PNG GPO Acquires Kumulsoft’s Fixed Asset Management Software

TechInPacific – On Thursday (02/07), General Manager and Co-founder of Kumulsoft Paul Muingnepe announced on LinkedIn that PNG Government Printing Office had acquired the company’s Fixed Asset Management software along with its services.

Launched in 2010 on Port Moresby before their move to Steamships compound in Hohola, both Muingnepe and Founder Marsh Narewec had always wanted to develop a fixed assets tracker aimed at companies, institutions, governmental departments, and agencies for integrated use.

Fixed Assets Management System Pro is one the software the company develops to assist Provincial Governments, National Departments, Institutions, Agencies, and Statutory bodies in the country in registering and managing their fixed assets that meet the government’s regulation.

“We believe this software will help them take control of their recurrent asset expenditure and manage their physical assets in the full asset management life cycle- from acquisition to allocation and disposal- in an effective, transparent, and accountable manner,” Narewec once said in an interview regarding organization and institutions that acquired their software.

With the deployment of the software, PNG GPO can now track their fixed assets within the distinct seven stages of the assets lifecycle. Among the functions that GPO will utilize are the allocation, inspection, and disposal of assets by registering them to the system. From their printing machinery to other technology can now be accounted for and tracked through software usage.

GPO was first established in 1888 and has now grown into a central printing office based in Waigani and home to the latest printing technology that runs its operation. It has publicized and disseminated the National Gazettes, printed National School Examination Papers, Ballot Papers, National Budget Documents, conduct legal obligations of the State in Publication of Amendments to Laws, Appointments Certification of various Acts, and other Classified Documentations.

 source: LinkedIn (Paul Muingnepe)

PNG GPO has finally followed the steps of other institutions that try to meet the government’s requirement regarding assets management, thus improving their system and processes that meet the supposed accountability and transparency.

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