Asset Management Software – What is it & why do businesses need it?
Businesses are unique and so are their assets!
In the business world “What’s not an asset?” Right from the IT Department and Construction to Education & Sales, every business is well-equipped with valuable items that need to be protected and taken care of to stay upright in the digital world. There exist different types of assets in an organization, some are fixed, some are IT, and some are Financial, while some are consumable items that need to be taken care of!
Are you a company struggling with knowing the location and operational status of the company’s assets? Look no further as Asset Management Software is here!
The “Asset Management Software Industry Data Book, 2023 – 2030” says that, “The global asset management software industry size stood at USD 56.76 billion in 2022 and will depict a healthy CAGR of 11.1% during the forecast period 2023 to 2030.
So, what are Asset Tagging & Asset Tracking?
Asset Tagging is a proven method of assigning assets to an organization’s respective employee, whether it’s an IT asset or any other fixed asset. It enables companies to understand and recognize their owned assets comprehensively. The asset Tagging feature makes identifying unique assets and its owner a cakewalk for organizations.
Asset Tracking is keeping track of the tagged assets. Better asset tracking results in better business performance. When you keep your organization’s assets in a smooth working order and know where your asset is, you prevent your organization from the situation of data loss and data theft, thereby saying goodbye to business losses.
Asset Tagging + Asset Tracking = Asset Management Software
What is Asset Management Software?
Asset Management software helps tag and track the movement of your organization’s assets. With the help of this software, you can easily scan every asset and get a quantitative record for the same. You can also enable physical monitoring of your assets via Asset management.
Features to look out for in Asset Management Software in 2023!
- Custom field creations – For easy tracking of assets anytime you need!
- Critical alert configuration – To verify possession of assets by creating critical alerts
- Asset Lifecycle Management – To help you easily manage the lifecycle of the assets, right from the acquisition & usage to disposal
- Setup configuration and assignment for single system and multisystem – To install software application modules in the Single System or Multiple Systems
- Generate the system performance based on CPU, RAM, and Hard disk – To analyze the importance of your system based on different parts of your system.
- Inventory Management – To track, manage, and control inventories all from a single dashboard.
- Asset tracking report for software, hardware, and process history – To receive clear information about the tangible assets in your organization.
- Memory threshold report – To help you find memory loopholes within your existing network via the memory threshold report.
- Employee Assets report – To provide you with a detailed view of every asset in the organization.
- Software and hardware change alert – To give deep insight into Software or Hardware changes (if any).
- Generate the critical report of employees– To generate a System Performance Report based on employee’s usage or Performance of CPU, Hard disk, and RAM.
- Generate a separate analytical report of movable and Non-movable assets – To generate a separate analytical report of movable and non-movable assets by logging in to the dashboard.
- Asset Discovery – To help you identify all the assets within the same network.
Read on: Why do corporates and SMEs need payroll management solutions?
9 Benefits of Digitized Asset Management Software for your business
The benefits are endless, especially if you’re thinking of dropping your pen & paper approach and shifting to an advanced HRMS Software to fulfill all the HR Needs in your organization.
Know what’s in your IT Closet with the Best Asset Management Software
Asset Management is a web-based software that helps in the easy tagging and tracking of assets in your organization right from the planning phase to the disposal state.
With IT Asset Management software, you can never lose track of any asset as every asset is tagged and tracked!