Current Date:February 5, 2023
Management Software

How to Maximize Field Service Performance with Asset Management Software

One of the primary reasons companies face problems concerning field service management is a need for more information; this allows for incorrect assumptions to be made. With the help of field service asset management software, barcodes, devices, and technology, it is possible to increase efficiency levels significantly. It will also make it easier for companies to optimize the performance of field service employees, which can ultimately help improve revenue leakage.

 

Asset management software is a powerful tool for field service businesses. The right system can give a holistic view of all assets, locate, and track them easily, and keep accurate records of their history, maintenance, and performance. What’s more, it can help protect revenue leakage by flagging assets that need attention and alerting staff when they are due for replacement or repair. Asset management software also enables management to improve asset uptime by scheduling preventative maintenance checks and rehabilitation at the right time.

Holistic Visibility of All Assets

A holistic view of all assets is essential to optimize performance and easily keep track of everything. Asset management software allows the ability to see all assets in one place, so it’s easier to see who has what and where they are located. This will enable management to make better decisions regarding repairs and maintenance costs and prevent any future issues from occurring due to equipment failure or lack thereof with the proper training and equipment.

Barcodes

Barcodes are used for identifying assets. This makes it easier for the employees to identify an asset quickly during a job. With barcodes, it is easy to identify the exact location of an asset and its condition. Barcodes also help to protect revenue leakage by ensuring that employees are not overcharging customers or charging them for products they don’t need. Also, barcodes ensure that companies only charge customers for service calls when required.

Depreciation

Asset depreciation is calculated based on the age and usage of an asset. It helps companies calculate how much money they will lose over time due to the depreciation or wear-and-tear of an asset. Depreciation calculations provide data on how much money should be spent on maintenance costs to protect investments against depreciation charges in future years.

Warranties

The warranty management features of asset management software allow businesses to track the warranty period of their assets. This will help them to identify any issues that may arise during the warranty period and make sure that they are fixed before it expires.

Purchase Cost

The purchase cost tracking feature allows businesses to track how much they have paid for each asset they own. This information can forecast future costs and determine when to replace the equipment.

Disposal of Assets

Asset disposal tracking lets businesses know when an asset is ready for disposal and what condition it should be in before being disposed of. This helps companies to avoid paying unnecessary taxes or fees by disposing of assets prematurely.

Workflow Configuration

Workflow configuration allows businesses to set up customized workflows depending on their needs. For example, a company could create a workflow that automatically sends invoices when products are sold, or services are rendered. This ensures timely billing of customers for services rendered or products sold, which can lead to lost revenue from unpaid invoices.

Protect Revenue Leakage

When staff can’t be there for customers, they’ll go elsewhere for help, which means lost revenue for the business. With asset management software, management can protect revenue by ensuring that all field technicians are equipped with the tools they need on their job sites. That way, no matter where they’re located or what equipment they’re working on, they’ll always have access to critical information about customer assets and maintenance plans.

Improve Asset Uptime

One of the essential benefits of asset management software is that it allows management to keep track of each piece of equipment in the fleet to know where it is at any given time. Suppose one piece of equipment breaks down unexpectedly. In that case, management can quickly dispatch a technician to fix it before it becomes more severe or causes problems for other parts of the operation.

Access Asset Information and History from Anywhere

Another advantage of using an asset management system is that it allows employees to access information about equipment from any location using a mobile device or computer. This means technicians can easily access information about an asset when needed without waiting for someone else to do it or wasting time trying to find someone with access to the information they need.

Considering Zuper’s Asset Management Software

Businesses worldwide are beginning to realize the tremendous benefits that Zuper’s field service asset management software provides for businesses of all types & sizes. It boosts company performance, and better manages assets and liabilities. Gain a comprehensive and holistic view of the business’s entire system by improving the visibility of all assets. Zuper’s FSM software platform can help create better operational capabilities across the organization and allow the business to leverage new opportunities.

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