Choosing the Right Asset Tracking Products for Business Success

By December 13, 2016Asset Tracking, Blog

Choosing the Right Asset Tracking Products for Business Success

A key component to the success of any business is to keep accurate records of the assets used in daily operations every single day. From video equipment to computers to furniture and company vehicles, whether you have 100 assets to track or 100,000, the process can be incredibly time-consuming and potentially prone to errors. But thanks to today’s modern asset tracking products and the combined use of devices like mobile computers, barcode scanners, wireless tools like smartphones or tablets, and intuitive asset tracking software, companies now have a complete asset tracking solution available that brings increased productivity, simplicity, and most importantly, accountability to all stakeholders across the company.

When reviewing the different asset tracking products on the market, it’s important to examine a few key elements in finding the best system for each individual company and/or industry. Some asset tracking platforms have too many features and some not enough. Pertinent questions to ask include:

  • Do you know how many assets do you need to track?
  • Where are the assets located and across how many locations do they travel?
  • What type of reporting will you need from the system?
  • How many users need to have access?
  • What type of reporting capabilities do you need?
  • How mobile is your team/company?

By answering these basic questions, you are more aptly able to determine which asset tracking products you do or do not need in order to accurately track your company’s assets. By selecting the right product, the benefits are plenty ranging from cost reductions in labor and unnecessary replacement of lost or misplaced assets; increased revenue thanks to better reporting and tracking of assets over their entire lifecycle; improved efficiencies in data collection and sales forecasting; and more transparency as to where assets are, who has them, and maintenance reporting.

By now, the majority of companies know that the former way of tracking assets by manually-entered ledgers or data entry spreadsheets are a thing of the past. These methods were fraught with errors and caused so many unnecessary manpower hours of fixing. Today’s asset tracking products come with easy to understand software that simplifies asset tracking with multiple tools and provides detailed reporting capabilities. Additionally, these asset tracking products are embracing today’s mobile workforce and have barcode scanners that can function from one’s own smartphone, eliminating the need for expensive handheld scanners that are typically in short supply and not easily transferred from person to person and place to place.

Asset Panda has become the go-to platform when it comes to finding the right asset tracking product for any business, across virtually every industry. Asset Panda offers users everything they need to track the entire lifecycle of every one of their vital assets. The platform includes a free mobile iOS and Android app that syncs with the cloud and requires nothing more than a mobile device to use. Additionally, the app includes a mobile barcode scanner.

Asset Panda offers an unlimited number of users at no additional charge, enabling you to keep all affected parties apprised of an asset’s whereabouts and condition. With the subsequent savings and flexible-real time reporting day or night, you’re then able to include every stakeholder in your asset tracking communication process – therefore promoting accountability and accuracy. Asset Panda understands that a business can operate more effectively if everyone who needs to know about the company’s assets understands exactly where they are and what condition they’re in at any given time.

See for yourself why some of the world’s most prominent brands trust Asset Panda to help them manage their vital assets with a free 14 day trial. To learn more, visit assetpanda.com.

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