Fixed Asset RFID Tracking: The future of equipment tracking

Fixed Asset RFID Tracking: The future of equipment tracking

Fixed Asset RFID Tracking: The future of equipment tracking

Fixed asset RFID tracking is the future of equipment tracking. RFID offers more automation, more control, and more visibility over how your assets are behaving. 

You also get a lot of functionality that wasn’t possible in the past, such as the ability to scan and audit a bulk of assets at once, from a distance. This is great for all industries, whether you’re looking to increase your health and safety procedures or simply keep an eye on your assets in a much more hands-free way.

How RFID Systems Work And How To Choose The Best One For Your Business


What Is Fixed Asset RFID Tracking?

Fixed asset RFID tracking is a form of fixed asset tracking system. This system allows you to use the latest RFID technologies to track and manage your assets.

In essence, you’ll be able to log each of your assets as a unique profile. This profile can be populated with critical information, such as asset finances, prices, issues, and maintenance data.

RFID then gives you automation over asset location tracking and asset audits. With RFID, you’ll be able to walk into a room, pull the trigger on your handheld RFID reader, and verify that all of your assets are where they should be.

Fixed RFID asset tracking takes this one step further as, with fixed RFID, whenever an asset moves the change will log automatically in your fixed asset management software.


How Is RFID Innovative?

RFID gives you access to the cutting-edge. Even a few years ago, the gold standard for asset tracking was the use of spreadsheets, and this has already progressed in leaps and bounds.

Asset tracking software allowed for more speed, more visibility, and more automation in terms of your asset tracking operations. RFID capabilities take this one step further, giving you even more automation and even more control.

RFID is still growing, too, with every new development giving you the ability for more granular, more minute equipment tracking, helping your business save as much time and money as possible.


What Is The Future Of Equipment Tracking?

Equipment tracking will continue to develop with new technologies and new capabilities. Therefore, RFID will become more accessible to SMEs as well as large organisations.

There are a few difficulties at the moment that are already getting fixed, such as the need for equipment tracking software to be developed bespoke to include RFID capabilities.

This is no longer the case as now you can opt for off-the-shelf fixed asset RFID tracking software. This way, you get the same benefits of adding data to unique, singular fixed assets while also having benefits in terms of the day to day tracking of these assets.

RFID, therefore, marries fixed asset management capabilities, such as streamlined excel exports, depreciation, maintenance management and user tracking with technological advancements in automation.


itemit’s RFID Asset Tracking Software

itemit’s fixed asset RFID tracking software is the only system you can get off-the-shelf. The system has in-built RFID capabilities, meaning you can plug-in and play on day one, rather than spend months building and paying for a bespoke system.

With itemit, you can mix and match capabilities, too, meaning you can track assets with GPS trackers, RFID, QR tags and barcodes simultaneously. 

This gives you the highest level of transparency, control, and automation possible on the market, as well as the highest ROI. itemit is affordable, easy to use, and built for effective equipment tracking.

To find out more about itemit and how it can help your business, you can contact the team at team@itemit.com. You can also fill in the form below to start your very own 14-day free trial.

Fixed Asset RFID Tracking

Choose a better way to track your assets

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How Does Asset Register Software Work?

How Does Asset Register Software Work?

How Does Asset Register Software Work?

Asset register software gives you a tidy way to log, view, and manage your assets. You get unique asset profiles that you can add data and information to. All of this data is then pulled into an exportable report that you can hand over to your accounts team.

Overall, asset register software gives you a quick, simple, and effective way to track and manage your assets. This is true whether you’re tracking fixed assets, tools and equipment, anything!

The control and visibility you get over your assets in turn saves you a lot of time and money and keeps your operations running smoothly.

create a fixed asset register


Should You Use An Excel Asset Register?

So, why go for asset register software instead of using an excel spreadsheet? Spreadsheets are tempting as they’re free, but you still save more money using software.

This is as spreadsheets are unwieldy and create gaps. If you think about your asset register as a spreadsheet, each piece of critical information is confined to a single cell. Every time an asset changes, this singular cell becomes out of date.

It quickly becomes an impossible task to keep an excel asset register up to date, and an out of date asset register is a breeding ground for lost funds and lost assets.

With asset register software, you manage the data in a different way and then export it. This means that each snapshot you export is up to date, accurate, and usable.


What Is Asset Register Software?

Asset register software is a system where you can log assets uniquely in individual profiles. In other words, if you’re implementing IT asset management operations, each of your laptops will have a unique profile.

This way, you can track unique information against your assets. For example, if an asset has an issue, you’ll be able to log the issue against the asset in its own profile.

Therefore, if you need to see what the issue is, where the asset is, who reported the issue, and when the asset was purchased it’s all in a single, neat profile.

You can use asset tags to speed up your operations further, too. These are QR codes or barcodes that contain a unique code that links to your asset. Every time you scan an asset’s tag:

  • The asset’s profile opens, ready for updates
  • The last seen location updates
  • The user who scanned the tag updates
  • The time of the scan updates


How Asset Register Software Saves You Time And Money

As you get more control and clarity over your assets, you can mitigate a number of issues. In essence, asset register software saves you money in the same way an excel asset register is intended to, the difference being that software gives you more speed and visibility.

This speed and visibility is critical in saving you money. As there are fewer potential gaps in your operations, the risk of ghost and zombie assets is significantly reduced. This reduction in risk is where you’ll find a significant amount of your ROI.

Then, the fact that your asset tracking operations are reduced to mere moments instead of hours also saves you money as you’ll be able to perform operations with much greater ease at a much greater speed, saving you time for other priorities.


itemit’s Asset Management Software

itemit’s asset management software gives you the ability to log, track, manage, and control your assets. With easy-to-use features, such as an equipment booking system, and a clean UI, asset tracking issues are a thing of the past.

With itemit, you can collect the data in a few moments and export it into a pdf or spreadsheet, ready for you to use for tax and insurance purposes. Overall, itemit gives you speed and it gives you accountability.

To find out more about how itemit’s asset management software can help your business, you can contact the team at team@itemit.com. You can also fill in the form below to start your 14-day free trial.

Asset Register Software

Choose a better way to track your assets

Start your free 14-day trial now

Instant access. No credit card details required.

or, download the itemit app to get started

Related articles

How A Fixed Asset Register Will Transform Your Operations

How A Fixed Asset Register Will Transform Your Operations

How A Fixed Asset Register Will Transform Your Operations

A fixed asset register is a very effective way to monitor what you own, keep on top of purchases, and track asset lifecycles. In short, a fixed asset register is a log of your fixed assets and data about them.

Fixed assets are permanent business fixtures that aren’t bought or sold and, therefore, indirectly create revenue. In other words, they’re not your stock or inventory they’re your laptops, furniture, buildings, tools and so on.

You can depreciate all of your fixed assets, or you can only depreciate above a certain value. For example, you may only be required to log and track assets above £500. Either way, whether you’re tracking all things big and small, a fixed asset register will transform your business operations.

3 Reasons Why There's Never Been A Better Time To Buy Fixed Asset Management Software


The Benefits Of A Fixed Asset Register

A fixed asset register is a log of each of your fixed assets. Therefore, you can log every laptop uniquely and add unique information to it. This way, you can track assets on a very granular level, pinpointing any data you need to know.

This separates fixed asset management from inventory management, as inventory management will focus on overarching trends and non-unique assets where fixed asset management is tailored to solving problems with unique assets.

Knowing all of the assets you own and the unique information against them gives you a significant edge against common risks and issues. As you can track each laptop, for example, you can track issues against each laptop.

This level of transparency means you will:

  • Lose fewer assets
  • Purchase fewer duplicates
  • Make clearer financial decisions
  • Mitigate ghost and zombie assets
  • Improve maintenance operations
  • Improve rental and bookings operations
  • Speed up asset audits
  • Improve tax and insurance 

Amongst many other benefits! In short, when you use a fixed asset register, you save time and money and gain a much greater level of transparency over your assets.


Should I use A Spreadsheet?

It’s tempting for the first thought to be to add your assets onto a spreadsheet and add your data here. This is how companies have been creating fixed asset registers for years.

The main thought here is that spreadsheets are free. However, using a spreadsheet still gives you a negative return on investment, so you’d actually save more money by using something built for fixed asset management.

If you think about a spreadsheet, the first column is an asset’s identifier. This can be a serial or it can be the asset’s name. Then, the next column will be another specific piece of information and so on.

Imagine trying to pinpoint which laptop to log an issue against after your fixed asset register has grown to your asset count. Each crucial, specific piece of information is confined to a single cell on your spreadsheet.

Every time an asset moves, too, multiple cells become outdated in an instant. Therefore, spreadsheets are impossible to manage and keep on top of when it comes to fixed asset management.


Fixed Asset Register Software

Fixed asset register software uses the idea of asset uniqueness and improves on it. Instead of a row being an asset, each asset has a unique profile. In this profile you can add issues, information, booking data and more.

You can also use fixed asset tags to take this further. Fixed asset tags are tags that you physically stick onto your equipment, before using their code (as they’re usually QR codes and barcodes) to link the physical equipment to a digital profile.

Every time you scan an asset’s tag, the last seen location will update, the user who scanned the tag and the time of the scan will be logged and the asset’s profile will open. This gives you a transparent audit trail.

As scanning an asset’s tag opens up a fixed asset’s profile, you can use this to log data, instead of searching through a spreadsheet.

Ultimately, through the collection of this data, you will create a robust fixed asset register that’s ready to use for tax and insurance purposes. The granularity of asset tracking allows you to take more control over your assets and so you’ll save time and money daily.


itemit’s Fixed Asset Management System

itemit’s fixed asset management system benefits your business by having a range of features, ready for you to use. Whether already tracking your fixed assets or not, itemit gives you a more automated system, meaning you don’t need to spend hours updating asset registers.

With itemit, logging and collecting information simply takes a scan of a QR code and the click of a button. If you want to use it for your records without asset tags, this is entirely possible too, as itemit comes with an app and web portal.

Fixed asset management systems save you time and money, and itemit is no different, giving you a quick and easy way to audit your assets.

To find out more about how itemit can benefit your business you can contact the team at team@itemit.com. You can also fill in the form below to start your very own 14-day free trial.

Fixed Asset Register

Choose a better way to track your assets

Start your free 14-day trial now

Instant access. No credit card details required.

or, download the itemit app to get started

Related articles

When To Use Asset Register Software

When To Use Asset Register Software

When To Use Asset Register Software

Asset register software gives you a more automatic way to manage your assets and their data. It has an edge over spreadsheets as, instead of editing singular cells, you edit and manage asset data within a profile of that asset. 

In other words, you’ll be able to add asset issues, bookings information, and location data against the assets themselves to save this data from getting lost in a large spreadsheet.

An asset register is effective at preventing asset losses and duplicate purchases, but only if your data is visible, usable, and editable.

using fixed asset management software to work from home


The Benefits Of Asset Register Software

Asset register software gives you many benefits, including an automated way to track and manage your assets. 

So, if you’re using asset register software for IT asset management, you’ll be able to log each laptop as an individual profile. If you’re creating a school asset register, you can add PAT test information and reminders against specific assets.

Overall, this saves you time as you can create effective and speedy asset operations using your asset register software. You also save money, too, as the clarity and transparency you get from asset register software reduce risks, such as the risks of ghost and zombie assets.

So, when should you use asset register software?


When Collecting Asset Data

First of all, you should use asset register software when interacting with assets and collecting data. This can be daily operations or weekly audits, for example.

As asset register software has helpful, dedicated features it will speed up these operations and take out much of the manual work involved. For example, if you want to report that an asset has an issue, you need only click one button.

Asset tags can help with this too. Asset tags are physical tags that you can stick onto your assets and link with their digital counterparts. Then, every time you scan an asset’s tag a few things happen:

  • The asset’s profile opens, ready for edits
  • The asset’s last seen location updates (using your phone’s GPS)
  • The user who scanned the tag is logged
  • The time of the scan is logged

This speeds up data collection, asset interactions and automates asset location tracking in the process, giving you a clear audit trail.


For Tax And Insurance Operations

You should also use your asset register software for tax and insurance purposes. When you collect asset data, it is all automatically logged in a reporting page.

Here, you’ll be able to export snapshots of your asset data as a pdf or a spreadsheet. The pdf functionality is incredibly helpful for auditing purposes as you get an image of your asset and all of its data, ready to send on.

First of all, this proves that you own this asset and that you’re using it responsibly. So, should you need to make a claim you can show your insurers where the asset was last seen and whether it had any known issues. This type of tracking can also lower your premiums, too, so it’s worth letting your insurer know that you’re using asset register software!

Overall, though, asset register software gives you a list of assets and data related to them. This is great when you’re logging expenses as it means you’re less likely to miss out assets or add too many, at the very least giving you accurate tax returns and at the most, helping you avoid fines.


For Fixed Asset Management Operations

It’s also possible to use your asset register system as fixed asset register software. This way, you’ll be able to add depreciation data to your assets and track how they depreciate over time.

Therefore, asset audits are sped up when you’re both physically auditing a location and when you’re auditing the costs, status, and existence of your fixed assets.

Asset register software gives you a clear view of what you own, how it’s behaving, and who is responsible for it, meaning that you should use asset register software whenever you’re tracking your assets.

itemit’s asset tracking software does all of this and more. To find out more about how itemit’s asset tracking software can help your business save time and money, you can book a demo here, contact the team at team@itemit.com and start your 14-day free trial by filling in the form below.

Asset Register Software

Choose a better way to track your assets

Start your free 14-day trial now

Instant access. No credit card details required.

or, download the itemit app to get started

Related articles

The Benefits Of Fixed Asset Register Software

The Benefits Of Fixed Asset Register Software

The Benefits Of Fixed Asset Register Software

Fixed asset register software gives you a clear record of what your business owns and how your assets are behaving. With a robust, easy to use and transparent fixed asset register, you reduce the chance of a wide range of issues, too.

Overall, great fixed asset register software saves your business time and money by:

  • Improving asset-level operations
  • Speeding up asset discovery
  • Reducing the chance of ghost and zombie assets
  • Reducing lost assets and duplicate assets
  • Assisting in business decisions
3 Reasons Why There's Never Been A Better Time To Buy Fixed Asset Management Software


What To Add To Your Fixed Asset Register

Your fixed assets are permanent fixtures in your business. They aren’t stock or consumables and aren’t bought and sold. For this reason, asset tracking software is slightly different to inventory management software.

Your inventory will need to be tracked in bulk and granular data isn’t needed, where you need to know specifics, such as location, with your fixed assets.

So, your fixed assets will be assets such as laptops, phones, furniture, equipment and tools to name a few examples. To create an accurate view of your asset register, these will all need to be added to your fixed asset register software as unique, digital profiles.

This way, you’ll be able to add and pinpoint asset-specific data, such as maintenance data and bookings information. A spreadsheet isn’t the best way to do this, either, as the data you need will be in one cell of many, where fixed asset register software gives you a cleaner view through the use of asset profiles.


Using Fixed Asset Tags

Fixed asset tags can then be used to speed up your operations. These tags will create the ability to perform bulk actions on your assets and totally minimise asset discovery time.

Fixed asset tags are physical tags that you stick onto your assets. They contain a unique code that you can link to your assets by scanning their tags.

Once your assets have been tagged, when you need to update asset data, you simply need to scan an asset’s tag and use the helpful features within your asset tracking app.

Every time you scan an asset, the last seen location, the user who scanned the tag and the time of the scan also gets logged, meaning you get a full audit trail and can pinpoint where and when issues were reported.


How Does Fixed Asset Register Software Save You Time And Money?

The core use of a fixed asset register is to log what you own and to monitor how these assets are behaving. This gives you a view of your assets’ depreciation as well as operating and purchase costs, meaning you’ll be able to create clearer predictions due to a more transparent view of your net and gross profits.

Being able to view what you own is critical, too. Ghost and zombie assets can cause fines, a lack of accountability, and a breakdown in your asset tracking efforts and so an up to date register mitigates this. Asset losses and duplicate purchases are also reduced in the process.

Fixed asset tags and fixed asset register software features also save you time, helping you deliver projects on time and under budget. Fixed asset tags open up bulk actions, such as full audits of which assets are in which locations and the ability to bulk book out assets to yourself or your colleagues.

All of your day to day asset tracking operations and edits are pulled into a reporting page automatically. You can use this to filter and report on specific data, such as maintenance information, or you can export this as a pdf or excel sheet to create a snapshot fixed asset register, ready for tax, insurance, and accounting purposes.


itemit’s Fixed Asset Management System

itemit’s fixed asset management system gives you all of this and more. itemit is used for fixed asset tracking, IT asset management, construction equipment tracking, and in many, many more wonderful ways.

itemit’s system is highly scalable and highly customisable, meaning you’ll be able to share the system with your colleagues and reduce the asset tracking load.

As all of your data gets pulled into your reports automatically, it’s very easy to keep up to date on your audits and asset information. Then, you can run streamlined, simple, and customisable reports on all of this data, finding everything you need to know in an instant.

To find out more about the benefits of fixed asset register software, you can contact our team at team@itemit.com. You can also fill in the form below to start your 14-day free trial to try out the system for yourself!

Fixed Asset Register Software

Choose a better way to track your assets

Start your free 14-day trial now

Instant access. No credit card details required.

or, download the itemit app to get started

Related articles

How Honeyguide Are Using itemit For A Not-For-Profit Fixed Asset Register Solution

How Honeyguide Are Using itemit For A Not-For-Profit Fixed Asset Register Solution

How Honeyguide Are Using itemit For A Not-For-Profit Fixed Asset Register Solution

 

“itemit is easy to use and has the best, quick customer support.”

Samwel Shaba

Programs Manager

 

“itemit is easy to use and has the best, quick customer support.”

Samwel Shaba

Programs Manager

 

Honeyguide is a non-profit organisation dedicated to conservation efforts in Tanzania. They work across nearly 1.2 million acres of wilderness in Tanzania, and their aims include enterprise development, management & governance, communications, human-wildlife conflict prevention, and wildlife & habitat protection.

As their efforts span such a wide area, it is critical that they track their assets effectively. This is as the risk of losing assets is increased due to consistent movement, creating a need for effective asset management operations.This is where itemit comes in. itemit is a scalable and shareable asset tracking software that allows you to track multiple assets across the globe with ease. When tracking assets across a wide area, a robust, customisable tracking software is essential.

honeyguide conservation asset tracking

The Challenge

Honeyguide have a wide variety of assets over a spread out area. This increases the risk of lost assets, a loss of accountability, and a loss of clarity very heavily. The need for a robust asset register is critical.

The challenge is clear. With assets spanning any distance, gaps in accountability are much more likely. This leads to inaccuracies in accounting, loss of assets, and the purchasing of duplicates.

When assets are used to protect wildlife and for conservation efforts, lost assets can slow down the success of conservation. Also, with the need to purchase replacements quickly, costs can add up.

A loss of accountability, therefore, slows down the efforts of any company due to knock-on effects in terms of cost and time, but with such an important cause, this can create bigger risks to an ecosystem.


itemit’s Fixed Asset Register Solution

Honeyguide found itemit and purchased the fixed asset register software to increase their accountability over assets and reduce the risks related to gaps in asset tracking. itemit provides Honeyguide with the ability to log their assets and track them with their existing barcodes.

itemit is used worldwide, and companies are using the asset tracking system to track assets across the world. This means that it is fit for purpose when it comes to tracking and managing asset data over a wide area.

With years of development behind the system, it has grown into a capable system that makes tracking sparse assets simple and effective. 

Honeyguide also use itemit to run audits on their assets. These audits verify that assets that should be in a location are still there, meaning that fewer assets go missing or become unaccounted for.

Then, as the day to day tracking updates reporting data, it is simple to retrieve reports of asset movements and asset information, such as issues and maintenance. This gives Honeyguide a quick and easy way to better monitor and control their assets.


The Results

Honeyguide have expanded their use of itemit to include bookings and equipment check in, check out data. They can track their assets when they move between employees with ease, therefore, meaning they get a granular view of their assets’ movements.

Honeyguide are also using itemit to add information to their assets, such as item specifications and accessories. This has created a robust, accurate, and very easy to use asset register.

Overall, itemit allows Honeyguide to monitor their assets’ movements and information, whether the assets are moving between employees or across 100s of acres. The reporting and fixed asset management tools available give Honeyguide the visibility they need to ensure that assets are less likely to go missing.

Samwel Shaba, the Programs Manager at Honeyguide, says:

“itemit is easy to use in any platform and has the best, quick customer support any time we’ve had an issue.”

honeyguide conservation lookout team

How can itemit help you?

itemit is helping charities and not-for-profits across the globe, from Honeyguide to Tanzania to cancer research in Australia to autism support in the UK. We’re proud of our work with charities, and offer a 30% charity discount on our Pro packages.

itemit offers a powerful system that you can use to track and manage your assets, allowing you to log your assets, their data, and then track all the movements and changes your assets go through on a daily basis.

To find out more about how itemit can help you, you’ll be able to contact the team at team@itemit.com. You can also start a free trial by completing the form below.

Fixed Asset Register Solution

Choose a better way to track your assets

Start your free 14-day trial now

Instant access. No credit card details required.

or, download the itemit app to get started

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