Doing more, often with less is imperative in today’s competitive business climate. With a scarcity of materials, inventory delays, labor shortages, and inflation posing existential challenges to businesses across myriad industries, leaders need solutions. Asset management software can provide just such a solution. 

How Does Asset Management Software Work?

Cloud-based asset management software gives you control over your inventory because you have a clear picture of each asset, from the palm of your hand. Instead of relying on difficult-to-share, never-ending spreadsheets, asset management provides you with a clear picture of each business asset using easy-to-use and easy-to-integrate software.

With asset management software, you’ll be able to assign each asset a unique barcode. You’ll also be able to organize your inventory any way you like. Your inventory becomes searchable using simple filters, and you can generate custom reports in just seconds. This enables business leaders to control their operations more efficiently, all the while maintaining quality, maximizing returns on assets, and ultimately managing costs. 

Benefits of Asset Management Software

In competitive economic climates, asset management software ensures that your business can continue to thrive, by using existing assets more efficiently.  Asset management reduces errors in manual tracking and human calculations. It saves time and resources by automating data aggregation and reporting, and it plays a foundational role in risk management. Specifically, 

asset management software offers benefits such as:  

  • Creating Custom Reports
  • Decreasing Downtime Due to Asset Breakdown
  • Eliminating the Need for Spreadsheets
  • Providing Employee, Vehicle Tracking
  • Instant Asset Visibility
  • Identification and Removal of Ghost Assets
  • Identifying Trends in Asset Usage
  • Improving Asset Utilization
  • Improving Financial Forecasting of Assets
  • Improving Life Cycle of Each Asset
  • Predicting the Need to Purchase New Assets
  • Pre-Scheduling Asset Maintenance
  • Preventing Human Errors in Accounting
  • Reducing Equipment Downtime
  • Scheduling Shipping Alerts
  • Tracking Fixed Assets in Real-Time
  • Viewing Assets and Inventory from Any Device

What Industries Benefit from Asset Management Software?

Asset management software can be used in virtually any business that needs to track equipment, materials, and even employees. Some of the many industries that benefit from asset management software include:

  • Aerospace & Defense
  • Corporate
  • Education
  • Franchise
  • Healthcare
  • Hospitality
  • Local Government
  • Manufacturing
  • Media, News, Entertainment
  • Military
  • Nonprofit
  • Oil & Gas
  • Property & Facilities
  • Real Estate & Construction
  • Rental Services
  • Retail & eCommerce
  • Tech
  • Telecom
  • Transportation & Logistics
  • Utilities
  • Many Others

Asset Management Software Features

With a premium cloud-based asset management subscription, you can rely on enhanced SSL security, routine database backups in the cloud, technical support via help desk, automatic upgrades, integrated iPhone and Android apps, barcode scanning, and image and file attachments. 

Try Tracmor Asset Management Software

Tracmor is a top-reviewed, straightforward, browser-based inventory software that can be accessed from any device. Tracmor asset management software is flexible, configurable, user-friendly, and affordable. Assets are tracked in real-time, allowing you to replace time-consuming spreadsheets with a centralized, user-friendly interface. To learn more about Tracmor asset management software, contact us today for a free trial by calling (760) 304-8900. You may also request a free demo online.