Is it possible to find a solution that addresses both your asset management and inventory control needs? The answer is a resounding yes. While the terms “assets” and “inventory” are often used interchangeably, they describe different things. Fixed assets are used in everyday business. They’re not sold, but rather help a company or organization conduct business. Take, for example, IT assets, or office furniture, real estate or company vehicles. Inventory, on the other hand, describes the goods or services a company sells to generate revenue. What fixed assets and inventory share in common, however, is that they have value and must be tracked, reported and managed wisely. Failure to do so can be costly – not just in terms of tax or non-compliance penalties, but also from a cost standpoint. A few lost assets here and there, or an early sell-out, can shave significant revenue from your bottom line. Some companies, in fact, continue to pay insurance on “ghost assets,” or items that aren’t even in their inventory anymore. Those assets may have been lost or stolen, but because they weren’t reported as such, a company continues to pay insurance on them unwittingly. In the case of inventory, companies grapple with the question of how much inventory to carry. Too little, and they’ll turn away customers; too much, and they’ll lose money. It’s a fine balance that requires efficient tracking and informed analysis.
Some companies have relied on manual processes for their asset management and inventory control needs. Whether it’s pen and paper or an Excel spreadsheet, manual tracking simply doesn’t work. Your assets and inventory are constantly moving parts. Their respective values and whereabouts, condition and other attributes are always changing. And humans, despite their best efforts, make mistakes. A missed keystroke here, a typo there, and the occasional oversight can throw off your record keeping. Guesswork often results, which can generate confusion and frustration, especially when it comes time to provide this data to your accounting and compliance teams.
Mobile technology has made it possible for companies of every size and industry to introduce more automation and accuracy to their asset management and inventory control functions. Dallas-based Asset Panda invested years of research, development, and testing to introduce the most powerful mobile asset and inventory management platform in the world. It’s powered by free mobile iOS and Android apps that sync with the cloud and include a mobile barcode scanner, so there’s no need for additional hardware, software or expensive software licenses. You won’t face any per-user fees, either; you’re entitled to an unlimited number of users with Asset Panda. The idea is to bring every stakeholder into the asset and/or inventory conversation, therefore increasing accountability and accuracy throughout your entire organization.
Whether you use Asset Panda for your asset or inventory management needs – or both – you’ll find it incredibly intuitive and simple to use. You won’t need to invest in extensive training to use it. The app is completely customizable, enabling you to organize your data exactly how you want. A custom dashboard, columns, fields, notifications, alerts, reports and security settings are just a few of Asset Panda’s customizable features. And speaking of features, every Asset Panda client receives full access to our robust features offering.
Because the app syncs with the cloud, your data is served up in real time 24 hours a day. From the palm of your hand, track values, location, maintenance histories, insurance information, GPS coordinates, lease/purchase information, check-in/check-out status and more. Schedule work orders, issue reports about your inventory, track and anticipate trends, make informed financial decisions, eliminate loss and waste, and put a stop to guesswork. Asset Panda is flexible enough to incorporate new technologies as they become available in the future. And it’s offered at a price point our competitors can’t touch.
Start your free 14-day trial today. Go to assetpanda.com for more information.