July 16, 2018
Equipment Asset Management Software: A Scaleable Solution for Your Business
If you’ve got a sizeable inventory of equipment to manage, equipment asset management software can be a lifesaver. You depend on equipment to run your business efficiently. In the busy day-to-day of running a business, it’s all too easy to forget that your equipment requires periodic maintenance and inspection, and each has a value that must be reported for accounting and compliance purposes. Equipment that breaks down early can bring your productivity to a screeching halt. Regular equipment inspection also is vital from a safety standpoint. Failure to keep up with inspection and maintenance can cost you in fines as well as in early replacement fees. Some of your equipment may be transferred among various departments, so you need a means to track who has it and when it will be returned. And each piece of equipment is attached to unique data, including warranty information, lease/purchase information, maintenance history, insurance policy information, and more.
"Failure to keep up with inspection and maintenance can cost you in fines as well as in early replacement fees. "
Even the most reliable employee will find it incredibly difficult to keep up with all of these details on an Excel spreadsheet, but that’s exactly what a lot of companies do. Unfortunately, they end up with errors in their recordkeeping, along with a lot of guesswork, confusion, and frustration. Some companies even end up paying insurance on “ghost assets” that aren’t even in their inventory anymore – assets that were lost or stolen but not reported as such. Whether you’re a large or small organization, you’re trying to make every dollar count. Your equipment represents a large investment, so you want to maximize the lifespan of those assets. Proper planning is also essential for equipment refresh schedules. On an annual basis, companies plan their budgets and determine how much to allocate for new equipment. Accurate, reliable equipment asset management software provides this service to companies – and so much more, including peace of mind.
As you begin your search for the right equipment asset management software, you’ll notice a large diversity of products on the market, with various features, capabilities and price points. No matter your industry, and no matter the size of your company, you’ll want to be on the lookout for a powerful and flexible software solution that’s easy to use. Your business needs today may not be your business needs tomorrow, so you’ll want a product that’s scaleable – that can grow with you – and to which you can make modifications at any time. Your software should adapt to your needs. Asset Panda provides you with total flexibility, customization, and ease of use – and it’s the most powerful cloud-based solution on the market today. All you need to use Asset Panda is the smartphone or tablet you already carry. No additional hardware is needed. Simply download the free iOS or Android app, which is where you’ll store the entire lifecycle of every piece of your equipment. Because Asset Panda syncs with the cloud, your data is always in real time. Check an item’s exact location, check-in/check-out status, depreciation, complete maintenance history, insurance policy, warranty information and so much more. Create custom reports, notifications and alerts and security settings. Add as many users as you’d like. Asset Panda’s objective is to bring all of your vital stakeholders into the conversation for maximum accountability and accuracy.
If you’re ready to make costly errors, equipment breakdowns, frustration and lost assets a thing of the past, give Asset Panda a try free for 14 days. To learn more, visit assetpanda.com.