Asset management is a pillar of business management. To keep your business running efficiently, your assets must be managed well. There’s no other way around it.

While there are quite a few conventional methods to keep track of your assets, today’s fast-paced professional environment calls for an advanced asset management solution. A solution that lets you manage your assets at your fingertips while sharing management responsibilities with multiple team members at once. 

Here are some important reasons why you need an asset management solution. In the end, we’ll also tell you about one of the most sophisticated asset tracking software solutions on the market that’s shareable, scalable, and has an intuitive user interface you’ll enjoy working on.

An asset management solution is a piece of specifically designed software for asset tracking. It lets you track and manage all business assets from one seamlessly integrated asset register. You can create an asset profile for each item, add its details, images, assign it to a team member and even give it a unique identity with an asset tag. 

Asset profiles are a brilliant solution to store every essential asset detail in a neat and compact manner so that it’s easy to store, read and share whenever you want. These profiles can be grouped into categories for better organisation. 

Not only that, but an asset management solution is cloud-based which means you can access it from anywhere. All you need is an internet connection and the proper authorization. It can be used via a mobile app or a web portal and can be used by multiple team members at a time for collaboration on a range of business aspects. 

Here are four reasons why you need it.

Companies keep an asset register so they can keep an eye on important information that helps them have better audits, more transparency, higher productivity and financial credibility. However, all of this can only be achieved if you lay the foundations right. That means keeping an accurate asset register. 

With conventional asset management methods like spreadsheets, it’s pretty hard to maintain a high level of accuracy consistently. Especially because the chances of human error increase a lot when tracking asset information manually. 

It’s much easier to keep an accurate asset register with an asset management solution. The intuitive interface has a separate place for every piece of information and lets multiple users view the register at once so it’s easy to eliminate discrepancies, if any arise. Furthermore, if you use asset tags, you can directly reach the correct asset profile just by scanning the asset tag. This makes sure you’re not viewing or editing the wrong asset profiles when working with identical items.

There are numerous ways how a state-of-the-art asset register saves you money. In this section, we’ll talk about a few most important ones. First of all, an asset management solution is a brilliant solution that saves you money in asset tracking itself. 

Previously, you might’ve had to use conventional asset tracking methods that required multiple employees to use a significant proportion of their work time just to keep the asset register up to date. This might have resulted in a lot of paid hours every week going into asset management alone. With an asset management solution, you can cut that time by more than half! 

Furthermore, a good asset management solution is scalable software that can help out with every department. This means you don’t have to make additional investments for different asset tracking purposes like IT asset management or keeping a fixed asset register.

If you run a tool-intensive business, your employees might spend multiple hours every day just trying to locate tools and equipment to start their work. This might not seem very alarming to you on a day-to-day basis, but did you know that it can add up to thousands of wasted work hours every year?

This has direct results on the productivity of your team. Without the right asset management solution, you cannot realise what you and your team are capable of achieving. 

With an asset tracking solution, everyone can locate the items they need almost instantly. The location of each asset is automatically updated in the asset register every time its asset tag is scanned. To find it, all you need to do is open the asset profile.

Depending on the industry and country your business operates in, you may need to follow a range of rules and regulations rolled out by regulatory authorities. For instance, GDPR compliance in the EU requires companies to keep a record of all devices they use to store users’ data. 

In the same way, if you work in construction you might have to make sure all construction machinery meets safety requirements. An asset management solution makes it much easier to have a clear overview of all assets you need to track for regulatory compliance.

As mentioned at the beginning of this post, the ideal asset management software solution is scalable, shareable, easy to use and set up. itemit is all that and much more!

You can start using this off-the-shelf solution right away and start seeing it bear results from the very first day! It’s scalable which means you can use it for any asset tracking purpose from fixed asset management to high-value collection audits or equipment checkout. 

To learn more about how itemit can turn your asset management around, feel free to reach out 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 short form below to start!

Instant access. No credit card details required.

or, download the itemit app to get started

Working from home looks a lot like the Fool’s Gold we carried out of 2020. For most of us, working from home was a sweet, but unrealised dream until the pandemic came. But now, as we’re getting more familiar with the work-from-home framework, we’re discovering countless productivity challenges.

Turns out the work-from-home dream wasn’t as sweet after all. But it can be!

Waking up, freshening up, and walking straight up to your workstation with zero commuting costs, and snacking whatever you want along your workday are some of the many perks of remote work. But it has its drawbacks too. The communication gap between you and your coworkers, incessant distractions, and not being able to get into your groove can significantly decrease productivity levels. 

However, itemit’s asset tracking software can give you the productivity boost that you need. Not just that, you can keep employees engaged, increase accountability and enhance collaboration to make remote work even more productive than office work. Continue reading to learn more about how asset tracking helps you while working from home.

Tracking your assets with itemit gives you a single, integrated and accurate source of asset information all team members can use simultaneously. It empowers all stakeholders, including entrepreneurs, managers, employees and external parties like clients and auditors to find, add, edit and track business assets efficiently. 

The best part is, no matter where an asset is, authorised personnel can have all its details at their fingertips from anywhere in the world. This means you no longer have to wait around for other team members to get to know where an asset is, or who has it at the moment. Just open the itemit app, search for the asset name and voila!

Remote work can make employees more casual and relaxed about their work. Although this is not all that bad, it may lead to dips in productivity levels. But not just productivity, a weak asset tracking system can also lower asset security. When a lot of assets are being used out of the workplace and are being moved frequently, the chances of asset damage and theft increase significantly. 

itemit brings you the much-needed accountability and transparency you need to manage your company’s tools and equipment well. You can use the assignee feature to assign assets to respective team members. This will not only make each employee feel more responsible to keep their tools safe but also urge them to utilise them properly. 

Furthermore, when someone wants to find an asset, they can simply ask the assignee for its whereabouts rather than emailing every team member for it. 

Sometimes you might need to fetch an additional asset from the office to get a job done. But how do you know the asset is not already taken by someone else? itemit’s checkout feature offers a brilliant solution.

Every time a team member takes an asset home from the office, they can ‘check out’ the asset with the itemit app. This way, everyone can tell whether or not an asset is available in the office or not. Plus, if you need a particular tool or piece of equipment in the upcoming days, you can book it via the itemit app so no one else takes it.

The average business operates a range of assets that need to be maintained regularly. When most or all employees are working from home, such assets can suffer. If not maintained in time, the results may be severe operational and financial breakdowns. 

Asset tracking software lets you keep track of all such assets that need maintenance. This way you can immediately know if an asset needs maintenance now or in the future so you can arrange or schedule maintenance accordingly. This reduces the risk of asset damage and keeps business operations running smoothly.

There’s a vast range of reasons why you should go with itemit to enhance collaboration on assets with your employees when working from home. This is an easy-to-use and off-the-shelf solution that you can start using right away and you’ll start seeing the results from day one! 

itemit asset tracking is a cloud-based software with more than 2000 integrations including apps like Slack, Trello, Mailchimp, Google Calendar, Google Sheets and Gmail. This means all you need is an internet connection and a smartphone or PC to start using it. 

To learn more about how itemit helps you manage your assets from home, please reach out at team@itemit.com. You can also take itemit for a test drive 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