How can asset management software help reduce admin costs?
Construction companies spend approx 20 hours a month administering training certificates, work permits and safety data sheets. By using asset management software, this can be reduced by 33%, whilst automated renewal reminders can cut this time by 90%.
Implementing asset management software could significantly lower your administrative costs, streamline your services, improve customer service and allow you to scale your business quickly and easily. And because administrative staff wouldn't need to track down assets manually, their time could be spent on other, revenue-generating activities.
Asset tracking can also help minimise equipment loss and theft, thus reducing project spend. In addition, it'll allow the administrative team to effectively communicate with other departments and have better visibility over the project’s progress.