Why managing assets properly can save your company time and money

Silvia Rad

6 days ago

Why managing assets properly can save your company time and money

Imagine this.

A new employee joins your company. They’re told to pick up a laptop from the IT room, except no one knows which one is available. Someone thinks it’s already assigned. Another person says it was returned last week. The laptop? Still sitting in a drawer, unaccounted for.

Now multiply that by 50 people. Or 500.

Without a proper system in place, managing company assets becomes a guessing game. And that’s where problems begin.

The hidden cost of poor asset tracking

Let’s say you’re running a mid-sized creative agency - BrightFrame Studio. You’ve got dozens of laptops, external monitors, camera gear, licenses for editing software, and office furniture.

You also have no centralized asset tracking system.

Here’s what happens:

  • You purchase extra software licenses that you didn’t actually need.
  • You lose track of expensive items that were never returned by off boarded employees.
  • IT spends hours every week manually updating spreadsheets.
  • Someone tries to expense a new laptop because no one realized a perfectly good one was sitting unused.

Over time, these small mistakes add up - to thousands in unnecessary expenses and wasted team hours.

Introducing the Assets feature in Growee

The Assets feature in Growee was built for companies like BrightFrame Studio - and yours.

It’s a simple way to store, track, and manage everything your company owns. Think laptops, phones, furniture, books, subscriptions, software licenses - you name it.

Every asset can be tagged with details like:

  • Who it belongs to
  • The model and supplier
  • Its status - in use, available, under maintenance, decommissioned, or lost
  • Acquisition date and value

And if you're an admin, you can view the full list - or filter by employee, status, or type to find exactly what you need.

How real teams can use it

Picture UrbanTech Solutions, a growing SaaS company.

They recently rolled out Growee’s Assets feature and saw a difference right away. Before, their IT manager was managing hardware with an outdated spreadsheet. Now?

  • Every laptop, monitor, and software license is logged and assigned
  • Employees can’t "forget" to return gear - it’s tracked and visible
  • Finance can run quick checks on asset value and depreciation
  • Off-boarding takes minutes, not hours

And with inline editing, updating asset info is as simple as double-clicking a cell. No complicated forms. No messy copy-paste jobs.

What happens when you don’t have it

Let’s flip the script.

Anchor & Ivy, a boutique architecture firm, doesn’t use an asset tracker. When a new hire joins, they’re handed gear from whoever remembers where the extra stuff is. Sometimes it's broken. Sometimes it’s missing. Most of the time, no one knows where it came from or who had it last.

A client requests a specific design file, but it’s stored on a laptop that hasn’t been seen since their last intern left.

Now they’re dealing with frustrated staff, a missed deadline, and the cost of replacing items that were never actually lost - just forgotten.

Sound familiar?

Why this matters more as you grow

When your team is small, it’s easy to keep track of gear by memory or in a simple doc. But as you scale, things move faster. People come and go. New offices open. Equipment gets shared or shipped between locations.

Without a structured system, your assets turn into liabilities.

Growee’s Assets feature helps you:

  • Stay organized
  • Track ownership and usage
  • Avoid unnecessary purchases
  • Save time during onboarding and offboarding
  • Create accountability across teams

Start now

Asset management isn’t just an IT thing. It’s a company-wide need.

And with Growee, you don’t need another tool or complicated setup. The feature is built right into the app-ready to use, easy to update, and powerful enough to scale with your business.

If you’re tired of the chaos, it might be time to take control of your assets - and your peace of mind.

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