How You Track an Asset Determines Your Bottom Line

How you well you track an asset will determine in large part the lifespan of that item – and how much you spend to maintain it. Apply that truth to all of your fixed assets across the board, and you can understand the potential impact to your bottom line. An efficient, real-time means of tracking and management will maximize the lifespan of your vital assets, helping you keep to a regular maintenance schedule, monitor the whereabouts of that item, utilize its warranty when applicable and significantly reduce the odds of theft or loss.

Companies have attempted to track all of those details and more using manual processes – sometimes with pen and paper, but most often with an Excel spreadsheet. Unfortunately, such methods are highly unreliable. Human error is a frequent occurrence. A typo missed keystroke or simple oversight can throw off your records. Fixed assets must be reported annually for accounting and compliance purposes, and without accurate records, some companies have resorted to guesswork, which can result in mistakes and, ultimately, fines. There’s another reality to consider: The modern business world is doing more than ever with less than ever. Your employees are balancing competing tasks, so it’s challenging to try to keep up with asset records, which contain ever-changing details. Any business that wants to maximize the lifespan of their assets and be good stewards of their investments should consider a way to track each asset using mobile and cloud technology. Luckily, there’s an incredibly powerful, yet easy to use solution that delivers accuracy and peace of mind: Asset Panda.

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Asset Panda effectively removes the common barriers to asset tracking: concern over price, ease of use and flexibility. The most powerful mobile asset tracking platform in the world, Asset Panda utilizes free iOS and Android apps that sync with the cloud, therefore ensuring that your data is served up 24 hours a day, seven days a week in real time. All you need to use Asset Panda are the mobile devices you and your employees already carry. There’s no additional hardware, software or expensive software licenses to purchase – and, in fact, you won’t even need a handheld barcode scanner because the app includes its own mobile scanner. You’re also entitled to an unlimited number of users at no additional charge. One of Asset Panda’s primary objectives is to empower clients to bring every stakeholder involved in the lifecycle of their assets into the communication loop, subsequently increasing accountability and accuracy throughout their respective organizations.

Another core Asset Panda philosophy: Our clients should be able to track their assets any way they want. That’s why the app’s robust features are completely customizable, from the dashboard, fields, and columns to the calendar, actions like notifications, alerts and reports, security settings and more. It’s simple to import and export data into and out of the tool, and integrate with your legacy systems. Asset Panda is the most intuitive asset tracking platform you’ll find on the market; you won’t need any special training to master it, though our world-class customer support staff are on hand to help you at any time.

With Asset Panda, confusion, guesswork and costly errors are a thing of the past. From the palm of your hand, track depreciation, exact location, complete maintenance history and other pertinent details. Create work orders and even use the tool as an enterprise service desk.

Clients throughout the world trust Asset Panda to help them manage millions of dollars’ worth of their most vital assets. Find out why – try it yourself free for 14 days. To get started, visit assetpanda.com