From Hours to Seconds: How A Bank Streamlined Asset Management and Boosted Efficiency with itemit

In the fast-paced world of finance, efficiency and precision are crucial. Standard Bank Ltd, like many financial institutions around the world, faced the daunting challenge of managing a vast array of critical assets, such as IT equipment and essential banking equipment. Their outdated legacy system, a sluggish, multi-tabbed Excel spreadsheet, was holding them back. Standard Bank decided that enough was enough, they knew there was a more intelligent and streamlined solution out there, they just had to find it. The Solution? itemit, a fast paced and intuitive asset management tool.

Before implementing itemit, Standard Bank relied on a painstaking Excel spreadsheet (with many many tabs!) for asset tracking – a story we have heard many times before! Waiting up to five minutes for a single file to load was more than just frustrating; it was a roadblock to productivity that they needed to curb! Data extraction was laborious, requiring endless filtering, formula work, the use of multiple systems and manual compilation. These inefficiencies left assets vulnerable to being misplaced, mismanaged, or lost entirely. Standard Bank realised that they needed a solution that matched their fast-moving operations, so they could leave their outdated legacy system behind them once and for all.

Recognising the need for a cutting-edge approach, Standard Bank turned to itemit—and the transformation was immediate. With a seamless transition, they successfully migrated their existing data using itemit’s intuitive import feature.

Standard Bank’s asset management took a leap forward. Device models were now easily organised and structured under ‘Collections,’ while ‘Locations’ were mapped out with pinpoint accuracy, including distinctions such as stock and work-from-home allocations. No more hours lost scrambling through clunky spreadsheets, just clear, structured data at their fingertips.

With itemit’s robust search and tracking capabilities, finding specific assets also became instantaneous and easy. For example, searching for a laptop’s serial number now immediately reveals crucial details such as the assigned user, email, and deployment date. Crucially, the ability to add custom information properties in itemit meant that all of their previously existing data fit snuggly into a beautiful dashboard, there was no major restructuring required to get itemit up and running – the beauty of a customisable off-the-shelf solution was clear! Previously lost information, such as motherboard or screen replacements, can now be recorded using features such as itemit’s ‘Issues’ section, which combined with the continuous audit history of all actions relating to the asset (which never goes away!) gives them complete confidence that they have a clear and accurate picture of any asset’s historical life.

The game-changing impact of itemit is undeniable. For Standard Bank, asset tracking was once a tedious and error-prone task, that has now became a smooth, intuitive process that no longer feels arduous. One of the most transformative benefits of itemit for Standard Bank has been its powerful reporting functionalities, both automatically generated and custom built. What once required complex Excel formulas and manual extractions can now be accomplished with a few clicks. itemit gives Standard Bank the answers that it needs without them even having to go searching for them. The ‘Reports’ feature in itemit allows users to generate, edit, and export reports instantly in CSV or PDF formats – without having to apply any sorting or formulas! Additionally, the ability to save ‘Custom Reports’ has streamlined recurring asset management tasks, such as identifying outdated hardware in need of replacement, and allowed different departments to instantly access the information they are really interested in. Huge time savings all round.

Even itemit’s asset tagging features, while not the bank’s primary focus, was an unexpected win. Standard Bank has found the asset tagging feature remarkably simple to implement, specifically noting that the ease of linking a QR code to an existing asset profile ensures assets remain fully traceable with minimal effort. Who doesn’t love a solution that goes above and beyond your expectations?

By embracing itemit, Standard Bank Limited didn’t just upgrade their asset tracking, they completely transformed it. Faster load times, powerful search capabilities, and intuitive reporting have empowered their team like never before. Encouraging accountability and cross collaboration has never been easier. What once took hours can now be accomplished in seconds, freeing up valuable time to focus on strategic initiatives.

For financial organisations still wrestling with outdated asset tracking methods, Standard Bank’s success proves one thing: itemit is the smarter, faster, and more efficient way forward.

Do you have an asset tracking challenge that itemit can help with?

Here at itemit we love understanding how our customers are using itemit to achieve their own inspiring missions – the more unusual, the better! If you’ve got an idea of how you might be able to use itemit and want to run some questions by our experienced team members, drop us an email to team@itemit.com – we look forward to hearing from you and achieving great things together!