Top 5 Asset Tracking Companies - Reducing Asset Theft 

To meet the safety, reliability, and longevity of assets, businesses definitely can’t do without the best asset tracking software. Effective planning, monitoring, and management of assets not only helps increase operational efficiency; but also helps minimise risks of thefts, vandalism, and delayed shipment.

Emerging asset tracking companies are a stroke of good fortune for asset-intensive companies always worrying about safe asset haulage. Wondering, out in the pool, which ones are worth placing bets on?

Here are the 5 best asset tracking companies offering reliable and trusted asset management solutions to ensure asset safety throughout its transit.

Top 5 Best Asset Tracking Companies 2023

Following are the top companies offering 5 best asset tracking software:

1. Samsara

Samsara offers one of the best asset tracking software to meet the needs of large and small businesses. It offers weatherproofed GPS trackers as asset trackers that can withstand high-pressure power washing.

Their offers software system comes with alerts where managers get updated about:

• Geofence violations

• Asset turned on or off

• Total engine hours 

This lets managers ensure authorized usage of their assets and timely schedule maintenance. Plus, the asset tracking system generates auto-reports explaining asset utilisation, dormancy, or detention. To add to the comfort of fleet managers, Samara also offers asset tracking solutions through compatible mobile apps.

2. TrackoBit

TrackoBit is one of the renowned asset tracking companies that help track consignments, assets & equipment, and even employees, headed on a journey. The company harnesses the power of wireless technologies like GPS, video telematics, GSM, sensors, and IoT to collect real-time locational data of the company’s assets to ensure safety and longevity.

They offer complete asset management solutions inclusive of 24*7, live tracking in multi-modal logistics, route planning and optimisation, and automatic & instant alerts for custom scenarios. Their software allows asset owners to select notification alert type for custom scenarios like:

• When an asset deviates from the assigned route

• Equipment staying idle for very long

• Vehicle ignition turned on and off

Besides this, their asset tracking system provides auto-report generation, either consignment-wise or vehicle-wise, detailing asset activity with geospatial insights. Trusted by multiple industries like healthcare, logistics, FMCG, agriculture, construction, and mining.

Read Blog: What Is Asset Tracking? Importance, Benefits & How It Works

3. Tenna

Tenna is one of the revolutionary asset tracking companies dealing in equipment fleet operations. They offer reliable tracking solutions to get clear-cut visibility from the machine to the project — across construction sites. 

Their solutions help businesses with mixed fleet gain a competitive edge with actionable data, predictive location tracking, and reporting. They deploy class-leading GPS tracking, cellular, Bluetooth, and QR technologies to ensure the accountability and productivity of every equipment.

Their expertise lies in the construction industry, thus their tracking solutions are catered mainly around it.

4. UpKeep

UpKeep’s asset management software helps provide real-time insights into asset performance to optimise asset lifespan. Its mobile-first design is made for a dispersed workforce including operations, reliability, and management teams. 

Their solutions reduce the need for manual data entry which helps reduce clerical errors and boost operational efficiency. Industry folks trust this name as it:

• Helps optimise asset utilisation

• Improves maintenance planning and prevents downtime

• Enhances compliance

5. Asset Tiger

Asset Tiger offers robust asset tracking solutions including barcodes and QR codes for organisations with small or medium-sized assets. They do not offer GPS tracking solutions as of now. The company offers best-in-industry heatproof trackers tolerant to temperatures as high as 1,000° F. A good option for assets like fleet or cargos with prolonged movement across hot climatic regions. The software system offers options to set custom email reminders for scenarios like:

• Regular maintenance needs.

• Contracts or licenses that need renewal.

• Assets that are past due.

Their asset tracking system is suitable for offices, schools, or bike rental locations. The best thing is, it offers free services for the first 250 assets. After surpassing 250 assets, users will have to invest in the small annual payment plan.

Choose The One That Fits Your Needs & Bill

Before you think through and select from the above best asset tracking software, make sure to look through your requirements.

• Understand your asset tracking needs. Discover the types of assets you need tracking solutions for. Is it vehicles, equipment, inventory, or IT assets?

• What’s the scale of your operation? Are you a small business with limited assets or a big enterprise with complex tracking needs?

• Identify features and functionalities you require, like real-time tracking in multi-modal journeys, analytical reporting, custom alerts, route optimisation, and integration capabilities.

Once you are sure with whom you need to collaborate, ask for upfront costs and their adherence to data security protocols.

Related Blog: What is Consignment and Asset Tracking?