It’s the process of tracking the internal assets that your business uses for its daily operations. It concerns documents, equipment, tools, and even employees.
Tracking assets prevents you from their loss and theft. Besides, this record might be helpful for liability, tax, and insurance purposes.
You can track all types of assets, including equipment, documents, mobile tools, and your workers.
Yes, Processica works on smartphones, tablets, browser-based devices, iOS and Android based mobile apps, which allows accessing data, submitting requests, managing work orders, and more in real time.
Yes, and our custom software development includes the following features: workflow configuration, business analysis, quick integrations, dashboards and views, extra reports, and special mobile apps. That means we can develop customizable workflows, develop custom business analysis considering processes to be optimized, integrate with specific third-parties via connectors, allow you to manage any custom process, develop custom reports on completed workflows and tasks, customize our mobile app to manage any process on the go.
Inventory is the goods, materials, and products a company sells to earn revenue. It can be a product itself or any component that is used to create the company’s product. The organization sells inventory, sends it into the distribution channel, or uses it in production to stay in business. In contrast, assets are what is used in production of the company’s products but is not part of the company’s product line or revenue stream. It can be equipment or machinery that is rarely sold, unless the company is upgrading it or selling a facility.
Fixed, or hard assets are the long-term assets on the balance sheet that a company expects to profit from for a long time. But as they have a finite useful life, accountants must record the decline in their value by recording periodic depreciation. Although each asset’s value is reduced over time, financial statements will continue to use its original cost rather than its relevant market value. That is why you need a tracking system of fixed assets to know how much value they are worth at any given time.
Processica has developed out-of-box integrations with some key applications: Active Directory, WorkMarket, ServiceNow, Microsoft Azure. To integrate with other applications, we use our standard API services and ready-made lambda connectors and integration services.