Asset management

Asset management

Industry experts for managing the legal compliance of fixed assets within your premises including fire door surveys, PAT testing, electrical installation reports and equipment compliance.
Asset Tracking is the process of capturing vital information about the status and location of assets within a premises, using scanners to detect barcodes, NFC labels or RFID tags for verification.

Asset Tracking is carried out by organisations to improve the utilisation and security of valuable items. Regular physical audits are a stipulation from auditors to ensure that finance departments can verify the existence of assets that are listed on the balance sheet. Organisations that fail to track assets correctly are in danger of financial determent, potentially losing vast sums of money on an annual basis.

Therefore, asset data is extremely valuable to an organisation and can be captured electronically or entered manually into a central asset register as an alternative to scanning. The register should offer fully customisable fields to record the crucial asset data identifier.

Asset Tracking vs Inventory Tracking

Asset Tracking is the process of monitoring the value of items owned by a business, along with useful information about asset location, ownership and any associated documentation.

Inventory Tracking is the process of keeping an accurate record of items that are held in stock for future business use.