Asset tracking software is a tool that helps companies keep track of their physical assets. This simplifies procedures because the more assets a company has the more complicated the process becomes. Add to this the number of employees that need access to each asset and asset tracking software becomes invaluable.

When accessing whether your company needs asset tracking software keep in mind the overall value of your assets. Even companies with fewer assets but at a higher value can benefit from investing in these software tools.

Why You Need Asset Tracking Software

Eliminating manual tracking removes the element of human error or oversights. Without asset tracking systems companies run the risk of over-procurement, maintenance issues, lack of productivity, lack of usage accountability, and even theft. Why risk it?

Key Features of Asset Tracking Software

Asset tracking software is designed to be configurable. Each offers a centralized system where businesses can track their company's physical assets from purchase to disposal. While comparing various software packages some of the key components you'll find include mobile apps, customization, bar code labels, check-in, and check-out of assets features, audit tools, and cloud storage.

Easily accessible and detailed information about a company's assets becomes readily available with the right asset management software. Examples include an asset's purchase date, physical location, maintenance logs, and employee permissions for usage.

Here are the 5 Best Asset Tracking Software for you to consider in 2023.

Asset Panda Asset Panda
Asset Panda

1. Asset Panda

Manage your assets in real-time on the web or Android and Apple mobile apps with Asset Panda. Easy to customize to match your company's workflow, the user-friendly interface system allows for unlimited users. Your entire team will always be on the same page and can leverage interactive Dashboards to effectively communicate data, along with document sharing.

Reporting tools allow users to generate detailed insights into the entire asset estate or customize reports on a variety of criteria. Analyze your assets easily.

Full asset life-cycle history tracking and asset management couldn't be easier.

Bar-code scanning is built right into the system. This bar-code scanner can be used along with text input for immediate search capabilities. Asset audits can be instantly conducted or scheduled. Asset Panda also tracks important elements such as software licenses, contracts, maintenance and repairs, ghost assets, and depreciation.

The digital signature capture feature guarantees team accountability and can be used anytime throughout the workflow. When it comes to security, this cloud-based asset management software is SOC 2 certified and highly secure. What's more, support continues with Asset Panda even after your team has been onboarded. Known for its exceptional customer service Asset Panda guarantees a response within 24 hours.

UpKeep
UpKeep

2. UpKeep

UpKeep is built for maintenance, reliability, and operations teams to streamline and work efficiently. Asset Operations management allows maintenance teams to optimize work output. With maintenance reports software you can keep track of costs, technician productivity, order completion rates, inventory costs and so much more.

Quickly manage your assets and your work orders. Find parts and inventory easily. Ensure preventative maintenance for your business to be more proactive than reactive. Safety and regulatory compliance are critical to maintenance teams. With UpKeep, you can generate PDF reports and documentation for auditors.

For reliability teams, Upkeep's Asset Operations Management system allows for the utilization of technological advances. Detailed data improves the uptime of equipment and facilities. By using the Reliability Dashboard users can customize their system to align with company metrics and KPIs. All can be shared digitally or in PDFs.

When it comes to operations UpKeep's Asset Operation Management system provides executive metrics such as revenue, cash flow, and margins to team-specific metrics. This allows for the avoidance of operational silos, a better scope of the business, and the recognition of the contributions of each team member.

Reftab
Reftab

3. Reftab

Reftab is asset management software designed for simply tracking all your equipment and inventory. The company's mandate is to make asset management both convenient and inexpensive for the customer in the education, healthcare, non-profit, construction, technology industries, and more.

Reftab has even worked with wineries such as Stonebridge, in Niagara-on-the-Lake, Ontario, Canada to monitor their wine production. This involves the lifecycle of the barrels, along with the ingredients and the equipment.

With Reftab software customized categories and fields have a drag-and-drop capacity. It's easy to check out, check in, or reserve equipment with the system. Status labels can even be placed on certain items to restrict access.

Items that are frequently used together can be bundled into a kit to track in bulk. This enables quicker user access. Regardless of what is being used or where it is located, all loan history is recorded. If anything is overdue, an email is automatically sent to the user as a reminder. This ensures efficiency.

Alerts keep users up to date on warranties, maintenance, ownership verification, depreciation, and other important factors to keep companies running smoothly.

Asset Tiger
Asset Tiger

4. AssetTiger

Managing over 25,000 active accounts, AssetTiger is available for your computer, tablet, Android, or Apple smartphone. It allows for the management of 250 assets for free to My Asset Tag Customers provided they buy a minimum number of tags each year.

Simply enter or scan your equipment and other assets into AssetTiger using the software's mobile barcode scanning function. You'll quickly be able to create financial reports tailored to your business. Keep track of money-wasting ghost inventory items that cannot be found or used anymore. Set up important reminder alerts for things like warranties and maintenance.

Looking for more money-saving strategies? AssetTiger is cloud-based meaning you are free from the hassles and costs of physical software.

Go Coders
GoCoders

5. GoCodes

GoCodes is well known in the construction industry and makes the promise of no more missing tools. Using QR labels and tags, GoCodes can be used on any computer or mobile device that connects to the internet. Custom tags match the industry and are made from a variety of rugged materials for heavy machinery, industrial equipment, or hand tools.

GPS tracking enables the user to see exactly where the tool or equipment is located. It's powered by Google Maps, so you will see street maps and driving directions if you need immediate access.

GoCodes isn't just for construction. It's also ideal for tracking school inventory or the assets of small to medium businesses. If you have 200 or more assets check out GoCodes.

Conclusion

Without an asset tracking system in place, your company runs the risk of losing productivity and profits. The goal of using asset tracking software is to help businesses stay organized while saving time and ultimately money.