When you're looking for an easy-to-use asset management system, it can feel daunting. There's a lot of information to address to ensure you're going with the best UK asset management system.
Asset management is essential for businesses. Physical assets, from IT assets to tools and equipment, are crucial in helping with day-to-day processes. Asset management helps you view the value of your assets in monetary, usage, and effectivity terms.
So, we've created a quick guide to help you know what to look for to get the most out of your UK asset management software.
What is Asset Management?
Asset management forms an essential time saving and cost-cutting method to optimise the assets which help run a business. With asset management, you can:
- View what you own
- See where assets are
- See who is using assets
- See the condition of assets
- Use the above data to save time
- Use the above data to save money
The concept of asset management has been around for millennia. The picture below shows one of the earliest examples of what we might call a fixed asset register. It depicts an inventory list used by Ancient Egyptian staff to monitor their assets:
Tableau d'inventaire d'un temple de la 5e dynastie,
© 2009 Musée du Louvre / Georges Poncet
So, there always has been and always will be a need for asset management.
Types of Asset Management
There are many different types of asset management. The type you opt for will depend on your business, your business' needs, and the assets you're tracking.
To name a few, there is:
- Fixed Asset Management: Fixed asset management is the monitoring and tracking of your fixed assets. This assists with asset lifecycle management and making sure your assets are working to the best of their abilities.
- IT Asset Management: IT asset management is the tracking of IT assets, such as laptops, phones, USBs, etc. This can help with compliance, as it helps you ensure that your company is GDPR compliant.
- Equipment Maintenance Tracking: You can use UK asset management software to track maintenance. From PAT test tracking to reactive maintenance management, asset tracking helps you minimise asset downtime.
- Software Asset Management: Software asset management is under the umbrella of "IT asset management", and it's how you track software subscriptions, who has access to which software, etc.
