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How to use Microsoft Office for Asset Management

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james @james14 · Jul 7, 2020

The ongoing pandemic situation has forced people to stay behind closed doors. With that in effect, IT companies have found remote working the ideal solution for the current scenario. Anyone from anywhere could work together, attend meetings, and discuss business dealings. Remote working has opened new ways for a convenient working environment with effective productivity. The difficult task is in managing every asset connected to the network internally or externally. Right from the obvious computers to the intangible software assets, businesses cannot function, if no access is given to these systems. This is spot where asset management fits in.

 

Microsoft asset management is the process of tracking the movement and updates of every asset working in the company in order to get the most value out of a business’s assets. It deals with verifying the updates of every asset, the numbers of devices connected to the net

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work, protection, and proper configuration to every asset, and so on. It takes a lot of work for managing the assets of the company, but with the asset management system, the load has been reduced. The major examples of company’s asset are

  • Infrastructure Hardware
  • In-House software or applications
  • Software Licenses
  • Infrastructure lease agreements
  • Company-owned devices and systems
  • Digital data and storage

Microsoft Office 365 is an asset management which is primarily used by most of the companies. It analyzes ways to maximize a company’s value by managing assets to be more reliable, efficient, and productive. It also keeps in mind the financing methods, asset accounting methods, and maintenance discipline for evaluating every asset’s value to the company. Microsoft Asset Management is a simple and easy way to keep tabs on every asset of a company.

 

The different tools provided by Microsoft for asset management are:

 

Microsoft Dynamics 365:

Microsoft Dynamics 365 is a business application that coverts the business process into a business advantage for companies everywhere. In simple words, it can lower costs, increase productivity, and satisfy customer demands for the company. It has new apps that provide advancements in ERP (Enterprise Resource Planning) and CRM (Customer Relationship Management). The Dynamic 365 solution can be flexible and easily adaptable to fit into any business.

Dynamics 365 ERP solutions are more focused on the accounting, manufacturing, and distribution needs of the business. It boosts productivity, control, scalability to increase the overall business value. There are two solutions in Dynamics 365 ERP to choose from, depending on the business size. They are

 

  • Dynamics 365 Business Central: It is well-suited for small and medium-sized companies, as it scales up the functionality of the business when their needs grow.
  • Dynamics 365 Finance & Operations: It is well-suited for big and tech giant companies as it has multiple lines of business management options available under the same tool.

Microsoft Office 365:

Microsoft Office 365 is the web-based version of the enterprise-grade productivity application – Microsoft Office. It is delivered online to the users who have a subscription, and it is a cloud-based application. This has changed the business way of working by putting every application under the same software. A single login ID and password are enough to work through various applications of Office 365. It is updated with the latest technology of Digital Asset Management (DAM), which is used for managing, retrieval, and distribution of digitized files (images, videos, and documents). DAM enables a swift transition from one asset to another, making it useful for knowing the valuable resources to be sent for storage. Microsoft Office 365 offers powerful toolsets with large number of search capabilities in order to keep the business in smooth progress. DAM within Office 365 offers huge potential for asset management, but understanding the capabilities to use it effectively is a tedious task for the company.

 

 

Microsoft OneDrive:

Microsoft OneDrive is a digital storage service for hosting files in the cloud. It allows you to share, store, and sync all your files into a single application online. The files can be accessed from a web browser, mobile phone, Mac, and PC with just one login. By saving it online, device storage space is saved, leading to more space available in the system. The main advantages of Microsoft OneDrive are:

  • It enables synchronization of files between the cloud and any local folder.
  • Accessing files from multiple devices and granting clients to use the software from any platform.
  • It offers robust ransomware protection to the backed up files and allows you to recover previously saved versions of the files in the cloud.
  • It can easily share files, images, videos, and even folders with anyone you wish.

Microsoft Visio Online:

Microsoft Visio Online is a mapping process solution used for business meetings and other network maps. It lets us share diagrams, graphs, charts to the users allowed access. Visio Online is the desktop version of Microsoft Visio enabling opening and editing of .vsdx and .vsd files. It allows for editing files, text entry, drawing shapes, and formatting files required by the client. Visio Online is compatible with Office 365, and it comes free for Office 365 subscribers. 

 

Asset management is the most essential application for any business. If you have any dilemma in selecting the right choice for the third-party service provider, the answer is Computer Solutions East. They can provide you with all the above applications in the minimum time period. CSE can offer customized policies and subscriptions to meet the company’s demand. They can give you the best services at the affordable prices of the company. CSE has reliable technology and excellent security for the management and protection of business data. If faced with any technical difficulties, customer support services are available around the clock.