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  • Home
  • 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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    • Manufacturing
    • Educational Institutions
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Home > Blog
Why fixed asset management is important?

Why fixed asset management is important?

MAINTENANCE |

Fixed asset control is the process of tracking and maintaining an organization’s physical assets. The asset includes vehicles, computers, furniture, tools, and machinery.

The better a company controls its assets, the higher the value from these investments. Asset tracking is an important concern of every company. Fixed assets are defined as permanent objects of an organization. While employees may use a general tool or tools, the asset eventually belongs to the company and must be returned. And therefore, without an accurate method of keeping track of these assets, it would be very simple for a company to lose control of them.

Using an asset management system, organizations can:

  • Detect and monitor fixed assets
  • Overview a piece of equipment and machinery in an organization
  • Reduce the maintenance costs
  • Improves the asset's operational efficiency
  • Records the data of damaged, unused, sold, stolen, or lost assets

Asset control helps organizations to monitor assets and equipment, keep track of their condition, keep them in good working order, and improve their lifespan.

How an Asset tracking software can help?

  • Asset tracking software allows companies to track what assets it owns, where it is located, who is using them, and maintenance schedule.
  • Most asset tracking solutions provide data such as assets by department, assets by location, audit history, and service history for assets.
  • These documents can be stored and used on PCs as well as mobile devices. As a result, companies reduce expenses through loss of assets and improved equipment maintenance. It also reduces new and unnecessary equipment purchases.
  • Task assignment allows individuals to accept responsibility for assets. The asset location is then inferred based upon the person who has accepted responsibility.
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