The asset tracking app has taken what used to be a very laborious and inefficient task and turned it into a streamlined, accurate and much shorter process. If you’ve ever had to track assets using Excel or pen and paper, you know that it takes time to manually enter in all of the data attached to your vital assets. And once you enter that data, it’s likely to change quickly. So unless you can stay on top of it, your data is likely to become outdated.
Another consideration: Humans make mistakes. How likely is it that somewhere on that Excel spreadsheet, you’ve got a typo? Maybe you’ve had a reorganization, and the employee who used to track assets is reassigned elsewhere. Gaps in recordkeeping can also jeopardize the accuracy of your data. What results is lost time, lost productivity, lost assets, lost revenue and frustration, but the most serious consequences of mismanagement come at tax time, when you’re required to report your fixed assets and their respective values. Guesswork is expensive; mistakes result in fees and other penalties. An asset tracking app automates the arduous responsibility of keeping up with ever-changing data and gives you peace of mind that your assets are being tracked and managed accurately. An asset tracking app can also save you time and money by pinpointing the exact location of items, detecting the occurrence of theft sooner, monitoring equipment usage and much more.
Whether or not you’re familiar with asset tracking technology, determining the right asset tracking app for your organization may be a bit overwhelming at first. Different features and varying degrees of customization and flexibility are just the beginning. Some are simply more powerful or easier to use than others. Some require that you purchase additional hardware, software and associated software licenses. Price points vary. No two companies are the same, but you really can’t go wrong with a streamlined, yet powerful asset tracking app that allows for scalability and customization, is relatively easy to use and doesn’t place a limit on the number of users you can add.
Technology is always evolving, so your best bet is to find an asset tracking app that can incorporate new technologies as they become available and is ready to adapt to the Internet of Things, which by all accounts is a reality we can all expect to be living in the not-so-distant future. You should be able to track your assets any way you want, display your data any way you want and make changes whenever you see fit. Your asset tracking needs today aren’t likely to be the same tomorrow, after all.
With the Asset Panda asset tracking app, all you need to track and manage the entire lifecycle of every one of your vital assets is as near as the smartphone or tablet you already carry. Our free iOS and Android apps sync with the cloud and include a mobile barcode scanner. You don’t need additional hardware or software, just your mobile device. Add as many users as you’d like at no penalty. Thanks to the cloud, you have 24-hour, real-time access to your asset data. Save time and money while you curb loss and theft. Try Asset Panda free for 14 days. To get started, go to assetpanda.com
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