Web Based Asset Tracking Software Offers Unmatched Flexibility

Asset management involves methods that companies use to account for and track all of its property, possessions, resources, wealth, material goods and funds. This usually includes equipment, furniture, technology, computers and real estate. The growing need for more accurate and faster methods of business asset accountability has prompted the further development of asset tracking software solutions.

Asset Tracking Solutions 

Because each company is unique, what may work well for one may not necessarily be sufficient for another. Methods of tracking assets have several nuances. However, the most often used technology relates to anything connected to financial matters, such as information technology, inventory and investments. 

The management of assets greatly affects a company’s bottom line. Therefore, increased importance has been placed upon the various methods that businesses may track assets. Every company has different needs when it comes to asset tracking. Some of the more popular asset tracking methods might include:


*Traditional paper spreadsheets
*Computer software tracking programs
*Internet based tracking solutions

Stock and Inventory Tracking

Long before computers and asset tracking software came into existence, retail businesses kept track of inventory and stock by hand. Everything needed to be tallied physically. It was a very time consuming and tedious process. Since the retail businesses have always taken large losses due to shoplifting, many of their inventory discrepancies were never fully realized.

Computer Systems

Computer systems made it possible to store data concerning inventory, making it easier to ascertain just what amount of stock was available at any given time. Asset tracking became more sophisticated during this period; however, the process was still rather cumbersome. 

Bar Coding

When bar coding came on the scene, many commercial and retail outlets embraced the new technology. Just about any business that keeps a stock now utilizes it. Even libraries and other media businesses utilize bar code labels to track and keep products organized. Most all products contain a bar code, particularly if they are mass produced. 

For businesses with large warehouses and multiple locations, bar code scanning may also be done through portable mobile devices. The data from these devices is transmitted into the main computer system and downloaded, once complete. This allows the company to have constant access, and assign anyone they wish to their inventory network. 

Electronic Surveillance Technologies

Electronic surveillance uses radio frequencies and magnetic technologies to track assets. Devices are hidden within product packaging and used as anti-theft deterrents, which have assisted in reducing theft. When a consumer buys a product with one of these devices, it must be deactivated by an employee. Otherwise, an alarm will sound as they leave the store. 

Web Based Software

Web based software that is designed for asset tracking offers an increased level of flexibility over traditional computer solutions. Once cloud based software is deployed, it can be accessed at any time, from any computer with an Internet connection. 

Businesses may load the software onto:

*Local PCs
*Servers
*Intranets
*Internal or external hosted environments

Just as with bar coding, businesses may also access web based tracking applications using hand held devices that are designed to function within the system. Customers may track all of their physical assets using software that is configured to their specific needs. 

Managing assets in the cloud, or within an Internet environment, has become increasingly popular, largely due to its:

*Availability
*Ease of use
*Accuracy
*Cost effectiveness
*Added security

The portability of technology has provided new and improved tools available, designed to manage all of the various business assets. The main advantage of asset tracking software solutions is that they are designed to work within any business environment.