Streamline Your Asset Tracking With Workflows And Audits That Work For You

As we venture into a new year, you should ask yourself what you’re doing to prepare your company for the future. If you’re still using an old spreadsheet to track and manage your company’s assets, you’re living in the past. It’s time to level up your asset management workflow (your IT and asset managers will thank you!). Using a spreadsheet solution (or worse - a dusty, old ledger) to manage your assets will give you problems. No matter how careful you are, if multiple people have access to the spreadsheet, you run the risk of:

• Different versions of the same inventory list
• Inaccurate data from manual entry
• Lack of key data points
• Ghost assets that are still on the books

Why Use Asset Tracking Software for Auditing and Workflows?

Suppose you want to set your team up for these remote times. In that case, the best thing you can do for them is to adopt an asset management solution that’s robust, comprehensive, and easy to use. Asset Panda not only does this but it also:

• Streamlines your asset tracking and workflow processes
• Creates an accurate cloud-based inventory database
• Enables you to track your assets through their entire lifecycle

Asset Management Software to Streamline Business Operations

Adopting a new software solution isn’t always an easy choice. You must weigh the costs versus the benefits and hope the return on investment comes sooner rather than later.

However, Asset Panda isn’t just any solution. It’s an asset management software that simplifies your asset tracking workflow. Through workflow creation and auditing capabilities, Asset Panda helps you track and manage your assets for optimization that immediately impacts your bottom line. With our streamlined workflows, your business is more efficient, robust, and able to scale with your company’s success.

How to Streamline Asset Management Workflow Processes

Creating actions and workflows within Asset Panda’s intuitive and configurable solution can significantly impact your productivity and accuracy. You can establish a process for managing assets. As you grow, you can mirror that process for other departments and teams. You can also create restrictions, so the workflow processes and actions are interdependent on one another. Suppose you’re inputting data on a new asset. In that case, you can’t move to the following data point until you input the requested data. Asset management software helps drive efficiency and consistency, especially in a remote environment.

Asset tracking also gives you total transparency, so you always know the status of your assets. No need to call or email anyone to check the status. Just check Asset Panda, and you’ll know:

• Ownership and last known location of each asset
• Important critical asset dates
• Purchase or lease information
• Lifecycle status
• Maintenance and service information

Know Where Your Assets Should and Shouldn’t Be with Auditing Capabilities

Another crucial benefit of Asset Panda is the asset auditing capabilities it offers. As a significant part of the lifecycle process, auditing gives transparency and accountability for the assets you should have in your inventory. You can use the tool for auditing specific locations for the assets that should be on-site. Select the location, generate a report of what should be there, and start scanning assets with your mobile app. 

After auditing your assets, you’ll have confirmation of what’s present and a discrepancy report to tell you what’s missing or shouldn’t be there. Then you can:

• Track down missing assets
• Update missing assets as lost or stolen
• Update locations on unexpected assets
• Return unexpected assets to their assigned locations

Asset Panda's Database Software for Workflow and Asset Management

By knowing the status of your asset inventory and each asset’s lifecycle, you can also forecast budget requirements to spend less time worrying about unexpected expenses.

Request an Asset Panda demo to modernize your asset management solution and give your teams the tools they need to succeed. We’ll show you how Asset Panda works and get you started today.

Want to learn why Asset Panda is one of the highest-rated asset management software solutions? Give our asset tracking workflow software a try with a free 14-day trial (no credit card required)! You’ll get full access to user guides, video tutorials, free mobile apps, and call-in and live chat support from our fantastic Asset Panda support team.