Asset Management Systems allow firms to track assets in real time, capturing critical information such as location, status, and custodian. This allows for more precise asset inventory monitoring while lowering the risk of loss or theft.
Asset Management Systems enable firms to schedule and track asset maintenance tasks. They send out preventative maintenance warnings, handle work orders, and track maintenance history to ensure that assets are appropriately maintained and serviced.
Asset Management Systems enable firms to track asset degradation, assess value over time, and effectively manage asset lifecycles. This enables firms to make educated decisions about asset retirement, replacement, and improvements.