Managing and monitoring thousands of company assets manually is a mistake. It will be very tiring, time-consuming, and very vulnerable to errors. That is why your company needs Asset Management Software to manage all assets owned by your company.

What is Asset Management Software?

Software asset management (SAM) is a business practice that involves managing and optimizing the purchase. Distribution, maintenance, utilization, and disposal of software applications in an organization.

Assets are resources or assets owned by individuals or business entities. Like in a family, each company also has an asset, whether in the form of land, buildings, equipment (tangible assets). Or in the form of shares, copyrights, and brands (intangible assets).

Company assets are the most important part of a company. That must be managed well in order to be beneficial to the company. While at the same time encouraging the achievement of company goals.

Asset management is the process of maximizing company assets to provide the best return. To the company and other interested parties. Sometimes, asset management also involves asset recovery. Asset management requires proper decision making so that assets can be more useful. Decision making is done by involving all parties in the management level. So that decisions can be implemented well in all parts of the company.

Company assets must be reviewed annually to see if there are assets. That can still be used or must be replaced. With proper asset management, the company can reduce expenditure figures and increase cash income (cash).

So, why is Asset Management Software so important for the company?

7 Reasons for the Importance of Asset Management Software for Companies

Given the importance of managing company assets for the achievement of company goals. It is very important for companies to have this software. Here, 7 reasons for the importance of Software Asset Management for companies, including:

1. Managing and Maintaining Asset Values

Certainly, it will be very difficult to handle and monitor all assets owned by the company. With Asset Management Software, companies can manage, monitor, and maintain the value of company assets to remain high. Have a longer life, and avoid damage to assets whose sale value can be determined.

In addition, the company can also identify certain assets anytime and anywhere.

2. Using Real-Time Asset Management

Furthermore, the company also has a clear picture of all assets owned. In addition, all assets can also be tracked all items at any time in real-time.

Accurate asset tracking is very important to obtain efficient data management. This will help you to find duplicate or obsolete records and delete them from your system to avoid confusion.

3. Avoid unnecessary maintenance costs

Tracking all company assets takes a long time to complete. Outdated and unproductive company assets can reduce operational efficiency leading to unnecessary costs.

If you have all the important information about company assets from purchase to maintenance. You can take effective steps to avoid disruption to the system at the right time. Only Asset Management Software can do all of these things very well.

4. Time Efficiency

You can realize the alignment of needs and requirements with existing capabilities. This will let you know what you should consider spending, what needs to be eliminated to save money.

In addition, this software can also help you to understand asset details, capabilities, enhancements, maintenance requirements, and many other factors. So, Asset Management Software acts as the capacity manager to make decisions at the right time.

5. Conduct an Audit of Company Assets

An audit check for company assets is a must. Because an audit check allows the company to identify licenses that have to expire and assets that are already outdating. The company may experience financial losses for obsolete assets in the form of taxes and maintenance costs.

Asset Management Software can help you carry out audit checks to increase the visibility of company assets. And reduce legal risk.

6. Increase Asset Safety

Assets in sufficient quantities in a company certainly can not be controlled one by one and guaranteed security. With Asset Management Software, assets owned by the company will be stored properly from the first to the end. The company can also minimize the loss or damage to company assets.

Of course, the company needing this software. So that all company assets can be stored properly, safely, and protected.

7. Make Risk Management

Risk management is one method for analyzing, identifying, assessing, controlling, avoiding, minimizing, or even eliminating threats (risks) in a company. Risk management is very important to create corporate awareness of the risks. Or dangers that may be faced from the assets owned.

That was 7 reasons why the importance of Asset Management Software for companies.

RedERP Asset Management Software is present as a solution for companies in managing every existing asset. RedERP can make operational management, maintenance, and asset reporting operations easier, faster, and more accurate.

With RedERP Asset Management Software will help companies to monitor. The condition of assets even in real-time helps in making reports and analyses and prevent human errors.

In addition, RedERP Asset Management Software. Also makes it easy for you to optimize the use of assets, reduce costs, manage capital expenditures better. And ultimately maximize returns on assets including fixed property, plant, and equipment.