Equipment Asset Management Software
The Importance of Asset Management for Your Equipment
It's essential to know everything you can about your assets to get the most value from them. Nowhere is this more important than 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 the information they need, they can all work smarter.
With aging equipment and organizations needing to emphasize adding financial backing to new equipment, it's even more critical 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 for their business to run successfully.
Most companies do have some sort of equipment asset management process in place. However, the problem with most equipment management systems and physical asset 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 asset lifecycle management processes, whether at a warehouse, job site, or home office, is fundamental to ensuring accurate data gathering.
Asset Panda's Equipment and Asset Lifecycle Management Software
Keeping track of every piece of equipment, additional materials, and/or inventory will improve accountability across your organization, reduce excess purchases, reduce paperwork, eliminate manual tracking that is prone to error, and enhance maintenance accuracy.
By having a clear picture of every asset along with its location, user, and maintenance status, your organization can see the efficiency of allocated resources.
Thanks to Asset Panda's equipment maintenance tracking software, tapping into equipment's asset maintenance schedules and history is quick and easy.
Transitioning to Asset Panda's cloud-based asset tracking software and mobile app system saves your company and employees both time and money. And you can implement our system quickly, allowing you to return to your job.
The features of Asset Panda's asset management system:
- A comprehensive directory of all your vital equipment
- Look up the complete history of the equipment
- Track assets by the vendor
- Check-in/out – you know where your business assets are at any time
- Notify technicians of lease expiration dates
- Schedule routine maintenance
- You don't need additional hardware/software – use the mobile devices you already carry
Streamline Equipment Management with Asset Panda
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, replacement costs, and other asset information.
From here, you can make data-driven decisions when comparing the replacement cost to that of maintenance. Additionally, you can add photo entries to compare the quality of your equipment to its original state once you get it back.
The average company saves 2-5% of the total value of its assets annually by using Asset Panda.
By using Asset Panda, you can require your employees to scan all the equipment proving that they were there and checked out all the equipment.
Asset Panda uses the mobile device's location 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 site when they said they were. Also, you get the added benefit of a visual confirmation that your contractor completed the work.
Also, Asset Panda works as a scheduler, 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 track where each item is or was located, its type, and what size it is. From there, you can build a service history for each asset for equipment auditing purposes. You can even create and manage work orders against equipment maintenance.
Once all physical assets have been appropriately tagged and tracked, the possibility of loss decreases, allowing your organization to evaluate the use of all consumables, materials, and equipment.
Still trying to determine if Asset Panda has the right asset management software for you?
Learn why Asset Panda is one of the highest-rated asset lifecycle management software today by getting your free demo (no credit card required)! See why clients of every size and industry sector choose Asset Panda to help them manage their physical assets – and realize time and money savings.