From managing maintenance and service requests at a medium-sized enterprise to keeping track of ongoing equipment maintenance at a large construction site, a computerized maintenance management system (CMMS) is an extremely useful tool for your business’ needs.
When choosing a CMMS system, businesses look for preventive maintenance, seamless equipment management, solid asset assignments, and insightful maintenance reports, which should lead to reduced maintenance costs.
Why is asset tracking software the best bet for tracking tools?
The construction industry has a lot of elements to constantly monitor and track. Do we have all the details mapped out and ready to go? Are we accounting for the weather? Are the workers where they need to be? Do they have all the equipment they need to get the job done?
This last question opens up a whole new set of questions. Your inventory needs to be fully stocked, safety gear well-maintained, and you should have all the details of who has custody of which tools! This can be tough to do manually. Spreadsheets tracking small tools can get unnecessarily complicated and messy, and a single incorrect log can throw off an entire year’s worth of calculations and planning. This is why asset tracking software is a boon for tool tracking in the construction industry. Let’s have a look at 5 sweet features you can use to optimize tool management and get things done with a lot less effort! Continue reading
Every successful business owner knows that working to prevent a crisis is better than managing it. Businesses take great pains to predict and plan for future goals and challenges. However, most business owners fail to apply the same policy when it comes to managing their equipment. According to CISCO’s former CEO, 40% of businesses will not survive the next 10 years. What this means is that businesses looking to succeed must do better in every sphere – including their equipment maintenance. If your business is dependent on its equipment for day to day operations then it is important to have that equipment in order. Preventive maintenance can save businesses from unscheduled equipment breakdowns and performance hiccups. This article details the benefits of preventive maintenance and how preventive maintenance management software can help businesses execute an effective maintenance plan. Continue reading
Just because you are not running a $60 million company doesn’t qualify you as the business that doesn’t have many assets to track, protect, and value. The illusion is that asset management is for large corporations only. The question is what smaller businesses do? Note them down on some organizer? There are cloud computing companies that offer asset tracking software for small business, not just the enterprise firms.
As per a survey conducted by Statista, the forecasted size of the SMB cloud service market in the United States was expected to reach $25.2 billion in 2015. Efficient asset tracking software for SMBs help them make regular, everyday business operations faster and more organized. Small business inventory management solutions can enable companies to boost productivity and effectiveness of workplace without spending a fortune on software implementation and training sessions. Continue reading
Fixed Asset Management Software and Taxes
With the date to file annual taxes approaching, companies are in the typical rush to gather documents and necessary information. Preparing your balance sheet, income statement and statement of cash flows requires extensive information from multiple employees spread across different departments and offices. Adequately and accurately handling tax returns is crucial to preventing overpayment or underpayment of taxes; the former affecting the company’s power to reinvest and grow as a business and the latter potentially exposing the company to tax fraud. Fixed asset management software plays a significant role in getting your taxes in order. The software will help you conduct asset audits, calculate depreciation, and track asset value, maintenance and procurement costs. Here is how fixed asset management software can make one of the most grueling tasks of the tax season a breeze. Continue reading
Why use asset tracking software?
If you are losing track of assets, inventory is running unexpectedly low and valuable equipment has gone MIA, then your asset management strategy has gone horribly wrong. Many businesses may choose to ignore their asset losses and charter forward without any organized way to address these potentially disastrous losses. It’s not just the vanishing items that businesses need to be worried about; what’s equally important is the misuse of a company’s assets. Rather than turning a blind eye to this potentially serious problem companies can adopt the right technology to minimize their losses. One of the best solutions out there is an efficient asset tracking software that affords businesses greater visibility and control over their assets and losses. Here is how the software helps you soften the blow caused by asset losses. Continue reading
Reporting Features in Asset Tracking Software to Improve Operations
The influx of data received by SMBs every day is overwhelming. Sifting valuable information from this sea of data is both time-consuming and inefficient. In fact collecting and managing vast amounts of data is the second biggest challenge faced by businesses – the biggest being maintaining the integrity of that data. Therefore, it is not surprising that the annual revenue of the global big data market is rapidly increasing. Cloud computing has become one of the most popular ways of storing and analyzing data. Cloud-based asset tracking software seamlessly records all data on your assets and provides it to you in the form of instant reports including asset utilization, maintenance costs, inventory levels and vendor reports. Getting these reports helps SMBs identify key areas that need improvement and overcome roadblocks for better performance and ROIs. Continue reading
Asset tracking software and SMBs
Small businesses are the backbone of the global economy. In the United States, over half the working population – around 120 million people – are employed by small businesses. Not just this, but they’ve generated around 65% of all new jobs since 1995! This means that helping SMBs be more productive can be one of the best things that can be done to boost confidence in the business sector. Because of their size, middling margins, and competitive nature, though, small businesses can face problems that are completely unique to them. Technology has a huge part to play in helping alleviate or even eliminate these problems. Below, we’ll look at 6 of the most common problems faced by SMBs, and how businesses can tackle them head on using asset tracking software. Continue reading
Asset tracking software and quick adoption
Why should you be concerned about the learning curve of asset tracking software? Last year, companies spent around $333 billion on business software. One only has to think of the number of software products a company uses on average to wonder about the costs associated with this kind of use. A significant cost associated with software use is that of onboarding. A company hiring just a hundred new employees can face up to $40,000 dollars a year for onboarding alone, not including any recruitment or training costs! This can be extremely discouraging for businesses. Not only do they have to make sure new employees have all the tools necessary to get the job done, but they also have the added pressure of ensuring that the employees know exactly how to use those tools! Continue reading
Why use Equipment Tracking Software for your business?
When implementing solutions to manage assets and equipment, businesses are often faced with three choices: traditional spreadsheets, on-premise software, or cloud-based equipment tracking software. Spreadsheets are usually plagued with errors and inefficiencies that can be easily avoided in automated software solutions. There are two types of equipment tracking software solutions available: cloud based which is accessed via the web and stores data on the provider’s servers, and on-premise which hosts data on local servers.
With the development of the internet and mobile apps, people want software solutions that give them instant and on the go access to their information. This need for faster and agile software solutions has led to an increase in the demand for cloud-based software. In fact 82% of new commercial applications are now built specifically for cloud-based delivery. Here are 5 reasons why businesses are choosing cloud-based equipment tracking software over on-premise software. Continue reading