Manual Asset Tracking Hours
By Up To 75% Per Week
LogicForce’s Doug Lukonen was struggling with trying to keep track of the company’s assets through two different systems: both an Excel spreadsheet and internal accounting software. Lukonen and his team also had to manually visit LogicForce’s data centers or other locations where its assets were in order to tag them and record them all into the Excel spreadsheet and accounting software. These hassles were causing LogicForce to lose physical time and energy, assets (they would go because the company didn’t have any way to track assets in real time), and money (LogicForce couldn’t accurately balance its books due to the disconnect between Excel and the accounting software).
Once Asset Panda was implemented into LogicForce’s internal operations, the company gained these results and benefits:
- Roughly 2 to 3 ½ hours saved per week from no longer having to conduct manual asset tracking
- Reduced theft and loss of assets
- Real-time, up-to-date asset information
- A clearer financial picture of LogicForce’s assets and therefore overall books
Before we had Asset Panda we were spending approximately 3-4 hours a week updating our Excel sheets and accounting software. Now we got that down to 30 minutes to one hour per week and that’s something I can be happy about.