What is Asset Tracking Software?
An asset tracking software is a software that enables tracking the movement of IT devices, equipment, and any other software within your business. It helps in logging each equipment so that you can easily manage and record daily use and other critical details within a centralized system.
If your business has many valuable assets, it is imperative for you to keep good records to avoid superfluous spending. Using paper forms and folders to manage data, equipment, and IT software is risky since it is plagued with inaccuracies and is notoriously sluggish.
Besides, using a spreadsheet for asset management is time-consuming, cumbersome, and inefficient, hence then need to embrace an asset tracking software. This is because a reliable software is digital and centralized, allowing you to track important details about each asset in real-time.
Some of the benefits of using an asset tracking software include: Don't use plagiarised sources.Get your custom essay just from $11/page
You Can Track Everything Within Your Business
According to the new FASB lease accounting regulations, companies and businesses are required to maintain detailed records of leased assets. With excellent and reliable tracking software, you are assured of tracking all your assets at any given time.
Each asset contains a detailed profile that illustrates everything you need to know about the particular asset and includes pictures, product guides, contract terms, and a key guide.
Access Information Anywhere
Most of the asset tracking systems and software come with an app that you can install on your mobile phone. The app allows you to validate information about an asset despite your location. Even if you are out of the office, you can track and know everything about an asset without necessarily having to avail yourself in the office.
Create Customized Reports
With an asset tracking software, you can conveniently and quickly generate detailed reports which include utilization, asset location, and cost reports. Managers can also add some of the contract terms, lease information, and set contract expiry notifications.
Asset Inventory Control
The physical verification of your assets will prevent loss through theft and also save you a lot of money on replacement costs. Besides, you will never purchase more equipment than you need and utilize them more efficiently.
Maintenance Information
An asset management software will save you a lot of time that you could have otherwise used on manual reporting. By performing quick inspections on the convenience of your mobile phone, you will have simple yet detailed accounts of all assets and also perform preventative maintenance scheduling of your high-valued assets.
The old and conventional methods of using papers to manage assets cannot compare to the efficiency of maintaining your equipment digitally. That is why we are offering a digital solution at Kwikset, that will help you improve your day to day operations by saving time and valuable resources. Contact us today for the best and most reliable asset tracking software.