How to best use an online asset tracking software for your business
Don’t you just wish your assets were easier to find? Well, many industries can relate. Whether your organization handles hundreds, thousands, or hundreds of thousands of fixed assets, your employees need to track the valuable assets whenever they need them. Chaos is almost guaranteed as the number of your assets increase. It is here that asset tracking software comes in and lets you manage, analyze and distribute assets from a central database and allows you to spend more time creating brilliant business strategies for your company and less time looking for assets.
Fixed assets are basically those objects or equipment that businesses use in day-to-day activities to complete their tasks. Employees use and return them frequently which means companies can lose control over them in the absence of an accurate method of tracking these items. Keeping an accurate record of fixed assets is a cumbersome task for businesses but nonetheless a necessary one. Luckily, an online asset tracking software makes the task of tracking fixed assets less arduous. Without an updated record of fixed assets, your company remains at risk of losing thousands and hundred thousands of dollars every year.
Tracking the condition, quantity, maintenance, depreciation, and location status of assets can be an uphill struggle for many organizations. Recording, maintaining and reconciling fixed asset account is of immense importance as errors can result in an inaccurate evaluation of a business. It has a direct impact on agencies, lenders, and investors. Hence, asset tracking solution tracks fixed assets for theft deterrence, preventive maintenance, and financial accounting. Continue reading
The most important asset any business can ever have is time! If you’re organized and on top of all your deadlines, your business is going to run a lot more smoothly. Think of it this way; when you make the most out of the time available to you, you are actually making the most out of the investment you have made!
So what’s a task that takes up a lot of time for businesses? Every company spends countless hours tracking their assets by one method or the other. After all, their assets are a major part of their investment, which is why taking care of them is vital for operational efficiency. If only you could eliminate these countless hours spent tracking assets, you could actually hand your employees other revenue-generating tasks for the company, creating added value and maximizing profits. Continue reading
Maximizing productivity for optimal asset utilization using asset tracking software
Managing businesses well is a huge challenge. Robust management includes a whole host of activities, from ensuring employees are productive, to being confident in your procurement or maintenance practices. Related to these activities is the process of asset lifecycle tracking. Most organizations fail to realize how critical asset management can be to ensure workplace efficiency. If your employees don’t have quality tools to work with, they won’t be able to complete daily tasks on time. Often, equipment breakdowns cause delays in business functions and can lead to huge repair costs. These situations can be easily avoided if you strengthen your asset and inventory management strategies using an asset tracking software.
A variety of cloud-based solutions are available to help your business achieve its targets. In order to meet your goals, you should have the right software to plan, design and execute your asset utilization patterns. The key to solving inventory problems lies in attaining a high level of security and protection for your assets. For this, you don’t need to invest in multiple solution packages; you just need to select the right one! Continue reading
Use of mobile technology and asset tracking software in business growth
How mobile technology is reforming the business world?
The trend of enterprise mobility has been on the rise for organizations worldwide. But what exactly does this mean for your business? Enterprise mobility is a term which describes the action of employees being able to work from anywhere anytime with the help of a variety of devices and applications. Being a part of the market, your company is bound to adopt such practices sooner or later. Research material suggests that the global mobile workforce is predicted to reach $1.75 Billion and form 42% of the total global workforce. This mobility is expected to have positive impacts on the business rate of return of investment and customer engagement.
What implications does mobility have for your company?
The reason why enterprise mobility is becoming so popular is due to the heavy use of smartphones all around the world. Mobile applications make work faster and easier. They allow your employees to carry out daily tasks efficiently and boosts overall productivity. If your company specializes in fieldwork, then it is important that you invest in a robust software to streamline your workflows. When your business takes place out on the field, it gets tough to manage everything from within the office. So how do you keep your workers engaged and track your assets at the same time? A cloud-based asset tracking and tool inventory application does comes with multiple supercharged features geared towards making your mobile business grow! Continue reading
Managing the first few business years efficiently with asset tracking software
Starting out a new business venture can be both exciting and challenging. You probably have a lot of unique ideas you want to launch in the market. Geared with a committed core team, you feel like you are ready to go. But when you finally step out into the business world, you find yourself struggling to keep up with the competition. It’s not as easy as you thought it would be.
So, what is the key to survive the first 5 years of business? We talk about the first five years because they are the most critical in determining an organization’s performance during the later years. Each year, one out of 12 business in the USA shuts down whereas this rate cuts down to 1 out of 6, the first four to five years [Source]. Whatever strategies you implement initially will ultimately propel your growth and give you a fair idea about your profits.
Once you have your business idea finalized and prepared, the next step is to invest in the right tools for maximum returns. Along with a highly productive team, your company would need a system to manage its resources. Even the best quality capital is useless if you fail to utilize it in the right way. Successful business plans focus on greater investment returns. Along with some other productivity tools, a high-performance asset tracking software can help you achieve exactly this! The software enables you to meet your business targets through a variety of features: Continue reading
EZOfficeInventory has just released a new package offering unlimited users* to its customers. This package comes with all the features our asset tracking software has to offer, enabling companies to execute end-to-end management of its equipment, from procurement to retirement.
The starting package is $150 a month for 1000 items, or a discounted annual package of $1620. After the initial thousand items, you can choose packages based on increments of 500 items. To check out the price calculator in action, have a look at our pricing page here. Continue reading
Business mobility- a mainstream trend in the market
According to Forrester Research, about 29% of the worldwide workforce is now ‘anywhere, anytime, information workers’, which is likely to use more than 3 mobile devices. Building upon this, Gartner studies show that mobile app based projects outnumbered PC based projects by the ratio of 4:1 in 2015. Such a change in the business world means a rapid increase in workforce mobility. This transition in the workforce allows businesses to offer more diverse operations. For example, the majority of businesses these days include on-site projects or out of office events.
An increase in mobility means your employees have to travel outside the office to perform their jobs. This means they will be using business assets and equipment on-the-go. While traveling, your employees need to be constantly updated about asset information. This makes workforce management a tad bit harder. A robust asset tracking system can make this task easy for your business. It becomes easier if the solution is cloud-based and supports a mobile application so it can help you work on-the-go without having to carry bulky files or laptops. You can get in control of all business workflows with just a single click anywhere, anytime. Continue reading
Cloud technology has taken over the business world to such an extent that it is worth around $200 billion today. Asset tracking software is just one business solution that’s using cloud technology to its advantage, enabling companies to track, control and monitor their assets from a centralized online space. This can be a huge boon for a wide variety of businesses – whether it’s small scale rental stores or huge conglomerates managing thousands of business assets.
Organizations are often clueless about the mismanagement of assets and daily financial losses. Of course, it is not an easy job to track down each asset especially when the asset count is in the hundreds and thousands. Instead of manually handling it, asset tracking software simply automates asset management for you and gives you a magnified view of the needs and status of your assets. Continue reading
SMBs and the need for asset tracking software
Tracking a company’s assets can help your business grow and maintain efficiency. But what is the best way of asset tracking and why should companies endorse it? A cloud based asset tracking software holds the key to asset optimization, increased productivity and effective employee management. This can allow companies to track business equipment across locations through GPS, set up QR Codes and Barcodes for inventory control, and queue maintenance on business assets. And it does all this in the most cost effective way!
Asset tracking software supersedes the traditional computerized management systems, which restrict the confines of asset optimization, inventory control and asset management. With the help of this inventory control software, companies can get a vigorous history on the complete lifecycle of an asset. Moreover, the correct implementation of this software can eventually lead to a greater return on investment and save up funds for other uses. Now that we have established briefly how this system functions, let’s have a look at the top 5 benefits which make it unique and popular amongst companies today. Continue reading