Cloud-based asset tracking software allows you to access and update information from anywhere in the world as long as you have an internet connection. Your web-based asset management software eliminates all guesswork, allowing users to instantly access all the information they need about the location, maintenance history, and condition of assets. Web-based tracking makes it possible to effortlessly track assets across different locations, companies, and countries, with granular location tracking down to shelf and bin level.
With the database stored securely in the cloud, it is protected from any problems that might arise on-site such as power outages or server failures. No matter what happens, you have access to information about all physical assets stored safely online. You can easily check a supplier’s credentials by asking about certification for standards such as ISO 27001.
To carry out audits, all you need to do is use a mobile device with a barcode or RFID scanner. Without laborious and error-prone manual data entry, audits can be carried out quickly and accurately to keep the database up to date.
Web-based asset tracking solutions improve the accuracy of reporting with up-to-date detailed information generated instantaneously. By applying the different report templates, it’s easy to create customised reporting for management, finance, or operations users. With accurate and up-to-date reporting, organisations can take greater control of their assets and increase the efficiency of operations.
Web-based asset tracking makes it easy to record and track all the asset events from an item’s purchase to disposal, including check-in/check-out, maintenance, and user assignments. Online asset tracking databases also allow you to attach key documents and notes such as purchase orders or warranty documents for better control over assets throughout their lifecycle.
With a cloud-based system, it’s easy to scale your database and functions in accordance with your needs. In the case of equipment checkout, deployment, reporting, and barcode tagging, some of the asset activities that are most prone to errors, web-based software can ensure accuracy as the operations scale up.
With software that is based in the cloud, your organisation has easy access to any updates and upgrades created by the vendor. This might include improvements to the content of the software or essential security updates for organisations with growing databases. Because of the flexibility of cloud-based software, this is a great long-term solution for tracking assets.
Using a web-based asset tracker can streamline and optimise your operations. By improving visibility and maintenance scheduling (or work orders), online asset tracking means that you can reduce equipment downtime and write-offs. Easy-to-access software for asset tracking also reduces the risk of assets going missing or being stolen. Finally, using a specialist asset management tool allows businesses to enjoy lower insurance premiums, saving additional money through the use of the software.
Organisations that choose to use an on-premises solution for asset management need a dedicated IT team to install, operate, update, and troubleshoot the system whenever necessary. In contrast, organisations that use a cloud-based tool to manage their assets have no need for these additional staff and expenses because their vendor will provide these services.
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What are the Stages of Asset Lifecycle Management?