Asset Management Software

ID#: 46908

Solution name:

Asset Management Software

Solution description:

Our software allows corporations to manage and find new uses for their surplus or idle equipment.

Most firms have acquired a huge number of assets over the years, but they don't have an asset management system that tracks which assets are no longer being used.

That’s the problem our software solves!

Solution web page:

http://www.assetglobe.com/enterprise-saas This link will launch a secondary browser

Our software generates values to our clients in a number of ways:

1. Cost Savings

Redeploying existing equipment instead of purchasing new ones
Find new internal uses for existing equipment instead of disposing
Optimizing use of office and factory space
Reducing storage costs
Saving on logistics costs
Avoiding costs of equipment repair due to long periods of inactivity

2. Corporate Compliance

Ability to define checklist to cover different compliance areas such as Finance, Tax, Import/Export, Decommissioning, Decontamination, Health & Safety, Technology restrictions, Data Protection and IP protection

3. Sustainability

Reducing consumption of natural resources
Upgrading to equipment that is more energy efficient
Preventing waste of idle equipment
Reducing environmental footprint
Responsible disposal

4. Recycling

Lower waste removal, land filling and incineration costs
Generate additional income
Enhance brand image
Reduce risks and liability

5. CSR

Ability to select equipment for donations

Our software is Web based, not requiring any software installation, and supports all major browsers (IE, Chrome, Firefox and Safari).

Business information

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Functional details
Main features:
1. Asset database of available equipment, offering possibiity to browse or search equipment
2. Directory of employees, with contact details and summary of responsibilities
3. Management of company locations, with list people responsible for the activities
4. Approval workflows, so that activities are managed properly
5. Messaging system, to make it easier to exchange information
6. Compliance checklists, making it possible for clients to define lists of requirements that must be done prior to equipment transfer or disposal
7. Management reports, showing the results realized
8. User points to promote participation, creating an incentive for every employee to enter information in the system
Return on investment
What impact could this have on your business? Some facts:
- On average, firms implementing asset recovery/investment recovery processes achieve USD 20.5 million in cost benefit per annum (Source: CAPS Research)
- On average, firms generate a cost benefit of USD 31 for each USD 1 invested in asset recovery/investment recovery activities (Source: CAPS Research)
- An estimated 10% of a firm's asset base is idle, surplus or underutilized. In many cases, these assets are never redeployed (Source: CFO Magazine)
Competitive advantage
Our competitive advantages are:
1. Support for internal corporate compliance and approval processes for redeployment and disposal of physical assets
2. Extending functionality in available ERP packages to cover redeployment and disposal of equipment
3. Easy to use software that any employee can use without requiring additional training
4. Integration with existing ERP and asset register software makes it easier to publish information of available equipment
Industries

Aerospace & Defense Industry
Automotive Industry
Banking Industry
Chemicals & Petroleum Industry
Computer Services Industry
Consumer Products Industry
Education Industry
Electronics Industry
Energy & Utilities Industry
Financial Markets Industry
Government Central/Federal industry
Government, State/Provincial/Local Industry
Healthcare Industry
Industrial Products Industry
Insurance Industry
Life Sciences Industry
Media & Entertainment Industry
Professional Services Industry
Retail Industry
Telecommunications Industry
Travel & Transportation Industry
Wholesale Distribution & Services Industry
Solution areas

Insurance
Other
Customer size

Midmarket Business (100 to 499 employees)
Midmarket Business (500 to 1000 employees)
Large Business (greater than 1000 employees)
Languages supported

English
Countries/regions available for distribution

Africa

Americas

Asia Pacific

Europe

Middle East

Other