Run your fixed asset register the way the Big Four wish their clients did.
Osolix is the intelligent, audit-ready platform connecting finance and operations across the full asset lifecycle — from CAPEX budgeting and acquisition through the fixed asset register, CWIP, depreciation, inventory, maintenance, leases, fleet, capital projects, facilities, and disposal — with Osolix AI agents that help your team work faster.
ISO 27001 Aligned IFRS / IAS 16 / IFRS 16 US GAAP (ASC 360 / 842) ISO 55000 / 41001
What you get on day one
One platform. Every asset workflow.
Built top-down against the FAR template, IFRS lifecycle, and the audit walkthrough — then layered with online AI on the parts where reasoning beats rules.
Lifecycle on one spine
CAPEX → CWIP draw-down → capitalisation → tagging → maintenance → verification → retirement — every stage linked bidirectionally with a complete audit trail.
39 registered Osolix AI agents
AI that suggests, never decides. CAPEX, Maintenance, Retirement, Invoice Extractor, Asset Classifier, Osolix AI Chat — each bounded by accept / edit / reject. Works online and offline.
Premium dashboards
NBV decay forecasts, movement tables in FS format, audit readiness score, fraud red-flag analytics. Nine role-specific layouts included out of the box.
No-code master data
Categories, useful-life tables, chart of accounts, custodians, locations — all admin-driven with Excel bulk upload and full audit-logged change history.
Tag everywhere, scan anywhere
QR · Barcode 1D/2D · RFID LF/HF/UHF · NFC · BLE. Tag Designer, sequential serial generator, room QR codes, RFID gateway support.
ERP-friendly, ERP-optional
Pre-built packs for Oracle Fusion, SAP S/4HANA, Dynamics 365, NetSuite, QuickBooks, Sage, Odoo, Workday. Or run standalone — no ERP required.
End-to-End Enterprise Governance
The Complete Asset Lifecycle
One unified platform synchronizing the financial balance sheet, physical field custody, and operational maintenance across all 12 stages.
04
Stage 4 of 12 · Strategic & Financial
Capital Work-in-Progress (CWIP)
CWIP CapitalizationCapital Project Management
Business Process
Accumulation of multi-source equipment, contractor milestones, installation expenses, and interest during construction.
Osolix AI Decision Support
Cost overrun predictive warnings and milestone variance alerts.
Financial & Accounting Impact
IAS 16 / ASC 360 CWIP accumulation; non-depreciable asset staging until ready for intended use.
Job-site milestone sign-offs, subcontractor punch list tracking, stage inspections.
Tamper-evident custody audit trail captured at source
Tip: Click any stage above to inspect its accounting entries, physical custody controls, and AI triggers.
Solutions
10 solutions on one platform — pick what you need.
Every solution is independently buyable — buy one, mix any combination, or all 10. Each ships with Osolix AI, native mobile, audit log, Workflow Designer, and ERP integrations tuned to that workflow.
Explore authentic data flows and financial controls across core Osolix modules.
FAR-2026-0842 · Chiller Unit #3 (Centrifugal 450 Ton)Active · In Service
Building B · Plant Room 02 · Cost Center: Operations-Facility (CC-4100)
Tag: RFID-960-A492
IFRS / Financial BookMethod: Straight Line
Gross Capitalized CostAED 420,000
Useful Life15 Years (180 Mo)
Salvage Value (Estimated)AED 21,000 (5%)
Accumulated DepreciationAED 53,200
Net Book Value (NBV)AED 366,800
Tax / Statutory BookMethod: MACRS 7-Year
Tax Cost BasisAED 420,000
Tax Class Period7 Years (Accelerated)
First-Year AllowanceAED 60,018 (14.29%)
Tax Accumulated Dep.AED 162,498
Deferred Tax LiabilityAED 9,836 (Temp Diff)
IAS 16 Component Breakdown
Component
Cost Allocation
Useful Life
Depr. Rate
Monthly Depr.
Centrifugal Compressor Assembly
AED 210,000 (50%)
12 Years
8.33% / yr
AED 1,458
Evaporator / Condenser Shell & Tubes
AED 140,000 (33.3%)
20 Years
5.00% / yr
AED 583
VFD & Control Automation Panel
AED 70,000 (16.7%)
8 Years
12.50% / yr
AED 729
OSOLIX FOR EVERY SECTOR
One platform. Every asset-heavy industry.
Osolix is full-stack Enterprise Asset Management — not just maintenance. Depreciation, IFRS 16 leasing, CAPEX → CWIP → capitalisation, audit trail, multi-entity consolidation, retirement and disposal workflows, and audit-grade evidence — all built into a single tenant-isolated platform. That breadth means the same Osolix install fits the operating reality of every sector below.
Energy & Utilities
Renewables, oil & gas, power generation. Track wind turbines, solar arrays, generators, and grid assets through every stage — from CAPEX request to capitalisation, condition-based maintenance, and ISO 14224-aligned reliability reporting.
ISO 14224 reliability data
CAPEX → CWIP capitalisation
IFRS 16 leasing
Sovereign-cloud option
Healthcare & Medical Devices
Hospitals, clinics, labs, and pharma. Document the full lifecycle of medical equipment — calibration history, biomedical inventory, IFRS 16 leases for MRI/CT, custodian acknowledgement, retirement and salvage tracking — with PDPL/HIPAA-aligned controls.
Calibration register
IFRS 16 lease accounting
Custodian chain
Audit-grade evidence
Real Estate & Property Management
Multi-property portfolios, REITs, building owners and operators. Run a single Fixed Asset Register across every site — building components, FF&E, building systems — with IAS 16 component depreciation, IFRS 16 lessor + lessee accounting, and per-property CAPEX programs.
Component depreciation (IAS 16)
Per-property CAPEX
IFRS 16 lessor/lessee
Revaluation cycles
Public Sector & Government
Ministries, municipalities, defence, public utilities. GASB 87 / IPSAS-aligned depreciation, multi-entity consolidation across departments, periodic verification rounds, FOIA-ready audit trail, and a sovereign-cloud option for jurisdictions that require in-region data residency.
GASB 87 / IPSAS
Multi-entity consolidation
Periodic verification
Sovereign cloud
Agriculture & Agribusiness
Farms, plantations, food processing. Manage equipment fleets across remote sites with offline mobile, schedule preventive maintenance against seasonal cycles, and capitalise irrigation + glasshouse builds through CAPEX→CWIP—then depreciate by units of production for harvested-volume assets.
Offline mobile field ops
Units-of-production depreciation
CWIP for site builds
GPS-tagged registers
Manufacturing & Heavy Industry
Plants, production lines, distribution centres. Wire OEE telemetry into the asset register, run condition-based PM in line with production schedules, capitalise tooling builds via CWIP, and depreciate per shift — with multi-book accounting for IFRS + tax + management views.
OEE + condition-based PM
Multi-book depreciation
Spare-parts inventory
Per-shift accounting
Education (K-12 + Higher Ed)
Schools, universities, research labs, donor-funded programs. Track every classroom IT asset, lab instrument, sports kit and campus vehicle with QR codes, surface donor-funded grants in a separate sub-ledger, and produce board-grade depreciation reports across multi-campus hierarchies.
Multi-campus hierarchy
Donor-fund sub-ledgers
QR/RFID inventory
Custodian per teacher
Construction & Civil Works
EPCs, site contractors, infrastructure operators. Run a single equipment register across rotating project sites with GPS + transfer workflows, separate rented vs owned plant, capitalise project costs through FAR, and feed depreciation into per-project P&L for accurate margin reporting.
Per-site transfer workflow
Rented-vs-owned plant
CAPEX → project capitalisation
GPS + RFID tagging
Hospitality & Hotels
Hotel groups, resorts, branded operators, vacation rentals. Track room-level FF&E with per-room QR codes, schedule refurbishment cycles tied to occupancy, account for branded-property leases under IFRS 16, and run retirement workflows for refresh-and-replace programs.
Per-room FF&E register
Refurbishment cycles
IFRS 16 branded leases
Retirement & disposal workflow
Maintenance is one feature, not the whole story. Osolix runs the full asset lifecycle — from CAPEX request through capitalisation, depreciation, verification, maintenance, and retirement — on a single multi-tenant spine.
Built for groups whose finance team has to sleep at night.
Osolix ships with the controls a Big Four audit walkthrough actually tests — segregation of duties, immutable audit trail, ITGC scope, and a fraud red-flag suite tuned by a CFE.
ISO 27001 controls
Encrypted credentials at rest, per-organisation data isolation enforced on every request, RBAC and segregation of duties.
IFRS + US GAAP dual-stack
IAS 16 componentisation, IFRS 16 / ASC 842 leases, IAS 36 impairment, IFRS 5 held-for-sale — all togglable per book.
Internal audit ready
Every state change logged who/what/when/why. Audit Readiness score on the home dashboard plus risk heatmap on every asset.
Air-gap deployable
AI mode flag flips to Offline — Osolix AI agents continue using tenant rules + k-NN. No outbound calls. Sovereign-cloud compatible.
See per-standard compliance mapping →ISO 27001 · SOX 404 · SOC 2 · IFRS 16 · IAS 16 · IAS 36 · IFRS 13 · US GAAP · GASB 34 · ISO 55000 · GDPR · PDPL · ISO 9001 · WCAG 2.2 AA
Ready to retire the Excel FAR?
Book a 30-minute walkthrough with a finance + technical engineer. We'll show you a live tenant on your sample data and stand up a sandbox the same week.