January 5, 2021
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 make your company ready 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 about time to level up your asset management (your IT and asset manager’s will thank you!).
Using a spreadsheet solution (or worse - a dusty, old ledger) to manage your assets is going to give you problems. No matter how careful or meticulous 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
If you want to set your team up for these remote times, the best thing you can do for them is 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
A New Focus on Asset Management
Adopting a new software solution isn’t always an easy choice. You have to 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 a shift in company culture that refocuses your operations on simplifying the way you work so your business is more efficient, robust and able to scale with your company’s success.
Through workflow creation and auditing capabilities, Asset Panda helps you track and manage your assets for optimization that impacts your bottom line almost immediately.
Make Work Easier with Asset Management Workflow Processes
Creating actions and workflows within Asset Panda’s intuitive and configurable solution can have a major impact on your productivity and accuracy. You can establish a process for managing assets and as you grow, you can then mirror that process for other departments and teams.
You can also create restrictions so the workflow processes and actions are interdependent on one another. If you’re inputting data on a new asset, this means you can’t move to the next data point until you input the requested data. This 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 important benefit of Asset Panda is the auditing capabilities it offers. As a major part of the lifecycle process, auditing gives transparency and accountability for the assets you should have in your inventory.
You can use the tool to audit specific locations for the assets that should be on-site. Just select the location, generate a report of what should be there and start scanning assets with your mobile app. When you’re done, you’ll have confirmation of what’s present and a discrepancy report to tell you what’s missing or what’s there that shouldn’t be. Then you can:
Track down missing assets
Update missing assets as lost or stolen
Update locations on unexpected assets
Return unexpected assets back to their assigned locations
By knowing the status of your asset inventory and each asset’s lifecycle status, you can also forecast budget requirements so you spend less time worrying about unexpected expenses.