Why do companies need assets software, anyway? As if the potential for significant savings of bottom-line revenues wasn’t enough, the Sarbanes Oxley Act of 2002 forced the issue, making public companies more accountable for the accuracy of their financial reporting. The bill was enacted in the wake of corporate and accounting scandals like Enron, and it puts the burden of proof on companies to demonstrate the validity of their numbers, thereby protecting investors from fraud. Failure to comply with this regulation can be extraordinarily costly. IT departments ultimately shoulder much of the responsibility for compliance; they manage the storage of electronic records. Under the terms of Sarbanes Oxley, companies are required to retain their business records for no less than five years.
Regardless of whether we’re talking about a small startup, a nonprofit organization or global brand, they all have fixed assets they’re responsible for managing. Every organization needs equipment to run their business, and knowing the exact location, condition and value of each of those items is imperative. The somewhat startling reality is that many organizations don’t know what fixed assets they own, or what condition they’re in. Items may have fallen through the cracks, so to speak – gone missing and never reported. Meanwhile, a company may continue to pay insurance on these long-gone “ghost assets.” Or perhaps an organization needs specific equipment to run its business, and its recordkeeping has gone by the wayside. Without a maintenance schedule, those items can break down prematurely and require replacement.
Assets software enables companies to track their vital assets, comply with federal regulation and save immeasurable frustration, plus time and money. Foremost among asset tracking products on the market today is Asset Panda, an incredibly powerful, yet simple to use tool for managing the lifecycle of every one of your vital assets. Compliance is no longer the challenge it once was when you can rest assured that your data is both real-time and accurate.
The most powerful mobile asset tracking platform in the world, Asset Panda gives you quick, easy access to the data you require to run your business efficiently. Powered by free mobile iOS and Android apps that sync with the cloud, Asset Panda requires no additional hardware or software to use and includes a mobile barcode scanner. This completely flexible system allows for easy data import and export and is totally customizable, so you’re able to organize and display the information that’s most relevant to your specific business needs. Create custom fields, configure those fields for location/area, create custom notifications and alerts, and issue work orders. Compliance is easier and more accurate than ever; with Asset Panda, you’re able to track depreciation and inflation figures quickly and easily. Sort columns how you wish, track insurance policy information and review maintenance history. In the palm of your hand, 24 hours a day, you have access to the exact location of any asset, including GPS coordinates, who has it and details about its condition. Use Asset Panda as an enterprise service desk to reduce your support call volume. Despite its incredible features, Asset Panda has been designed to be simple to use and requires no training to master. You’re entitled to an unlimited number of users at no additional charge, so you can bring all of your stakeholders into the communication loop, increasing accountability throughout your organization. You won’t find a better return on investment in the assets software market.
To see for yourself, try Asset Panda free for 14 days. For more information, go to assetpanda.com