You may need to track and report on multiple assets across various departments if your organization gets tasked with managing asset portfolios. If your company uses a manual asset management procedure, it requires extra time and effort. Businesses are switching from manual asset management procedures to asset management software. But not every asset management program is the same. You must pick the right software if you want to benefit from the advantages of automating asset tracking and maintenance. The following are the key characteristics you need in asset management software.

The use of clouds:

You must be able to seek up asset information anywhere to have an effective asset management system. Cloud-based software like NinjaAuth may be accessed easily from any browser, device like a tablet or phone, and anywhere in the world. It is helpful while you are traveling or away from the office.

Easy-to-use interface:

A user-friendly asset management system can significantly reduce the amount of time and staff training requirements. A self-explanatory interface and an intuitive dashboard are two elements to look for in asset management software. These features will make it simple for your staff to utilize the software and perform the necessary maintenance activities.

Detailed reporting:

The knowledge needed to make informed decisions about assets, from use and maintenance to purchase and disposal, is provided via in-depth reporting. Intelligent and easy asset management systems allow for real-time, thorough reporting that offers in-depth insights into assets and aids organizations in making educated decisions.

Services for masked authentication:

Multi-factor authentication is necessary for today’s identity and access management systems. Utilizing more than one password or passcode is intrinsically safer than using only one. Theoretically, the more variables a system employs, the safer it is. It is also partially true; without multi-factor authentication, a single hacked password might endanger the security of an entire network.

For this very reason, most commercial systems nowadays use multi factor authentication. There are certain drawbacks to the increased complexity, though. Every new factor adds a new platform that users need to remember, and no one credential can cover all business use cases.

Services for conformity and audit:

Compliance concerns auditing services have grown in importance. Can accounts be quickly blocked during an audit of your company? Can you keep track of every file and document across your services? An effective IAM system will be able to provide you with a digital audit trail for every user’s access to all digital files. The regulatory requirements for businesses in the financial, healthcare, and educational sectors are strict.

Password less solutions for authentication:

Password less authentication is being adopted more and more by identity and access management systems today. Password less authentication can still be multi-factor; the user isn’t responsible for keeping track of these factors. Users get recognized by biometrics, physical objects, and other straightforward management methods with passwordless authentication services. The majority of modern phones use fingerprint or facial scanning for password-free authentication. Password-based authentication can still be offered with a password option as a backup to boost utility.