What To Look For In Your Fixed Asset Management Software

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

Fixed asset management software will:

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

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

What Is Fixed Asset Management Software?

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

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

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

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

Which Asset Tracking Features Do You Need?

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

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

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

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

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

The Benefits Of A Cloud-Based Asset Management Software

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

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

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

To find out more about how itemit fixed asset management software can help your business, you can book a demo using the button below.

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

Why not check out these blogs:

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