Using Fixed Asset Management Software For Small Businesses

Using Fixed Asset Management Software For Small Businesses

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.

 

lose fewer assets with fixed asset management software

 

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.

Tagging and Tracking with QR Code Asset Tags

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

How To Use GPS Trackers For Tools And Equipment

Try Out Our Fixed Asset Management Software

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How Does A Computer Asset Management System Work?

How Does A Computer Asset Management System Work?

Computer asset management is essential to your IT asset management operations. Knowing which assets you own, who has access to them, and how they’re behaving helps your business run, and helps keep costs low and work efficient.

Effectively, a computer asset management system is a type of asset tracking software. The way this works is by allowing you to log all of your assets and view data related to them.

 

benefitting from a computer asset management system

 

What Is Asset Tracking Software?

Asset tracking software is a system that allows you to log your assets and track them. You’ll be able to create a full IT asset register of your laptops, computers, and other IT assets, including software.

This IT asset register is made up of unique, individual asset profiles. On these profiles, you’ll be able to add and manage specific data, such as maintenance, location, and usage data.

Overall, asset tracking software is a system that allows you to see everything your business owns at once, while also allowing you to see the individual assets that make up that list.

 

How Do You Track Your Computers?

You’ll track your computers by logging them on your asset management system. Each computer will have an individual profile and you’ll be able to add an image and a serial number.

Then, you’ll be able to add data such as who the computer belongs to in the business, where the computer belongs, and how much maintenance the computer has required or does require.

After this, you’ll use asset tags to link your computers with their digital profiles in your computer asset management system. Then, whenever you scan the asset tag, which will likely be a QR code, in your asset tracking system, the asset profile for that computer will appear.

Tagging and Tracking with QR Code Asset Tags

What this means in practice is that if you notice an issue with a laptop, to report it to your team all you’ll need to do is scan the QR attached to the laptop and then report the issue with the touch of a button.

Why You Need A Computer Asset Management System

All of this benefits your business by giving you a way to control the data you manage and log related to your computers. As every interaction with a computer is logged when you scan the tag and update the data, you get a complete and transparent asset register of how your equipment is behaving.

This means you’ll get a customisable and exportable asset register. All of the data you’ve logged will be on this asset register, meaning that you’ll be able to use it for financial, tax, and insurance purposes.

Therefore, you save a lot of time and streamline many of your asset finances by using a computer asset management system. You also mitigate risks of asset loss or misuse.

To find out more about how itemit’s computer asset management system can help you, you’ll be able to book a demo using the button below.

You can also email the team at team@itemit.com, phone us on 01223 421611, or fill in the form below to sign up and start seeing the benefits for yourself.

 

Why not check out these blogs:

Why You Should Use Fixed Asset Inventory Software

How To Use GPS Trackers For Tools And Equipment

Heavy Equipment Maintenance Tracking Software Best Practices

Try Our Computer Asset Management System Now

Start your free 14-day trial now

Instant access. No credit card details required.

or, download the itemit app to get started

Why You Should Use Fixed Asset Inventory Software

Why You Should Use Fixed Asset Inventory Software

Fixed asset inventory software will give you the tools you need to maintain more control over your operations. It will allow you to speed up a lot of your day to day processes, saving you money as you do so.

Having a neat, transparent, and customisable fixed asset register is essential to any business, as it will help you maintain control over your assets. Knowing what you own and how its operating allows you to mitigate ghost and zombie assets.

 

using fixed asset tagging

 

Who Is Fixed Asset Inventory Software Helpful For?

Fixed asset inventory software can help any business across multiple industries. This is because the features are customisable and usable in a number of specific situations.

The main benefit of fixed asset tracking is that it fills gaps that are relevant to you, and benefits you in that way. So, for example, if you’re implementing asset tracking for healthcare, you’ll save time where it’s needed the most.

In construction, too, for example, tracking your construction assets as they move between sites mitigates asset theft and asset loss. You’ll also be able to track and manage your maintenance, meaning that you’ll get a clear view of which assets are due for downtime and when.

 

How Does Asset Tracking Work?

The way asset tracking works is simple. You’ll create a register of your fixed assets and add data to them. As each asset has a unique profile, you get a much higher level of control than you would with a spreadsheet.

You’ll then link these digital asset profiles on your asset register with their physical counterparts using asset tags. So, for example, if you’re implementing IT asset management, you’ll log your laptops and add data such as purchase date and price and then assign these laptops to your colleagues.

Then, you’ll tag your laptops with asset tags, such as QR codes, and be able to retrieve asset profiles simply by scanning this QR. Every time you scan an asset’s tag, the last seen location will also update, showing you where tools and equipment have been.

Tagging and Tracking with QR Code Asset Tags

How Does Fixed Asset Inventory Software Save You Money?

First and foremost, this saves you money by saving you a lot of time. As you can log, view, and edit asset data simply by scanning an asset’s tag, you don’t have to tackle an unwieldy spreadsheet anymore.

There are a lot of other money-saving benefits fixed asset inventory software will provide you with, however. For example, a clear view of your assets and how they’re behaving allows you to make better business-based decisions and control your finances better.

Assets are easier to insure and having a clean asset register allows you to get accurate tax breaks, too. Overall, the ability to see, manage and control your fixed asset register gives you more financial transparency.

To find out more about how itemit’s fixed asset inventory software can help your business, 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.

 

Why not check out these blogs:

How To Use GPS Trackers For Tools And Equipment

Heavy Equipment Maintenance Tracking Software Best Practices

Why You Need Equipment Maintenance Management Software

Start Using Fixed Asset Inventory Software Today

Start your free 14-day trial now

Instant access. No credit card details required.

or, download the itemit app to get started

How To Use GPS Trackers For Tools And Equipment

How To Use GPS Trackers For Tools And Equipment

GPS trackers can help you keep an eye on your tools and equipment. Your assets are most likely to go missing when they’re in motion. If your equipment is moving between two construction sites, for example, they are more likely to go missing while in transit.

Usually, asset tracking is limited to onsite audits and edits when you have the assets to hand, but thanks to an expansion of many features and thanks to GPS trackers, it is now possible to track your tools and equipment when they leave your sites.

Thanks to GPS trackers, you’ll be able to view where your assets are and how they’re behaving remotely, therefore auditing from a distance.

 

The Benefits Of GPS Trackers

GPS trackers allow you to audit and monitor your assets from a distance. As they provide your asset management system with feedback, you don’t need to scan or interact with your tools and equipment manually.

What this means is that you can verify an asset’s location from a distance, as well as leverage more handy features to mitigate asset theft and asset loss.

Theft on construction sites is a huge problem, too, so you’ll also be able to use geofencing features to ensure that your assets are in the correct location. This means that if someone tries to steal an asset, you’ll get an alert in your asset management system.

 

How Do GPS Trackers Work?

GPS trackers use SIMs to collect location data. They can then be configured to update at certain intervals. This means that every hour, for example, a GPS tracker will ping its location using the SIM.

This allows for geofencing features, as the GPS tracker will know when it leaves a certain radius. Then, your asset tracking system will handle the rest, notifying you of what’s happening.

GPS trackers also have tamper proof backs, meaning that if anyone tries to remove your GPS tracker from your equipment, you can also get notified of this.

 

How To Use GPS Asset Tracking

First of all, you’ll need a robust asset tracking system. The best way to ensure that your asset tracking software is robust is by looking at your industry and seeing how well your software reduces asset and financial losses.

So, if you’re tracking construction tools, have you lost fewer by implementing asset tracking? If you’re in the healthcare industry, is asset tracking software saving you time?

Then, the next step is to log all of your assets onto this system. This way, you’ll be able to track specific asset data and view a full breakdown of your fixed asset register.

Finally, all you need to do is add your GPS trackers to your assets. Then, you’ll be able to track where your assets are with ease, even when you don’t have access to them.

To find out more about itemit’s GPS trackers, you’ll be able to book a demo using the button below.

You can also contact the team at team@itemit.com or phone us at 01223 421611. Or, start your 14-day free trial of itemit by filling in the form below.

 

Why not check out these blogs:

Heavy Equipment Maintenance Tracking Software Best Practices

Why You Need Equipment Maintenance Management Software

Fight Ghost And Zombie Assets With Fixed Asset Register Software

Start Tracking Your Assets Today!

Start your free 14-day trial now

Instant access. No credit card details required.

or, download the itemit app to get started

Heavy Equipment Maintenance Tracking Software Best Practices

Heavy Equipment Maintenance Tracking Software Best Practices

How do you track your heavy equipment’s maintenance? With effective and transparent heavy equipment maintenance tracking software. This software will allow you to add issues and reminders related to your heavy equipment and rectify them with speed and with ease.

Heavy equipment maintenance tracking software also provides you with a transparent fixed asset register, allowing you to track your heavy equipment with your tools in a simple, customisable, and transparent way.

So, you’ll be able to track your tools and equipment as well as your heavy equipment maintenance with a suite of helpful and accurate features.

 

Step 1: Audit Your Heavy Equipment

The first step to tracking heavy equipment maintenance is to audit your heavy equipment. You’ll want to know data related to it so that you can continue with more automation.

You may already have a spreadsheet where all of your asset data is readily available and be switching to a fixed asset register software to streamline and automate your operations.

Either way, you’ll want to know what you own and where it is to mitigate the risks of ghost assets and zombie assets. With more clarity, there’s less risk of missing out on tax breaks or under or over-reporting your finances.

 

Step 2: Add Equipment To Your Heavy Equipment Maintenance Tracking Software

When you’ve audited your equipment and know what you own, you’ll want to start adding it to your heavy equipment maintenance software. This practice creates “digital doubles” of all of your equipment.

What this means is that on your software, you’ll be able to see a digital representation of your assets. This way, you’ll be able to view, update, edit, and export all of your asset data with ease.

One of the biggest benefits of having unique digital profiles for your heavy equipment is that you’ll be able to know which assets have a fault instantly and be able to rectify this sooner. 

Furthermore, you’ll also be able to use reminders to track routine maintenance in your software, allowing you to keep on top of all of your operations and deliver projects on time and under budget.

 

Step 3: Start Tagging And Tracking

The final step is to tag up your heavy equipment and start tracking your maintenance. There are a few ways you can tag, but heavy equipment will usually be tagged with anodised aluminium QR code asset tags or GPS tags.

These tags will allow you to retrieve an asset’s digital profile with ease and verify the related maintenance information, as well as add issues, for example.

issues management software

GPS tracking automatically updates an asset’s location, meaning you’ll be able to pinpoint where your assets are automatically, too.

Whichever asset tags you choose, though, you’ll be able to track heavy equipment maintenance with much greater ease by using fixed asset register software.

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

Use Better Heavy Equipment Maintenance Software!

Start your free 14-day trial now

Instant access. No credit card details required.

or, download the itemit app to get started

Why You Need Equipment Maintenance Management Software

Why You Need Equipment Maintenance Management Software

Equipment maintenance management software will speed up your operations, reduce asset downtime, and help you keep an eye on all of your assets.

By using tools and equipment tracking, you’ll be able to maintain a robust and accurate asset register, saving money as you do so. View information related to your assets and manage business-critical finances and data with ease.

So, why do you need equipment maintenance management software? There are many benefits, so we have a few that will help you see how you can optimise your operations at a low cost and with ease.

 

Speed Up Equipment Maintenance And Reduce Asset Downtime

The first benefit of equipment maintenance management software is that you’ll save time and money on equipment maintenance. Using bespoke features such as reminders and issues management keeps your asset register clean and gives you the knowledge you need about which assets are working effectively.

Using issues management will allow you to see how many issues your assets are experiencing, and which assets need to be addressed.

The process is simple. Report an issue by scanning an asset’s tag and logging the issue in a unique asset profile, then use your issues management suite to view and manage your reactive maintenance.

issues management software

Keep An Asset Register For Equipment Management

The next benefit is more related to the other features equipment maintenance management software provides you with. You’ll be able to maintain a clear asset register, meaning you’ll get a clear view of which assets have issues, which assets are working effectively, and where your assets are in their lifecycles.

As you’ll be using unique asset profiles, and as they’ll be linked to physical assets through the use of asset tags, you get a simple process of viewing asset data and updating it

So, for example, tracking the location of construction equipment is simple, as you’ll have location features as well as the ability to update an asset’s last seen location with immediacy.

Simply scan an asset’s tag to create a location history, therefore creating a neat audit trail of where all of your assets have been and who has been interacting with them.

 

Save Money With More Accountability

Overall, the ability to use equipment management features gives you more transparency and more accountability over your assets. This, in turn, helps you save time and money.

As you’ll be able to monitor and export your fixed asset register, you’ll be able to streamline and automate many of your existing operations. These operations may be financial, and with depreciation features in your equipment management software, you’ll be able to see the specific value of assets, as well as the total asset value of your entire fixed asset register.

The ability to track maintenance also helps, as you’ll be able to monitor which assets have required more maintenance, helping you make effective and clear decisions about which assets to replace and which to keep.

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

Start Using Equipment Maintenance Management Software!

Start your free 14-day trial now

Instant access. No credit card details required.

or, download the itemit app to get started