User Asset Management: A Corporate Perspective
User Asset Management - Every business will have assets. Or in other words, we can say that a company runs with the support of its assets. We know that an organization manages different types of assets. The proper management of assets makes the business efficient & transparent. It increases employee participation & enhances productivity.
The different types of assets:
- Digital asset
- IT asset
- Financial asset
- Fixed asset
- Infrastructure asset
- General asset
Assets are being classified into different categories with the introduction of new technologies. To manage different types of assets we need a separate system. Unlike the old times where every asset was managed manually by managing manual registers and logbooks, all assets are now managed with the help of software platforms. One of the best User Asset Management Software in the market today is provided by Atmoz.
What is Asset Management?
Asset Management can be termed as the system for managing all assets of an organization by assuring the systematic management, organization, and transaction of assets.
In an organization, asset management will need an inter-departmental operation. It involves the participation of managers of different wings, accounts, and employees of all other levels. Effective asset management can help the employees, investors and improve the life cycle of the asset.
It may involve the following activities:
- Asset category creation
- Asset creation within the category
- Inventory list
- Asset allocation to employees
- Asset upgrdation
- Asset Re-call
- Asset change request
- Asset log book
- Asset Insurance
- Asset replacement
The key responsibilities of an asset management wing are as follows
- Oversee the assets
- Manage maintenance schedule
- Regular monitoring of the asset
- Tracking of the asset
- Inventory management
- Data generation
- Efficient data stream management
- Real-time tracking of assets
- Improved accountability
- Better equipment maintenance support
- Centralised operation eases interdepartmental asset management
- Saves time and resources
- Improved accuracy
- Avoids theft and mismanagement of assets
HR & Assets- A case to study
HRMS is a comprehensive human resources management software solution that offers support for all human resources-related operations. It helps the business to manage human resources as well as other resources. This tool developed by Atmoz will help you to bring together all operations.
Any organization despite its size can make use of this feature.
Why does the human resources wing engage in asset management?
As resource management is all connected the human resources wing can play an important role in managing the assets. In an organization, all assets used by the employees will be managed by the HR.
These assets include:
- Laptop
- Mobile phone, or
- Any other instrument or equipment provided by the company
- It can also include the vehicles owned by the company or
- A conference hall which is rented by different departments for different purposes
The company will get support to track the movement of all these business properties. Asset management becomes a painful task when the size of the organization increases. Managing the details of 1000 or more employees along with their assets is an impossible task without a software solution.
Atmoz User Asset Management system integrated with your HRMS gives you a complete solution to distribute, track and collect back company assets. This can be done with the help of the software tool and integration of this tool with accounts and other wings.
User Asset Management System (UAMS)
In HRMS you will find a module named UAMS and this module is used to manage assets. This module can be used to allocate different company assets to employees. IT can also help the employees to send their requests for different assets. It will help the HR Department to manage different individuals and the products and assets assigned to them. Approval and rejection of asset requests and tracking of assets and maintenance and repair management of assets can also be done with the help of this application.
With HRMS your asset allocation, tracking, management, and return become simple and effortless. It will also help to renew asset custody. It will also support you to generate asset reports with ease. All operations regarding assets can be done with a few clicks.
Demo’s of Atmoz User Asset interface is free. Do write into to support@atmoz.in or visit our online page at www.atmoz.in