Case Study: Developing an Asset Management System in Swaziland

Company: Ngwenya Glass

Industry: Hand-made Glass Manufacturing

Summary:

Ngwenya Glass, a leader in hand-made glass manufacturing, faced challenges managing their diverse portfolio of assets. To overcome this challenge, we developed a custom asset management software specifically for Ngwenya Glass. The software improved asset tracking, reduced the company's tax liability through accelerated depreciation, and increased efficiency. As a result, Ngwenya Glass is better equipped to manage its assets, operate efficiently, and position itself for continued success.

Background:

For many years, Ngwenya Glass has been a leader in hand-made glass manufacturing. The company boasts a diverse portfolio of assets, including short-term assets such as raw materials and long-term assets like glass-making equipment and vehicles. However, as the company continued to grow, effectively managing these assets became increasingly challenging.

Solution:

To overcome this challenge, we developed a custom asset management software specifically for Ngwenya Glass. The software enables the company to categorize its assets as either short-term or long-term and track their depreciation. It also helps the company take advantage of accelerated depreciation, a tax-saving strategy where a higher amount of depreciation is claimed in the first year of an asset's life, reducing the company's tax liability.

Results:

Since implementing the asset management software, Ngwenya Glass has seen a number of positive outcomes, including:

• Improved asset tracking: The software makes it easy to track and categorize all assets, including raw materials, glass-making equipment, and vehicles.
• Tax savings: By taking advantage of accelerated depreciation, the software reduces the company's tax liability and frees up resources for other important tasks.
• Increased efficiency: The centralized database makes it easy to track asset depreciation and plan for replacement, reducing the time and effort required to manage assets.

Conclusion:

As a leader in hand-made glass manufacturing, Ngwenya Glass is now even better equipped to manage its assets thanks to the custom asset management software we developed. The software ensures assets are operating at peak efficiency, reduces the company's tax liability, and positions Ngwenya Glass for continued success in the future.