3 Things You Need In Your Asset Management Software

Asset management software helps you keep track of your business’ critical tools and equipment. You get a clear view of everything you own and how your equipment is behaving.

From IT asset management to fixed asset tracking to tools and equipment tracking, you’ll be able to view how assets are being used quickly and run audits on your assets.

Overall, asset management software allows you to:

  • Save time
  • Save money
  • Keep a clear view of what you own
  • Reduce asset downtime
  • Audit your assets

When you’re looking for asset management software, there are a few crucial things your system needs to be able to do. 

 

Log And Tag Your Assets

First of all, you need a speedy system which allows you to view everything you own and have speedy interactions with your tools and equipment.

The most effective way to do this is by adding, tagging, and tracking your assets in an app-based system. If you can easily log your assets and add crucial asset data, you’ll be able to manage more asset-related information.

Logging assets means that you’ll be able to create an effective asset register, filled with maintenance, location, and usage data which helps you save time and money.

Then you’ll be able to tag your assets. Using asset tags means adding physical tags, such as barcodes or QR codes, to your assets. This way you’ll be able to retrieve your assets’ profiles simply by scanning an assets’ tag.

Every time you scan an assets’ tag the assets last seen location will update, as well as the user who scanned the tag, and the assets profile will open. This makes the use of features a breeze, as all you need to do is scan an assets’ tag and click on the relevant features you wish to use.

Tagging and Tracking with QR Code Asset Tags

Booking, Maintenance, and Auditing Features

You’ll then want to expand your asset management operations into other functionality. Once you’ve logged and tagged your assets, there must be more functionality to create a more robust audit trail.

This is why you’ll want to look like features such as equipment checkout functionality, maintenance management features, and auditing features in your asset management software.

If your asset management software allows you to scan all of the tags in a location to verify that they’re all where they belong, for example, yet another operation is simplified.

audit your assets with itemit

Scaling this type of asset management is simple if you have the features you need, as you’ll then be able to manage asset locations, maintenance, and bookings with ease.

 

Fixed Asset Management Software Functionality

Finally, you’ll want more levels of accountability for financial, accounting, and insurance purposes. This means that you’ll require fixed asset management functionality in your asset management software.

This functionality allows you to track and manage your asset-related finances with ease, updating any data that your accounting team needs to see on the fly.

Overall, this promises more accurate tax breaks and insurance processes, as you’ll be able to prove ownership of various assets and mitigate the risk of ghost and zombie assets.

To find out more about itemit’s asset management software, you’ll be able to book a demo using the button below.

You can also contact the team at team@itemit.com or fill in the form below to start your 14-day free trial.

 

Why not check out these blogs?

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