Asset Tracking in 2026: What CIOs and CFOs Expect

In 2026, Australian businesses, including organisations operating in Melbourne and other major commercial centres, are facing a complex landscape where regulatory pressure and cost management are top priorities. Australian executives, particularly CIOs and CFOs, must navigate increasing demands for instant visibility into assets, alongside growing pressure to optimise costs and ensure compliance. As enterprises expand across multiple sites, the need for robust asset management systems is more critical than ever. CIO Priorities: Strategic IT Governance and Infrastructure For CIOs, the role of asset tracking has shifted from being a tactical tool to a strategic component of overall IT governance. With Australian businesses, particularly those operating across multiple locations in Melbourne and other regional hubs, increasingly relying on hybrid environments, cloud platforms, and remote setups, CIOs need asset management solutions that extend beyond basic tracking. CIOs expect asset tracking systems to provide comprehensive oversight of hardware deployment across data centres, edge locations, remote offices, and field equipment. Cloud-based solutions with customisable dashboards offer key insights, such as asset utilisation, capacity planning, and refresh schedules, helping CIOs make data-driven decisions that support long-term operational goals. Moreover, the integration of platforms like ServiceNow or SCCM allows CIOs to seamlessly manage provisioning, security, and compliance, ensuring their assets are ready and secure at all times. With a strong focus on predictive maintenance and hardware lifecycle management, CIOs can now reduce downtime, optimise asset usage, and prepare for future IT infrastructure needs. CFO Priorities: Financial Precision and Compliance For CFOs, asset tracking isn’t just about visibility; it’s about financial governance. In a regulatory environment that’s becoming increasingly stringent, CFOs need asset management solutions that can handle everything from depreciation schedules to capital justification. Australian CFOs are looking for systems that not only track assets but also deliver comprehensive financial insights. This includes automated depreciation schedules, insurance valuations, and precise cost allocation based on department, project, or geography. Accurate reporting is essential to stay compliant with ATO standards, as well as meeting the stringent requirements of regulatory bodies like ASIC. To further support CFO priorities, many Australian companies rely on automated workflows to manage warranty claims, lease renewals, and service contracts, all of which help improve efficiency and reduce risks associated with manual processes. Additionally, platforms need to offer audit-ready trails that track asset movement, ownership, and disposal, ensuring regulatory compliance and providing transparency during audits. Executive Alignment: Unifying IT and Finance As CIO and CFO priorities converge, the need for a unified asset management platform becomes increasingly clear. Modern systems should bridge the gap between IT operations and financial management, creating a cohesive approach to managing all assets, from IT hardware to facilities equipment. Integrating ERP systems like SAP or Oracle NetSuite with asset management platforms provides a centralised view of assets across multiple departments. This centralisation allows for automated workflows for tasks like check-ins/outs, maintenance requests, and asset reallocations, reducing manual work and improving overall efficiency. By ensuring real-time visibility into asset conditions, usage, and status, organisations can make smarter financial decisions, such as redeploying underutilised equipment and identifying opportunities to cut costs. This alignment between IT and finance teams ensures more efficient budget management and operational control. Key Trends Shaping Asset Tracking in 2026 Asset tracking is undergoing a digital transformation, with cloud deployment taking centre stage. As Australian businesses continue to migrate to cloud-based systems, legacy, on-premise solutions are being replaced by scalable, flexible solutions that enable remote asset management across multiple locations. The use of hybrid technologies is also increasing, with RFID and GPS tracking providing real-time visibility in warehouses and field sites. Mobile-first access is becoming standard for asset management teams, giving field workers the ability to update records and track assets without relying on desktop systems. In response to sustainability concerns, many organisations are also incorporating ESG metrics into their asset management systems. By tracking resource efficiency and asset usage, businesses in and around Melbourne, Australia can meet environmental reporting requirements while reducing waste and unnecessary purchases. Additionally, AI capabilities within asset tracking platforms can help identify usage anomalies, predict maintenance needs, and flag potential security risks. Real-World Impact TechnoSource has seen firsthand how asset tracking solutions transform industries like defence, mining, and education. For instance, a large mining organisation in Australia significantly reduced downtime by implementing asset tracking that allowed real-time monitoring of field equipment. Similarly, government organisations have streamlined operations by centralising their asset registers and automating compliance workflows. These success stories reinforce the strategic value of asset tracking beyond just operational tasks; it directly impacts cost optimisation, asset utilisation, and regulatory compliance. TechnoSource’s Role in the Future of Asset Management At TechnoSource, we understand the evolving needs of Australian businesses across Melbourne and the wider Asia-Pacific region in managing their assets. Our Wasp AssetCloud solution provides a comprehensive, cloud-based platform that supports the demands of CIOs and CFOs, delivering secure, scalable, and efficient asset management. As the Australian market continues to shift towards more digital-first operations, TechnoSource is committed to providing innovative, reliable solutions that bridge the gap between IT operations and financial governance. Ready to optimise your asset management? Connect with TechnoSource today. Frequently Asked Questions (FAQs) What are CIO and CFO asset management expectations in 2026? CIOs are focused on strategic IT governance and capacity planning, while CFOs require financial precision, depreciation accuracy, and ROI demonstration. How does asset tracking in 2026 differ from prior approaches? With cloud scalability, AI insights, and predictive planning, asset tracking has evolved from an operational task to a strategic, executive function. What enterprise asset management trends matter most to executives? Key trends include hybrid tracking technologies, mobile-first solutions, AI-powered analytics, and sustainability integration for ESG reporting. Why prioritise asset visibility and reporting for executives? Unified visibility across IT and finance ensures smarter decision-making, better cost management, and more effective capex justification. What asset tracking solutions for CIOs and CFOs deliver strategic value? Cloud platforms offering executive dashboards, lifecycle automation, mobile scanning, and ERP integration provide strategic value for both IT and finance teams.

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How Topaz Signature Pads Improve Compliance and Reduce Paperwork

Topaz signature technology helps organisations move from slow, paper-heavy workflows to compliant, fully digital processes. By combining secure biometric capture with powerful software, a topaz signature pad makes it easier to meet regulatory requirements while dramatically reducing manual paperwork and storage costs. Why Compliance Matters More Than Ever Across industries like healthcare, finance, government, and logistics, regulations demand clear, auditable records of customer and staff approvals, consent, and authorisation. Paper forms are easy to lose, hard to verify, and expensive to store. In contrast, an electronic signature pad can capture legally binding signatures, link them to electronic documents, and maintain a complete audit trail that supports internal policies and external regulatory standards. How Topaz Pads Capture Better, More Defensible Signatures Topaz Signature Capture Pads are designed to record much more than just a picture of a signature. They capture biometric data such as stroke order, speed, pressure, and timing, turning each signature into a robust, forensic-quality record. This rich data helps prove that a real person signed, strengthening the enforceability of contracts and consent forms in disputed cases. Because the signer can see their signature appear on the pad screen in real time, the experience feels natural and intuitive. This reduces errors, re-signing, and customer confusion, all of which support cleaner records and smoother compliance audits. Built-In Security That Supports Compliance Compliance frameworks typically require secure handling of sensitive information and strong controls to prevent tampering. A Topaz electronic signature solution meets these needs by binding captured signatures cryptographically to specific documents so that any post-signing changes are detectable. If someone alters a signed PDF or form, the system flags the change, preserving the integrity of the original transaction. Many Topaz solutions integrate with secure software tools that help manage user permissions, access control, and document encryption. This reduces the risk of unauthorised access or data leaks, supporting compliance with privacy and data protection regulations in highly regulated sectors. Reducing Paperwork at Every Step Replacing handwritten signatures with an e-signature pad allows organisations to remove paper from the entire document lifecycle. Forms are created, completed, signed, and archived digitally, eliminating printing, scanning, and physical filing. Staff no longer need to chase missing pages or decipher poor handwriting, which speeds up approvals and reduces administrative overhead. Digital records are easier to search, share securely, and back up. Teams can retrieve signed documents in seconds during audits, customer queries, or legal reviews, instead of sorting through boxes of archives. This not only saves time but also ensures that compliance evidence is readily available when needed. Seamless Integration with Everyday Applications Topaz solutions are designed to work with widely used software platforms, enabling users to sign PDFs, office documents, and line-of-business applications without changing core processes. This makes it easier to standardise compliant workflows across departments, branches, or locations. Staff can collect signatures at counters, in clinics, at service desks, or in the field, while still feeding records into a central, controlled system. Because the technology is flexible, organisations can start with a few pads for high-volume points and scale up as they expand digital signing to more processes. This gradual adoption helps manage change while still delivering quick wins in paperwork reduction and compliance visibility. Improving Customer and Staff Experience From a user perspective, Topaz devices keep signing simple. The pads are compact, familiar to use, and allow customers to review key information on-screen before signing. This builds trust and transparency, which is important for compliance in consent-driven environments like healthcare, insurance, and banking. For staff, fewer paper forms mean less manual filing, fewer scanning tasks, and reduced data entry workloads. Employees can focus more on value-adding activities, explaining terms, assisting customers, or managing exceptions, instead of shuffling paperwork. Over time, this improves productivity and morale while still aligning with strict compliance requirements. Cost and Environmental Benefits of Going Paperless Paper-based compliance has hidden costs: printing, storage space, shredding, courier services, and time spent handling physical files. Moving to Topaz Signature Capture Pads helps reduce or eliminate many of these expenses. Digital workflows shorten cycle times, speed up cash flow in transactional environments, and reduce the risk of lost or incomplete documents that can delay audits or approvals. There is also a clear environmental benefit. Lower paper usage means less waste and a smaller carbon footprint from printing and transport. Many organisations now include digital signature projects in their sustainability strategies, reporting reduced resource consumption as part of ESG and compliance reporting. Key Considerations When Implementing Topaz Signature Pads To get the most from a topaz signature pad deployment, organisations should: Map their current paper-heavy processes and identify which forms or approvals are most critical for compliance. Ensure that digital signatures meet relevant legal and industry standards for their jurisdiction and sector. Train staff on the correct use of the electronic signature pad, including how to verify identity and explain the process to customers. Establish clear policies for digital document retention, access control, and backup, aligned with regulatory requirements. Done well, the switch from ink to electronic signatures can be implemented gradually while maintaining full compliance coverage throughout the transition. In Conclusion Topaz technology bridges the gap between strict compliance needs and the drive to streamline operations. By using Topaz Signature Capture Pads, organisations capture high-quality, defensible signatures, protect document integrity, and provide auditors with fast, reliable access to records, all while dramatically reducing paper use. When combined with thoughtful process design and clear policies, a Topaz electronic signature solution becomes a cornerstone of modern, compliant, and efficient document management.

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How to Choose the Best Label Scanners for Your Stocktake Needs

Accurate, efficient stocktakes are impossible without the right label scanning tools. Choosing the best barcode scanner for your business means looking beyond price and brand names and focusing on how the device fits your workflows, environment, and existing systems. The right scanner helps you count faster, reduce errors, and keep inventory data up to date across warehouses, retail floors, and back-of-house storage. Why Label Scanners Matter for Stocktakes Stocktakes rely on fast, error-free data capture so teams can move through shelves and pallets without constant manual corrections. A good barcode scanner reader turns every label into a reliable data point, feeding information straight into your inventory or POS system instead of relying on manual entry. This reduces miscounts, improves stock accuracy, and supports better purchasing and replenishment decisions over time. Step 1: Understand Your Stocktake Environment Before comparing models, start with where and how you will use your scanner. Consider whether staff are scanning on a shop floor, in a warehouse, in cold rooms, or outdoors at loading docks during stocktake. This context helps determine whether you need rugged devices, extra-long-range scanning, or wireless mobility for moving between aisles and storage areas. If you are scanning at height or across wide aisles, you may need a device that can easily read barcode scanner labels from several metres away. For dusty or harsh environments, look for IP-rated, drop-tested scanners that can handle knocks, temperature fluctuations, and daily wear during intensive stocktake periods. Step 2: Choose Between Handheld, Mobile, and Fixed Scanners Most businesses conducting stocktakes rely on handheld barcode scanners because they offer flexibility and are easy to train staff to use. Handheld units can be corded (tethered to a computer or POS) or cordless, allowing staff to walk through aisles freely without cables getting in the way. Cordless devices are especially helpful when scanning high shelves or tight corners where laptops and terminals are not practical. For larger operations, mobile computers with integrated scanners may be more efficient, especially if staff need to check stock information on-screen while scanning. Fixed-mount scanners are less common for stocktake but can be used at packing or receiving stations when items pass through a specific point during counting or reconciliation. Step 3: Check Compatibility with Your Systems No matter how powerful a scanner is, it must work smoothly with your existing software and hardware. Confirm that the barcode scanner supports your POS, warehouse management, or inventory software, ideally through standard interfaces like USB, Bluetooth, or keyboard wedge emulation. Many scanners are “plug-and-play,” acting like a keyboard and sending scanned data directly into any active text field. If your system supports configuration, you may want scanners that can send prefixes, suffixes, or special characters to match your data formats. When buying a barcode scanner online, always check supported operating systems (Windows, macOS, Android, iOS) and whether the device can integrate with any stocktake or mobile counting apps you already use. Step 4: Consider Symbologies and Scan Performance Not all labels are the same, and your scanner needs to read every code you use now and might adopt later. Ensure the device supports all required symbologies, such as EAN/UPC for retail products, Code 128 or Code 39 for internal labels, and possibly 2D codes like QR if you are using more detailed label formats. A capable barcode scanner reader should decode damaged, low-contrast, or curved labels reliably, especially during fast-paced stocktakes. Scan performance also matters when staff are scanning thousands of items in one session. Look for fast scan engines, wide scan angles, and devices that offer clear feedback (beep, vibration, and LED indicators), so team members know when a code has been captured successfully, even in noisy environments. Step 5: Pick the Right Connection Type Connection type directly affects flexibility during stocktakes. USB-wired scanners are simple and reliable for static counting at a counter or desk, but limited range. Bluetooth scanners provide mobility within a set radius of a base station or computer, ideal for mid-sized stores and warehouses. Some models also store scans offline, syncing when back in range, which is handy when moving between back rooms or mezzanines. If staff are using tablets or smartphones for stocktake, confirm that the chosen barcode scanner pairs easily with mobile devices. Some operations instead opt to use phone cameras with scanning apps, but dedicated scanners typically offer faster, more accurate reads and better ergonomics for long sessions. Step 6: Match Durability to Usage For light, occasional stocktakes in retail, entry-level scanners can be sufficient, provided they offer reasonable drop resistance. However, frequent, large-scale counts in warehouses or distribution centres call for industrial-grade units with higher drop ratings and protection against dust and moisture. These devices tend to last longer and provide better total cost of ownership despite higher upfront prices. Look at the manufacturer’s stated drop height, IP rating, and warranty. If your team performs rolling stocktakes or cycle counts daily, choosing a more robust scanner reduces downtime and replacement costs over time. Step 7: Evaluate Ergonomics and Ease of Use Comfort is crucial during long counting sessions. A well-designed barcode scanner should feel balanced in the hand, with an easy-to-press trigger and clear feedback indicators visible from different angles. Lightweight designs reduce fatigue, especially for staff scanning at shoulder height or above for extended periods. Also consider training time. Intuitive scanners with simple configuration and automatic aiming help new users become productive quickly. If your team includes casual or seasonal staff, straightforward operation becomes even more important during busy stocktake periods. Step 8: Plan Your Budget and Total Cost of Ownership Price is important, but it should be weighed against performance, durability, and lifespan. Cheaper scanners may be tempting when purchased in bulk, but if they fail quickly or slow down staff due to misreads, the hidden costs can outweigh initial savings. Look at how many stocktakes you perform per year, the number of devices you need, and potential productivity gains from faster, more accurate scanning. When buying a barcode scanner online, factor in … Continue reading How to Choose the Best Label Scanners for Your Stocktake Needs

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How Asset Tracking Solutions Improve Productivity in Remote Mining Sites

Remote mining sites in Australia face unique operational challenges that demand innovative solutions to boost productivity, efficiency, and safety. One such transformative technology is the integration of Asset Cloud Solutions, which combines asset tracking, inventory management, and cloud computing to deliver clear insights and seamless operations. For mining companies operating across Australia’s vast, often isolated landscapes, adopting a robust Asset Management system powered by cloud technology can revolutionise asset control and operational workflows. The Challenges of Remote Mining Operations Mining sites located hundreds or thousands of kilometres from urban centres face issues such as limited physical access, scarce on-site manpower, complex logistics, and difficulty tracking valuable equipment and supplies. These challenges can lead to increased downtime, asset loss, and inefficient resource use, all of which affect profitability. Implementing advanced digital systems like cloud-based asset and inventory management offers a solution by providing visibility and control without the need for a large on-site IT infrastructure or constant physical monitoring. What is Cloud Asset Management? Cloud asset management refers to managing assets digitally over the internet through a cloud-based platform. The system allows mining operators to track, monitor, and maintain their equipment and resources from any location using web browsers or mobile devices. This eliminates the need for traditional on-premise servers and manual tracking processes, which are costly and prone to error. Certain cloud asset management tools provide 360-degree visibility of assets, automate maintenance scheduling, and enable live asset tracking through barcode and RFID technologies. Users can manage asset allocation, track locations, and receive alerts on asset movement or upcoming maintenance, all in a secure, scalable cloud environment. Benefits of Asset Cloud Solutions in Mining Track Asset From Anywhere, Anytime With asset tracking software integrated into a cloud platform, mining operations can locate and monitor equipment across multiple remote sites instantly. This clear visibility reduces asset losses and theft, improves accountability, and helps maintenance teams prioritise service schedules to avoid unexpected breakdowns. Manage Multi-Quantity Assets The multi-quantity asset feature provides your organisation with a fast and effective solution to consolidate and track how many identical assets you have – without tracking each individual item. This cloud-based solution can make tracking valuable assets easier for everyone. Streamlined Maintenance and Financial Asset Management Cloud asset management platforms enable automated maintenance alerts and work order scheduling, which extends asset lifespan and enhances operational safety. Combining this with financial asset management systems helps mining companies track asset depreciation, optimise budgeting for replacements, and ensure compliance with financial audits. Cost Efficiency and Scalability By eliminating the need for physical IT infrastructure, cloud systems significantly reduce overhead costs. They offer scalability to accommodate growing asset portfolios or additional mining sites effortlessly, enabling businesses to pay only for the resources they use. Mobility and Ease of Access Mining managers and operatives can access asset information and update records via mobile devices from anywhere. This mobility improves operational agility and decision-making speed, critical for remote sites where timely responses are essential. Real-World Impact on Australian Mining Australian mining companies that have embraced cloud asset management report significant improvements in operational efficiency. The ability to track equipment movement and maintenance schedules remotely reduces downtime and improves compliance with safety regulations. Moreover, cloud-based inventory platforms optimise stock management, align procurement with actual usage, and support environmental sustainability by reducing waste. Frequently Asked Questions (FAQs) What is an asset management system, and how does it work in mining? An asset management system is a digital platform that helps track, monitor, and manage physical assets such as machinery, tools, and equipment. In mining, it works by using technologies like barcodes and RFID tags to digitally record asset location, condition, maintenance history, and allocation, accessible anytime via cloud software. How does asset tracking improve productivity at remote mining sites? Asset tracking software provides clear visibility of assets regardless of location, reducing time wasted searching for equipment, preventing loss or theft, and enabling timely maintenance. This leads to less downtime and smoother operations. What are the advantages of cloud asset management over traditional methods? Cloud asset management removes the need for expensive on-site servers and maintenance, while offering flexible access from any device with an internet connection. It enables easy scalability as your asset base grows, supports seamless collaboration across multiple locations, and provides automated updates and notifications that reduce manual effort. Compared to traditional methods, cloud platforms also centralise data in one unified dashboard, making tracking, reporting, and decision-making more efficient. How secure is cloud asset management software for mining companies? Reputable cloud asset management solutions, like those provided by Technosource, use secure servers (e.g., AWS) and encryption to protect data. They also offer role-based access controls to ensure only authorised personnel can view or modify sensitive information. What types of assets can be tracked using cloud asset management in mining? Cloud asset management systems can track a wide range of assets, including heavy machinery, vehicles, tools, safety equipment, and inventory items like spare parts and materials. This comprehensive tracking improves utilisation and reduces losses. How does asset tracking software enhance safety on mining sites? By providing live location and condition data of equipment, asset tracking software helps prevent accidents caused by misplaced or malfunctioning machinery. It also supports compliance with safety inspections and timely maintenance. Can cloud asset management systems operate effectively in remote areas with limited internet connectivity? Many cloud asset management solutions are designed to work with intermittent connectivity by storing data locally and syncing automatically when a connection is available. Hybrid cloud and edge computing approaches also enhance performance in remote mining sites. What is the difference between an inventory management system and an asset management system? spare parts, and stock levels to optimise procurement and usage. An asset management system tracks physical fixed assets, managing their lifecycle, maintenance, and allocation. How do financial asset management systems integrate with cloud asset management? Financial asset management systems use data from cloud asset management platforms to monitor asset depreciation, book value, and lifecycle costs. This integration supports budgeting, financial reporting, and asset … Continue reading How Asset Tracking Solutions Improve Productivity in Remote Mining Sites

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Mining Smarter: Why Asset Visibility is the Next Productivity Breakthrough

The Mining Challenge Few Talk About Australia’s mining industry is known for scale, complexity, and tough conditions. But while companies invest billions in exploration, equipment, and safety, one operational challenge continues to quietly drain productivity: the lack of visibility into everyday assets. From haul trucks to power tools, generators to safety gear – keeping track of thousands of moving parts is harder than ever. And in mining, when something goes missing or breaks down, the cost isn’t just financial. It can mean project delays, safety incidents, or even compliance penalties. Why This Matters Now The mining sector is under pressure from all sides: Cost control: Margins are tightening with global market volatility. Safety & compliance: Regulations around equipment use and reporting are stricter than ever. Sustainability goals: Efficient resource use is becoming a boardroom KPI. At the same time, the old tools – spreadsheets, manual checklists, siloed systems, simply can’t keep up with the pace of modern mining. This isn’t about digitisation for the sake of it. It’s about operational resilience in one of the world’s most unforgiving industries. Lessons From the Leaders Forward-thinking mining companies in Australia are already making the shift: A WA-based operator cut audit prep time by 70% by digitising maintenance records. Another eliminated costly duplicate equipment orders once site managers had real-time visibility into shared asset pools. A Queensland mining services company reduced safety risks by ensuring critical tools were always inspection-ready. The common thread? Better asset visibility. Not just knowing where something is, but knowing if it’s operational, compliant, and available. What Good Looks Like So, what does “best practice” asset management in mining actually mean? Single Source of Truth: One platform that shows the status of every asset, across every site. Mobile-First Access: Field teams can log, scan, and update assets in real time, even in remote conditions. Automated Maintenance & Compliance: No more chasing spreadsheets — inspections and reports happen seamlessly. Actionable Insights: Dashboards that tell you not just what you own, but how well you’re using it. The Big Picture Mining has always been about extracting maximum value from limited resources. Applying that mindset to asset visibility is the next frontier. The companies that get this right won’t just avoid losses — they’ll set the pace in efficiency, safety, and sustainability. Where to Start For many mining operators, the first step is simply acknowledging that spreadsheets and manual systems are no longer enough. The next step is exploring technologies built for scale and built for industries like mining. That’s where solutions like AssetCloud come in — cloud-based, mobile-ready, and proven in tough environments. If you’d like to see how leading Australian mining companies are making the shift, TechnoSource offers demos, case studies, and local support tailored to the sector. 👉 Book a Mining-Focused Demo →

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What is Asset Tracking?

Every business organization irrespective of the products it produce or the services render has its own assets. These assets are crucial to the continuous existence of business organizations. They are different categories of assets use by business organization based on the area of the business operations. The adequate security of an organization’s asset is very important. In view of this, different strategies have been introduced over the years to safeguard companies’ assets. One of the most common ways businesses in the 21st century secure their assets is Asset Tracking. Asset Tracking is a technique of managing high value equipment (like generators, tools, Overhead valves etc) using advanced technology like GPS tracking devices, Barcodes, or RFID tags.  Asset Tracking is tailored towards improving the security of a company’s asset and to ensure that these assets are properly utilized. There are different methods of tracking assets in an organization. However, most companies that track their assets prefer using GPS tracking device. This is due to the fact that assets tracked using GPS tracking devices are easier to manage and it offers a detail analysis of data of the tracked asset to the users.   GPS asset tracking device enables companies to know the exact location of their assets at all time. This is because it has a location transmission features that functions with cellular or satellite networks.   Benefits of Asset Tracking The benefits of Asset tracking can never be over emphasized. Research has shown that since the emergence of asset tracking as a way to securing organization’s assets they have been drastic reduction in cost and increase in revenue. Some of the benefits of Asset tracking are discussed below; Ascertain Exact Asset Location: One of the benefits is the ability to know the exact location of their assets at all times. This will enable them to properly manage these assets and deploy them to where they are needed. Variety of Options: Asset tracking comes with different options depending on the location and the size of the assets that need to be tracked. Some of the options are; Barcode labels, RFID Tags and IoT beacons. With this, Assets can be effectively tracked irrespective of the asset category or size. Warranty tracking: When assets are tracked, accurate records of equipments or assets under warranty are provided. This will generate an automated alert when a work order is created thereby dispatching the warranty contractor for service to ensure that the equipment is properly repaired. Better Knowledge of equipment performance: Organizations that track their individual assets have detailed insights into their equipment performance. This will help them to save more money, reduce cost, reduce equipment downtime and control loss stock. Better Purchasing Decision: Asset tracking can help individuals and organizations to make better purchasing decisions when it comes to replacing an existing asset. This is due to the fact that ongoing tracking data can easily be used to evaluate initial purchase data. Safeguarding and maintenance of assets is important to the growth and success of every organization. In view of this, it is the responsibility of every organization to key into any asset tracking program that will enable them to efficiently account for their assets. How can TechnoSource Assist with Your Asset Tracking Needs? We are specialists in Wasp Asset Tracking Solutions which features an easy to use interface, comprehensive reporting, automated tracking, state-of-the-art security perfect for tracking your valuable assets. Wasp Asset Tracking System is the most preferred solution for defense and security industry, small and mid-size businesses, mining industry, legal and accounting firms, healthcare industry, government and non-profit organizations and constructions industry. Click here for more information on Wasp Asset Tracking System pricing and packages.

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