Your fixed asset register can be used for many different things. An accurate, up to date and automated fixed asset register can save you a lot of time and money

Knowing all of the assets your business owns, as well as data related to them, is essential in keeping up to date with finances, insurance information, and maintenance dates.

You’ll be able to use your fixed asset register to keep an eye on all of this and more!

Clearer Fixed Asset Management

When you use fixed asset management software, your fixed asset register will update automatically with every interaction.

So, by using fixed asset tagging you’ll be able to log all of your interactions with assets automatically and in real-time. For example, if you notice an asset has an issue, you’ll be able to scan the asset’s tag and report the fault.

All of these changes will update on your asset register when you make them, giving you a clear and transparent view of all the information you need to know.

In this case, you’ll be able to reduce asset downtime by keeping on top of your maintenance in a simple and streamlined way.

Overall, you can use your asset register to keep an eye on the condition of your assets and track their locations, allowing you to trace any issues to a specific interaction and rectify any faults with much greater ease.

Better Asset Audits

As you can have all the data you need logged against assets, you can audit with your asset tracking system with much greater ease. 

If you need to see where assets were last seen, who your fixed assets have been assigned to, or track depreciation information, you’ll be able to filter, manage, and export your fixed asset register.

An automated fixed asset register ensures that there aren’t any gaps, meaning that your audits are accurate and reliable. Therefore, you can use your fixed asset register for your financial and insurance-related operations.

As asset audits are more accurate with fixed asset tracking software, there’s a much smaller chance that any ghost assets or zombie assets will exist on your fixed asset register, ensuring you get accurate tax breaks after submitting your business’ asset-related expenses.

Speed Up Existing Operations

All of this means that you can use your fixed asset register to improve and speed up your existing operations. 

The best use of your fixed asset register, therefore, is to save time and money by implementing effective, streamlined, and automated processes.

Fixed asset register software is built to supersede spreadsheets, too, meaning that you don’t need much manual input to keep your asset register accurate, up to date, and usable for any of the above purposes

When you save time, you save money, too. With a cloud-based fixed asset management system, you can save more time by allowing your colleagues to audit and update asset information. You can even add permissions and restrictions on what they can and can’t see or do.

To find out more about how itemit’s fixed asset management system can help you, 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 to start your 14-day free trial.

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Cloud-based fixed asset management software automates many of your existing operations, allowing you to have more time to concentrate on your business-critical work and procedures.

With cloud-based fixed asset management software, you’ll be able to:

• View a fixed asset register of what you own
• Maintain your fixed assets
• Monitor how your assets are being used and where they are
• Make better business-based decisions from your fixed asset data

So, while you save time with your fixed asset tracking, you also save money by reducing asset downtime and by speeding up your workflow.

What Is A Cloud-Based Fixed Asset Management Software?

Cloud-based fixed asset management software uses the benefits and the functionality of the cloud to allow edits to asset data to update for everyone across the board in real-time.

In other words, if one of your colleagues is running an asset audit, the updates to asset information they log will also update for you in a totally separate location.

Therefore, if your business has many sites, a cloud-based system saves you money as you don’t need to invest in travel costs. Colleagues onsite can update asset information while you view and export the data for another team, such as your accounting or insurance team.

How Does Fixed Asset Management Software Work?

Fixed asset management software works by letting you log individual asset profiles. These profiles are unique and mirror unique assets. Therefore, if you’re using a fixed asset management system for IT asset management, each laptop, phone, and PC will get its own profile.

Then, you’ll be able to tag your physical assets with asset tags. This way you’ll be able to speed up edits to asset data and maintain your fixed asset register in a better, more transparent way.

Every time you scan an asset’s tag, the last seen location will update as well as the user who scanned the tag, and the asset’s profile will open, ready for editing.

This operation is highly scalable to any asset. So, you’ll be able to track construction equipment while you’re also tracking your IT assets, high-value collections, and more!

The Benefits Of A Cloud-Based Fixed Asset Management Software

Overall, you get clear benefits from the speed and control you gain over your fixed asset register. As edits are quick and largely automated, it’s a much simpler process to audit or update asset information.

Therefore, if you’re logging an issue with an asset, your maintenance team can discover where the asset is, what the issue is, and which asset has an issue moments after you report the fault. This example reduces asset downtime.

As you’re interacting with physical assets when you’re updating your fixed asset register, your information will be more accurate, too. This is superior to using a spreadsheet, as spreadsheets can become unwieldy and out of date incredibly quickly.

To find out more about the benefits of itemit’s cloud-based fixed 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 of the software.

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If you’re looking for fixed asset management software, you’re taking the first step towards more business automation and better asset-related reporting.

Fixed asset management software will:

• Save you time
• Save you money
• Give you an accurate view of what you own
• Provide exportable reports 
• Help you keep track of asset maintenance
• Help you keep track of asset bookings
• And more!

But where do you start your search? What do you need to know when you’re looking for fixed asset management software?

What Is Fixed Asset Management Software?

Fixed asset management software is a system where you can log, edit, and maintain your fixed assets. This will create your very own fixed asset register, which you’ll then be able to export to your accounting and insurance teams.

The way it works is simple. You log assets as digital profiles and add data to these profiles. This way, you’ll be able to manage, view, and maintain maintenance against specific assets, rather than this data getting lost in a spreadsheet.

Then, you can implement fixed asset tagging procedures to speed up your fixed asset tracking even further. This works by linking your physical profiles to their digital counterparts by using asset tags.

Every time you scan the tag in your asset tracking app, the asset profile will open, the last seen will update, and the user who scanned the tag will also update, giving you the ability to create a robust and transparent audit trail.

Which Asset Tracking Features Do You Need?

To know the features you need when it comes to fixed asset management, you need to look at which industry you’re in first.

Your industry will dictate a lot of your operations and needs, so you’ll need a fixed asset management software that can keep up with your business’ landscape.

For example, if you’re looking for construction equipment tracking, you’ll need effective bookings features for tools being used onsite and equipment that is hired out. Therefore, you need a system which also works as equipment check in check out software.

If you’re working in healthcare, you need a healthcare asset management system which can keep up with a busy working environment. Therefore, automation will be key to many of your operations.

Overall, you’ll want an adaptable and customisable software which helps you fulfil a lot of your existing needs and duties, from finances to equipment maintenance tracking.

The Benefits Of A Cloud-Based Asset Management Software

No matter your industry, automation and speed are essential. Therefore, if your asset management software is easy to use and easy to implement, then it further improves your ROI.

This is why you should go for a cloud-based system. If your fixed asset management software is cloud-based, it means that any changes you make when you’re physically interacting with an asset change for everyone in real-time.

So, if you report a fault on one of your fixed assets, this fault will then be visible to your entire team, allowing you to expedite maintenance and reduce asset downtime.

To find out more about how itemit fixed asset management software can help your business, you can 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.

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Fixed asset tracking will save your business time and money. Fixed asset tracking software is effective at giving you a clear view of what you own, and giving you the ability to export and share asset-related data.

You’ll also be able to use asset tracking software to view where your assets have been and interactions related to them. So, overall, you get a full audit trail of the interactions your colleagues have had with your assets.

How Fixed Asset Tracking Software Saves You Time And Money

Fixed asset tracking software saves you time by streamlining and automating many of your existing operations. You’ll already spend time on finances, asset expenses, and insurance. Asset tracking software allows you to add this data and export it to your accounting team.

As you’ll be able to use asset tags, you’ll save time on editing and adding asset data overall. When you scan an asset’s tag, the last seen location will update and the asset’s digital profile will open.

You’ll be able to add data to this online profile which will contribute to your fixed asset register. This way, you’ll be able to maintain an accurate asset register without needing to put as much time into its maintenance.

You save money, therefore, as there are fewer gaps in your accounting and auditing. You’ll lose fewer assets, meaning less money spent on replacements, but the additional accountability also means that you’ll mitigate the risk of ghost and zombie assets.

How Fixed Asset Tracking Software Helps You Scale

Any asset is trackable and has its own story. This will be reflected in your asset tracking software. So, when your business is scaling you’ll be able to add newer critical assets to your register and track them in a consistent and accurate way.

The software itself will scale as your business does, so you’ll be able to track hundreds of assets with the same ease that you’ll be able to track thousands.

Due to effective equipment management, maintenance tracking, and asset tagging tools, no matter the number of assets you have, you’ll be able to maintain a clear view of what’s happening within your business.

In turn, this helps your business scale as you’ll be able to save time when you’re onboarding staff and in your existing operations, as reporting issues will be simpler and faster, reducing asset downtime.

Who Does Asset Management Help?

Any business in any industry can benefit from asset management operations. This is because you can implement your asset tracking software for a variety of different purposes.

Therefore, you’ll be able to create robust IT asset management procedures as well as improve construction equipment tracking or high-value asset management.

As you can track any asset with your asset management software, it means that you’re not tied down to any specific operation and have the freedom to track your assets however you need to.

To find out more about itemit’s asset tracking 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.

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or, download the itemit app to get started

Fixed asset management software will help you keep track of your business-critical assets. This can be by tracking maintenance information, viewing location histories, or running audits to verify your assets are in the correct place.

Even if you simply want to create an automated, well-maintained and transparent fixed asset register, there are a lot of features that fixed asset management software can provide you with to help!

The Best Fixed Asset Management Software Features

What are the best fixed asset management software features? It’s simple, the ones that are simple, that contribute to automation, and that allow you to create a streamlined and readable fixed asset register.

Fixed Asset Tagging

First of all, the ability to use asset tags to track your assets gives you much more transparency and automation than a spreadsheet could possibly dream of.

When you use QR code asset tags, you’ll be able to:

• Track asset locations
• View who has interacted with assets
• View when assets have been interacted with
• Instantly retrieve asset profiles for speedy edits and updates

Effective Location Tracking Features

Every time you scan an asset’s tag, the last seen location will update. What this means is that you get an effective history of where your assets have been.

If an issue is reported after scanning the asset’s tag, therefore, you’ll be able to view where the asset was when the issue was discovered instantly, streamlining and speeding up your maintenance operations.

Asset management software can go further, however. You’ll be able to use GPS asset tracking to view asset locations at any given moment, too.

Streamlined And Automated Fixed Asset Register Creation

Every time you edit an asset’s information, whether this is adding a reminder, reporting an issue, or adding pricing information, this data is automatically added to your fixed asset register.

You’ll be able to customise and export your reports, too, meaning that you only export the data that you need to. Your fixed asset register can then be sent to any relevant parties, such as your accounting and insurance teams.

Record Maintenance Dates And Information

Finally, you’ll be able to use an issues management system and a reminders system to track and manage your maintenance operations.

This way, you’ll be able to view which assets have issues in an instant and rectify the issue as soon as possible.

Using reminders, you’ll be able to set repeating reminders for preemptive maintenance, to track PAT tests, for example, and you’ll get a notification and an email every time maintenance is due.

More Benefits From itemit’s Asset Tracking Software

The benefit of using itemit’s asset tracking software is that you get all of these features and more! You’ll be able to mix and match your asset tracking operations, with the use of QR codes, barcodes, GPS trackers and RFID tags simultaneously if you need to.

Our friendly team will help you get set up straight away so that you can start saving time and money in an instant.

If you have any questions and would like to see the system in full swing, 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 and see the benefits for yourself!

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or, download the itemit app to get started

Small businesses can benefit from fixed asset management software. Knowing which fixed assets you own and how they behave is essential in speeding up your financial and asset-related operations.

So, what if you’re working from home? Fixed asset management software can still help! Knowing that your colleagues have the correct equipment to perform their duties helps you keep track of your acquisitions and finances, as well as boosting morale and keeping your company effective despite the change.

What Is Fixed Asset Management Software?

Fixed asset management software is a system where you can log your assets, add data to them, and track their locations and maintenance. You’ll also be able to benefit from features such as asset bookings and the ability to assign assets to colleagues.

The way it works is by giving you the ability to log all of your assets as individual profiles onto your system. This way, you’ll be able to view the details of specific fixed assets, such as laptops.

The benefit here is that you’ll be able to track any type of asset in different ways. Therefore, you’ll be able to use fixed asset management software for IT asset management operations as well as for construction equipment tracking simultaneously.

Overall, all of your fixed assets will be in one place, ready to view, update, and edit.

Using Fixed Asset Tagging

When you’ve logged all of your fixed assets onto your fixed asset management software, you’ll be able to use fixed asset tagging to speed up your operations further.

Speed is essential in a small business. As there will be fewer employees, efficiency in performing tasks is crucial for growth and scaling. This is why fixed asset management software is scalable, meaning you’ll be able to expand your use as your business does while also having all of your colleagues on the system.

You’ll use fixed asset tags to link your fixed asset profiles to their physical counterparts. Then, anyone on your asset tracking system will be able to interact with your assets by scanning the tag and updating relevant information, such as maintenance data and needs.

How Does Fixed Asset Management Benefit Your Small Business?

Overall, your day to day asset operations will contribute to your fixed asset register. This fixed asset register is then customisable and exportable, meaning you’ll be able to use it for a variety of financial purposes.

As you may be purchasing assets when you need them, the ability to log assets quickly and add them to your fixed asset register accurately is essential for multiple different things.

For example, insurance is much easier to secure with an accurate, up-to-date, and transparent fixed asset register. Also, the ability to mitigate ghost and zombie assets means that you’ll receive accurate tax breaks at the end of every financial year.

To find out more about how itemit’s fixed asset management software can help your small business, you’ll be able to book a demo using the button below.

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

Why not check out these blogs:

How Does A Computer Asset Management System Work?

Why You Should Use Fixed Asset Inventory Software

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or, download the itemit app to get started