The importance of Asset Management software for a safe workplace

Your assets are an important part of your workplace, and it is essential that you have a system in place for asset management.

18 October 2022

freightliner asset management softwareinspection of reachstacker machinery

Asset Management software helps you keep track of your workplace assets more easily.

Your assets are an important part of your workplace, and it is essential that you have a system in place for asset management.

Assets can include anything from phones and laptops to large pieces of plant machinery. Monitoring assets helps ensure they are all accounted accounted for. You can identify faults or damage as well,  and dealt with as soon as possible. This is essential for preventing workplace injuries, and managing risk.

Moving to a digital asset management system can help make this process easier, letting you track your assets more effectively.

Why is Asset Management important?

An asset is anything that has value to your business. It could be a physical object, such as a piece of machinery, or it could even be something intangible, like data or intellectual property. In the context of this blog though, it does not include financial assets or wealth management.

Assets are important because they help your business to function effectively. You can track your assets and keep them well-maintained, as assets are often expensive.

Therefore, asset management is important for several key reasons:

  • It helps you keep track of your assets and ensures that they are accounted for.
  • It can help you to identify any faults or damage to your assets so that they can be repaired or replaced as soon as possible.
  • It helps you to plan for asset replacement and prevent workplace injuries.

What is Asset Management software?

Asset management software is a tool that helps you to keep track of your assets electronically. It stores information about your assets, such as where they are located, who is responsible for them, and when they were last serviced.

You can also schedule asset inspections and maintenance using asset management software. This is important for ensuring that your assets are in good condition and fit for purpose.

What are the benefits of Asset Management software?

There are several benefits of using asset management software:

  • It can help you to save time by keeping all your asset information in one place.
  • It can help you to reduce paperwork by storing information electronically.
  • It can help you to improve communication between different departments within your business.
  • It can help you to make better decisions about asset replacement and maintenance.
  • It can help you to reduce insurance premiums.

If you are looking for a way to improve your asset management, then asset management software almost certainly the answer. It can help you to save time and money, and to improve the safety of your workplace.

Freightliner depot with train in foreground squareIt is also more sustainable than paper-based processes or cumbersome spreadsheets. Preview (opens in a new tab)You can boost your ESG (Environmental, Social, and Governance) credentials by implementing asset management software. This helps you manage your risks more closely, and it is good for the planet as well.

Digital asset management is the future, and it is essential for a safe and successful workplace. If you have not already done so, now is the time to invest in asset management software. It could be the best decision you ever make for your business.

Take a look at our client case studies to see how customers such as Freightliner are using Work Wallet’s digital Asset Management software to great effect.

What should I look when choosing a system?

Good asset management software should let you track assets, assign responsibilities, and check assets for faults with regular asset inspections. The software should allow you to schedule maintenance and further follow up checks if faults are identified. This will help to ensure that your workplace is safe and that all assets are in good condition and fit for purpose.

When choosing Asset Management software, it is important to consider your specific needs as a business. There are a range of different asset management systems available on the market, so it is worth doing some research to find the one that best suits your needs.

Therefore, if you are looking for asset management software, there are a few things to consider:

  • The size of your business: You will need to choose software that is scalable so that it can grow with your business.
  • The type of assets you have: You should to choose software that is designed for the type of assets you have.
  • Your budget: There is a range of asset management software available at different price points. It is important to choose something that is affordable for your business.
  • Your asset management needs: You will need to decide what features you need in asset management software. This will depend on the size and complexity of your asset portfolio.

Once you have chosen and implemented your Asset Management software, you can start reaping the benefits of having a more efficient and effective workplace. Your employees will be safer, and your workplace will run more smoothly. An asset management system can help you achieve this.

Why Work Wallet is the best option for you

Modular features of Work WalletWork Wallet is the leading health and safety software on the market, and includes asset management. It is designed for businesses of all sizes, and you can scale it to grow with your business. Work Wallet offers a range of features to suit all asset management needs, and it is very affordable.

Asset Management is just one part of the suite of Work Wallet safety modules. You can pick and choose the parts of the system you need. Consequently - with no bundles or tie-ins - you will only pay for what you need too! With excellent after-care, we will be with you every step of the way on your journey to better workplace safety.

If you are looking for an asset management system, then Work Wallet is the perfect solution for you. It can help you to improve the safety of your workplace and to save time and money. Invest in Work Wallet today, and see how it can benefit your business.

Book a demo or speak to our contact team today.


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