For fleet companies, asset tracking is a critical component of success. Most modern fleets use an asset tracking system featuring a centralized platform that displays details such as location, contract, owner, and maintenance history. There are a variety of reasons that a cloud-based asset tracking software may suit you. It can reduce administrative costs, improve efficiency, maintain certifications, increase accountability and cost savings, boost customer service, improve accuracy, and simplify planning for future growth. We’ve compiled a list of the best cloud-based asset tracking systems to help you streamline asset tracking for your business.
What is Asset Tracking?
Asset tracking helps companies manage and track their physical assets. Manual methods accomplish this by scanning barcode labels or tags to record their location. Digital methods allow the company to install a tracking device on each asset which then automatically transmits its location to a management software, either periodically or in real-time.
An asset is an item or resource with real tangible value that is owned by a firm. Assets can be physical objects such as vehicles, computers, and furniture. However, there are also intangible assets such as software licenses, patents, and contracts. In general, when we talk about asset tracking, we’re discussing physical assets rather than intangible ones.
Besides providing real-time location, asset tracking also shows how assets are used and can help you see how they impact your bottom line. Asset tracking is commonly mistaken for inventory management. Inventory management is used to track assets that are moving into and out of a business’s possession, such as products the business sells or parts used by a repair service. Asset tracking monitors the location and condition of assets that a business maintains as part of its operations.
EZ Office Inventory
EZ Office Inventory is a cost-effective cloud-based asset tracking software with an intuitive interface for a great user experience. With this platform, you can easily manage assets on the go with their mobile app. The app gives you the ability to conduct seamless audits, track assets across locations, and manage documents and images. This is the ideal solution for remote teams with coordination or asset tracking needs.
Fiix is a tool to track, optimize, and plan your maintenance easily. With their asset tracking software, you can track assets, parts, and work orders by use of a QR code system. Fiix allows you to access your asset history with just one click and import assets from CSV. Their drag and drop feature will enable you to clone records, add equipment, organize assets, and build an asset hierarchy. With Fiix, you receive a 360-degree view of all your schedules, work, costs, parts, and KPI’s.
Alloy Navigator is a cloud-based solution that specifically focuses on managing and optimizing the use of your IT assets. You can create IT workflows to manage these assets efficiently throughout their lifecycle. You’ll have access to useful data such as maintenance history, warranty contracts, and history of related incidents so that you can make an informed decision on your assets. These data points help drive insights to provide a clear picture of your software and hardware assets for their entire lifecycle from procurement to disposal. This tool gives you the capability to foresee potential changes and how they can impact your business. You’ll visually see how changes within your infrastructure can alter your business processes and affect your IT services.
Asset Panda is a cloud-based system that tracks all of your assets in one centralized location. Rather than sifting through a mess of cluttered information, you’ll have access to user manuals, warranty information, full action histories, and photos in one convenient place. Since it’s cloud-based, you can share access with others and assign them to a particular task. For example, your front line workers can easily manage assets on the go, managers can view their asset history, and executives can see the reports.
Asset Cloud is an asset tracking system with a check-in and check-out feature. This enables you to see who has your assets, locate where they are, and find out when they are due back. When checking out assets, you can assign responsibility to customers, vendors, or team members. Checking in assets releases this responsibility and enables the assets to potentially be reallocated to other users. By capturing the barcodes of these items, this eliminates the work of manual tracking. You can also build reports to visualize data to make informed decisions.
Azuga Fleet Tracking
Azuga’s asset tracking devices are specifically designed for managing large commercial assets such as trailers, construction equipment, generators, and forklifts. With Azuga, you can easily find where an asset is by accessing the fleet dashboard on a computer, smartphone, or other mobile device. After adopting Azuga, you’ll notice improved efficiency of your transport and yard. Besides assets, Azuga fleet tracking is a premiere GPS tracking tool for fleet vehicles including trucks, cargo vans, and cars. Users will receive in-transit alerts so you know whenever the equipment enters or exits a custom geofenced area. By tracking assets, you can also optimize dispatch. You’ll know exactly where each asset is at all times, as well as which are currently in use and which are available. Also, users can streamline maintenance, pickup, and asset delivery.
A traditional in-house asset tracking system would normally require a lot of upfront cost and a one to two-year maintenance and IT set-up procedure. About 94% of businesses are looking to cut costs by moving to a cloud-based system instead.
Turning a blind eye towards your assets can lead to excessive overheads and make life much more difficult for your employees. Every second that an employee spends on finding tools or assets is wasted time. Asset tracking allows your team to know exactly where each asset is at any given time. Use our list of the best cloud-based asset tracking systems to help you find a tool that can improve efficiencies with managing your assets.