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Fixed Asset Tracking 101: What, Why and How

Posted By David Wallace On June 25, 2014 @ 7:30 pm In Finance | 6 Comments

fixed asset tracking

Traditional spreadsheets and ledgers are becoming a thing of the past as they are being replaced with revolutionary technology that can simplify asset tracking.

And why is this important you might ask?

Well, did you know that 30% of all organizations do not know what they own, where their assets are located or who is even using them? Add to this the fact that evaluating factors that influence the actual value of assets can take up valuable time.

With a modern tracking system, asset tracking can be accomplished as easy as taking a picture or entering a code.

Below is an infographic from Asset Panda [1] that provides some valuable information on what fixed asset tracking is, why it’s important and how it can help a business.

fixed asset tracking [2]

[Click image for full size version [2]]


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[1] Asset Panda: https://www.assetpanda.com/

[2] Image: http://smallbiztrends.com/wp-content/uploads/2014/06/asset-tracking-101.jpg