An asset register gives your business clear and instant benefits. It is essential for a business to have an asset register as they’re your first defence against many fines and many sunk or lost costs.
With an effective asset register, your business can monitor and control what it owns with a lot more ease. This is because you have a lot more visibility over where assets are, what they are, and who has them.
Therefore, with an asset register, you:
- Save time
- Save money
- Lose fewer assets
- Purchase fewer duplicates
- Avoid accounting risks
- Increase accountability
These benefits are just the tip of the iceberg, though, as you can save weeks a year in asset tracking operations. Your ROI in costs will depend on your assets, but one lost laptop not only stings but it slows down work for someone, overall bringing down productivity.
