Asset Inventory Tracking

By February 11, 2016Asset Tracking, Blog

Asset Management on the Cogwheels.Asset inventory tracking is one of the most important tasks facing any modern organization, regardless of size or industry. Your organization depends upon a large inventory of vital assets every day – from IT equipment and office supplies to furniture and real estate; yet many companies remain unaware of the fixed assets they own. When it comes time to locate one of those assets, what usually occurs is a frustrating search to determine who has the item, if it can be found at all. Once it’s located, if the item has fallen through the cracks, so to speak, it could be in disrepair due to failure to keep it on a regular maintenance schedule. The wasted time and money in this scenario can add up quickly, especially when it reflects a larger issue of poor or absent asset tracking procedures.

Accurate reporting of fixed assets is vital to the health of any organization. Mismanagement has a direct effect on bottom-line revenues. Companies who do have an asset tracking system in place often fall victim to human error, either through reporting inaccuracies or simple omission. That’s because traditional asset tracking procedures typically involve manual entry of items onto Excel spreadsheets. Keeping those spreadsheets up to date is a labor-intensive task, and it might be shared by multiple employees who don’t regularly communicate with one another. Employee turnover and job reorganization could result in missing entries, duplication of effort and/or conflicting information.

Asset Panda introduces “new world” asset tracking that harnesses the power of the cloud and mobile technology to give clients an easy yet powerful way to track their assets any way they want. Our free Android and iOS apps sync with the cloud and eliminate the need for additional software and hardware. The app includes a mobile barcode scanner, which means everything you need to reference the entire lifecycle of every one of your vital assets is in the palm of your hand via your smartphone or tablet.

This completely flexible asset tracking platform allows users to display information in the way that makes the most sense to their respective organization. They can create custom fields, notifications and reports, even issue work orders through the app. Asset Panda displays such vital data as check-in/check-out status, maintenance schedules, purchase/lease information, service contract information and expiration dates and insurance policy information and expiration dates.

Unlike some of our competitors, every Asset Panda account is a premium account, so every one of our clients enjoys access to powerful features like mobile audit/GPS tracking, full integration with web app, custom dashboard, user configurable views, the ability to create work orders, and include multiple users with different security settings on web and mobile. And, while Asset Panda is the most powerful asset tracking platform on the market, it’s simple to use.

When you can trust the integrity of your asset-related information, you can rest assured that the data on which your accounting and compliance teams depend is accurate. You cut wasted time and money off your bottom line. Your assets are held to a maintenance schedule that ensures you get the maximum mileage from your investments. Lost or stolen equipment no longer has the opportunity to simply fall through the cracks; nor are you paying for ghost assets no longer in your inventory.

Asset Panda is setting the standard for new world asset tracking. Ready to see for yourself? Visit


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