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Uptiq's Document AI extracts asset descriptions, serial or tag numbers, acquisition dates and cost, depreciation method and useful life, accumulated depreciation, and net book value, then feeds the register into your collateral schedule and spreading template.
Trusted by financial institutions across banking, lending & credit
What Is This
A fixed assets schedule is the borrower's asset register — each item of property and equipment with its acquisition date, original cost, accumulated depreciation, and net book value — used to size collateral and verify what secures an equipment facility.
Uptiq's Document AI extracts asset descriptions, serial or tag numbers, acquisition dates and cost, depreciation method and useful life, accumulated depreciation, and net book value, then feeds the register into your collateral schedule and spreading template.
Net book value on a fully depreciated machine says nothing about what the asset would bring at auction
The Solution
Uptiq's Document AI extracts asset descriptions, serial or tag numbers, acquisition dates and cost, depreciation method and useful life, accumulated depreciation, and net book value, then feeds the register into your collateral schedule and spreading template.
The result: your team spends time on judgment calls, not re-keying fixed assets schedule data — measured across production deployments.
What Uptiq Extracts
A sample of the structured fields Uptiq's Document AI captures from this document type.
| Field | Example |
|---|---|
| Asset Description | Haas VF-2SS CNC mill |
| Acquisition Cost | $186,400 |
| Acquisition Date | 2022-08-11 |
| Accumulated Depreciation | $97,300 |
| Net Book Value | $89,100 |
| Depreciation Method | Straight-line, 7 years |
| Serial / Tag Number | SN-1147829 |
| Disposals in Period | 2 assets, $41,500 cost |
{
"asset_description": "Haas VF-2SS CNC mill",
"acquisition_cost": "$186,400",
"acquisition_date": "2022-08-11",
"accumulated_depreciation": "$97,300",
"net_book_value": "$89,100",
"depreciation_method": "Straight-line, 7 years"
}Key Benefits
Uptiq's Document AI extracts asset descriptions, serial or tag numbers, acquisition dates and cost, depreciation method and useful life, accumulated depreciation, and net book value, then feeds the register into your collateral schedule and spreading template.
Net book value on a fully depreciated machine says nothing about what the asset would bring at auction
Disposals and trade-ins drop off the register with no offsetting note, leaving phantom collateral in the credit file
Every extracted field traces back to its source page — examiner-ready documentation, every time.
100+ native integrations across loan origination systems, cores, and workflows. No new infrastructure.
Process more fixed assets schedule volume with your existing team as application volume grows.
Proven at Scale
Results represent aggregate outcomes across production deployments. Individual results may vary.
How It Works
The fixed assets schedule arrives via email, portal, or upload. AI classifies it automatically.
Fields are extracted at 95%+ accuracy with full data lineage back to the source page.
Derived metrics and ratios are calculated automatically from extracted figures.
Structured, extracted data lands in your existing loan origination or servicing system.
Common Questions
Related Document Types
Book a 30-minute session. We'll run a live extraction demo on your own fixed assets schedule documents.
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