ASSET MANAGEMENT SOFTWARE
Get the most secure and centralized asset management system.
In the growing context of technological interventions over various business sectors, investment efforts are greater. An asset is a resource owned by an organization. Based on the nature and type of operation, organizations possess various assets. Inventory, property. Plant, equipment, stock, patents, etc. are the major assets of the organization. With the enlarged network nature of businesses of today’s market, having fair asset management requires deep-rooted management and administration, which may not be feasible manually as the business grows.
Why inventory software or asset management software is important?
Inventory management or asset tracking is all about the complete care of resources available in an organization. It includes every tangible and intangible asset of the organization which is highly required for the efficient performance of the organization. It is mandatory to control the inventory in an organization to maintain the flawless and smooth performance of the establishment. Getting orders and timely deliveries are the major factors that will position a company in the market. A highly comprehensive and advanced IMS will resolve these challenges and contribute more to organizational excellence.
The need for an automated asset tracking software and asset management system is vital for every industry including manufacturing, retail, food, and beverages, healthcare, etc. The huge capital incurred for the asset setting can be safeguarded only with an asset management system. With systematic practice of identifying, discovering, procuring, managing, monitoring and disposing of, various management software solutions are available for the organizations that look forward to possessing a better asset management system. Usually, inventory management software is used to manage everything about inventories and asset tracking software is used to safeguard physical assets, IT assets (hardware and software), etc. But both of the soft wares work in integration or the advanced asset management solutions provide both functions.
How asset management system work?
Modernization of business with digital technology have made a revolution in the work flow and efficiency of the organizations. The global business market is witnessing, one of the most imperative and competitive technological integration of overall tasks of an organization with a software system called ERP. To ensure sustainable growth in the competitive market, need to adopt this modern idea of business integration is vital. ERP will enhance organizational efficiency through various support and strategic decisions by reducing errors. With ERP organization save on time and cost as reliance on manual works and procedures are diminished.
Custom ERP software typically consist of various modules that are individually purchased, based on what best meets the specific needs and technical capabilities of the organization. Each module is dedicated on one area of business procedures, such as product development or marketing.
Key features of the Asset Management System
- Periodic Asset Scans
- Hardware Warranty Management
- Real-Time Inventory Alerts
- Software Metering
- Software License Management
- Software and Hardware Inventory
- File Scanning
- Prohibit Software and Block Executables
Functions of Inventory Software
- Increase productivity and efficiency
- Increase profitability
- Avoiding stock-outs and excess stock
- Supply and demand balance
- Quality management
- Forecasting and planning
- Preparing Inventory reports
Benefits of Asset management software
- Improved utilization and value of assets
- Support in decision making through cost transparency
- Proactive software license compliance
- Manage services as well as assets
- Track the movement of assets
- Track vendor and supplier performance through transparent metrics
- Optimized allocation of assets for greater return on investment