Asset Management Software Development
What is Asset Management?
What about the Asset Management Software?
Also called the Asset Management Tool, it is a dedicated application designed for businesses of all types. Asset management software is used for recording and tracking an asset throughout its life cycle. It gives organizations essential information such as who is using certain assets, where they are located, how they are being used, and other related information. Aside from tracking and recording assets, it also provides additional functions which include optimizing supplier portfolio and licensing costs, restructuring procurement methods, and measuring seller performance.
Types of Asset Management
Asset management comes in numerous types, specifically:
IT ASSET MANAGEMENT
The control and governance of IT software and hardware. It encapsulates the contract management, accounting functions, and maintenance for IT assets.
FIXED ASSET MANAGEMENT
Its practice is for the purpose of maintenance, financial accounting, and loss prevention.
FINANCIAL ASSET MANAGEMENT
Often referred to simply as asset management, it is the financial services industry sector that handles customer investment accounts and investment funds.
ENTERPRISE ASSET MANAGEMENT
It is the management of an organization’s fixed assets which include operation, maintenance, decommissioning, and acquisition.
INFRASTRUCTURE ASSET MANAGEMENT
It refers to the management of electric gids, waterways, roads, bridges, and other public infrastructure with a concentration on rehabilitation, replacement, and maintenance of infrastructure.
DIGITAL ASSET MANAGEMENT
It manages the collection of information that the organization controls, owns, or has the full right to use.
PUBLIC ASSET MANAGEMENT
It has the same function as that of infrastructure asset management except that public asset management has a greater range as it includes facilities like airports, schools, public spaces, and parks. It frequently focuses on lengthening the public assets’ service life.
What can Omertex do?
Why does asset management software matter?
There are numerous benefits to taking such a holistic, global view of asset management software development in order to maximize ROI, achieve corporate goals, and ensure efficient operations all throughout. Here are some specific ways our asset management software helps: