Blog - 5 main challenges in asset management and how the Asset Manager application solves them

Asset management is an essential element of a successful business. Whether large organisations or small businesses, asset management can be challenging and complicated. In this article, we'll take a look at the top five challenges faced when managing assets and show how the Asset Manager application effectively addresses these challenges.

Asset tracking and accounting

One of the main challenges in asset management is to maintain accurate and up-to-date records of all items, their location, value and condition. The Asset Manager application solves this by using QR codes to scan and record assets quickly and easily. This method allows for fast and accurate asset tracking, which increases efficiency and reduces errors.

Inventarizace

Inventorying can be a time-consuming and laborious process. Asset Manager offers a quick and easy inventory method that involves scanning a QR code on an item. This way, inventory can be done in just a few minutes, saving time and resources.

Planning and monitoring of revisions

Scheduling and tracking revisions can be challenging, especially when multiple participants and deadlines need to be coordinated. Asset Manager makes it easy to schedule revisions based on your organization's needs and automatically sends email alerts a month before a scheduled revision. This ensures that revisions are not overlooked and are performed in a timely manner.

Recording of contracts and agreements

Managing contracts and agreements can be messy if they are not properly recorded and organised. The Asset Manager application solves this problem by offering a clear and centralized place to store and track all contracts and agreements. This way, you can easily see who you've dealt with and ensure that no agreement goes unrecorded.

Repair and maintenance management

Keeping track of needed repairs and maintenance of assets can be challenging, especially when different tasks and stakeholders need to be coordinated. The asset manager facilitates this process by allowing all repair requests and historical repairs to be recorded. This allows you to easily track the condition of the asset and ensure that all repairs and maintenance are carried out in a timely and efficient manner.

Asset management is a key aspect of a successful business, but it can present a number of challenges. The Asset Manager application effectively addresses these five major challenges, resulting in a more efficient and easier asset management process. With Asset Manager, you can take control of your assets, save time and resources, and focus on growing your business. Try our app and see how it can help you improve asset management in your organisation.