August 8, 2016
Equipment Asset Management Software
It’s essential to know everything you can about your assets in order to get the most value from them. Nowhere is this more important than in equipment asset maintenance and the equipment asset management software to keep track of those assets. When everyone in your organization has quick and easy access to information they need, chances are that they can all work smarter.
With aging equipment and organizations not putting enough emphasis on adding financial backing into new equipment, it's even more important for companies to keep a close eye on their fixed assets. Equipment Asset management software is a key resource for companies looking to utilize the most convenient way to track their tools and equipment in order for their business to run successfully.
Most companies do have some sort of equipment asset management in place. However the problem with most equipment management systems and equipment management methods is when equipment is used, moved or taken away for off-site service by contractors or internal employees, there is no way of knowing which equipment comes from which facility, when it was taken or why?
Tracking general-use equipment, employee assigned equipment, and consumables is a tedious but vital job. Employing a system capable of streamlining your tracking processes whether at a warehouse, job site or at the home office is fundamental to ensure accurate data gathering. Keeping track of every piece of equipment, additional materials, and/or consumables will improve accountability across your organization, reduce excess purchases, reduce paperwork, eliminate manual tracking that is prone to error, and improve maintenance accuracy. By having a clear picture of every asset along with their location, user, and maintenance status, your organization will be able to see the efficiency of allocated resources.
The ability to tap into equipment’s asset maintenance schedules and history is quick and easy thanks to Asset Panda’s maintenance tracking software. Making the transition to Asset Panda’s cloud-based Software and Mobile App system saves your company and employees both, time and money. Our system can be implemented quickly, which in turn allows you to get back to your job.
Asset Panda’s equipment asset management software features:
- Comprehensive directory of all your vital equipment
- Look up the complete history of the equipment
- Track assets by vendor
- Check in/out – you know where your assets are at any time
- Notify technicians of lease expiration dates
- Schedule routine maintenance
- No additional hardware/software needed – use the mobile devices you already carry
With Asset Panda’s equipment asset management software, you can keep up-to-date with the status of each piece of equipment. This system for inventory control can help you track purchase values and replacement costs. From here, you can make smart decisions when comparing the cost of replacement to that of maintenance. Additionally, you can add photo entries to compare the quality of your equipment to its original state once it is returned. The average company saves 2-5% of the total value of their assets annual by using Asset Panda.
By using Asset Panda, you can require your employees to scan all the equipment proving that they were there and that all the equipment was checked out. Asset Panda uses the GPS function of the mobile device along with photographs to pull the exact date, time, and location of where the asset was photographed giving you all the proof you need that the contractor was on location when they said they were. Also, you get the added benefit of a visual confirmation that the work was completed.
Asset Panda works as a scheduler as well, providing custom alerts, calendars, and charts to help schedule the service for future updates when the next service becomes due. In addition, Asset Panda helps you keep track of where each item is or was located, type, what size it is and build a service history for each piece of equipment for auditing purposes. You can even create and manage work orders against equipment maintenance. Once everything has been properly tagged and tracked, the possibility of loss decreases and allows your organization to clearly evaluate the use of all consumables, materials, and equipment.
Still not sure if Asset Panda has the right equipment asset management software for you? See for yourself why clients of every size and industry sector have chosen Asset Panda to help them manage their vital assets – and realize savings of both time and money. Visit assetpanda.com for additional information, and to begin your free 14-day trial.