Question 1

Is free asset tracking actually free?

Accepted Answer

Some asset tracking systems are entirely free, but there will always be a catch or two. Frequently, the free version of an asset tracking system is deeply limited, whether due to a cap on the number of supported users or assets, or a lack of GPS tracking for moveable assets. The free versions of more feature-rich asset tracking systems are often simply free trials, an obviously unsustainable option for a company that needs a free service for an ongoing basis. In this guide, we have clearly listed the benefits and limitations behind all the top free asset tracking systems on the market.

Question 2

Is free asset tracking worth it?

Accepted Answer

Skipping a paid asset tracking plan and opting for a free version may be worth it for small businesses. If you're keeping track of a few hundred assets that don't move around or require constant oversight, a free asset tracking system should work just fine. However, larger companies with moveable assets and higher needs should consider a paid asset tracking service. The good news is that any paid service will likely more than cover its own monthly fee in money saved through benefits including theft deterrence, insurance claims, employee management, reporting data, and improved efficiency across the business.

Question 3

Is AssetTiger really free?

Accepted Answer

Yes, AssetTiger is a permanently free asset tracking service. The free system includes useful features such as support for unlimited users and assets, maintenance alerts, contract and license management, and unlimited cloud storage. However, it comes with two big caveats: AssetTiger is designed for fixed assets, not moveable ones, and the free plan is capped at a max of 250 asset tags.

Question 4

How does asset tracking work?

Accepted Answer

Asset tracking systems use a combination of software and hardware to log and manage the location of a business's assets. There are three main types of asset tracking: Barcoding, GPS units, and RFID. Barcodes are passive trackers that must be physically found and scanned, GPS units are active trackers that will broadcast data anywhere in the world via satellite signal, and RFID tags are in between, as they'll send data a short distance. Barcodes are useful for tracking assets that stay in one place, such as computers and fax machines, while GPS units are best for tracking powered assets like backhoes or lawn mowers.

Question 5

What are the benefits of asset tracking?

Accepted Answer

The advantages of knowing where your assets are, and where they have been in the past, include theft deterrence, easier insurance claims, employee habit tracking (for powered assets, this may include travel times, engine hours and unauthorized use), better reporting and data insights, more efficiency, and better scheduled maintenance for powered assets.

Question 6

Why is it important to manage your physical assets?

Accepted Answer

Think about how much time you spend locating equipment or double-checking that the correct equipment for the job is available in the right location. If you run a field service business or an office with contractors who all need chairs and laptops, that's likely a lot of time. With an asset tracking system, you'll streamline the process, keeping everyone that much more efficient. With the extra time saved, your business will be able to improve its total productivity and revenues.

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