Asset Management Software

Keep track of your asset's life cycle, from purchasing to disposal. Get detailed information about an asset, including its location, who is using it, how they are being used etc.

Asset Management Software

About Asset Management Software

Get your assets under control

Asset management software helps businesses in managing and simplifying the implementation, procurement, maintenance, usage, and disposing of software. You will be able to automate every part of your company's operations, from upstream to downstream, using this business software. SIPL’s asset management software reduces risk and human error, reduces operational costs, saves time, and improves accuracy and data security, and many more.

Assets Management Process

At least 85% of a typical organisation's total annual expenditures are associated with two areas - its operations or maintenance personnel and its capital budget.

Three fundamental questions drive most of the expenditure decisions:
  • What work should my operations and maintenance crews be doing, where, and why?
  • Which capital projects to undertake, when, and why?
  • When to repair, when to refurbish, and when to replace?
In short, AM has shown to be a powerful tool on two separate fronts:
  • Effectively allocating resources on day-to-day basis.
  • Gives a clear picture to decision/policy makers, if investments have to be made in operations, maintenance, and capital spending or other significant decisions can be made on the basis of this information.
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Features

Striking Features of Assets Management Process

Asset Tracking

Asset tracking is the simple yet most effective feature. It provides you with accurate information in real time. Secondly, it helps you arrange for the asset's maintenance.

Alerts and Notifications

Asset management software informs you of all activities and sends you notifications and alerts. As a result, you will be always aware of and updated regarding your assets.

Real-time Tracking

Asset management software provides businesses with real-time tracking which allows them to make quick decisions and avoid costly repairs and replacements.

Cloud-based Technology

With cloud-based technology, the installation of software, patches, and updates is handled by the cloud itself, so you don't need to depend on your IT staff.

Mobile Compatibility

With this software's mobile compatibility, your field staff can use it while on the go and offer real-time updates on the asset management tasks they are carrying out.

Integration

Asset management software can be integrated with other systems and software, as well as with other types of technology, to produce the outcomes and information you require.

Benefits

What Your Existing Business Gains with Asset Management Software?

Increase the Life of Assets
Increase the Life of Assets

You can identify whether an asset is working properly and performing as expected or not by using this software. You can also identify whether an asset needs to be repaired or not.

Reduce Maintenance Expenses
Reduce Maintenance Expenses

By keeping all the detail & data, a maintenance work can be scheduled using asset tracking software, which also helps you by alerting you when anything needs to be done.

Increase Productivity
Increase Productivity

Assets can be automatically scanned using this software as they pass through different process stages, removing the need for workers to physically scan.

Enables Asset Recovery
Enables Asset Recovery

You can create an online presence and barcode identification for each asset with the help of asset management software. In order to find the asset's most recent location.

Ensure Regulatory Compliance
Ensure Regulatory Compliance

It can help your business in meeting legal requirements for things like equipment calibration, testing, and upkeep. This can streamline your reporting responsibilities.

Check-In/ Check-Out
Check-In/ Check-Out

This software speed up the process of giving out and receiving assets while also increasing accuracy. An asset can be found using its name, tag, name of the vendor, etc.

FAQ

Frequently Asked Questions on Asset Management Software (AMS)

Asset management refers to the process of developing, operating, maintaining, and selling assets in a cost-effective manner. Most commonly used in finance, the term is used in reference to individuals or firms that manage assets on behalf of individuals or other entities.

Asset management software helps with asset tracking, management, and monitoring. Additionally, it benefits a business by improving production and efficiency. The return on investment (ROI) eventually rises. Not only that, but it improves daily operations as well.

Using asset management software, asset tracking is done by attaching a tag or label to the asset. For the purpose of complying, it is useful in calculating out the depreciation expenses.

Never Lose Track of an Item Again with an Asset Management

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