Top Fixed Asset Management Software In India For 2024
Looking for top fixed asset management software in India? We've got you covered! Explore the blog and get to know the best-fixed asset handling system for your business. So asset management is the process of managing and tracking a company’s assets, including equipment and buildings. The process ensures the company’s assets are well maintained and utilized effectively to ensure the brand never gets out of budget.
Additionally, fixed asset management software is a highly customized tool that helps companies manage their physical item; it can be anything from machinery to equipment. The software strategically tracks the performance of different assets and analyzes their condition and value. It also involves scheduling maintenance and monitoring how the value of these assets changes over time, making them more organized.
Therefore, this blog will help you to know trending features you must have or integrate into your fixed asset management software, the benefits of utilizing it, and the top fixed asset management system in India.
Features Of The Top Fixed Asset Management Software In India
Here, we will explore what qualities or capabilities an asset management application must have to perform all the tasks you want to get done through it.
Asset Monitoring:
This is the most valuable and required feature of any asset management tool, as it allows you to track the current performance, location, and performance condition of all the items. It generates reports that will provide you with clear insights on where you are required to spend, what needs attention, frequency breakdown, location, purchase history, and more. It is a single source of providing details over all the asset belonging pursuit. This also creates personalized reports highlighting the loopholes, performance, maintenance data, spending, etc.
Scheduling for Maintenance:
Scheduling manually in large enterprises is not a feasible task to perform. An asset-handling tool with maintenance scheduling capability can simplify the task by sending automated alerts over the prior set of introductions. Here, you can set the alert over the activities you want to get notified on. It can be related to some repair, impending downtime, or schedule-specific maintenance duration.
Reporting and Analytics:
With software fixed asset management, you must be able to create a detailed report where all the data related to average product downtime, frequency of their revamp, costs, acquisitions, and overall profitability. Additionally, it should convert into trending file formats, including PDF, CSV, etc.
Depreciation Calculation:
The calculator of asset depreciation is a required component of fixed asset handling software that helps you track how much value your company asset is losing or will lose over time. It automatically calculates the reduction based on different metrics, such as the asset's lifespan and usage. This makes it easier to handle and report asset value precisely, ensuring your data reflects the current worth of the items.
Integration With Other Systems:
It’s one of the vital features to have in your tool. It allows you to seamlessly integrate your system with other tools that you use periodically or regularly. It streamlines the smooth integration with software such as inventory handling tools, email automation, HRMS, accounting systems, and more. This simplifies the data migration from one tool to another without switching to a separate platform and saves you time.
Benefits Of Fixed Asset Management Software Provides
After learning about the must-have features, we can move further towards the advantages of consuming India's top fixed asset management software.
Improve Asset Visibility:
When a startup or large enterprise grows, their requirement also increases. Asset management is an extensive process of initially identifying what your brand really has and what it requires. To match the growth of your business, you require a management software fixed asset tool that sends you alerts about your increased demands, shows what’s not working or requires attention, and more. Thus, this ensures that you have clear visibility over all your business assets.
Tracking Flexibility:
Fixed asset handling tool offers the feature of real-time tracking of your company assets. There are multiple asset-tracking tags that you can add or modern asset management software already have, including RFID tags, OR codes, NFC tags, GPS trackers, and more. Thus, with asset tracking software features you can smoothly monitor the location and performance of your goods and assets.
Optimal Asset Care
Every company wants to get the most return on its assets, and the best way to achieve this is to maximize asset life through effective maintenance and monitoring. You can easily track your fixed assets using EM Protection Pro’s Asset Management System in real-time, and it notifies you when an asset requires maintenance. Conversely, this effectively reduces maintenance expenses, increases productivity, and maintains smooth operations are all achieved by minimizing asset downtime.
Ghost Assets Identification:
Ghost assets are basically an asset that exists or is utilized by the company but is not mentioned in the register or physically available to look at. Additionally, this can’t be tracked or monitored, making it crucial for you to have data on it. With an asset handling tool, you will no longer confront any ghost software that is part of your asset, but you don’t know.
Top Fixed Asset Management Software in India
Thus, these were the advantages of integrating this system in your company. Here, we will get to know the best and most tailored asset-handling application for your company that is widely popular in India.
EM Production Pro’s Asset Management System
EM Production Pro is an India-based software development company specializing in creating brand requirement-tailored digital solutions and software while meeting industry standards. We ensure your company gets a reliable solution with periodic modifications, alerts, and seamless integration with other tools. Conversely, EM Production Pro’s Asset Management System is a customized solution that is designed to streamline the business assets' life cycles and utilize a digital approach for smooth asset monitoring and tracking. Trending features of this personalized asset management system are:
- Asset Inventory and Maintenance
- Loan Module and Asset Insurance
- Asset Voucher and Audit Reports
- Asset Warranty Master
Additionally, it serves you with multiple advantages, including making your audit ready, customization as per your requirements, automated alerts, data-driven insights, asset security assurance, and management, etc. EM Production Pro’s AMS can seamlessly integrate with your brand's existing software, such as Easy ERP, Microsoft Navision, Salesforce, Tally, SAP, Outlook, etc.
Thus, we hope you find this blog informative and useful, providing you with a reliable solution to all your asset management software-related requirements
