10 Best reasons why you need an Fixed Asset Tracking Software
The urge to smoothly run a business, offer top notch customer service and reduce the losses is what every company wants. Some organizations are not aware of; how many assets they own, how many go unmaintained and what losses they incur unknowingly. Fixed asset tracking software will solve all this and many more.
Keeping track of the asset with AsseTrack Fixed Asset Tracking Software from the point of purchase to the final stage of asset disposal helps tracking the effectiveness of the assets. Its time you let go of spreadsheets and manual operation and here are some of the reasons why:
1. Real –Time Asset Management
Precise asset tracking is vital to any organization; having an asset tracking app gives you the chance to manage asset data successfully.
Sometimes, you may have asset duplicates or two or more assets that share a common serial number. This software will help you create a unique identification number as well as easily spot duplicates. You can comfortably control your assets by knowing what, where and how all of them are operating; anytime, anywhere.
2. Reduces Labor and Increases Employee’s Productivity
Automatically tracking assets will make you discover departments in your organization that you really don’t need and you can easily eliminate them. This reduces human labor, labor cost and improves accuracy while capturing information.
Again, manual asset management slows down the productivity of your employees. Hence having a tracking app, you skip the manual scanning stages, free the employees and give them a chance to focus on more important things rather than the latter.
3. Fastening Asset Recovery
Misplacing assets is chaotic but the process of tracing and recovering them is even worse. The exercise makes you waste a lot of productive hours which leads to delayed production and a slowed down organization.
It even worse explaining to your clients that you have misplaced their assets. Lots of complains will basically create a bad reputation for your organization.
Having an asset tracking app will solve all this and many more. You can easily access your asset and quickly recover them with the help of the same app when misplaced.
4. Avoiding Unnecessary Repair and Improvement Cost
Manual operations especially in a multifunctional organization might be costing you way more than you think. Having detailed information about any asset is key especially when it comes to when you need to repair and maintain it.
This is where a fixed asset tracking software comes in handy. It will help you track the life cycle and also know how often each asset is used. It will keep essential information on the same and this will give you a chance to plan for the maintenance process prior and effectively implement it.
5. Maintenance Scheduling Made Easier
Maintenance is a repeated processes that is normal in any organization. Delayed or skipping the maintenance stage might cause harm to your assets and lead the organization to incur losses. It doesn’t have to go this way! You can set repeat alerts with your asset tracking app for regular repair of any equipment that you are using to run your organization.
6. Eases the Replacement Process of Assets
You might be holding on to equipment that you don’t need in your organization and this may be leading you to spend more unknowingly. Some of them may be unproductive items or you just don’t need them. A fixed asset tracking system will help you spot such easily and do away with all the unnecessary assets.
7. Smoothly Running an Organization
How you run your organization will determine the quality of the end products or services. Equipment or rather assets are a crucial part of the same. A fixed asset management system makes it easier for you; effortlessly tracking the performance of each asset. Making sure it’s available when needed, which departments the asset is being used and making sure maintenance of the same is done on time.
8. Accuracy Guaranteed
Unlike in manual operations, a fixed asset tracking system automatically documents and captures all the information regarding all the assets that run your organization. This will reduce human error in the case of recording assets twice or failing to record all. You can easily know where the asset is, who is using it, when it`s missing, when an asset was bought and when to dispose or get an upgrade of the same. Feels like having your entire organization on your hands, right!
9. Helps you conduct asset Audits
A manual auditing process can be very messy and draining especially for big businesses or a multi-functional organization. Auditing needs essential information like complete maintenance and updated records of every single asset owned by the company.
If the information is not accurate enough for example, having ghost and unnecessary assets recorded manually, you will end up spending more on taxes and compliance fees. An asset tracking software will make this whole process easier because it automatically documents accurate information about your assets. This makes both internal and external audits easier and you spend less.
10. Saves Your Money
Ways that saves your money is everyone go -to strategy when running any organization and a fixed asset management software is the ultimate plan. It will help you do away with unnecessary departments and automatically reduce your labor cost.
Doing away with the assets you don’t need saves you the cost of doing unnecessary repair and maintenance for the same. You also don’t have to go through the hustle of paying taxes and compliance fees for any ghost, stolen or misplaced assets that are already in your manual system without your knowledge.
While tracking the life cycle of the assets you will easily tell if it`s worth keeping or it needs to be disposed or replaced depending on if the asset maintenance matches the productivity.
Wrapping it up
No business is too small or too big to have a fixed asset tracking system. It a way of embracing technological advancements and a sure strategy of easily operating and running your business.
There is some massive peace of mind that reigns when the organization is running as expected, especially when productivity exceeds efforts put in place. An asset tracking system will definitely bring this your way.
Are you still wondering how to go about it? Our supportive team will advise you on how to get going and have an asset tracking system to help you run your organization. Let go and let us show you how to tackle it!