Production Asset Management, or PAM for short, was developed to streamline the multiple processes and phases that are involved in a media production workflow. PAM systems are largely focused on increasing the productivity of various production environments through services and features that control and monitor media across the whole content creation process.
Solving The Asset Tracking Issue of WildSpace TV
A video production company named “WildSpace TV” (Pseudonym) realized the necessity for an asset management system. As a film production firm, they usually need to move to remote locations to complete filming. Therefore, the shooting footage is captured and stored on hard drives. One copy is sent to the office for editing, while the second copy is stored somewhere as a backup in case any disaster arises. As no one is tracking the drives consistently, they have no idea who received which drive. The video production company have to manage hundreds of drives, and it is impossible to manually track them using spreadsheets. Hence, WildSpace TV realized that it would be beneficial for them to have an automated asset management system to get rid of this situation.
In addition, they have previously searched for an asset management system for solving asset tracking issue, but some modules, such as scheduling, were lacking. WildSpace TV also look for other alternatives, but none of the alternatives offer all the features they require. Moreover, one of the most significant problems they encountered was that the majority of softwares were not customizable, and hence could not meet their needs.
After continuous search, WildSpace TV reached out to CloudApper with their problem. They came to know about CloudApper Assets’ numerous useful features and realized that CloudApper has all the necessary features that they need.
What Are the Important Features of CloudApper Assets?
The following are key characteristics of CloudApper asset tracking software:
Schedule Maintenance
It might be challenging to recall which assets have been maintained and which have not when you have a large number of assets, so scheduling maintenance is helpful. With this program, you won’t have to worry about asset maintenance since it will schedule each asset’s maintenance on its own.
Tracking Maintenance
It’s simpler for the maintenance team’s task when they know which asset has undergone maintenance thanks to maintenance tracking. As they are informed of the necessity to maintain assets, they adapt their daily schedule as necessary. The reliability of the asset is increased and the breakdown is avoided. The danger of asset failure, which may be expensive as we all know, can be reduced with the help of this software.
As breakdowns are decreased and return on investment is increased, maintenance costs decrease.
Asset Monitoring
Asset management is essential for tracking assets and safeguarding businesses from loss and theft of assets. Asset theft has been the main problem for a very long time!
According to Newswire, between 2004 and 2014 businesses equipment, and vehicles valued at an estimated $51.2 million. Calculating ROI is also impacted by the pointless replacement of assets when they are lost by the business.
Assets aren’t always taken; occasionally, they’re just misplaced, which also leads to excessive expenditure.
Relevant Reports and Analytics
Some of the most crucial fundamental components are reports and analytics. Problems and pitfalls can be spotted with its help, and then information can be used to deal with and overcome those. Reports also aid businesses in making wise decisions.
Conclusion
It is safe to say that using spreadsheets, notebooks, or handwritten lists to manage your assets limits your access to a lot of features. Using asset management software will help your company stay competitive while saving a lot of time and money. It can also improve customer service and boost transparency within your business. Deploying asset management software has a cost, but you will see a return on your investment very fast – in months rather than years.
