The Asset Management System from Open Technology Company is a system designed to help organizations efficiently manage their assets throughout their lifecycle, from acquisition to disposal. It ensures the optimization, tracking, and maintenance of physical or digital assets to achieve operational goals and reduce costs.

What Our Assets Management Include?

           1.Home with Dashboard

 The Home screen serves as the central hub for users, providing quick access to essential features and a summary of key metrics through the dashboard. The dashboard typically includes graphs, charts, and numerical summaries that offer insights into asset performance, maintenance status, and other relevant data.

 

 Setup

The Setup section covers the initial configuration of the assets management system. Users can add and customize various entities such as countries, companies, sites, locations, rooms, asset categories and employees according to their organizational structure and requirements.

2.Assets Management

This section permit user on managing assets within the system. It covers tasks such as adding new assets, editing existing asset details, associating assets with specific locations or categories, and retiring or deleting assets when necessary.

o Detail about Asset Management

·Depreciation

Several key details must be considered when calculating depreciation, including salvage value, depreciation rate, and the chosen depreciation method.

   Graphs and tables can visually represent depreciation schedules, illustrating how an asset's value decreases over time under different depreciation methods and assumptions. These visual aids provide a clear understanding of how depreciation impacts an asset's value and financial statements, allowing for better decision-making.

 

·Maintenance

Asset maintenance is critical to ensuring its longevity and optimal performance. Scheduled maintenance tasks involve a structured approach to maintenance, usually organized by dates, addresses, responsible parties, and status updates. These tasks are performed carefully to prevent unexpected breakdowns and reduce downtime. By adhering to a pre-determined schedule, assets receive timely attention.

 

·Warranty

 The warranty started date marks the commencement of the warranty period, typically triggered by the purchase or delivery date. The warranty length in years denotes the duration for which the seller guarantees to repair or replace the product if it malfunctions or fails to meet specified standards. The warranty end date signifies the conclusion of the warranty period, beyond which the seller is no longer obligated to provide free repairs or replacements.

3. Actions on the Assets

Users can perform various actions on individual assets, change asset status (from Available to check-out, broken, lost or missing). This section provides guidance on how to implement these procedures effectively.

4.Actions Tracking

Tracking actions taken on assets is crucial to maintaining asset movements.This section explains how users can track and review actions performed on assets over time, including access to logs, reports, and audit trails.

 

5.Reports

Generating and analyzing reports is crucial for gaining insights into asset performance, maintenance activities, and compliance status. This section provides guidance on generating, customizing, and interpreting various reports offered by the system.

 

1.Depreciation Reports: generated by asset management systems offer a detailed overview of the decrease in value of assets over time. These reports employ various depreciation methods such as straight-line and declining balance to calculate the decrease in asset value.

2.Site Reports: in asset management systems provide valuable information about the locations and distribution of assets across different sites or facilities. These reports detail the inventory of assets present at each site, including their tag ID, cost, category and department.

 3.Warranty Reports: generated by asset management systems track the warranty status of assets, including warranty start and end dates. These reports help organizations maximize the value of warranties by ensuring timely repairs.

4.Maintenance Reports: provide insights into the maintenance activities performed on assets, including preventive maintenance schedules, status, repair history. These reports help organizations track asset performance and identify maintenance issues.

6.Maintenance

Maintenance is a key aspect of asset management, ensuring that assets remain in optimal condition and operational. This section covers scheduling maintenance tasks, managing work orders, tracking maintenance history, and analyzing maintenance data.