Asset tracking is about more than just the location of drivers and vehicles, it's also about knowing where your movable and fixed assets are. By tracking assets, you can minimize cost and maximize profitability by monitoring the utilization of all assets. Just as vehicles need routine maintenance and fuel, assets also need to be checked regularly to ensure that they are working properly. GPS-based asset tracking can help to ensure that no asset, no matter the size, is overlooked, providing managers with a much-needed peace of mind. Investing in a fleet management software with asset tracking capabilities makes managing assets simple.
For many companies, facilities operations and management represent a significant business cost. Thinking of fixed assets as a source of economic advantage allows companies to optimize their processes and resource use to simultaneously reduce environmental impacts and lower cost.
Spreadsheets have become one of the most prevalent software applications used by businesses. They are used for everything from simple calculations to impromptu databases. While inherently useful, spreadsheets are frequently used for tasks in which they are ill-suited. In fact, too many companies overlook the importance of accurate fixed asset tracking and rely on spreadsheets to track value, depreciation, and tax calculations. Unwittingly, this results in the direct loss of money and time.
Here’s a riddle: What have you used for a very long time, occasionally pulled your hair out over, contains lots of cells with mathematical formulas, and is very stressful to update whenever a tax law or GAAP principle changes?