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  • Features
    • Multi-Facility

      create multiple facilities to better organize your assets

      Asset Assignment

      assign asset to users for better accountability

      Maintenance Tracking

      track maintenance of assets and schedule preventive maintenance.

      QR Code Generation

      create QR codes to simplify asset lookups across your organization

      Lifecycle History

      get better reporting, visibility, and forecasting with a full history of your assets

      Repair Tracking

      issue alerts let the team of breakdowns to facilitates repairs quickly

      Task Management

      assign tasks to team members to ensure completion of activities

      Service Contract

      be prepared when service contracts approach their end dates and track 3rd party service of assets

      Meter Reading

      keep track of machinery utilization and trigger maintenance events using meter reading

      File Management

      attach photos, documents, user manuals, etc. at record level for fast retrieval & troubleshooting

      Reports

      stay in the loop with downloadable reports accessible directly in the mobile app

      User Permissions

      limit user access to tools, groups, reports, and more based on their job responsibilities

  • Features
    • Multi-Facility
    • Asset Assignment
    • Maintenance Tracking
    • QR Code Generation
    • Lifecycle History
    • Repair Tracking
    • Task Management
    • Service Contract
    • Meter Reading
    • File Management
    • Reports
    • User Permissions
  • Industry
    • Manufacturing

      Reduce equipment downtime and improve reliability

      Educational Institutions

      Create a safe learning environment with digital maintenance checklists.

      Construction

      Keep track of daily maintenance tasks to provide an seamless guest experience

      Hospitality

      Keep track of daily maintenance tasks to provide an seamless guest experience

      Building Management

      Fix small issues before they add up

      IT Companies

      Track all histories on assets

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Home > Blog
10 Benefits of Asset Tracking Software to Grow Your Business

10 Benefits of Asset Tracking Software to Grow Your Business

MAINTENANCE | March 14, 2021

An asset is an item possessed by an organization having an economic value, that can be estimated and measured in money. Maintaining accurate asset registers, being aware of the location of the asset and its working condition improves the performance of the asset. From the purchase of the asset to its disposal, if the asset is tracked, maintenance and repairs can be scheduled to avoid any unnecessary expense. It is essential to track the assets of the organization to have deep insights into the location and working condition of all the physical assets.

What is Asset Tracking Software?

An asset tracking software provides solution to track the assets of the organization and their functioning capacities. It enables to locate and monitor the entire assets of the organization. In simpler words, it is a digital representation of a physical object. It is a method of capturing the asset’s data and information. Instead of manually handling the entire asset, asset tracking software automates asset management. An accurate real-time data is available to the user.

Benefits of Asset Tracking Software

Enables Asset Recovery and GPS Positioning

In industries where large number of assets needs to be handled and an asset gets detached from its principal batch, tracing would be very difficult. An asset tracking software eliminates these difficulties and avoids unnecessary delay in production. The efficiency in which the assets are moved during production process can also be determined. The GPS location of the asset can be ascertained with the help of the Asset Tracking Software.

Better Customer Service

Customer of businesses are in advantage of knowing the position of their assets in real time with the help of Asset Tracking Software.

Real Time Asset Management

A unique id can be assigned for every asset. The assets can be monitored virtually right from the date of purchase to the date of disposal.

Reduce Labour

Asset Tracking software enables shift in physical management of assets to virtual asset management, thereby reducing the labour involved.

Avoid Unnecessary Repair and Maintenance Costs

An asset tracking software gives you information on the productive work cycle of the asset, hence preventive maintenance can be scheduled easily. This avoids any unnecessary repair costs to the organisation.

Helps to Conduct Asset Audits

An asset tracking software enables to perform asset audits easily. It also helps in complying to the statutory and regulatory norms regarding asset usage. Since the data provided is accurate, informed decision can be taken.

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