CPA Practice Advisor - 10

REVIEW: INVENTORY MANAGEMENT SYSTEMS
Asset Panda
www.assetpanda.com
Asset Panda is a flexible online asset
management tracking program best
suited for businesses that have a
variety of asset types that need to be
managed. Asset Panda also offers easy
mobile capability and is compatible
with iPhone, iPad, and Android smart
phones and tablets. The mobile app
offers complete integration with the
online application and includes easy
inventory/asset check in and check
out capability.
Along with complete asset
management capability, Asset Panda
recently released four new modules;
Inventory Management, Purchase
Orders, Request Tickets and Vendor
Management. The new Inventory
Management module enhances
inventory management capability in
the application, combining it with its
asset management platform that can

be utilized across multiple locations.
The inventory module also allows users
to manage inventory in multiple warehouses, combine inventory and assets
into a custom configuration for better
tracking, transfer inventory levels
between multiple warehouses, and
track both assets and inventory using
a product UPC code, serial number,
or model/asset name. The product
also offers a variety of customization
capabilities, with users able to add
custom fields to insurance records,
work orders, and warranty listing
pages, add custom calculation fields,
and create both work order and check
out forms for assets.
Along with standard inventory
tracking, Asset Panda tracks all
assets and related information such
as warranty, insurance policy details,
repair and maintenance records, and
depreciation, along with the ability
to check assets in and out, assigning

them to employees as needed. Users
can also add photos, videos and other
documents directly to any asset
tracked in Asset Panda. Users can also
import assets from another application
directly into Asset Panda if necessary.
Asset Panda's mobile app allows
users to easily scan assets in and out
of the system using the mobile barcode
scanner. Assets can also be tracked
using GPS for quick location and Asset
Panda supports a variety of barcode
types including QR Codes, EAN-13,
EAN-8, UPC-A, UPC-E, Code 128, Code
39, Code 93, and LOGMARS.
Designed to track company assets
of any kind, including tools, books,
equipment, computers, and appliances,
Asset Panda does not currently support
a manufacturing environment of any
kind, and the product is not really
suited for distributors. Asset Panda
does not currently offer multiple pricing levels or discount pricing options.

EZOfficeInventory
www.EZOfficeInventory.com
EZOfficeInventory is an online asset
tracking and inventory management
application that is designed for businesses that have a large number of
assets or internal inventory that need
to be tracked. Not well-suited for
retail businesses or online merchants,
EZOfficeInventory is scalable, with
three plan levels available, making
the product suitable for the smallest
business to enterprise level operations.
All plans offer a mobile app that is
compatible with both iOS and Android
smart phones and tablets.
New features added in EZOfficeInventory include the option for users
to acknowledge receipt of an item, the
addition of custom fields for purchase
orders, work orders and carts, and an
optimized reservation process that
better tracks equipment movement.
Best suited for businesses that check

10

MAY 2019 ■

large numbers of assets in and out,
EZOfficeInventory can be utilized in
multiple locations, with users able
to receive an alert when available
stock becomes low. Users can also
transfer stock between locations when
necessary, and GPS technology can be
utilized to track asset location at all
times.
EZOfficeInventory offers basic
inventory tracking, allowing users to
track inventory from multiple warehouses. Users can enter Add Stock
pricing, as well as pricing for when
the item is removed, such as during a
sale. Users can assign a default vendor
to each stock item, and create a low
stock total option which notifies management when stock gets low. Users
can easily add inventory stock using
the Request Stock option, and update
the stock totals when an item is sold
or transferred to another warehouse.
Users can also choose to reserve stock

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if desired.
The mobile app allows users to
track assets at any location, with the
ability to classify all assets into groups
and sub-groups if necessary. The app
is also compatible with an external
RFID reader that makes it easy to
scan a large number of assets into
EZOfficeInventory in seconds.
Users can also create professional
grade labels in a variety for formats
using the label designer which is
included in the application with users
able to process multiple bar codes on
a single page.
EZOfficeInventory is optimally
designed to track company assets
rather than retail or online sales, so
kitting, multiple pricing levels, manufacturing options or multiple valuation
options are not available, though item
bundling is available. The product does
offer a tool for easy asset grouping,
making it easy to check in and check

4.5

2019
OVERALL
RATING

Asset Panda includes a complete
user guide as well as easy access to
product help from anywhere in the
application. A searchable knowledgebase is available, and users can access
white papers, the Asset Panda Blog,
brief product videos and FAQs directly
from the vendor's website. Product
support is available during regular
business hours, with both toll-free
telephone support and email support
options offered.
Asset Panda pricing can be
obtained directly from the vendor upon
request, with interested parties able
to request a free 14- day trial, which
can be updated to a full subscription
if purchased.

Read the full review
for this product online at:
www.CPAPracticeAdvisor.com/
21078177

4.75

2019
OVERALL
RATING

out multiple assets simultaneously.
EZOfficeInventory offers three
plans to choose from: A la Carte, which
is designed for those that wish to create
a custom plan, and starts at $806.22
per year; Unlimited Users, which starts
at $1,620 per year; and Enterprise,
with supports for unlimited users on
a private cloud, with Enterprise level
pricing available from the vendor.
Users can also download a free, 15-day
version of the application to try out
prior to purchasing. All plans include
the Inventory Management module,
GPS, Mobile Apps, and Reports and
Analytics.

Read the full review
for this product online at:
www.CPAPracticeAdvisor.com/
21078176
http://www.assetpanda.com http://www.CPAPracticeAdvisor.com/21078177 http://www.EZOfficeInventory.com http://www.CPAPracticeAdvisor.com/21078176 http://www.CPAPracticeAdvisor.com
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