The Asset Catalog feature allows organizations to maintain a detailed registry of all industrial assets, including comprehensive metadata such as serial numbers, purchase details, specifications, and historical usage. This centralized system streamlines searching and categorization, significantly reducing the time spent locating vital information. Asset transfers between facilities or departments are efficiently managed with full traceability, tracking reasons for transfers, responsible personnel, and updated locations to ensure optimalutilization. Active and deactivated asset management provides clear visibility into operational assets while retaining historical data for retired assets, aiding in prioritization and replacement planning.

Asset depreciation is automated using standard accounting methods like straight-line or declining balance, ensuring accurate financial reporting and compliance with regulations. Warranty tracking records critical details, including expiration dates and coverage terms, with automated alerts to leverage covered repairs or replacements. Real-time asset location tracing across facilities enhances operational efficiency by minimizing downtime through quick equipment retrieval.