How Asset Management Software Can Save You A Headache

Feel weighed down by your never-ending to-do list? Well, with asset management software, taking care of your assets is one less thing to worry about.  A successful asset management solution can save you time, money, and lots of management headaches.

Asset management is a vital part of operations. Discover the benefits you and your team can enjoy with effective asset management software.

Above all else asset management software enables teams to be better organised. Asset management software provides a single online dashboard to view and manage assets from anywhere. Plus, itemit’s mobile application means you can access your asset data on-the-go. With this capability organisations can unlock new levels of control and visibility for you and your team, allowing for better planning and scheduling.

Any business is focused on maintaining cost-effective operations and financial clarity. With asset management software, organisations can easily create customisable reports for insurers or lease financiers at the click of a button. Organisations can generate administrative reports and gain an overview of potential issues or asset utilisation via actionable analytics. The automation powers of asset management software means businesses can continuously keep their records up-to-date. The improved data accuracy gives you and your team the confidence you need in your reports and auditing, which can aid in identifying misuse of funds and improve their financial forecasting.

Organisations can save money on maintenance with good asset management. During the operational phase of an asset’s life cycle, it is important for organisations to keep up-to-date on asset maintenance. However, often organisations can be reluctant to do so. Maintenance is a business expense that can cut into profits. Overdoing it can bring significant costs. On the other hand, under-maintenance can lead to reduced productivity. Maintaining up-to-date records of assets helps to prevent asset downtime, which ultimately increases productivity and keeps costs down. Plus, users can set up maintenance schedules in advance and be notified when routine repairs are due.

Asset management allows teams to better utilise their assets. Asset management software can provide teams with data on current usage, asset performance, and trends. Not only does asset management software let you see who has access to which equipment and when, but it can also allow users to reserve items for future use, and make orders. This ensures the right tools are in the hands of the right people at the right time. With asset management software organisations can gain greater understanding about asset behaviour, and what resources are needed where and when. . 

Asset registers can often contain assets that have been lost, damaged, or stolen, these kind of assets are known as ghost assets. Asset registers are an important tool for representing a company’s investments. If an asset register is haunted by a number of ghost assets then this can have a significant effect on financial assessments. With strategic asset management, organisers will be aware of these ghost assets and can eliminate them in the books.

itemit’s cloud-based and user-friendly asset management software is the tool you need to optimise your operations. An asset management system is essential for the success of any business.  Developing, operating, and maintaining  a varied inventory of assets is no mean feat but with asset management software you can do so in a cost-effective manner, ensure your business is functioning at its best, and save you and your team a headache.

If you would like to learn more about itemit’s asset management software, contact our friendly and helpful team today. You can reach them at team@itemit.com. Alternatively, you can sign up for our 14-day Free Trial to find out just how well itemit’s software can work for you.

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