Asset Management Inventory Software: An All-in-One Solution to Your Tracking Needs

By March 27, 2017Asset Tracking, Blog

Asset Management Inventory Software: An All-in-One Solution to Your Tracking Needs

Regardless of your industry or the size of your organization, asset management inventory software can deliver significant efficiencies to your bottom line. The terms “asset” and “inventory” are often used interchangeably, although, in reality, they describe different things. Inventory represents the goods a company sells to turn a profit. That inventory must be tracked and managed so as to avoid sell-outs, excess or outdated inventory. Assets, meanwhile, are fixed and enable a company to make money – in other words, sell its inventory. Those assets have a value that either increases or decreases with time and must be reported each year for accounting and compliance purposes. Additionally, assets require routine maintenance and in some cases move throughout your organization, among offices, conference rooms, homes, hotels, event venues and other locations. The opportunity for loss and theft is significant. And we’re talking about more than just theft of the device itself. The information stored on those devices could also be stolen, potentially compromising your security and that of your clients/customers.

Now imagine trying to track and manage all of these moving parts using an Excel spreadsheet and a handful of employees. It’s not the recipe for success. Even leaving out the very possibility of human error or oversight, a manual spreadsheet doesn’t enable you to house and access your data in real time. Nor does it allow you to do high-level analysis, issue reports and share recommendations in a meaningful, relevant way with your colleagues. Asset management inventory software solutions are plentiful, although, with a little research, you’ll find quite a few differences among them.

First, price point. If you need additional hardware, software and associated software licenses to use the product, it stands to reason that your costs go up. If you’re limited to a set number of users for the product, after which the price increases, there’s another factor to consider.

Second – and this may be most important – ease of use. If your asset management inventory software isn’t intuitive, your employees won’t use it. They’re busy enough as it is. For maximum buy-in, you must have a product that’s user-friendly and lowers or even eliminates the intimidation factor.

Third – is flexibility and customization. Steer clear of products that don’t allow you to display, track and manage your inventory exactly how you want. No two companies are the same, so your asset management inventory software should adapt to how you work – and continue to adapt as your needs change in the future.

Asset Panda meets the mark on all of these criteria, and more. It’s not only the most powerful asset management inventory software on the market, it’s also completely customizable and simple to use. Powered by free mobile iOS and Android apps, Asset Panda syncs with the cloud, giving you any time to access to real-time data. The app includes a mobile barcode scanner. In fact, you won’t need any additional hardware or software to use Asset Panda – only the smartphones or tablets your employees already carry. Add as many employees and other stakeholders to your account as you’d like, and at no additional charge. We want to give you an easy means to loop all of your stakeholders into the conversation so that you increase accountability and accuracy throughout your entire organization.

Asset Panda was built to be the simplest, most intuitive mobile tracking platform available on the market today. You won’t need extensive training to master it. Another selling point: You control how your data is displayed and organized. It’s quick and easy to import or export data, create and send reports, set up notifications and custom security settings. From an inventory standpoint, you’re able to view comprehensive data that can help you avoid understocking or excess inventory and make smarter financial decisions.

Give Asset Panda a try free for 14 days. You’ll simplify your asset and inventory management processes while saving money, frustration and time. For more information, visit assetpanda.com

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