What do Business Assets Mean for Businesses?
Asset (also called a business asset) is anything that has positive economic value, utility, or importance to the organization because it’s needed to operate.
- In general, a company’s assets are any useful thing, resource, or even a person with skills that has value—something the business would feel the impact of losing
- Assets are resources every organization needs to function.
- It doesn’t matter whether an asset is tangible or intangible
- It doesn’t matter whether or how the organization owns or controls the asset (owned, leased, or subscribed)
- Organizations must protect their assets
How are Business Assets Categorized in Small and Medium-sized businesses?
Regardless of size, every company has all types of assets.
- Financial assets
- People (employees)
- Services and utilities (vendors, outsourcing, electricity, internet, water, gas)
- Information assets and data (data, know-how, financial information)
- Technology and systems (hardware, software, IT services, cloud)
- Facilities and equipment (offices, buildings, machinery, tools)
TIP: How to identify which assets are critical for your business?
- To get a clearer picture of the assets in your organization, list anything in your business that fits the statement, "If we lost this, we couldn’t operate."
How Aptien Simplifies Asset Management in Small and Medium Businesses
Aptien small business platform helps you maintain an asset inventory across the following areas:
Office Management
- Office Supplies Management: Keep track of office furniture, tools, and other supplies to ensure they’re in good condition and properly assigned.
- Vehicle Management: Monitor company vehicles, including maintenance schedules and usage logs.
Human Resources (HR)
- Personal Protective Equipment (PPE) Management Issuing
Information Technology (IT)
- IT Asset Management
- IT Equipment Management: Track laptops, smartphones, and other IT assets, including their maintenance and usage history.
Cyber and Information Security
- Information Assst Register and Asset Library
- IT Asset Management
- Asset Management: Use the Asset Inventory feature to track, manage, and protect all your organization’s assets, ensuring they are accounted for and secure.
GRC and Risk Management
- Asset library overview as part of risk management and GRC solutions
- Comprehensive asset overview integrated with risk management processes
