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By 2027, there will be 267 million RFID enabled assets being tracked worldwide. Despite these rapid technological advances, many businesses today are still operating on outdated asset management systems or inadequate spreadsheets. These outmoded systems create ongoing data accuracy issues, lost assets, costly replacements, and more.
The good news is, Flex Asset Solutions resolves these pain points and many more by helping businesses maximize their utilization and minimize losses with a simple, intuitive workflow and product design. This article is to to help you learn more about the main elements and benefits of asset tracking.
How Does Asset Tracking Software Work?
Asset tracking software consists of two or three main components:
- Asset Tracker: This tag is attached to the asset and allows for easy tracking of to whom or what location the asset has been assigned.
- Asset Management Platform: This software allows administrators to view and manage data on all of their assets, including tracking the current location/assignment of each.
- RFID or Barcode Scanner (optional): While not required scanning assets instead of manually entering tracking numbers into the Asset Management Platform is recommended as it is both more efficient, saving time, and more accurate.
The combination of these forces are backed by audit trails and routine maintenance tasks to ensure your data stays accurate and up to date.
5 Benefits of Asset Tracking Software
The benefits of asset tracking are endless, regardless of what type of business you’re managing, be it an event center, medical institution, school, or otherwise.
Here are just a few of the many ways asset tracking software can benefit your organization:
1. Minimize Lost Assets
Tracking down missing assets can be time-consuming, and replacing those assets can get expensive. Asset tracking eliminates these headaches, by giving you full visibility over your physical assets. Our simple and smart software keeps your data current, so you can reduce lost assets.
2. Save Time and Boost Productivity
Does asset management consume all of your time? If so, switching to asset tracking software will be a welcome change. When you spend less time guessing which assets you have and where they are, you’ll be more productive. This means you’ll be able to accomplish more in less time and with fewer resources.
Discover how Quakertown Community School District deployed 4,800 Chromebooks to students in record time; accurately and more efficiently than ever.
3. Maximize Utilization
After making an investment in an asset you want to maximize the utilization of that asset to its fullest. Flex Assets Solutions can help you quickly, and easily, monitor the utilization of each and every asset as part of the asset management process. You’ll be able to readily see what is in use and what is on the shelf. For some businesses more time in use means more revenue. For others it shows that you are getting the appropriate return on your business.
4. Avoid Purchasing Unnecessary Assets
Unnecessary purchases and acquisitions can cost you thousands of dollars over time. But asset tracking software will help you know what you have today, how often it is being utilized, and when additional assets are truly needed making your assent management process more efficient.
5. Built to Scale
Asset allocation, tracking, and management is a critical component of an organization’s success. Flex Asset Solutions has the flexibility to scale with your business as it grows, so you can ensure your data will remain current amid your increasing inventory of assets.
Discover how the growing facility center Riverside EpiCenter launched Flex Asset Solutions within days, not weeks or months, and are now tracking over 300 assets.
Why Choose Flex Asset Solutions?
As you search for asset tracking software, it’s important to note that not all products are created equal. Flex Asset Solutions offers a simple, intuitive design and product workflow that can be customized to suit the needs of your business.
Our cloud-based software can be accessed from anywhere in the world, including your mobile device. We’ll help you reduce mistakes, plan for the future, and stay on track with your budget. We offer a range of subscription plans and solutions for organizations of all sizes.
Here are a few Flex features you’ll love:
- Easy setup
- Streamlined asset distribution
- Cross-department tracking
- Easy auditing capabilities
- Managing depreciation and asset retirement
- Simple staff training process
See How Flex Asset Solutions Can Help Your Organization
Ready to see how Flex Asset Solutions can help your organization? Set your spreadsheets or outdated systems aside and contact us to bring order to your asset management system. Our business-focused software simplifies asset management tasks and will save you valuable time and resources.
Flex Asset Solutions is easy to use and quick to get started with. We can have you up and running in hour hours or days instead of weeks or months. Get in touch today to schedule a live demo with our knowledgeable team. We’re eager to help streamline your processes and discuss custom solutions to meet the unique needs of your business.
And there’s never been a better time to get started with free setup and an extended 6 month trial period. So what are you waiting for? We invite you to be the next to enjoy the benefits of all Flex Asset Solutions has to offer. Ready to see what we can do for your business?
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