4 Common Misconceptions about IT Asset Tracking Software

IT asset tracking software misconceptionsThe role of IT asset tracking software in business development

The best thing about technology is that change remains a constant part of technology equation resulting in a lot of innovations coming up every now and then. As soon as something new comes up in the market, developers and engineers strive to make it even more efficient. IT asset tracking software provider also keeps its finger on the pulse of advancements to offer quality and efficient services and features. From flexibility and affordability to the accessibility and ease, asset tracking systems have loads to offer.

Online asset tracking and inventory management systems may not make your hair stand on end, but it is certainly a step forward from expensive, hard to understand and complicated traditional software systems. Using asset tracking tool, employees can easily work and access the same set of data. Even small businesses get to utilize the benefits of IT asset tracking tool which means not having a dedicated IT staff isn’t a problem anymore. Undoubtedly, the popularity and usefulness of IT asset tracking software will continue to rise in the data-hungry world of today. Unfortunately, this popularity has also brought about some misconceptions which need to be clarified.

Most IT departments need to understand the myths and truths around the digital asset management software. Let’s dispel some of the myths that have clouded the decisions of many enterprise organizations. Continue reading

Asset Tracking Software in an Ever-Changing Tech World

asset tracking software for tech businessEvolution of technology and asset tracking software

The era of industrial revolution introduced completely new production processes and technologies to the world. Through these mechanisms, businessmen were able to achieve higher standards of productivity. As mass production of consumer goods increased in the market, so did the labor cost. This change led to a rise in the amount of inventory stock owned by businesses and higher sales became the ultimate goal of the retail markets. But what was the role technology playing in all this?

The first drastic change came in the 1800’s with the invention of the machine-readable punch card. This device allowed people to record a variety of goods. Commonly known today as tracking of assets. In 1960’s, a team of retailers came together to bring to the world to use barcodes, also used in present times. Moving forward 20 years to 1980’s, the traditional tracking system was launched which streamlined asset management even more. Unfortunately, asset tracking system in the 80’s wasn’t as efficient as it is now. The system lacked the functionality of automatically updating asset records. After inventory barcode scanning, information had to be recorded manually into computers.

Sometime later manual inventory tracking was replaced by scanners and ultimately Radio Frequency Identification (RFID) hit the markets around 2000’s. This technology gave way to advance tracking without the product actually being in sight. RFID also allowed the barcode to store more information about the product! Asset tracking software has evolved rapidly over time and is now increasingly being used by tech institutions for complex tasks [Source]. Continue reading

The Top Four Considerations When Buying IT Asset Tracking Software

it asset tracking software

The importance of IT asset tracking software

IT asset tracking software is hugely important for companies that have a substantial amount of IT equipment across multiple locations. Of course, most businesses fall under this category today, as the use of laptops, printers, projectors, and different business hardware and software set-ups is extremely common. The main issue that companies run into when trying to manage these assets is ensuring that everyone has access to the equipment they need, whether it is for use right now, or for a reservation in the future. In addition to this, the assets need to be in good shape and must be able to perform well for their custodians. This would ensure maximum productivity, not just by helping employees speed up their tasks, but also by simultaneously lowering administrative burdens on your team.

Therefore, IT asset tracking software can help your business track, manage, and maintain assets with ease. However, what would make a solution like this really worth investing in is its ability to log and work around requirements specific to IT assets. Different types of equipment have different aspects requiring attention, whether it’s a special component that needs to be tracked or a regulation that needs to be met. The IT asset space is no different. Below, we’ll take you through some major concerns that business technology users have to keep in mind when browsing for an asset management solution.

Tax compliance

Everyone from regulators to stakeholders require tax transparency these days. Businesses need to pay special attention to this, especially considering that the IRS assessed $2.1 billion in civil penalties against business income tax filers in 2014. Making sure your company is tax compliant might sound scary to the uninitiated, but it is actually a breeze if you use business software to do all the complex work for you! Continue reading

Enhance IT Department workflows with Asset Tracking Software

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How can Asset Tracking Software help your IT Department?

The IT department is often the true hero of business operations, carrying out a whole host of functions that stay hidden the better they’re done. The IT crew is responsible for streamlining workflows and ensuring everything runs as it should. Not just this, but they implement and define the boundaries within which all technical work takes place, and enable all networks and IT systems to operate as efficiently as possible. It is their experience in marrying business workflows to their technical expertise that is often a huge boost for small businesses, especially in terms of worker and asset productivity.

Here are some ways asset tracking software can help your IT department achieve its goals a lot more efficiently and quickly than if they were relying on traditional spreadsheets or other manual methods of IT equipment management. Continue reading