4 Ways an Asset Tracking Program Drastically Improves Your Business

By November 10, 2017Asset Tracking, Blog

4 Ways an Asset Tracking Program Drastically Improves Your Business

Assets are crucial to the success of your business, but tracking them can get tedious. A good asset tracking program can help address some of the common issues that come up when you are trying to get your assets organized. Here are some of the best benefits you’ll see when using the right software program.

Asset Tracking Software Saves You Time

One of the most common problems that comes up with asset tracking is the amount of time it takes to track everything. Many companies spend hours each week trying to locate items for work orders, tally available supplies, and moving product to correct areas. The right asset tracking program will help you know exactly where your assets are at any given time, so you and your team can spend those hours doing other vital company tasks.

Asset Tracking Reduces Data Entry Errors

The wrong keystroke can end up costing millions of dollars. Just one extra “0” can make your company standing¬†or reputation seem much different than it is in reality. People don’t mean to make mistakes, but that doesn’t stop them from happening. With automation available in most asset tracking programs, you’ll decrease those errors drastically. You can rely on your company’s asset information to be correct and up-to-date.

Asset Tracking Increases Your ROI

If you don’t know what you have on hand, it’s hard to know how much your items are costing you. It’s easy to purchase assets you already possess, or come up short on customer orders when you don’t know how many of each item you have. Tracking your assets with a software program helps you know exactly what is in your warehouse, so you won’t buy more than you need.

An Asset Tracking Program Helps You Save Asset Data

Using a manual system for tracking your assets can make it hard for more than one employee to work on it at any given time. This can create work delays, and can also lead to losing valuable asset information. Cloud-based software will ensure that you don’t lose data, no matter where you’re working on your asset database from. If you need to pull up specific records on the floor, you can use your phone to do so.

Camcode is a leader in barcode labels and data capture solutions. This year, they’ve released a list featuring more than 50 asset tracking software programs available for purchase. The least goes into detail about many different solutions, and what you can expect to get from each one. Asset Panda was featured on that list as number 7.

Some of the reasons Asset Panda was listed so early on include:

  • platform designed to replace expensive IT and inventory hardware
  • easy to use mobile app
  • spreadsheets are no longer necessary with Asset Panda
  • Automated reports make tracking asset data easy
  • built-in barcode scanner makes it easy to locate specific assets
  • cloud-based software makes it easy to track assets with any device

You don’t have to take our word for it. A Biogas plant in the UK started using Asset Panda to track their maintenance routines and assets within their plant to help them meet country regulations. They found one of the biggest benefits of using Asset Panda was reducing the cost of replacing parts they weren’t tracking on a regular basis.

Want to see how Asset Panda can help your company save? Sign up for a free two week test run today!

 

 

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