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Timly is a user-friendly asset management software. It enables effortless tracking and management of various asset types. Whether it’s machinery, tools, IT assets, or furniture, Timly has got every sector covered. All relevant activities and information related to assets are securely stored within the inventory management software, ensuring centralized accessibility. Through the utilization of QR code labels, assets can be conveniently accessed and updated from anywhere, at any time.

Interview with Jennifer Ritz, Senior Content Marketing Manager at Timly.

Easy Engineering: What are the main areas of activity of the company?

Jennifer Ritz: Timly’s innovative inventory app primarily operates in the field of asset management as well as training management and related services. The company’s main areas of activity include:

Asset Tracking and Management: The core focus of Timly is to provide an effective solution for the tracking and management of assets. This includes allowing users to easily monitor asset locations, usage, maintenance schedules, and other crucial information. By centralizing this data, Timly aims to streamline the asset management process for businesses.

Maintenance Management: Timly’s solution offers a comprehensive app to streamline and optimize asset maintenance processes, enhance operational efficiency, and reduce downtime. Being able to set up maintenance plans, define intervals, and generate automated schedules to keep assets in optimal condition, further helps companies save money and resources.

Training Management: The software lets users easily manage all aspects of employee qualifications, certifications, and training in digital form. By linking employees to items, Timly also offers a complete overview of all necessary connections within a company.

E.E: What’s the news about new products?

J.R: The newest feature of Timly’s intuitive asset tracking software is the new “digital signature” function, enabling better documentation of the handover of inventory. Employees can simply sign digitally on a tablet or smartphone (device with touchscreen) at the handover location to confirm that they have received the inventory. 

In addition, employees can also sign digitally remotely via an e-mail triggered in their user profile, e.g. from the home office or on the construction site, and thus confirm that they are in possession of the inventory. With confirmation or signature, a digital receipt (PDF) is made available for download.

E.E: What are the ranges of products?

J.R: The Timly software offers a diverse range of products in the field of asset management. The intuitive solution is designed to enable users to track, manage, and optimize various types of assets throughout their lifecycle. 

The software provides features such as capturing asset data, monitoring asset locations, scheduling maintenance activities, optimizing asset utilization, and generating informative reports for better decision-making. Timly aims to provide a comprehensive solution that caters to the specific asset management needs of businesses.

The additional possibility to keep track of licenses, employee certifications, training dates, etc. also enhances the benefits of using the software immensely. 

E.E: At what stage is the market where you are currently active?

J.R: Currently, companies are doing their best to stay competitive in an ever-changing environment. One of the most important topics is automation. Having rapidly gained momentum across industries in recent years, using automated workflows is becoming more and more normal. Organizations are also increasingly adopting digital technologies to transform their operations, stay competitive, implement smarter processes, and improve customer interactions. 

This trend is driven by several factors, including the need for operational efficiency, improved data management, enhanced customer experiences, and the emergence of disruptive technologies.

E.E: What can you tell us about market trends?

J.R: The biggest market trend is implementing digitization into every aspect of a business, thereby enabling organizations to streamline their workflows, automate manual processes, and leverage data for better decision-making. 

Cloud computing, Internet of Things (IoT), artificial intelligence (AI), and big data analytics are some of the key technologies driving the digitization trend. These technologies offer scalability, flexibility, and advanced capabilities that empower businesses to adapt to changing market dynamics and stay ahead of the competition.

The trend of digitization is also influenced by evolving consumer expectations. Customers now expect seamless digital experiences, personalized interactions, and convenient access to products and services. Organizations that fail to embrace digitization risk falling behind their competitors and losing customer loyalty. 

As a result, the trend of digitization is set to continue as businesses seek to optimize their operations, unlock new growth opportunities, and deliver innovative solutions to meet the evolving needs of the digital age.

E.E: What are the most innovative products marketed?

J.R: Regarding asset tracking and management, there are numerous innovative products that have emerged in recent years. These products incorporate cutting-edge technologies to revolutionize how organizations track and manage their assets.

One such innovative product is the utilization of RFID (Radio Frequency Identification) technology. RFID tags can be attached to assets, allowing for real-time identification and tracking. This technology enables automated asset tracking, eliminating the need for manual inventory checks, and significantly reducing human error.

Another innovative product is the adoption of GPS tracking devices. These trackers provide precise location information, enabling organizations to monitor the movement and whereabouts of their assets in real time. This technology is particularly useful for managing fleets, high-value equipment, and mobile assets.

Furthermore, the emerging trend of IoT (Internet of Things) has led to the development of many innovations. The inventory management software Timly also offers IoT devices, such as sensors, that can be attached to assets to monitor parameters like temperature, humidity, and usage patterns. These devices communicate with centralized systems, providing valuable data insights for proactive maintenance, optimizing asset utilization, and enhancing overall efficiency.

E.E: What estimations do you have for 2023?

J.R: The future of digital inventory management holds significant potential for transformative advancements. As businesses continue to embrace digital technologies, several trends are expected to shape the future of this field. 

Firstly, real-time inventory tracking and visibility will become more prevalent. The integration of IoT sensors, RFID technology, and advanced tracking systems will enable organizations to monitor their inventory in real time. This enhanced visibility will facilitate better demand forecasting, optimized inventory levels, and improved decision-making.

Also, cloud-based inventory management systems will continue to gain popularity. Cloud platforms offer scalability, flexibility, and accessibility, allowing businesses to store and manage their inventory data securely. Cloud-based solutions also enable real-time collaboration, seamless integration with other systems, and easy accessibility from anywhere.

Overall, the future of digital inventory and maintenance management, led by Timly, is expected to be characterized by real-time tracking, advanced analytics, and cloud-based solutions. These advancements will enable businesses to achieve greater operational efficiency, reduce costs, and deliver improved customer experiences.

Timly Software AG