4 Reasons You Need Asset Tracking Software
Enter the number of fixed assets your organization owns, or make your best guess.
Enter the average value of one of your assets.
If you're not sure, 10% is a good estimate. This number maybe as high as 20 to 40% for some organizations.
This is the amount of value left in your ghost assets. If you are not sure, 50% is a good estimate. This number could be higher or lower depending on how new or old your assets are.
Average rate is 25%
Average rate is 5%
Average rate is 3%
Average rate is 1%
Enter the number of personnel needed to conduct your annual fixed asset audit.
The average audit takes four weeks (or 20 business days) to complete.
Over half of companies report operations personnel perform at least one search for assets per day and that these searches can take up to an hour each.
Tracking even a portion of your assets, such as IT equipment, delivers significant savings.