The benefits of ISO 55001 Asset Management Certification

ISO 55001 is an international asset management standard designed to manage the lifecycle of an organisation’s assets to achieve desired operational performance and profitability. 

Implementing best practices to effectively manage an organisation’s assets provides several benefits to a business. 

Assets can range from cash, raw materials, and stock to office equipment, buildings, and intellectual property. ISO 55001 helps manage both the physical and intangible assets under your management. 

Get ISO 55001 Certification with Citation Certification 

With more effective asset management, your organisation benefits from the security of having its finances in check and can enable opportunities for new operations or potential expansion with more confidence. 

Additionally, stakeholders gain confidence from the knowledge that a strategy is in place to ensure assets meet the necessary safety and performance requirements. 

Assets within an organisation can be a competitive advantage or drain a business’s resources. This management system is designed to support you in the proper handling of processes and risks, which will improve current and future company performance. 

The benefits of an Asset Management System

• Giving you the tools to manage assets more effectively 
• Anticipate and mitigate the threat of major financial risks 
• Allows you to measure an asset’s lifetime value 
• Consolidates and optimises your existing financial and business plans
• Increase profitability 

Furthermore, clients, partners, and other stakeholders can have confidence that your systems to effectively manage your assets are appropriate, effective, and have been audited regularly. Certification to ISO 55001 may help you access markets, grow your client base and improve your system. 

The key to effective financial management is having a crystal-clear picture of your organisation’s assets and liabilities, so you can make more informed decisions in the best interest of all relevant parties. 

ISO 55001 Asset Management is an important certification to obtain if your organisation is looking at the most sophisticated and effective means of monitoring your assets, as well as identifying potential risks to your financial bottom line.

The process of implementing the standard will also help your organisation meet legal obligations and respond to business and stakeholder requirements in a timely and economical manner. 

Implementing ISO 55001 enables your organisation to continually improve its financial performance through effective asset management. The standard supports organisations to manage their asset management strategy through establishing, implementing, maintaining, and improving their Asset Management Systems. ISO 55001 certification, provided by a certification body like Citation Certification, ensures that your asset management practices meet the benefits of ISO and help you maintain control over your business assets across their life cycle.