iAssets

Oracle iAssets is extended functionality to Oracle Fixed Assets.
Features:
1. iAssets provides an authoritative query functionality.
2. Automates transfer events.
3. Easy way to find Assets, transfer information.
4. Built in automated approval process using Oracle AME.
5. Built in email notification using Oracle workflow system.
6. Security functionality on Asset search.
7. You can add Assets to Asset list.
8. You can use Asset transfer request with the help of Asset list.
9. Transfer Assets from one cost center, company, or any other accounting segment to another cost center, company or accounting segment.
10. Transfer Asset from one location to another.
11. Accurate ownership information of company’s assets between departments and lines of business can help you make better budgeting decisions.
12. Knowing where your assets are and who owns them is also crucial for maintenance planning and other logistical decisions.
13. Self-service asset transfers, asset ownership and location tracking is streamlined and efficient.
14. User-friendly step-by-step asset transfer makes the process extremely intuitive.
15. Data access is secured by cost-center or by department.
16. Cost-center based and employee hierarchy based approval processes.
17. Oracle iAssets is integrated with Oracle Approvals Management, enabling you to simply and effectively define business rules that determine who must approve a transaction.
18. You can devise simple or complex rules, as your organization requires, which then form part of your overall business flow. Designated approvers receive timely notifications about transfer requests and can simply approve or reject requests by the click of a button in the email notification itself.

To implement this module you have to use seperate/specific Organization Classification.
Profile Options.
Approval Management Engine for approval.
You have to create Rule.