Not too long ago, enterprises around the world tracked their assets the hard way. That is to say, with spreadsheets or physical ledgers. But with the advancement of technology, the smarter of the lot shifted towards asset tracking software.  

If your company still uses spreadsheets and manual logbooks for asset tracking, you’re missing out a lot! Although asset management is one of the most important pillars of business management, you’re spending way too much time and money on it if you’re not utilising asset tracking software. 

If you don’t already know what asset tracking is or how it works, you’ve come to the right place. In this blog post, you’ll learn how to use asset tracking software. We’ll also briefly go over some of its features and how you can use them to optimise your business operations.

Asset tracking software, also known as asset management software, is a mobile and internet application that you can use to track your assets. It lets you create a unique asset profile for each of your assets and log it into an online database. 

You can record every essential detail for an asset into its asset profile, ranging from asset ID to its location and from purchase receipts to the individual the item is assigned to. The software application gives you hands-on control of your assets and their information. 

Individual asset profiles are stored in the asset register, a comprehensive list of all the assets your company owns. You can easily categorise different assets according to departments, locations and types for simpler navigation. 

You can either use the software as a smartphone app or through an internet portal that can easily be accessed from any browser. Unlike spreadsheets or other manual asset tracking methods, asset tracking software offers a range of powerful features that you can utilise to streamline your asset management and enhance productivity in the workplace.

Once you’ve acquired asset tracking software, the first step is to set it up and that’s done by creating asset profiles for each of your assets and logging them into the asset register. It’s important to note that to make the most out of your asset tracking software investment, you need to keep it updated and accurate at all times. 

Adding an item to the software is pretty easy. All you have to do is use the Add button on the software homepage. Enter the asset ID, and all the details you wish you to track and that’s it!

If you have to track a lot of assets, and you think setting up the register will take you a lot of time, you can delegate the task to multiple employees. The shareability of the software is one of the most useful features it has to offer. Multiple users can view, add and edit asset profiles no matter where they are. This is how asset tracking software lets you delegate tasks effectively. Brilliant, right?

Knowing the answer to this question is essential before you begin using the asset tracking software. And the correct answer is: it depends. 

It depends on your asset tracking goals. You might want to use the software for fixed asset tracking to help you out with audits. You might need an IT asset management system for regulatory compliance. Or you might want to track your business assets for greater productivity and to save time and money. 

If you’re using the software as a fixed asset register, then you may need only to track fixed assets. On the other hand, you would need to track all IT hardware and software for IT asset management.

Location tracking is one of the most powerful features that asset tracking software has on offer. You can save tons of time that you’d spend otherwise looking around for lost and misplaced assets.

Asset tags are unique labels you can use to give an identity to each of your assets. This may be a QR code sticker or an RFID tag. Each time an asset tag is scanned, its location is automatically updated in the asset register. You don’t have to do anything extra to keep asset locations under check except just scan them.

If you want to find where an asset is, simply open its asset profile and view its last seen locations. Yes, it’s that straightforward.

There are quite a few asset tracking solutions you will find on the market, but if you’re looking for a mix of sophisticated features and ease-of-use, itemit is the one for you. itemit’s shareability and scalability set it apart from the competition. 

itemit’s asset management software comes with a wide range of tools, each of which can be used to boost the efficiency of your team. From asset tracking to analysing, our software solution will surely help you out with decision making with its insightful reports.

To give yourself a competitive advantage, feel free to reach out to us at team@itemit.com. You can also try out itemit’s unique features for yourself and get a hands-on user experience with a 14-day free trial. Fill in the form below to start!

Instant access. No credit card details required.

or, download the itemit app to get started

Construction equipment tracking is one of the many areas of the construction business that are evolving with technology. The way construction companies track their tools and equipment has moved on from basic monthly inventories to real-time equipment tracking, allowing companies to conduct their operations seamlessly. 

Your tools and equipment make up the nuts, bolts and gears of your construction business. The whole operation can come to a halt if just a single important gear malfunctioned or went missing. 

This is why you need to invest in a construction equipment tracking system. This way, you can keep a close watch on all of your assets and make sure they keep working smoothly. But that’s just the bird’s eye view of how using asset tracking can help your construction business. Continue reading to discover its numerous other benefits.

The average construction worker spends about 90 minutes of their workday, every day, just looking around for stuff. Yes, that’s one and half hours of non-productivity. But wait a minute. That’s not all.

For a construction company that has around 50 people working at a time, the figures multiply to around 75 man hours per day! Imagine what you could achieve if you turned these wasted hours into utilised hours.

A construction equipment tracking software helps you do exactly that. With itemit asset tracking software, your workers can find the tools and equipment they’re looking for in a jiffy. 

They just have to search for the equipment on the asset register on their smartphone, and they’ll immediately know its last seen location. This can cut the time spent looking for tools and equipment down by more than half.

We forgot to mention one thing talking about the time wasted looking for tools in the last section. And that’s the 75 man hours that go to waste every day are actually paid man hours. If you’re a construction business owner or manager that hires 50 workers and pays them hourly wages, you’re paying 75 hours worth of wages every day for zero work done. It’s about time that came to an end. 

While helping you save time, itemit’s tools and equipment tracking software also help you save a great deal of money. But there is more than just this one avenue of saving money. 

itemit gives you a clear overview of your entire tools inventory. When purchasing new equipment, you can use the asset register from any device to have a look at what tools and equipment you need to buy and which ones you don’t. This way, equipment tracking lets you avoid making duplicate purchases and save money directly.

itemit’s construction equipment tracking software lets you assign individual tools to users through the Assignee feature. This is an excellent feature if you want to promote a sense of accountability and transparency among your employees so they are better able to keep all equipment safe and well-maintained. 

Without the infrastructure to assign tools to workers, there is no way of knowing which tools are used by whom. This can create a really murky situation where the employer has no idea where and how the company’s equipment is being utilised.

With countless tools and equipment and the rough and tough nature of construction work, issues keep springing up here and there in different tools and equipment. With Issue reporting, one of the most useful features in tools tracking software, employees can report an issue as soon as they spot them directly through the asset tracking software. 

This notifies the concerned personnel of the problem immediately so they can take care of it in a timely manner. This saves a lot of time and makes your team more productive by minimising the downtime for each asset. 

If you’re looking for construction equipment tracking software, itemit is the most easy-to-use, yet sophisticated asset tracking solution you will find. 

itemit is scalable, which means it can be used for a range of asset tracking purposes including fixed asset tracking, IT asset management and more. Moreover, you can also use it as an equipment loan software. In case, you don’t need your equipment for a while and you want to rent out some of it, you can use itemit to track all the lent hardware. 

To find out more about how itemit can help you track your construction equipment, feel free to contact our team at team@itemit.com. We are always happy to assist you with any queries you have. 

You can also take itemit for a test drive with our free 14-day trial. Fill in the form below and test out the construction equipment tracking features today.

Instant access. No credit card details required.

or, download the itemit app to get started

In recent years, asset management software has gained traction amongst large players within the business landscape. The ability to store data, and to present it in a form that is both simple and easy to understand makes it the ideal choice for many companies aiming to boost their productivity, reduce the presence of ghost assets and improve their decision making.

Whether you’re well-versed with asset management software, or if you’re just trying it out, the biggest – and arguably the most important – question that you’ll face is: “Which asset management software is the best?”

Fixed assets play an important role in the business structure. Along with being used for the production of goods and services, fixed assets are often used to discern the position of a business in the market landscape. Scrutinising the trends depicted by the changing values of these assets makes it easier to take better business decisions while not losing sight of the business objectives.

What’s more, keeping a track of your fixed assets can help you identify the inconsistencies in the data. This is accomplished by highlighting abnormal values in the data present within the database.

Lastly, tracking your assets can come in handy in identifying the appreciation and depreciation of the assets themselves. Having all this data ready at your disposal will help you make the best possible decision for the sake of your company.

Asset management software is a specialised software solution that consists of a database storing a list of all the fixed assets owned by a company. Popularly known as a fixed asset register, it holds all the important specific details regarding your fixed assets in one place, which helps improve efficiency and boost productivity. 

Asset management software generally holds data such as the asset location, current valuation, depreciation details, and so forth.

To understand what sets apart asset management software from more conventional means of asset management (pen and paper, spreadsheets), we must first understand the benefits of increasing automation in the business via fixed asset registers. 

From lowering administrative costs and improving customer service to tracking asset maintenance, compared to conventional means of asset management, fixed asset registers come with a wide range of advantages over their predecessors.

Before delving into the details of itemit’s asset management software’s details, it is important to first understand what a good asset management software really is. Therefore, in the following paragraphs, not only will we explain all about it, but also give you a glimpse of the unique features that itemit’s software solution offers.

A good asset management software – in its most rudimentary form – should contain only important and relevant data regarding your assets. It is important that the software contains data that is up to date, and that it presents stored data in a form that aids understanding.

Similarly, asset management software should also provide its users with the ability to track assets and their life cycles, along with reducing the time taken to log details of the assets.

Bundled with many unique features, itemit’s asset tracking software gives it an upper hand compared to competitors. From allowing booking assets in advance to checking in/checking out equipment, the fixed asset register allows you to create highly detailed and informative exports and reports. These can then be used to analyse and calculate the asset distribution liquidity of the business- both of which are crucial to competitive decision making.

Compared to other asset management software available on the market, itemit’s fixed asset register provides you with both, a web portal and iOS/Android mobile apps. These help in boosting portability and let you track your business assets at a moment’s notice. With a built-in GPS tracking system, you can rest at ease knowing exactly where all your assets are distributed.

By allowing you to track each individual assets appreciation and depreciation lifecycle, alongside managing their inspection and maintenance schedules, you can place your confidence in itemit’s accurate, up-to-date asset management software. Utilising interactive and expressive graphs aids in understanding, and these can further be used in reports and balance sheets.

Another powerful feature of itemit’s fixed asset register lies in its ability to perform bulk actions. This makes updating asset records a breeze, allowing you to perform actions on multiple assets simultaneously. Not only does it reduce the time taken to update records, but it also helps in reducing human errors in the records stored.

Furthermore, the ability to attach photos, perform “Quick Add” (adding assets without the usual trouble of logging all the small details) and image recognition via AI strengthen itemit’s asset register software as one of the best in the UK.

itemit’s asset management software comes bundled with a wide range of tools, each of which can be used to boost the productivity of your business. From asset tracking to analysing, our software solution is sure to improve your decision making.

To give yourself a competitive advantage, feel free to reach out to us at team@itemit.com. You can also try out itemit’s unique features for yourself and get a hands-on user experience with a 14-day free trial. Fill in the form below to start!

Instant access. No credit card details required.

or, download the itemit app to get started