The Best Fixed Asset Tracking Software Features

Fixed asset tracking software will help you save time and money on your operations. With fixed asset tracking software, you’ll get a clear view of what you own and how your assets are behaving.

Overall, you get:

  • More accountability
  • More visibility
  • More control
  • More accuracy

Then, you will also save money by losing fewer assets and by having a more accurate and up to date fixed asset register.

So, what are the best features you get when you use fixed asset tracking software?

 

Automated Fixed Asset Register

One of the best features of fixed asset tracking software is an automated fixed asset register which updates in real-time. This means that every time you log a change against an asset, this is reflected in your fixed asset register, ready for use.

All of your assets will exist on your fixed asset register as unique items, so you’ll be able to monitor and log any changes against specific assets, giving you a much clearer view of how assets are behaving.

In turn, this reduces the chance of ghost and zombie assets, meaning your insurance and accounting operations remain accurate and that you get necessary tax breaks.

You can also use your fixed asset register to monitor asset maintenance and ownership, assigning assets to colleagues and logging any changes an asset may undergo during its lifecycle.

 

Fixed Asset Tagging

Fixed asset tagging allows you to link your digital asset profiles to their physical counterparts. This means you get a much clearer view of the granular changes an asset undergoes.

You’ll stick asset tags, likely QR codes, to your assets. Then, you’ll link these tags to digital asset profiles by scanning them with your asset tracking app.

Tagging and Tracking with QR Code Asset Tags

This way any time you need to update asset information the process is simple. All you need to do is scan an asset’s tag with your asset tracking software and log the data.

In practice what this means is that if you notice an asset has an issue, all you need to do is scan the corresponding tag and report the issue with the touch of a button.

Monitor and Track Asset Changes

Overall, this level of control gives you a fully transparent view of where assets are and how they’re behaving. As every scan updates an asset’s last seen location, you can now have a full audit trail of where assets have been.

As well as this, once your fixed asset register is in your fixed asset tracking software, you’ll be able to make use of many more helpful features.

Asset bookings and check in check out tracking is also simple thanks to the use of effective and streamlined features, for example. Then, you’ll also be able to manage maintenance with reminders and an issues management system.

To find out more about how itemit’s fixed asset tracking software can help your business save time and money, 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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