What Business Asset Systems Mean To Your Company’s Success

By March 16, 2017Asset Tracking, Blog

What Business Asset Systems Mean To Your Company’s Success

Assets play a valuable role in any business, large or small, and across virtually every industry. Employees rely on a number of tools to help them do their jobs better, smarter and faster. Companies are always looking for new ways to help their employees achieve these goals, in addition to making an impact on the bottom line. In today’s competitive workplace environment, having business asset systems that focus on tracking and managing assets has proven to be one of the most valuable keys to a company’s success.

There is very little room for error when companies need an up-to-date report on their assets. Knowing what you have, where it is, and its maintenance/repair status can produce significant savings across many fronts – from taxes and insurance to unnecessary replacement and repair costs. Today’s business asset systems are key elements that companies are realizing they need to invest in, and quickly.

One of the biggest challenges faced by virtually every organization is tracking the location, condition, maintenance and depreciation of assets. This information changes frequently as equipment moves from one department to another, or outside of its home facility to other business locations, with vendors or to service providers. Traditional asset tracking used to rely upon manual processes like hand-written ledgers or shared online spreadsheets, which were vulnerable to human error and all too often were not kept current. The result of those antiquated processes resulted in financial hits because companies lost track of their equipment failed to maintain it and had to replace it sooner than they would have if they didn’t have a more efficient tracking system in place.

Asset tracking systems have been saving companies another valuable component … time. Unfortunately, in many businesses, employees do not know what kind of assets they own, where they are, what their check in/check out status is, or what their maintenance record is and if they are up to date. Because of these issues, employees spend countless hours searching for assets that can not be located, or they lose valuable time sending assets out for repair or updating software because they don’t have accurate records to ensure they are in proper working conditions at all times. For any business, asset systems provide this necessary data and are time savers instead of time wasters. And when time is wasted, so is money. Companies who have implemented an asset tracking system are realizing how much money and time they were losing annually and now are dramatically making up for these previous inefficiencies.

With the wide variety of business asset systems available, companies need to determine what assets are vital to track and the platform that is a good fit with their particular industry and in-place workforce. A good asset tracking management system needs to be flexible, working as you need it to, not as it “thinks” you need it to. And knowing the location of assets within one facility or across the world in real time, day or night is more important than ever as employees and their assets become more mobile. Today’s modern business asset systems allow data to be compiled and stored in the cloud, dramatically lowering the risk of data loss from those who aren’t familiar with the system or may not be authorized to access asset logs.

There is one such platform on the market that is flexible, customizable and affordable when it comes to tracking and managing assets – Asset Panda. With Asset Panda, organizations have complete control over the management of their assets, entirely from the mobile devices their employees already carry. This integrated system combines free apps, the cloud, and a built-in mobile scanner, eliminating the need to purchase other costly hardware and software. Clients can add as many users as they wish, and customize fields to reflect their specific needs.

From the palm of your hand or on the web, Asset Panda gives you real-time information on the check- in/check-out status of equipment, what condition items are in, repair histories and maintenance schedules. A built-in barcode scanner helps you locate items you’ve logged into the Asset Panda tool. You can generate automated, customized reports and communicate when items need repair or replacement. Best of all, Asset Panda is extremely affordable – and that’s because we don’t have hardware or software licenses to pay for upgrades, and our customers don’t have to purchase separate barcode scanners.

Now more than ever, business asset systems are vital to the health of every organization. Asset Panda’s simple and powerful platform empowers you to track your equipment exactly how you want, saving you significant and measurable time and money. Contact Asset Panda to start your free 14-day trial today, or visit assetpanda.com for more information.

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