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WHAT IS FIXED ASSET MANAGEMENT?

Introduction to Fixed Asset Management
Admin

Fixed Asset Management is not a new concept but still, people do not prefer to use it because of the complexity that it has associated with it. To some, fixed asset management does not mean anything as they do not have any knowledge about it. The best way to manage fixed assets is through the good old fashioned way of the spreadsheet. But is it truly the best way? 

We all know how hard it is to maintain spreadsheets, which becomes even more difficult if you don’t have enough knowledge about them. We, humans, find it exhilarating to start complex things but we have the tendency not to do it on a regular basis. If done correctly or even with a little accuracy, it can help you save a lot of money, energy and time.

The concept of fixed asset management was combined with modern technology to make software and applications like Assetize.it. This not only made fixed asset management easy but also convenient. 

Now, you could manage your fixed assets from anywhere and anytime. 

You do not have to remember spreadsheet formulae anymore nor do you have to search for the asset’s invoice. You do not even have to carry memory storage around your neck or in your pocket to share or explore your assets, as the software is cloud-based and can be accessed from anywhere. 

Unlike spreadsheets, multiple users can access the assets with different permissions. That is, some users might only have the permission to view while some can edit, these permissions are made available to the admins. Who his/her discretion can grant or deny the same. The calculations for depreciation also come built-in, where you can view it with great comfort and ease in real-time with just a few taps. Coming to the price, it costs comparatively lower than the man-hours spent on Spreadsheets. 

“Time is the most valuable thing a man can spend.”

~Theophrastus