Some details
Due to US tax laws, most construction companies can expense their tools and, as a result, treat them as consumables rather than capitalising them.
This situation can result in widespread asset losses and create enormous cost implications for companies, with tools and equipment lost due to theft, mismanagement, and lack of accountability.
ShareMyToolbox.com is growing rapidly in popularity in the United States and has been adopted by several high-profile construction organisations.
The app allows workers to manage the ownership of the tools within their company, reducing the time wasted in tracking the whereabouts of existing equipment.
Shout continues to work with ShareMyToolbox.com, enhancing their offering through our product development stage, and delivering continuous improvement and app support.