FINANCIAL SERVICES ASSET TRACKING USING RFID

Financial institutions are implementing Asset Tracking systems using RFID to help them track a variety of different assets including severs, laptops, hard drives, furniture, files, and to ensure that they are operating in compliance with financial regulations. RFID technology allows financial service companies to automate their fixed asset tracking and increase the visibility of their capital equipment.

Many enterprises use time-consuming methods, such as pencil and paper or barcode processes, to track assets. As the company grows, so do the number of capital assets. Physical inventories become labor-intensive and are prone to human error. Using asset tracking systems that utilize RFID can automate the physical inventory process, removing human error and increasing efficiency. As a result, financial enterprises can manage assets more efficiently, and accurately report asset inventories in a timely manner.