Do you know what fixed assets you own, what kind of condition they’re in, or who currently has them? If not, then online asset management software is something you should consider. It can provide the answers to all of these questions and much more. Business owners and their employees are pulled in several directions and don’t have time to accurately and comprehensively track the fixed assets that are so vital for operations.
Routine Preventive Maintenance
Your equipment provides the best example of just how critical routine preventive maintenance is to your organization’s ability to function efficiently. While some companies operate under the assumption that maintenance only is required when equipment breaks down, preventive maintenance ends up saving more money in the long run. Equipment that hasn’t been properly maintained usually requires more costly repairs. Most companies don’t have the luxury of time to wait for repairs, either, so they end up paying a premium for rush-ordered parts and service.
Some of your equipment and tools might require periodic calibration, as well. However, keeping up with the items that require calibration is more difficult than it may seem at first glance. You need to schedule those calibrations in a manner that minimizes any disruption to your business, but this can be difficult to accomplish. Online asset management software can help you schedule these calibrations quickly, easily and with minimal business disruption. The software allows you to create milestones and establish custom notifications and alerts for calibration deadlines, routine preventive maintenance, warranty expiration and more. You’ll maximize the lifespan of your fixed assets, keep productivity high, save time, eliminate guesswork and maintain accuracy.
Other Benefits of Online Asset Management Software
Here are a few additional benefits to consider:
- When it comes time to service or update an asset, the ability to review its complete maintenance history is helpful. Online asset management software stores each asset’s complete lifecycle in one centralized location, so you can see when and where the item was last serviced, who serviced it, and the cost for the service.
- As a business owner, you also must report the depreciation of your fixed assets for accounting and compliance purposes. Online asset management software can track this for you accurately and in real time, potentially saving you from guesswork, errors and associated penalties.
- When your asset data is organized in one place, you can conduct audits faster and more efficiently. Knowing what you have, where it is, who has it and its condition eliminates guesswork, duplicate orders, ghost assets and other costly inefficiencies.
The great news is that it’s never been easier to transition old-school asset tracking procedures to online asset management software. With Asset Panda’s streamlined yet powerful approach to asset tracking, integration is easy. Our clients seamlessly import data from their existing spreadsheets into Asset Panda. Thanks to our intuitive, user-friendly interface that requires no special training, they’re able to get up to speed quickly. Asset Panda’s free mobile apps house everything you need to track the lifecycle of your assets. You don’t need additional hardware, and the apps sync with the cloud, so you can make decisions based on real-time, accurate data. If you’ve got a tablet or smartphone, you’re ready to start saving time and money with Asset Panda. To learn more, or to begin your free 14-day trial, visit assetpanda.com
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