Guiding Local Government through financial reporting
New Asset Accounting Solution
MAG is a boutique platform for management, accounting and reporting of infrastructure, property, plant and equipment. It was developed by Vanguard Consulting Group, a practice which specialises in providing high quality asset accounting and reporting services to local government councils.
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​MAG combines simplicity with sophisticated asset-management capabilities, helping councils compile reliable, auditable asset registers, manage the asset lifecycle, assign asset conditions, and generate key reports with minimal effort.
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​Why MAG stands out:
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Simple yet powerful: A one-button platform that delivers the reports you need with the least possible effort.
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Sophisticated asset management: Advanced condition modelling, lifecycle forecasting, and scenario analysis, tailored to each council’s asset categories.
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Fast onboarding and easy transitions: Import data in minutes, and export data at any time with zero exit fees.
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Flexible delivery options: In-house use or outsourced asset accounting support that uses MAG as the core tool.
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Key Features
Reporting
It has never been easier to report on infrastructure performance. With a single click, users can generate essential reports such as asset movement disclosure note in the financial statements, an infrastructure performance report, a condition report, and a dynamic lifecycle-cost forecast covering up to 30 years.
Asset accounting
MAG was built with an aim to streamline asset accounting processes with full compliance with accounting standards. A dedicated team of professional asset accountant worked on this feature to ensure councils don't have any issues with the external audit enquiries.
Asset management
MAG uses condition models developed by a council for asset categories to determine asset condition levels and to calculate backlog costs and costs to reach the agreed service level using embedded algorithms.
Our dynamic forecasting model provides a 30-year lifecycle cost report, including condition, maintenance, renewal, depreciation, and carrying value, all accessible with one button. Required maintenance can be imported or determined by MAG using customizable maintenance models for individuals or groups of assets.
Transition
Transition to MAG is easy and straightforward. All original technical and financial assets data is copied into a template Excel file which is then imported into MAG in a couple of minutes. In case you decide to stop using MAG after some time, exporting of all data is a one click away. In other words, the exit price for moving to another system is zero