It’s Time to Bump Asset Tracking and Management to the Top of Your To-Do List

By November 23, 2016Asset Tracking, Blog

It's Time to Bump Asset Tracking and Management to the Top of Your To-Do List

Whether you’re a multinational brand or local nonprofit, asset tracking and management should be one of your top priorities, because it can have a significant and measurable impact on your bottom line. For smaller organizations, asset tracking and management is critical particularly in the realm of maintenance schedules. Most companies have in their inventories some sort of equipment that enables them to generate revenue. Those items require periodic servicing in order to remain in good working order. Without a good asset tracking system, it’s all too easy to overlook maintenance. The result: equipment that breaks down prematurely, or which require replacement. These are costly mistakes – and they’re easily avoidable. Traditional asset tracking and management processes, which involve Excel spreadsheets, are completely manual and error-prone. Asset Panda helps organizations take the first critical step toward the Internet of Things by giving them the capacity to track their equipment using a flexible tool designed to incorporate new technologies as they become prevalent. Whether it’s oversight or a simple typo, a mistake on your spreadsheet also can be expensive. An asset that was stolen or missing may have never been recorded as such. In that scenario, a company might continue paying insurance on that item, commonly referred to as a “ghost asset.” Accounting and compliance teams require depreciation and inflation figures on an annual basis. Relying on Excel spreadsheets can be a risky proposition.

With asset tracking software, companies have been able to make great strides in eliminating errors and increasing efficiency. However, this software can be expensive, requiring companies to purchase additional hardware, including handheld barcode scanners; and software licenses. Additionally, they’re often limited as to how many users they can bring into the loop; if they exceed a particular cap, they’re charged a fee.

Dallas-based Asset Panda set out to create the world’s most powerful mobile asset tracking and management platform, removing all of the traditional barriers and expenses that were preventing organization from realizing their maximum efficiency. Our free mobile iOS and Android apps sync with the cloud and include a mobile barcode scanner. There’s no need for additional hardware or software, and no cap on users – add as many as you’d like for no additional charge. That means you can bring all of your stakeholders into the communication loop, increasing accountability, transparency and accuracy throughout your entire organization.

Within any company, you’ve got employees with varied levels of technological knowledge. Asset Panda designed its app to be user-friendly and intuitive, with completely customizable features. Asset tracking and management isn’t a one-size-fits-all solution; no two companies are the same. From the custom dashboard, custom fields and custom notifications and alerts to custom security settings, sortable columns and custom asset listing views, you have control over how your data is displayed. And the app is flexible enough to incorporate additional technologies as they become available in the future.

From the palm of your hand, 24 hours a day, you have real-time access to the entire lifecycle of every one of your vital assets, including each of their respective locations, GPS coordinates, lease/purchase information, insurance policy expiration, check-in/check-out status, maintenance history, depreciation and inflation figures, and so much more. Create reports, import and export data, link groups of data, add documents, videos, photos and voice notes, and other relevant information for your records.

When you have the assurance of accurate, timely data, you save money, frustration and time. Give Asset Panda a try free for 14 days, and find out why clients throughout the world trust us to help them manage millions of dollars’ worth of their most vital assets. For more information, visit assetpanda.com

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