BTC Japan-specific Fixed Assets

Oracle NetSuite and Patchworks enable seamelss integration between NetSuite and ecommerce platforms like (but not limited to) Shopify, BigCommerce, commercetools, Adobe Commerce (Magento), Commerce layer, Shopware, and OroCommerce. Patchworks also integrates Netsuite with other retail systems such as PIMs, OMS, WMS, POS, CRM and CDP.

Normally, balance sheet and profit and loss statement only indicate the total amount of Building, Vehicles and Depreciation Expense. The corresponding breakdown can not be understood. By NetSuite unitary management system, our fixed asset management solution visualizes the calculation basis, such as the acquisition cost of each fixed asset, depreciation expense, disposal processing etc. In addition, it creates journals automatically from purchase to retirement of fixed assets and reflects the journals in the fixed asset register. However, the depreciation rate, useful life, depreciation method, account item, etc. can be set up freely. Depreciation, impairment and retirement processing of fixed assets are also automated. With this solution, acquisition of fixed assets is achieved at the time of preparing purchase orders, and fixed asset lifecycle journal is fully automated. Therefore, it is unnecessary to integrate data with "fixed asset module" and "other module" in customer's existing NetSuite.