An asset register gives your business significantly more visibility over your asset related operations. In the past, spreadsheets were the best way to manage and maintain a record of assets, but this is no longer the case.

Therefore, the easiest way to manage an asset register is through the use of asset tracking software. Asset tracking software gives you the ability to monitor your critical asset details, data, and movements.

An asset register prevents a wide range of risks, including asset losses, ghost and zombie assets, and an overall lack of accountability.

Without a record of who is using, interacting with, and controlling what, asset losses are an inevitability. In this sense, using a spreadsheet isn’t sufficient as fluid solutions are needed to address gaps in accountability, which spreadsheets are far from.

Having a robust record of where your assets are, who is using them, and how well they’re performing gives you more control over your budgets and timelines, however. 

An asset register, therefore, is necessary, but only a fluid system will fulfil modern business needs.

The next obvious question is what should you record on your asset tracking software? The specifics may vary between customers, but the overall need remains the same.

You’ll need to track fixed assets, track IT assets, and manage any tools and equipment that are critical to your business’ operations. The best thing about fluid software is that you can share your asset usage between departments and track IT assets in tandem with and separate from other fixed assets.

Overall, anything that has a high enough cost and is needed in your business is worth tracking. This is where you’ll find your return on investment – not only from assets that don’t go missing that otherwise would but also from preventing inefficiencies in your operations.

In other words, tracking your laptops not only gives you a robust record of usage but also helps you take that usage further, allowing you to extend an asset’s life and ensure your colleagues are getting the best out of it.

Through the use of asset tracking software, maintaining an asset register is simple. This is because you have complete control over whether or not you want to keep your asset operations central or decentralise them.

With streamlined user access, your colleagues onsite will be able to scan and interact with your assets, contributing to your overall audit reports and your overall data.

This gives you more information than a spreadsheet ever could without you needing to lift a finger! Furthermore, if you already have an asset list on your spreadsheet, you can simply import that data into an asset tracking system with ease.

itemit does all of this and more. With itemit, you can track your colleagues’ equipment bookings, manage a powerful asset register, and run streamlined and quick reports to pinpoint specific data trends.

The best way to manage an asset register is by using a system dedicated to that end. Not only is itemit built for asset management, but it’s also built from feedback from every industry, meaning there’ll be something in there to help your needs specifically.

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

Instant access. No credit card details required.

or, download the itemit app to get started

Managing assets remotely during the pandemic has got you at your wits end? Trying to get to grips with the increasing demands and difficulties of asset management?

Luckily, you’re at the right place. Though asset management has always been a mainstay for business, the entire pandemic fiasco has knocked economies for a loop. Consequently, there’s been a major shift to employees working from home rather than from offices.

To survive in today’s cutthroat markets, businesses must stay on top of the trends and remain adaptable-after all, adaptability translates to survivability. 

This is where itemit’s asset management software solution enters the scene. Highly advanced and assorting an array of powerful features, it is a one-stop solution for all your asset tracking-related problems. 

Whether you’re well-versed with asset registers or new to asset tracking software, a quick overview never hurts. A coherent understanding will enable you to better utilise itemit’s asset register.

An asset register is simply an asset management software solution – both terms are synonymous. What itemit’s asset register accomplishes, however, is that it makes it easier for you to keep a detailed record of all your assets. 

From creating unique asset profiles to storing essential asset details to grouping assets into categories, itemit’s asset register has it all. Nonetheless, what sets itemit apart from the competition is that it is a highly scalable solution. 

What this means is that it can fulfil a wide range of asset tracking purposes from IT asset management to fixed asset tracking. However, that’s not all. The asset management software solution is scalable, allowing multiple users to collaborate, add, and edit asset information on the register simultaneously.

The pandemic has businesses all around the world running for their money. These are uncertain times and uncertain times call for frugality. You need to be on your toes and save wherever you can to build up that buffer in case you need to shut down business operations immediately. Asset tracking reduces losses in many different ways. Be it better planning, or improved resource utilisation, asset tracking has it all.

For instance, asset tracking allows you to track when an asset’s maintenance is required. Timely repairs help increase an asset’s lifespan and prevent the likelihood of equipment breakdown.

When you’re working from home, you don’t have the advantage of having all relevant personnel and information available in the same building. You need a robust asset information storage system to keep things running smoothly. Routine business functions often involve frequently accessing asset data. From advanced asset bookings to managing asset inspection schedules, your asset’s data is pivotal in many different situations. 

When asset data is both readily available and easily accessible, your business’s productivity increases. This culminates in the form of better asset track and improved customer satisfaction.

By making use of improved asset tracking, you can better analyse customer trends and buying patterns, ensuring that high-in-demand products are always stocked up in your inventory. Naturally, this leads to more satisfied customers, giving you an edge over your competitors.

Frequently misplaced and lost assets was one of the major hurdles faced by employers during the earlier stages of the pandemic. Alongside monetary loss, it also leads to a dip in employee productivity. 

Likewise, asset theft is very common when businesses suffer from a lack of accountability. However, itemit’s asset register can intervene. By clearly showing the detailed logs of the last assignee and last seen location, employees “casually misplacing” assets is out of the window.

Keeping track of all the equipment can be quite a hassle. Say, for instance, you had to use a certain software on your laptop. However, the licence date of the software has passed, and you need to request your supervisor to renew said licence. Had the supervisor automatically renewed the licence by keeping track of the expiration date, this entire scenario would not have taken place. Therefore, not only is this frustrating for employees, but it also kills productivity.

Using an asset register, you could have avoided this entire back-and-forth communication. By simply setting a reminder for the software on itemit’s asset register, you would have been automatically reminded via pop-up notification and the issue could have been resolved promptly.

Initially, the massive shift to remote work resulted in a tremendous amount of complications. All of a sudden, employees needed proper laptops, headsets, and cameras to operate satisfactorily from their homes. Inadequate asset management led to many businesses suffering from back-breaking losses-many which never recovered and plunged into debt.

Compared to your traditional means of asset tracking, itemit’s advanced fixed asset register is like a breath of fresh air. Rather than spending hours upon hours scratching your head, itemit makes all your worries disappear with a simple tap of a screen.

Furthermore, the asset register comes with built-in asset tags support and GPS tracking. Asset tags allow you to access asset data at a moment’s notice by scanning a physical tag. This then displays all relevant data regarding the asset, such as the last seen location, and the assignee, both of which aid in asset tracking.

itemit’s asset management software solution can make all your troubles disappear into thin air. Whether you want to track which employee has a certain laptop, or if you want to create a reminder for assets inspection, itemit should be your go-to asset management software solution. 

Signing up for itemit’s asset register is a decision you will surely not regret. To find out more about how itemit can help your business, book a demo here. You can also contact the team at team@itemit.com if you have any questions. 

Start your 14-day free trial by filling in the form below.

Instant access. No credit card details required.

or, download the itemit app to get started

Asset tracking is undoubtedly one of the most important business functions that you’ll carry out on a day-to-day basis.

Whether you simply want to increase accountability, reduce losses or boost productivity, itemit’s asset tracking software is a one-stop solution that’ll make all your worries disappear! 

Read on to learn more about how asset tracking software can help you achieve your particular business goals.

Let’s start off by discussing why asset tracking is so important. The assets that a business owns encompasses all the possessions that do or will help it produce a good or deliver a service.

These could be anything ranging from buildings, land and furniture to IT equipment, software and small office fixtures.

While it goes without saying that a business should keep track and manage all of its assets, it is equally important to understand why doing so is beneficial for the business. Listed below are some of the major reasons why asset tracking is considered to be a fundamental business process.

Routine business functions may involve checking in/checking out different items. At times like these, asset tracking comes in handy. Be it for locating your assets or updating the amount present in your inventory, your assets data is indispensable in many similar situations. 

That’s not all. By knowing where your assets are, and who has them, you can rest assured that all your assets are accounted for. With the ease of accessibility of your assets data, your business’s productivity improves accordingly.

Confused about how asset tracking can improve customer service?

Let us explain with the help of an example. Imagine your business does not track assets. As a result, your stock will be out of high-in-demand items quite often. By employing asset tracking to better analyse customer buying patterns, you can ensure that popular products are never out of supply. Consequently, your customer’s satisfaction will improve, leading to more loyal customers and giving you an edge over your competitors in the market.

Arguably the greatest advantage of asset tracking is that you manage to cut back on expenditure. Whether it be preventing duplicate purchases, improved resource utilisation, or timely asset maintenance, asset tracking goes a long way in helping you reduce time and capital investment.

An apt example of asset tracking assisting you in reducing losses could be related to duplicate purchases. For instance, asset tracking allows you to keep track of all acquired assets and reduce the likelihood of purchasing excess/duplicate assets, which would then inevitably go to waste.

Many businesses register their assets in extensive lists and spreadsheets but now there is a much more efficient and secure alternative: asset registers. Asset registers are easy to create with asset tracking software.

These asset registers are highly effective at preventing asset losses and duplicate purchases because your data is visible, usable, and always editable. 

Rather than sifting through hundreds of cells in a spreadsheet, asset tracking software allows you to edit and manage asset data, all contained within a single, unique asset profile. 

Asset tracking software allows businesses to have a clear overview of their asset data efficiently and concisely. Adopting this new technology can give your business the necessary push to revolutionise the way asset management is carried out, undoubtedly making your business more efficient. The merits of using asset tracking software are innumerable. Some include:

Asset tags are physical tags attached to an asset. They contain a unique code, linking a physical entity to its online counterpart. Rather than looking up an asset, you can simply scan the unique code to access the asset’s stored data. This aids your business by saving time, increasing automation, and therefore improving productivity.

Moreover, every time an asset’s tag is scanned, that asset’s last seen location and the user who scanned the tag is updated automatically. With a clear and concise audit trail of who has been interacting with your assets, tracking your assets becomes a doddle.

The ease of use that comes bundled with asset registers allows you to access your assets data in a much more streamlined way. Asset tracking software allows you to add and remove many different types of information related to fixed asset management, such as the assignee and the depreciation.

On top of that, asset tracking software systems are shareable amongst your team. What this means is that you and your entire team can use the asset tracking software simultaneously for different individual purposes. While one team uses the asset tracking software to carry out IT asset tracking another team can monitor and create asset maintenance schedules.

Though it may be difficult to translate into costs, asset tracking software can save your hours upon hours of manual labour. The work done in say, an hour manually, can be completed in mere minutes using asset tracking software. This accumulates: over the course of a fiscal year, it may save you hundreds of pounds in salaries alone!

Similarly, the time freed up by using asset tracking software can also be put to use. For example, say that you’re working in the construction industry, dealing with construction equipment asset management. 

For the sake of understanding, let us assume that all of your projects are of the same length. If asset tracking software saves you 10% of the time taken to complete a single project, after 10 projects you could take on an entirely new project by simply using the time saved!

Naturally, the best asset tracking software depends on your specific needs and requirements. Therefore, a good asset tracking software must be both streamlined and versatile, capable of adapting to any requirements of your business.

Whether your business deals with construction or baking, a good asset tracking software lives up to expectations, delivering optimal performance in any scenario. 

It is equally important to note that the core features of an asset tracking software must always be present. These include an asset tracking software’s ability to track your assets, store their data and present data in a coherent form. Such elements help cement an asset tracking software as a worthy contender amongst competitors.

The market is full of many different asset tracking software. However, compared to its competitors, itemit comes integrated with a powerful toolset from the get-go.

itemit gives you a range of features, including the ability to track asset locations, recognise images via AI and log assignees.

These features contribute to your asset’s data, and whenever an update is made against an asset’s profile, the asset’s data is updated automatically.

This increased automation makes your daily asset tracking tasks a cinch-and with more time on your hands, your business’s productivity is bound to increase.

All the data that you track and log against your assets is stored within itemit. A nifty feature of itemit is that it allows you to display your assets data in any shape or form. Be it a report, or an export, you hold the reins to decide what is shown, and how it’s shown.

Compared to competitors such as Cheqroom, AssetPanda and Assetware, itemit’s tracking software holds a distinct advantage. From transparency over data to access on the go via mobile app, itemit has it all. itemit provides you with everything that you’ll need to implement fixed asset management and its various operations.

That’s not all. With itemit, you also benefit from its shareability. Essentially, what this means is that you and your colleagues can utilise itemit’s robust suite of asset tracking features, creating asset tracking processes that are self-sufficient.

Businesses come in all shapes and sizes, each with its own market-specific requirements. No matter what niche your business may cater to, it can utilise asset tracking to its advantage. Examples of where you can employ asset tracking vary from bakery asset tracking to high-value collection audits. In any such scenario, you can use asset tracking software for numerous benefits.

If you’re a business owner in the construction industry, you’d agree that well-maintained assets generally have a longer lifespan. Well, this applies not only to construction but to any other business as well. To keep your assets well-maintained, itemit provides you with the functionality of updating you via pop-up reminders- this way you’ll never miss an asset’s maintenance date again!

In addition, by scanning tools and equipment with asset tags, you can see the location and assignee of your assets. Construction generally involves a lot of transportation. Asset transportation is also very common. This often leads to assets misplacement. You can avoid such sticky situations with the help of itemit’s asset register, which tracks the location and the last custodian of the asset. 

Tracking assets must always be as simple as possible otherwise you’ll face difficulties communicating asset information with your employees. You’re in luck, however, for using itemit is child’s play. By sharing key asset records with collaborators, you can easily improve efficiency. This way, not only will you be comfortably within your proposed project budget, but also right on top of your project schedule.

Owing to the nature of IT companies, asset tracking software may well be a dark horse in improving your business productivity and accountability. 

IT companies generally lend out laptops and smartphones to their employees. Naturally, it is a no-brainer that all these devices need to be tracked carefully because losing even a single IT asset can be very heavy on your pocket. Manually tracking each asset can be quite a chore. However, itemit’s asset tracking software can help you out by allowing you to track each laptop’s assignee, address, value, and other details.

Using itemit’s asset management software solution, you can make sure that your assets are well maintained. By increasing the lifespan and reducing the downtime of your IT assets, you can rest assured that your business will see productivity rise tremendously.

Though it may seem unlikely, itemit’s asset tracking software can prove to be useful even in churches. itemit’s asset tracking software can help you keep track of any of your church’s asset’s inspection dates. Additionally, you and your entire team can access any information directly from itemit’s asset register. 

Moreover, by using asset tags, every time you scan one of your church’s asset’s tags, the location, date, as well as who scanned the asset, are all updated instantaneously. 

If that wasn’t enough to convince you, itemit’s asset management software also allows you to share and contribute up-to-date assets data in real-time. This way everyone can work in full coordination by always being on the same page.

The benefits of using itemit are countless. Improved productivity, increased efficiency, reduced losses-you name it: itemit has it all.

Not only does it come with a suite of unique features, but itemit also stands out from competitors with its impressive scalability.

Using itemit, you and your colleagues can take advantage of itemit’s asset tracking features, creating custom asset tracking processes that suit your business.

To find out more about itemit’s asset tracking software, you can book a demo here. To find out more details, you can also contact our team at team@itemit.com.

Instant access. No credit card details required.

or, download the itemit app to get started

“How can an asset register help me?”

“What do I gain from using asset registers?” 

“Are asset registers even worth it?”

If any of the statements above sounds even remotely familiar, you’re at the right place. In this blog, not only will we be discussing how asset registers work, but also how they help in cutting down business expenses.

Whether you’re well-versed with asset registers, or if you’re just starting, by acquiring a comprehensive knowledge of how asset register software and all its features work, you’ll be better able to apply and utilise the software solution to maximise your business’s profits.

It goes without saying that an asset register is a software solution used to manage assets. However, an asset register is far more than the name lets on.

For starters, compared to traditional spreadsheets, asset registers provide you with the functionality to automate asset management. Rather than selecting and editing individual cells in a spreadsheet, an asset register allows you to edit and manage asset data, all contained within a single, unique asset profile. 

An asset register is highly effective at preventing asset losses and duplicate purchases because your data is visible, usable, and editable at all times. From tracking to summarising data, asset registers have it all. Furthermore, an asset register lets you have a clear overview of your assets efficiently. With a fluid and streamlined system, asset data such as locations and check-in/check-out status are updated automatically. 

By adding accuracy and accountability via itemit’s asset register, you’ll take strides in cutting both money and time expended. Though a simplistic snapshot of your assets is worthless when it comes to the legal intricacies of tax and insurance, an automated, streamlined asset register may yet prove to be your trump card.

If the paragraphs above went over your head, simply read on to make sense of the jargon overhead! 

By tracking fixed assets data, you can log their respective locations, service history, and assignee\s. These processes are crucial for any form of asset tracking to help reduce asset loss, duplicate purchases and address any issues surrounding accountability.

At its core, the goal of fixed asset management is to provide users with visibility and control over their assets. Using this visibility and control, you can mitigate risks such as ghost and zombie assets while simultaneously tracking the valuation and depreciation of your assets.

itemit’s asset register software comes bundled with an array of powerful tools. From GPS-enabled location tracking to AI-powered image recognition, you can use every tool to save up on time and money. 

From speedy and effective asset operations to clarity and transparency, an asset register can both minimise and help in identifying ghost assets. This begs the question: “When should you use an asset register”?

Starting off, you should use an asset register when interacting with assets and collecting data. For instance, you may use this for daily operations, or alternatively for weekly audits.

By making use of the dedicated features of itemit’s asset register, you can reduce your workload considerably. Say that you’ve come across a fault in an asset. Rather than notifying all those concerned, a simple tap to report an issue on itemit will instantaneously update all the relevant employees.

This reduces the time spent on manual notifications, and thus consequently eliminates the cost of the communications channel. Similarly, asset tags can help with this too. Asset tags are physical labels that you can stick onto your assets and link with digital asset profiles. Scanning an asset tag will automatically log the time of the scan, the person who performed the scan, and so forth.

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

By using an asset register to collect asset data, all of your respective asset data will be automatically logged and updated on a reporting page. These logs can be used for tax and insurance purposes. 

By utilising this functionality, you’ll be less likely to either miss out on assets or conversely add too many. By giving you accurate tax returns, the asset register can help you steer clear of hefty fines.

Likewise, it’s also possible to use your asset register system as fixed asset register software. By doing so, you’ll be able to track depreciation for your fixed assets, which can help you save considerable chunks of money in the future.

Fixed asset audits are sped up when you’re both physically auditing a location or when you’re auditing the costs, status, and existence of your assets. Naturally, this will help reduce the time expended in what is usually a time-intensive, laborious task.

The three characteristics shared by every reliable, cost-efficient system are transparency, fluidity and accuracy. This is why itemit’s asset tracking software saves you the most money: it is one of the very few systems that can reliably give you all three at once. 

Not only does itemit’s asset register allow you to track assets and their details, but it also provides you with a seemingly endless array of features. To find out more about how your business can save money using the itemit fixed asset register, contact us at team@itemit.com. We are always happy to assist you with any queries you may have. 

Alternatively, you can start your 14-day free trial and experience itemit’s software solution for yourself. Fill in the form below and test out its features today!

Instant access. No credit card details required.

or, download the itemit app to get started