As financial, regulatory compliance and internal control needs arise, organizations often use barcodes systems or manual spreadsheets to audit and manage their assets and/or stock levels. Both barcode tracking and spreadsheets require coordinators to manually collect and record data on item’s quantity, description, location and status (etc.), which may lead to an expensive, time-consuming and inaccurate inventory procedure. Our Cube Assets management software creates a dashboard that works with a system of active or passive RFID Tags and Readers (Fixed or Handheld) to streamline tracking and digital reporting of assets – which has easy integration with enterprise systems (ERP) like SAP, Oracle, IBM Maximo (etc.).

A system of RFID Tags, Readers (with our Mobile APP) and management dashboard allows multiple items to be scanned at the same time, and thus, featuring a faster and streamlined inventory process – up to 98% more accurate data when compared to barcoding -, which improves financial oversight, regulatory and risk management. Not only the RFID tracking of assets speeds up asset audits and increases accuracy of data, but it also provides real-time monitoring of the assets. Other benefits include real-time tracking of assets, automated inventory reconciliation process, custom digital reports of inventory data (etc.).