Why You Need An Asset Management System

With an asset management system, you’ll be able to keep a better eye on your business’ critical tools and equipment. The benefits are clear. First and foremost, you’ll save time and money by losing fewer assets and by having a more effective way to keep track of everything.

Asset management systems provide you with a lot of flexibility to customise and improve your asset tracking operations. What this means is that you’ll be able to tailor your asset management system to your business, as well as to the types of assets you’re tracking.

 

using asset tags for asset tracking

 

What Is An Asset Management System

An asset management system is a platform where you can log, manage, view, edit and track digital versions of all of your assets. In other words, each asset on your fixed asset register will get its individual profile. 

Then, you’ll be able to add maintenance information, reminders, issues, and locations to the assets themselves, without needing to match anything up manually.

Most asset management systems use asset tagging to automate the process of matching up asset data to the asset themselves. In other words, you’ll be able to stick a QR code asset tag onto your laptop, then link this laptop to its digital counterpart by scanning the tag in your asset tracking app.

This means that if you notice an issue with this laptop, all you need to do is scan the asset’s tag and report the issue. Then, your maintenance team will get an email and be able to look at which asset specifically has the issue and where it was last seen.

issues management software

Tracking Asset Locations With Your Asset Tracking Software

Every scan of an asset’s tag doesn’t just open the asset’s profile, it will also update the asset’s last seen location. Your asset tracking app will use your phone’s GPS location to match up where the asset is with where the phone is.

So, every time you scan an asset’s tag, the last seen location updates alongside the user who scanned the tag and the asset’s profile opens up ready for speedy edits.

This gives you a neat audit trail of where assets have been and who has been interacted with them. Overall, you get a much better register of asset interactions.

You’ll also be able to log locations manually, too, using a streamlined locations feature. This way, you can indicate if an asset is in a store-room, onsite, or elsewhere. Then, you’ll be able to run audits on these assets to verify that they’re in the correct location.

locations and asset tracking software

The Benefits Of itemit’s Asset Management System

itemit’s asset management system provides you with a wide range of features and functionality that you’ll be able to use to improve accountability over your assets.

Every time you edit an asset, an automated fixed asset register is updated, too, in the itemit system. You’ll then be able to run reports on your asset register on our web portal and export your fixed asset register for financial and insurance purposes.

As itemit is cloud-based, it’s incredibly shareable and usable. If your colleague scans and edits asset information it becomes visible to all. Then, every edit on our app will also be reflected in our web portal in an instant.

To find out more, you’ll be able to book a demo using the button below.

You can also contact the team at team@itemit.com or fill in the form below to start your free trial and see the benefits for yourself.

 

Why not check out these blogs:

What Are QR Code Asset Tags?

How Does Inventory Management Work?

The 4 Best Fixed Asset Management Features

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