What is Software Asset Management?
Companies and organizations use asset management systems to monitor and manage their assets. It is made up of tools, procedures, and, in some cases, software that aids in the achievement of asset management goals and objectives.Asset management software is a centralized system that allows your organization to track important details about each asset in real-time. This decreases administrative costs, improves service and gives your organization greater visibility into asset utilization, costs and maintenance.
How Does TiMAD Software Asset Management Aid in Asset Management?
Asset Tagging, Inspection, and Tracking are becoming a major challenge to every Asset Intensive Organisation as part of their Asset Management activity. In the current scenario, keeping track of assets spread across different locations, their current status, asset tagging, warranties, maintenance schedules, inventory, expiry, etc. for the complete asset life-cycle is a time-consuming and manual job. TiMAD’s Asset Inspection solution has been designed based on the Asset Life Cycle Process and helps to better manage the assets by minimizing the manual overheads. The solution also helps to improve the overall efficiency and data quality as against the excel based process. TiMAD, through its partner network also helps in integrating the outcome of this process with Accounting to better manage asset depreciation value and reduce tax liabilities
TiMAD Asset Management Software Advantages
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Fully integrated solution to address the complete Asset Management process
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Single application to keep track of Asset Inspection, Asset Tagging and Asset Tracking
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Asset Scanning to avoid manual errors in inspection data gathering
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RFID/Barcode enabled solution for Asset Tagging
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Manage parent/child relationship between the assets
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Provision to discard the asset with real time inventory updates
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User friendly and Easy to Use solution design to increase the acceptability in the field work force
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Seamless integration of the data with legacy systems
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Flexible reporting features
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Configurable application design to best suit the organization level SOPs
Success Stories
Key Features of TiMAD Asset Management Software
ASSET TAGGING
Asset Tagging using Barcode, QR Code or RFID
ERP INTEGRATION
Integration of TiMAD’s Asset Inspection mobile solution with ERP and updation of Asset Tag code in ERP
REPORTING
Business Reports and Dashboards
INVENTORY CONTROL
Asset Stock Monitoring and Asset Warranty tracking
ASSET MAINTENANCE
Preventive, Corrective or Breakdown Maintenance of the Assets using TiMAD’s Maintenance Solution (CMMS)