Why Tools Tracking Software Helps Your Business

Why Tools Tracking Software Helps Your Business

Why Tools Tracking Software Helps Your Business

Tools tracking software gives you more visibility and control over the tools and equipment your business owns. In turn, this will save your business time and money.

What is tools tracking software? It’s a type of asset tracking software that allows you to log tools as unique asset profiles. Then, you can populate these profiles with critical information, such as prices and movement data.

How does all of this help your business?

Why You Need Construction Equipment Asset Management Tools


More Accountability

First and foremost, tools tracking software gives you more accountability. Asset profiles are comparable to social media profiles as this is where an asset’s information is held and updated.

Therefore, being able to track, manage, and see this data helps bring your tolls and equipment to life. Your assets are more visible and have more personality than if they were simply “another spanner”.

You also gain accountability by tracking tools and equipment as you can monitor maintenance dates using reminders, for example, and track asset issues. This means that your tools are running more smoothly and that they get the attention they deserve.

This level of accountability translates to a responsible workforce, fewer misplaced assets and a higher level of successful asset maintenance, increasing the longevity of your tools.


Save Time

Tools tracking software comes with a lot of time-saving benefits, too. These benefits save you money as if you’re spending less time auditing or tracking asset locations, you’re spending more time running a business.

Audits are necessary and you need to know where your assets are so that you’re less likely to lose them. So, tools tracking software lets you use asset tags to speed up both processes.

Asset tags are physical tags that you stick onto your tools. You can then pair a profile to its corresponding asset by scanning this tag. Then, you can use the tags to automate some operations.

For example, every time you scan an asset’s tag, that asset’s last seen location and the user who scanned the tag updates using your phone’s GPS. This gives you an audit trail of who was interacting with assets, when, and where.

Then, you can run audits by scanning all of the asset tags in a location to ensure that everything is still there, where it should be. This can save you many weeks a year.


Save Money

Return on investment is difficult to assess when it comes to asset tracking software. This is because the cost of your assets come into play as well as the time you save as well as the fact that asset tracking software reduces purchases.

However, asset tracking software does give you a return on investment on all of these things. When you track your tools you will:

  • Lose fewer assets
  • Purchase fewer duplicates
  • Save money on petrol for asset retrieval
  • Stop tools mixing between yours and other businesses
  • And more!

Then, you also get the other benefits mentioned above, overall saving you a lot of time and a lot of money and giving you a high return on investment.


itemit’s Tools Tracking Software

itemit is a malleable, easy-to-use tools tracking software. Because of this, you can scale itemit to work for many different purposes including fixed asset management and IT asset management.

itemit lets you add, track and manage any type of asset whatsoever, meaning you’re not tied to tools and meaning it doesn’t matter what industry you’re in, we work with them all.

To find out more about how itemit’s asset tracking software can save you time and money, 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.

Tools Tracking Software

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How Does IT Asset Management Save You Money?

How Does IT Asset Management Save You Money?

How Does IT Asset Management Save You Money?

IT asset management is a set of operations designed to increase accountability and transparency. You can also use these operations to save time and money.

In a sense, IT asset management was created for accountability purposes for audits and insurance and wasn’t initially designed to save you money. 

Because of this, most IT asset management operations start off as a spreadsheet. These aren’t fit for purpose as spreadsheets quickly become out of date and create the impossible task of maintaining data.

This is where IT asset management software comes in.

How Does A Fixed Asset Register Work?


Logging Your Assets

The core of any asset management is logging assets. Assets must be logged correctly for auditing purposes. The idea behind this is that you own a record of what your business owns, then you use this record for accurate tax returns and insurance.

Initially, this saves you money as you avoid fines or inaccurate returns. However, using a spreadsheet for this increases risks such as ghost and zombie assets and, therefore, fines.

IT asset management software was created as a way to allow you to log assets as profiles and manage and monitor unique asset data in an easy way. Therefore, you can add your assets and populate them with information, reminders and critical attachments. This then populates into an automatic and exportable report.


Using IT Asset Management Software

IT asset management software lets you populate asset data against specific asset profiles. Using this method, you instantly increase your accountability over your assets as tracking becomes easier and more user-friendly.

Instead of searching for an asset in a spreadsheet, asset tracking software gives you an interface to interact with assets in a clearer and more fruitful way.

Software also has the benefit of being fluid in a way that spreadsheets can’t achieve. You can add all the formulae in the world, or, you can add purchase date, cost and effective lifetime and let a system calculate the rest for you.

These kinds of benefits save you time and, therefore, money as you can focus on other things and leave your asset management efforts to handle themselves.


Using Asset Tags

Asset tags further improve your time and cost saving capabilities. Asset tags are physical tags that you can stick onto your assets. Then, you can link these tags to their corresponding profiles.

In other words, a laptop can be linked with its digital “laptop” counterpart to ensure uniquity and ease of tracking. Every time you scan an asset’s tag, that asset’s profile also opens, ready for edits such as maintenance notes or issues reporting.

As you can see, every scan also updates your assets’ last seen locations using your phone’s GPS data. This gives you a clear, fool-proof audit trail of where your assets have been and reduces the chance of asset loss.


itemit’s Asset Tracking Software

itemit’s asset tracking software integrates all asset management capabilities. Therefore, when you use itemit, you’re not tied down to IT asset management or fixed asset management or tools & equipment tracking, you can do all of the above.

itemit provides you with a streamlined system where you can add your assets, add data to them, tag them and track them. The ease of use you get saves you time and money by reducing risks of gaps or a loss of accountability every step of the way.

You can find out more about how itemit can help you track your IT assets by filling in the form below to start your 14-day free trial. You can also contact us at team@itemit.com with any questions. We look forward to speaking soon!

IT Asset Management Software

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How To Use Hospital Asset Tracking Software

How To Use Hospital Asset Tracking Software

How To Use Hospital Asset Tracking Software

In the busy environment of a hospital, it’s almost impossible to manage, keep track of and maintain assets. However, a healthcare environment is where maintenance makes all the difference as pre-emptive maintenance helps with the consistent running of a hospital.

Therefore, you need a system that is adaptable, speedy and fluid to keep track of your assets. A return on investment on speed alone is a great return in a hospital, but asset tracking software gives you more, saving you time and money.

But, how do you use hospital asset tracking software?

Using Asset Tracking Software For Healthcare


What Is Hospital Asset Tracking Software?

Hospital asset tracking software is a system where you can log, track and monitor your asset data. Essentially, you can log each of your assets as a unique profile and add information to this.

In other words, each of your assets will have a digital version. This is commonly used for IT asset management with laptops, for example, and fixed assets with furniture.

This can be applied to any assets, including healthcare assets. All assets are unique and, therefore, have data you can add to them and monitor. This can be anything from pricing information to maintenance reminders.


Logging And tracking Your Healthcare Assets

The critical part of using hospital asset tracking software is logging. When you log your assets, you automatically create a healthcare asset register.

The great thing about hospital asset tracking software is that each of your assets gets a unique profile. Then, you can populate this profile with data and information about your assets.

In terms of a spreadsheet, the assets themselves are a row and the data is columns. So, maintenance dates are one column where the kit is row by row.

Therefore, when you add asset data to each of your asset profiles the data is populated within your healthcare asset register, too, in a streamlined reporting page that you can then export into a spreadsheet for tax and insurance audits.


Fixed RFID Asset Management

You can track things like costs, maintenance reminders and asset issues within an asset’s profile. This gives you an instant return on investment as it streamlines existing operations.

You’ll also need to know where your assets are at a given moment. This is where fixed RFID asset management comes in. Fixed RFID asset management gives you a quick, streamlined way of tracking your assets.

The way fixed RFID asset tracking systems work is by detecting whenever assets move in, out, or within a location. In other words, if an asset moves from ward one to ward two, your fixed RFID hardware will detect this.

Hospitals are using fixed RFID asset management for speed benefits, but it also has the benefit of automatic, hands-free audits that don’t disturb patients. The possibilities here are endless, here, as you can configure your RFID usage for streamlined, automated asset management and tracking.


itemit’s Healthcare Asset Management Software

itemit’s healthcare asset tracking is unique. With itemit, you can track and manage any asset and use a variety of tracking technologies to maintain the highest level of accountability possible.

With itemit, you can mix and match QR codes, barcodes, RFID tags, and more! This means that you get speed, accountability and transparency where you never would have before.

itemit lets you have more speed and control without sacrificing accuracy, too. With a spreadsheet, you have more gaps and less speed, so you end up with a negative return on investment. itemit lets you do more.

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

Hospital Asset Tracking Software

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or, download the itemit app to get started

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The Best Assets To Add To Your Asset Register

The Best Assets To Add To Your Asset Register

The Best Assets To Add To Your Asset Register

An asset register is a list of all the assets your business owns. There are many different types of asset register, including IT asset registers, fixed asset registers and more.

What you add to your asset register will, in part, depend on your business. Your fixed assets will be similar to other businesses to an extent as they will include laptops, phones and monitors. In the same way, your IT asset management operations will also be similar.

However, the additional, extra, weird and wonderful assets are what make your business. Whether that’s your office plant, mascot or if it’s a piece of bespoke kit.

What Should You Log On IT Asset Register Software?


Fixed & IT Asset Management

So, let’s start off with the basics. Fixed asset management and IT asset management are essential to your business. Therefore, you need to add all of your fixed assets to your asset tracking software.

Therefore, you’ll need to add each bit of furniture, each laptop and each tool that you and your colleagues use. The idea behind this is that you can track what your business owns, who is using it and how.

Overall, this provides you with a transparent fixed asset register that you can then use for tax and insurance purposes, as well as to prevent risks such as asset losses or duplicate purchases.

Everyone will track their IT assets in a similar way and so your asset tracking software is guaranteed to handle IT asset management and fixed asset management on a basic level at the very least.


Bespoke Equipment & High-Value Assets

Next, it gets a bit more complicated. If you’re asset tracking for a lab or if you have high-value asset audits you need to adhere to, you’ll need to add these assets to an effective asset tracking software.

While most asset tracking software will handle IT asset management or fixed asset tracking, if your assets are more niche, you may need to look further for better software.

For example, for high-value assets, you may need to use RFID asset tracking to conceal your asset tags or you may need more customizability or fluidity if you’re tracking lab equipment.

When you opt for a customisable system that has unique asset management at its core, you’ll be able to add any assets and manage them, even adding them to your fixed asset finances.


The Best Assets To Add To Your Asset Register

So, we’ve established the best of business asset tracking. You need to be able to track IT assets, fixed assets, and your business’ other assets on your asset register.

Once you’ve done this, you can run reports on these assets, export your fixed asset register and save time and money. The more customisable your asset management software is, the more time and money you save.

So, with all of that, what are the best assets to add to your asset register? It is, of course, the weird and wonderful. The best asset tracking software is built to let you track and manage any asset. 

Therefore, why not add your office’s plant to your asset tracking and track who watered it last? Why not add your mascots and your pictures and everything else that makes your office your office?

The best asset tracking software lets you do what you like with your asset management. Make the most of it and add unique data to whatever you like.


itemit’s Asset Management Solution

itemit’s asset management solution lets you keep your business’ assets separate from your fun assets, but that doesn’t mean that fixed asset management isn’t made simple and fun with the system.

Companies from around the globe use itemit to track a huge range of different types of assets. We work with theatres, labs, universities, film production companies, charities and more.

If you have asset management needs that you think may be too complex, why not contact our team? We’ll walk you through what your asset tracking will look like and consult with you on your options.

Find out more by contacting us at team@itemit.com. If you want to give the system a go for yourself, you can fill in the form below to activate your very own 14-day free trial.

Asset Register

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What Return On Investment (ROI) Does Asset Management Software Give You?

What Return On Investment (ROI) Does Asset Management Software Give You?

What Return On Investment (ROI) Does Asset Management Software Give You?

Asset management software provides you with a return on investment in multiple different areas. When you track and manage your assets you get:

  • More control over assets
  • More visibility
  • More transparency
  • Monetary savings
  • Speed savings

But how does asset management software provide you with a return on investment?

How To Choose The Best IT Asset Management Software For Your Business


Flexible Set-Up Costs

First of all, you need to look into what it costs to set up and use your asset management software. Thankfully, your costs will scale alongside your asset tracking.

You only need to opt in for packages or hardware that provides you with a return on investment. For example, fixed RFID asset tracking can be costly to implement. This means it’s only worth using if it’s saving you more money in lost assets.

Asset tracking software packages are banded by asset count, too. So, if you’re tracking 500 assets, you’re earning the ROI by improving operations and visibility for 500 assets. Therefore, you’ll pay less when you’re tracking 500 assets than when you’re tracking 10,000.

After you’ve invested, how do you then get the costs back?


How Asset Tracking Software Saves You Time

First of all, asset tracking software saves you a lot of time. With asset tracking software you can shave weeks off your operations due to the optimisations you have access to.

For example, when you use asset tags, you can instantly update asset data and information. This means that adding asset issues, for example, is a simple case of scanning a tag, typing the issue and hitting “submit”.

Every time you scan your assets’ tags their last seen GPS locations update, too, giving you an audit trail of who has been interacting with which assets and where.

This provides you with a range of optimisations which, in turn, save you money as your efforts can be focused on things with a direct impact on revenue.


How Asset Management Saves You Money

A robust fixed asset register saves you money as it means that you’re less likely to purchase duplicate assets or misplace assets. This is due to the additional layers of accountability and transparency you get.

When you use the best asset management software, a fixed asset register is created and updated automatically with every asset you add and every update you make. 

Having an automated system such as this has time-saving benefits, but it also saves you money as it keeps tax and insurance audits clear, transparent, and easy to perform.

This is because you simply need to export your asset register to then be sent to any critical stakeholders who can then view and verify your asset data.


itemit’s Asset Management Software

itemit gives you all of this and more. With itemit, you have flexible asset management capabilities, including the ability to mix and match your tracking technologies.

itemit is the only system on the market that lets you track your assets with barcodes, QR codes, GPS trackers and RFID tags, meaning you can choose your level of return and investment.

We understand that every asset is different and so our system is customisable and easy to use. This also means that you can opt for more powerful, expensive systems for high-value assets to generate more ROI, or keep your asset tracking on a smaller scale.

To find out more about how itemit can save you time and money, 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 Management Software

Choose a better way to track your assets

Start your free 14-day trial now

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or, download the itemit app to get started

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What Should You Log On Your Fixed Asset Register?

What Should You Log On Your Fixed Asset Register?

What Should You Log On Your Fixed Asset Register?

When it comes to optimising your asset operations, your fixed asset register should be where you head to first. With a fixed asset register, you can log, monitor, and save money on your assets.

What are fixed assets? Fixed assets are assets that you can’t easily convert into cash. So, unlike liquid assets, you can’t attribute banking data to them and will likely use them for a longer time.

How does a fixed asset register work? It’s a log of all of your business’s fixed assets and relevant data. This means that risks such as ghost and zombie assets are mitigated, as well as asset losses and duplicate purchases.

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


How Does Fixed Asset Management Software Work?

Fixed asset management software automatically creates a fixed asset register for you. This provides you with many different speed and ease-of-use benefits.

In other words, every time you add an asset to your fixed asset management software it automatically gets pulled into your fixed asset register. Then, every time you update an asset’s data it is also updated in your fixed asset register.

A good example of how best to use this is by using asset tags. With asset tags, you can automate many of your operations. All you need to do to report an issue, for example, is scan an asset’s tag and click “report”. 

This works as you will have linked your asset tag to the relevant asset. So, you can stick a QR code on a laptop and then every time you scan that QR code, the laptop’s asset profile opens ready for updates and edits.


Running Reports On Your Fixed Asset Register

Once you’ve logged your assets and are keeping them up to date, you can run reports on their asset data. This is where you’ll save a lot of time and money as reporting lets you pinpoint specific asset details.

For example, if one of your colleagues hands in their notice you can see all of the assets they have simply by heading to a reports page and adding filters to view this data.

These reports are all exportable as pdfs and excel spreadsheets. These are very handy for an automated way to create data for auditors and in creating a log of who has which assets and when.


Logging Fixed Assets & IT Assets

So, what assets should you log on your fixed asset register? The answer is quite simply anything that you need to track. With the best fixed asset management software, you can track depreciation with ease for example.

A good place to start is your IT assets as these will move around and change hands a lot and so creating a log of who has what and how much it costs is very useful. Then, you can expand into a few IT asset management operations to save money in that area.

Your system will be scalable, so after you’ve logged your IT assets you can then log different categories of assets, such as tools & equipment. This way, you can build an asset register from the ground up and add everything you need to piece by piece.


itemit’s Fixed Asset Register Software

itemit’s fixed asset register software gives you the ability to create and monitor a fixed asset register with ease. When you use itemit, keeping your data up to date is simple, meaning you’re much less likely to run into any costly gaps.

itemit comes with a full suite of features, allowing you to tailor the system to your needs. So, if you need a check in check out software you can use itemit; if you need to track your fixed assets you can use itemit and if you’re tracking high-value assets you can use itemit.

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

Fixed Asset Register

Choose a better way to track your assets

Start your free 14-day trial now

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