Track Your Assets With Asset Panda, Not Obsolete Spreadsheets

DALLAS, Oct. 3, 2013 /PRNewswire/ -- If you're still using spread sheets to track fixed assets and property, you will enjoy the benefits Asset Panda offers in its recently unveiled, revolutionary new system that automates and simplifies the job of tracking and managing fixed assets. Whether it's industrial, IT or office equipment, many organizations simply do not know what fixed assets they own, or where they're located. Asset Panda solves that problem quickly and easily, and gives an organization control over its assets with its integrated asset management system that combines the use of apps, the cloud and scanning using mobile devices that employees already have with them.

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Asset Panda is the most recent company founded by Rex Kurzius, a notable serial entrepreneur who has launched six companies since he was 23, two of which gained recognition as INC 500 "Fastest Growing Companies in America."

"Using spreadsheets to track assets is obsolete, now that Asset Panda is available," said Kurzius. "Anyone with a smartphone, tablet or other enabled device can use Asset Panda to update and audit fixed assets and reduce asset losses due to misplacement, theft and misallocation, bringing savings straight to the bottom line."

"Users can take pictures or scan bar codes of items and instantly update their organization's data in the Asset Panda management system, which is then accessible via the Web on any PC or enabled mobile device," Kurzius noted.

In a mid-2013 survey, nearly half of the CFOs polled reported having to periodically write down the value of assets simply because they couldn't find them. And 80 percent said the ability to better manage fixed assets would offer significant benefits such as increased cash flow and earnings, audits that were more efficient and accurate, and the elimination of unnecessary write-offs.  Now, organizations of all sizes can count on Asset Panda to help them manage their fixed assets more efficiently.

Offered over the Web as "software as a service," Asset Panda's intuitive technology lets organizations   and individuals catalogue, track, organize, audit and manage information about fixed assets including IT assets and industrial and office equipment.

Starting with an app downloaded to a mobile device, tablet or other enabled device, Asset Panda can store data in forms such as bar codes, videos, photos, receipts and lease and warranty information. This data is stored and managed in the cloud.  By turning smart phones, tablets and other enabled devices into bar code scanners, Asset Panda eliminates the need to buy separate hardware.

Asset Panda can be used for GAAP reporting and compliance ranging from IRS/proper tax treatment of depreciation to Sarbanes-Oxley corporate governance law for larger or publicly held companies.

A free, test version of Asset Panda can be downloaded at www.assetpanda.com, Apple Inc.'s App Store, or Google Play. Higher levels of service with more robust capabilities are available by subscription.

SOURCE Asset Panda