How important is fixed asset tracking software?

Fixed asset tracking will save your business time and money. Fixed asset tracking software is effective at giving you a clear view of what you own, and giving you the ability to export and share asset-related data.

You’ll also be able to use asset tracking software to view where your assets have been and interactions related to them. So, overall, you get a full audit trail of the interactions your colleagues have had with your assets.

 

How Fixed Asset Tracking Software Saves You Time And Money

Fixed asset tracking software saves you time by streamlining and automating many of your existing operations. You’ll already spend time on finances, asset expenses, and insurance. Asset tracking software allows you to add this data and export it to your accounting team.

As you’ll be able to use asset tags, you’ll save time on editing and adding asset data overall. When you scan an asset’s tag, the last seen location will update and the asset’s digital profile will open.

You’ll be able to add data to this online profile which will contribute to your fixed asset register. This way, you’ll be able to maintain an accurate asset register without needing to put as much time into its maintenance.

Tagging and Tracking with QR Code Asset Tags

You save money, therefore, as there are fewer gaps in your accounting and auditing. You’ll lose fewer assets, meaning less money spent on replacements, but the additional accountability also means that you’ll mitigate the risk of ghost and zombie assets.

 

How Fixed Asset Tracking Software Helps You Scale

Any asset is trackable and has its own story. This will be reflected in your asset tracking software. So, when your business is scaling you’ll be able to add newer critical assets to your register and track them in a consistent and accurate way.

The software itself will scale as your business does, so you’ll be able to track hundreds of assets with the same ease that you’ll be able to track thousands.

Due to effective equipment management, maintenance tracking, and asset tagging tools, no matter the number of assets you have, you’ll be able to maintain a clear view of what’s happening within your business.

In turn, this helps your business scale as you’ll be able to save time when you’re onboarding staff and in your existing operations, as reporting issues will be simpler and faster, reducing asset downtime.

 

Who Does Asset Management Help?

Any business in any industry can benefit from asset management operations. This is because you can implement your asset tracking software for a variety of different purposes.

Therefore, you’ll be able to create robust IT asset management procedures as well as improve construction equipment tracking or high-value asset management.

As you can track any asset with your asset management software, it means that you’re not tied down to any specific operation and have the freedom to track your assets however you need to.

To find out more about itemit’s asset tracking software, 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:

The Benefits Of Heavy Equipment Maintenance Software

Why you Need An Asset Management System

What Are QR Code Asset Tags?

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