A fixed asset management system will help you keep track of what you own better. You’ll be able to use an effective, customisable, and affordable solution to ensure that you lose fewer tools and can audit more effectively.
A fixed asset management system allows you to log all of your assets onto a single fixed asset register. You’ll then be able to filter and customise this to view data in a more granular way.
As you’ll be tracking unique fixed assets, all of the data you collect will be visible in bulk, so that you can view trends, or against an individual asset, so that you can view specific information.
The Benefits Of A Fixed Asset Management System
The primary benefit is that you’ll be tracking unique fixed assets in unique profiles. This way all of your data asset tracking comes back to the physical assets and no data is lost between auditing and logging information.
As you’ll be able to use asset tags, too, your fixed asset register will relate specifically to your assets. In other words, if you see a damaged asset you’ll be able to scan the asset’s tag to log that damage on your system.
This way, all of the information you need to see against specific assets is visible, manageable, and customisable. When you collect data, it contributes to your fixed asset register, too, creating something more transparent and automated.
The Best Fixed Asset Tracking Features
The idea of fixed asset tracking is to keep costs down and keep assets running as effectively as possible. Therefore, many fixed asset tracking features have been implemented for this very reason.
For example, you’ll be able to run asset audits to verify that all of your assets are exactly where you should be and to find any missing assets with much greater ease.
You’ll also be able to track asset maintenance effectively and schedule it using your fixed asset management system, meaning there is a clear view over asset condition.
Finally, as your fixed asset tracking system will work on a cloud-based basis and in real-time, any changes you make will be reflected on your fixed asset register instantly.
Using Your Fixed Asset Register
Your fixed asset register will be usable for many different insurance and financial purposes. After you’ve logged your assets onto your fixed asset management system and have started tracking them, any changes that happen afterwards will be automatic.
Therefore, you’ll be able to use an accurate fixed asset register, free of ghost and zombie assets, to prove ownership and responsible use of your assets when filing expenses or insuring your business.
You’ll also be able to use custom filters to see specific asset-related information, such as which assets have missed a maintenance date or which assets have been checked out and to whom.
To find out more about the benefits of itemit’s fixed asset management system, 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.
Why not check out these blogs:
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