Industries Asset Management

Asset Management Software Development

Every business knows the importance of asset management software development, especially when it comes to maximizing the result of complicated and expensive assets. The right software will help you assure the availability of your asset and let senior management protect and handle their general investment in a nuclear power plant, jet aircraft, offshore drilling platform, manufacturing facility, and others. If you’re in the market to get to know more about asset management software or simply looking for a reputable company that can offer you such a service, then you’re in the right place!

What is Asset Management?

As a business owner, you should know the importance of keeping informed and accurate fixed asset records. Government regulations, like GASB 34 and OMB A-133, require that assets beyond a certain capitalization onset be tracked from acquisition to disposal. Simply put, asset management is the directing, maintenance, and planning of investments, intangible assets (e.g. human capital), and tangible or fixed assets (e.g. buildings). It includes the balancing of risks, potentials, and expenses against the desired asset performance to achieve the objectives of an organization. In addition, asset management allows organizations to assess the need for asset systems and asset performance at various degrees. It also enables the use of analytical approaches to managing an asset over its different life cycle periods.

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?

As an outsourcing asset management software services provider, we aim to build solid, long-term partnerships with individuals and businesses for both mobile and web applications. Our team mostly focuses on FinTech solutions. We have one imperative goal, and that is to grow your portfolio in a substantial manner. Net worth individuals, financial intermediaries, corporations, pension funds, and other institutional investors depend on our asset management software development to help their business thrive in the market, no matter how tough the competition is. We conduct research, interviews, and data analyses of markets, trends, and companies to define the types of investments to avoid or make on your behalf. Our responsibility is to find efficient ways to maximize the value of your company or organization through managing intangible and fixed assets to become cheaper and more reliable. Some of these ways include evaluating asset financing options, maintenance discipline, asset accounting methods, and productions operation management.

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:

Time saver for everyone

Imagine all the time you will save when you work with Omertex for your asset management tasks! You no longer need to research information connected to facilities, components, or other tangible assets. Get rid of the paper checklists in place of time-saving communication with the use of equipment base, smart filtering, and proper context.. You can use all the precious time you save for other important purposes or events.

Tracking

Asset management has a complete list of what the business leases and owns, including how assets are utilized, when changes were last made, and where they are located. Such an extensive survey offers unparalleled benefits.

Reduce security risks

With asset management software, you can determine unauthorized software and protect users from an attack of viruses on their mobile or computer devices. In addition, it keeps a check on the potential costly damage risks caused by viruses. So, you can have peace of mind knowing your valued clients won’t be in harm’s way when they browse your page.

Improve business productivity

Above all, enhanced business productivity can be found with the help of our reliable asset management software. It guarantees efficient management of user reference manuals, materials, and product support. With these support manuals, your employees can further contribute to increasing your organization’s productivity level. What’s more, the flow of interaction in your organization will improve. Conflicts between teams are eliminated, promoting a more productive and happier work environment.

Set a priority and handle work requests well

Omertex manages all of your work requests in an efficient manner to save time and money in the long run. Since it submits requests straight to the system, entrepreneurs and business owners alike are given the opportunity to organize a priority system for the inbound requests. The software will manage the requests based on their urgency level. The software also sends daily updates automatically through email. Regardless of the time in your region, rest assured that the part and current work orders will be an easy task for you.

Maintenance savings

Because assets need maintenance activity at various life-cycle phases, asset management helps make sure human resources and spare parts cover the needs of your corporate without having to spend too much. Asset management software development also takes advantage of the lower expense support during the sweet spot of the hardware for third party maintenance.

Financial reporting

Businesses can’t deny the significance of accounting for software and hardware acquisitions, as well as other amortization rates and related needs. By partnering with us, you can rest assured that your financial statements will disclose these important statistics.

Save more money

Our asset management software helps organizations save big bucks by eliminating costly emergency repairs, improving equipment uptime, and increasing asset longevity. Moreover, the software minimizes negative publicity and fines by performing regular inspections.

Asset recovery

Unfortunately, IT hardware is not intended to last forever. Some assets will ultimately be scrapped or sold, while others will be redistributed.

Asset Management Software Development Features

The best asset management software relies on the features it possesses, and we are proud to say that ours is one of the most reliable services you can find on the market.

Accurate

We provide clients with accurate data for their company, as well as an automated solution. The data we offer enables you to make sensible decisions based on historical statistics, not guesswork.

Customization

We know how precious your time is, and we are here to help you out. Our asset management software development service offers support, functionality, and efficiency to meet your organization’s needs.

Unlimited locations

Another key feature of our software is its ability to add unlimited locations. You can add as many rooms, buildings, or even regions as you want. The options are endless!

Integration

Network access and security system compatibility provide additional usability and richness to a system. Integration with current data bases will help you save money and time. Our asset management software allows you to integrate any of the tools you use on a regular basis, such as Google Apps and Jira.

Scalability

Systems can be tailored according to your individual requirements. This allows you to adapt and prepare for change without distraction from the regular operation. Key control cabinets and locker modules can also be added.

Easy updates

Users can perform changes, moves, and adds quickly. With our service, it is always easy to keep the records of your assets up-to-date.

Security

The asset management systems we offer are designed to enable authorized users to have access to stored items. Your system manager can monitor the data from desktops connected to the network.

Affordable

Good news: You don’t have to break the bank when it comes to upgrading your asset management software. We’ve got a reasonably priced asset tracking solution that is sure to meet all your needs.

Other features

Online and mobile features are included, too! Now you can manage your assets in real time and on the go. Track and manage your tangible or intangible assets using iOS devices, Android, or desktop.