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While most businesses welcome digital advances, some still use outdated methods to manage their assets. And as you’re probably aware, keeping track of what comes in and out of your business can be an impossible task, resulting in inventory write-offs.

Did you know that 80% of employees waste half-an-hour per day tracking down information on assets? And weeks, months and years, this figure adds up! That’s where understanding the asset management life cycle can be of help.

Utilities are a large part of our society, especially when it comes to running a business effectively. As the tech industry grows ever larger, things like electricity and power are becoming more essential to our daily lives. As the demand rises, so does the need to manage it properly.

A lot of companies think that simply having their devices in Jamf is enough to stay in full control of their assets. Unfortunately, there are some key elements missing for it to be a proper IT Asset Management solution.

Choosing the right asset management software can be a tough decision to make. You want software that’s easy to use, meets your business needs, and most importantly won’t break the bank.

Every company is required to keep accurate financial records. It’s not only a matter of compliance, but it’s also to ensure that you’re getting a return on your investment. Part of the process of updating and producing accurate financials involves conducting an asset audit.

According to Gartner, up to 30% of an organization’s IT budget could be saved by implementing an effective asset management strategy. For instance, a business with an IT budget of as little as $50,000.00 a year could be saving up to $15,000.00 by using asset management software like BlueTally.

Looking for asset management software to help identify, track and manage your assets? We’re going to do an in-depth review of the popular asset management software Asset Panda.

If you recently joined a new company as a IT Leader, you should implement these five low-hanging fruits to get a flying start!