Easy Asset Management Can Help Protect Your Bottom Line

Easy Asset Management Can Help Protect Your Bottom LineDoes easy asset management exist? After all, it’s a complex task to manage the location, condition and other details about your fixed assets – especially if you’re an organization with multiple locations. You’re trying to maximize the lifespan of your equipment and tools, create equipment refresh schedules, track depreciation, maintenance schedules and so much more. Believe it or not, some companies and organizations attempt to keep up with those moving parts using a static system, usually an Excel spreadsheet or sometimes even with pen and paper. When you put your trust in a manual system of tracking, easy asset management isn’t going to happen. What will happen is human error, confusion, lost time and money, lower productivity, and plenty of frustration and headaches. Manual tracking doesn’t allow you to consolidate input from several sources; nor does it allow you to take a “30,000-foot view” of your organization and determine your needs across the board. Your data isn’t in real time, and even if you’ve got the most reliable employee or employees on the task, someone’s going to enter a typo, missing a step or duplicate efforts. Mistakes in your recordkeeping are costly. Depending upon your line of work, you could face financial penalties, lost grant funds, or waste money paying insurance on ghost assets that aren’t in your inventory anymore, but which weren’t reported as lost or stolen.

 

“When you put your trust in a manual system of tracking, easy asset management isn’t going to happen.”

 

So where do you find yourself an easy asset management system? It starts with ditching the manual systems and looking to technology. You’ll find a great variety of software solutions on the market today with various features and price points. If you’re new to asset tracking, it may be hard to know at this point not only what you need now, but more important, what you’ll need later. That’s why you need an easy asset management solution that’s flexible enough to incorporate new technologies as they become available. You’ll also want a product that allows you to customize features to your liking, so the way your data is displayed and organized is relevant to your business needs. From a cost perspective, keep in mind that many asset management products will cap the number of users you can add, then charge you a fee for exceeding that limit. Your asset management efforts are only as successful as your participation. Ideally, you want to bring every stakeholder into the communication loop so that you get maximum accountability and accuracy. Also related to cost is the technology you’ll need to operate your asset tracking solution. Some products will require additional software, expensive software licenses, and hardware, like barcode scanners. Finally, you want to be on the lookout for an easy asset management solution that’s so intuitive, all of your employees can use it – even those who aren’t confident with technology.

With Asset Panda, you get everything on that list, and a lot more. Asset Panda requires no additional hardware or software to use. Our free mobile iOS and Android apps include a mobile barcode scanner. All you need to track the entire lifecycle of your vital assets live in the palm of your hand. With your smartphone or tablet, you have 24-hour access to real-time data; the Asset Panda platform syncs with the cloud. You’re also entitled to as many users as you’d like at no additional cost. Our robust features offering is completely customizable, and the platform is flexible. We adapt to your needs today, tomorrow and long into the future.

Give Asset Panda a try free for 14 days, and find out why clients throughout the world trust us to manage millions of dollars’ worth of their most vital assets. To learn more, visit assetpanda.com

 

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