Which function is NOT typically performed by asset management software?

Asset management software is designed to assist with the tracking, analysis, and management of various assets, focusing on optimizing their performance and value. Functions such as discounted cash flow (DCF) calculations, stress testing assets, and projecting asset performance are integral components of asset management.

DCF calculations are essential for evaluating the present value of future cash flows, allowing managers to assess the profitability of investments. Stress testing is conducted to understand how assets would behave under various adverse conditions, helping managers to prepare for and mitigate potential risks. Projecting asset performance is crucial for developing strategies and making informed decisions based on expected future performance.

On the other hand, while asset management software can aid in budget creation and forecasting, the removal of the need for budget comparison is not a typical function. Budget comparisons provide critical insights into performance versus expectations, helping managers identify variances, understand financial health, and make necessary adjustments. Therefore, suggesting that the software removes the need for budget comparisons overlooks the fundamental role that this practice plays in effective asset management.