Companies large and small would be wise to study up on asset tracking best practices. Why? You’ve probably heard the term “Internet of Things,” describing an era in which every nearly every item in our homes and offices is microchipped for identification and tracking purposes. Industry experts and CIOs haven’t pinpointed when IoT will be effective; they only know it’s coming. It behooves every organization to get a head start on the IoT with a powerful, yet easy to use asset tracking system. But it also helps in the short term. In our competitive business climate, companies are looking to trim waste wherever they can find it. Your fixed assets invite all sorts of waste – if you allow it to happen.
Let’s take your IT assets, for example. They’re likely to be among your biggest-ticket investments. It stands to reason that you want to maximize their lifespan. At the same time, many of those assets are on the move – going from office to office, to conference rooms, employee’s homes, event venues, planes, taxis and hotels. It’s not difficult to understand the risk of theft and loss. In some cases, companies continue to pay insurance on lost or stolen items because those “ghost assets” weren’t reported as such. When we talk about the risks associated with loss and theft, we’re not just talking about the significant financial cost of having to replace IT equipment. Your sensitive data, and that of your customers, may also be at risk. Another consideration: Failure to do routine maintenance on these items can turn what would have been a minor repair into a major overhaul or even premature replacement. Tracking of your IT assets also is critical because depreciation of your IT assets – as is the case with all of your fixed assets – must be reported for accounting and compliance purposes on an annual basis. Accurate tracking is a must because mistakes can be costly.
Your IT assets are only part of the picture. If you’re looking for ways to be a more efficient steward of your resources, consider these asset tracking best practices, all of which will save you time, money, and frustration:
Go mobile. Your business doesn’t stop at 5 p.m., so your asset tracking solution should allow you to track and manage your fixed assets any time of day. Your data also should be served up to you in real time, any time, ensuring that you can make informed assessments based on accurate data.
Powerful, yet simple. You want an asset tracking solution that can meet all of your needs across the board, but the fact is that your employees won’t use it if it’s too difficult to understand. A user-friendly, intuitive interface and functionality is a must. You shouldn’t have to pull your employees in for extensive training on the system.
Flexibility/customization. No two companies are the same, so it stands to reason that a “one size fits all” asset tracking system won’t work for your short- and long-term asset management requirements. No matter what kind of business you run, you need an asset tracking product that will adapt to your needs today, tomorrow and well into the future, when the Internet of Things is our reality.
With Asset Panda, you get all of these things – and much more. Our free mobile iOS and Android apps sync with the cloud, delivering your data in real time 24 hours a day. No additional hardware or software is required; all you need are the mobile devices you already carry. Asset Panda’s features list is robust and continually expanding. Our intuitive interface and functionality are so easy that even the most technologically challenged employee can master the platform. And, speaking of employees, you can add as many of them as you’d like to the Asset Panda platform at no additional charge. Our totally customizable platform allows you to configure your data exactly how you want. In terms of power, security, ease of use, flexibility and price point, you won’t find a better solution for your asset tracking needs. And Asset Panda will adapt as your needs change in the future. It’s your partner for the long term.
Give it a try free for 14 days. Visit assetpanda.com for more information.