Getting Down to Business – What Do Asset Tracking Systems Cost

We hear the phrase the “bottom line” being used more frequently for business. The majority of companies are doing their very best to be cognizant of the bottom line and how much they are spending in all departments. Too much spending on IT could mean less spending on hiring new employees. Or unplanned maintenance costs for equipment that could have been prevented had the team kept up with maintenance records means that adding a new vehicle to the fleet will have to wait. Managing and tracking a company’s assets is one of the easiest ways to avoid scenarios such as these. While the prices vary depending on the software platform you choose, your asset tracking systems cost is well worth what it gives to the bottom line.

Be the Change

When evaluating what asset tracking systems cost, you should take a look at the features you are getting for your investment. One of the first things you should take note of is if the platform is configurable. That means it can become whatever you need it to be, and adjust as your needs change. Many programs are created to be what the programmer thinks you need. But business doesn’t stay the same. Trends change. Employees change. Customers change. Corporate mentality changes. Find a product that will meet and handle that change with little to no impact on you or your daily operations.

The Mentality for Mobility

We rely on our mobile phones and tablets for a majority of our needs. Communication. Research. Searching the Internet. Why not use the items which we already have as a means for asset tracking and management? The advancement of mobile technology for asset tracking is proving to be one of the most cost-effective features and well worth the asset tracking system cost.

As companies grow, so do their assets. Whether they add one more computer to their inventory or 1,000, they need a way to keep up with these valuable assets. For companies that have assets moving across the city or across the globe, they need a way to keep track of what assets they have, where their assets are located, and what kind of condition their assets are in. Asset tracking combined with mobile devices can make that process infinitely easier.

Because more and more asset tracking systems are hosted in the cloud and can be operated via mobile apps that are downloaded to employees own smartphones/tablets, businesses are able to manage their assets remotely from where they are located. Tasks such as locating items, viewing an asset’s check in/check out status, or locating maintenance records for the entire lifecycle of an asset can be completed in one central location and viewed anytime from anywhere. Need a report on an asset? Pull it up in real time in a matter of seconds. No more guesswork. Your asset tracking systems cost can be justified from that feature alone!

Test Your Flexibility Factor

Many companies don’t like change. Especially when it comes to technology. We hear all about security breaches or loss of 10 years worth of data when a business upgrades their operating system. Yes, those things happen, but more often than not, technology advances help a company more than harm.

Often companies are resistant to change because they think their employees will have to spend countless hours learning a new system and in today’s “do more with less time” business environment, no one has time for that. If a company and its employees do not want to change and adapt, then their chances of success are greatly reduced. It’s time to be flexible and open about what’s available in terms of asset tracking and how it can and will impact the bottom line.

That’s the beauty of many of the asset tracking systems available today. There is little to no training time and you can integrate your old way of tracking assets to the new system quickly and easily. The savings that asset tracking systems have afforded companies have been proven in year-end audits as well as the impact on employee manpower.

Asset Panda is the most flexible and customizable system in the industry for tracking and managing assets. It is highly configurable, so it can become whatever you need it to be, and adjust as your needs change. Asset Panda works the way you do, on devices you’re already using, both online and through our free Mobile App. Users can easily access the information they need, when they need it, from wherever they happen to be working.

Check out how Asset Panda user Blockparty uses the platform to track their entertainment “shipping containers” and all the assets contained as they go from place to place. Possessing the knowledge of what they have and where it’s going boosts the bottom line and is especially valuable at audit time!

Clients all over the world are bettering their bottom line and understanding the asset tracking system cost thanks to Asset Panda. Add your business to our roster with a free 14-day trial. To get started, visit

Audra London

Audra London, founder of Conceptual Communications, LLC, has over 10 years of writing, public relations and marketing experience and serves as an expert on press releases, media relations, feature writing, web content and marketing copy.

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