The cost of living is rocketing, meaning more people and businesses are trying to cut back. What you may not be aware of is that itemit’s asset management software can help you to save money.
As many people are aware, an asset register is a wholly useful tool. It’s where you can successfully log all of your business’s assets. With the ability to customise an asset register, businesses can create an IT asset register or a register that’s specific to their industry.
How Using Asset Management Software Can Save You Money
The right asset management software can save you money in a variety of ways. Some of the ways that you can save money include:
Offering You Transparency and Accountability
When you have a complete record of all of your assets your operations will be more accountable. You will be able to see which assets you have, where they are, and who is using them. You can do all of this at the touch of a button, thanks to the way that itemit’s software works.
When you have an asset register it helps every asset to come to life. In other words, every asset will be accounted for. You can build up an asset history and see how it is used throughout the asset’s life cycle. As a result, assets are a lot less likely to become lost or get stolen. What this means is your business is a lot less likely to have to spend money replacing lost or stolen assets. They can be accounted for all day, every day.
Asset records can also help you and your business to save money by allowing you to account for the assets you own.
Tracking Your Assets
It is entirely possible for you to save money by tracking your assets. We have already seen that you can add assets to a register. However, you can go one step further. itemit’s asset management software allows you to track your assets 24 hours a day, 7 days a week.
When a QR code or a barcode is attached to an asset and assigned to it, it can be tracked. All of your assets can be added to the software as unique profiles. This ensures that you can track each and every one of them.
As soon as your assets have been tagged, you can scan the tag and see the asset’s profile. Alternatively, if the asset is not nearby, you can select the profile and see where the asset was last seen.
In addition to being able to see the asset’s location, you can see who is using the asset and why. As a result, you have a trail of asset use. Not only can having this information to hand save time but it can save money as well. We have already seen that tracked assets are less likely to become lost or stolen. However, there is an additional benefit.
When you track an asset using our asset management software you will have the chance to report any issues. Should something go wrong with an asset, you can leave a note for the maintenance team. The note can be left in the system and the maintenance team will receive an alert. As a result, the asset in question can be repaired and put back into circulation.
When assets are repaired and maintained more often they are likely to last longer. Therefore, there will be less of a need to replace the asset as it will be in a better state of repair. Ultimately, this means you can save money.
Eliminating Ghost Assets
From time to time, almost every business has ghost assets. These are assets that the business owns but no longer uses. Some ghost assets have been put to one side because they no longer work. Other ghost assets have simply gone missing.
Thanks to the way that our asset software works you can effectively eliminate ghost assets. By monitoring your assets all day, every day, you can say “Goodbye” to ghost assets. As a result, you can save money or divert it elsewhere.
Save Time Using itemit’s Asset Management Software
As you can see, it’s possible for you to save money while the cost of living rockets. All that you need to do is use itemit’s software and make use of its features. Saving money is more important now than ever. Businesses and individuals are looking for new ways to help cut the cost of living. itemit can help you with this.
Talk to our helpful and knowledgeable team today at team@itemit.com to find out how you can save even more money. Alternatively, you could fill in the form below and begin a 14-day free trial to see how well our asset management software can work for you.
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