How to Gain Business Value with Asset Tracking Software

Every business wants to increase their value and raise profits but how to achieve this is often not so clear. Manual processes are time-consuming, cumbersome and difficult to scale, meaning you need to continuously reconfigure them as your business develops. Asset tracking software offers a solution that grows with your business and adds value along the way. With asset tracking software businesses can establish streamlined processes that boost productivity and operational transparency. And with the right tools and information at their fingertips, businesses can maximise their return on investment (ROI).

Asset tracking software can improve all areas of your business, from increasing employee performance to raising profit margins.

With the use of asset tracking software and asset tags, each time an asset is scanned its location is updated in the online asset register. This helps to prevent theft, loss and unauthorised usage. Users also have the ability to see if the asset is working properly or not, and whether it requires repair. Your team can quickly and easily set up a maintenance schedule in the asset management system, enabling them to take a more proactive approach to repairs. Maintenance reminders lower the risk of replacements and depreciation, resulting in significant savings of both time and money.

Asset tracking software enables your team to work more effectively and efficiently. Not only does the system let you see who has access to which equipment, but it can also allow users to reserve items for future use, and even order some more! This ensures the right tools are in the hands of the right people. 

Good inventory management can add value to your business by maximising the utility of assets. Cloud-based asset tracking software can help businesses to streamline workflows, create more organisation and gain greater transparency. Asset tracking software also makes it much easier to identify and eliminate ghost assets, those assets that are either lost, stolen or unusable but are still shown as active on your fixed asset register.

The automation powers of asset tracking 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. With asset tracking software’s advanced functionality users can also generate customisable reports, identify misuse of funds, and improve their financial forecasting.

Asset tracking software provides you with a personalised dashboard, allowing you to run reports, see recent shipping activity, view your asset count, and much more. With all this information readily accessible you can make timely, well-informed decisions to drive your business forward.

Itemit’s cloud-based asset tracking software grows with your business, packed with a suite of first-class features your business will be able track and manage assets with ease. With greater visibility and control over your assets you can optimise your operations and make smarter purchasing decisions. By maximising your inventory and managing the movement of assets effectively you can reduce costs and boost profits. Invest in your business’ future today.

To find out more about how itemit’s hardware asset management software can help you track your assets, you’ll be able to contact the team at team@itemit.com. You can also fill in the form below to start your own 14-day free trial.

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