What users are saying about

Asset Panda

3 Ratings

Asset Panda

3 Ratings
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Score 9.2 out of 101

BarCloud Stock

1 Ratings
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Score 1 out of 101

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Likelihood to Recommend

Asset Panda

Asset Panda is good for a non profit because you can add any categories to the asset such as funding source, check number, or anything else you may need to track for grant purposes. It calculates straight line depreciation so if you are using a more complex depreciation method it will not calculate this for you.
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BarCloud Stock

I do not see how this is suited for anyone needing to track inventory coming in and going out. FIFO is completely unusable because the system can handle price changes from suppliers. The price change is applied to all past sales orders and items even if they are no longer in stock. In the Con examples I gave [below] you can see how many problems we have had with this system.
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Pros

  • It is great for a non profit organization because you can add any columns you need to the asset. For example, I have added a funding source column to sort different grants that have paid for our assets.
  • Asset Panda provides the depreciation calculation for you.
  • The software is easy to maneuver. It can be easily searched and sorted by type of asset/date or any category you create.
  • You can add and track non depreciable items as well. Reports can be ran for just depreciable assets when needed so this will not interfere with you depreciable asset listing.
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  • Barcloud is really easy to use from multiple locations with multiple login potential.
  • Allows outlying locations to see what we have in stock without seeing in person.
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Cons

  • When entering dates, the first available date is 2005. If you have assets that predate this, you cannot enter an accurate date. This also interferes with you depreciation in the software.
  • We tag all products with an ID number. However we started also adding bar code tags. Since they were both considered an asset IDs, we lost some of ID numbers when we scanned the bar codes. It was too easy to loose data.
  • I use straight line depreciation so this product is perfect for our company; however, if you added other depreciation methods that may attract more customers.
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  • The sales orders get "lost" in the system. This makes it so we are unable to issue them to take the items out of stock.
  • The FIFO option does not work and has never worked in the year we have used the program.
  • When price changes occur the system changes all the past sales orders to reflect the price change. this makes balancing the $ of inventory a nightmare.
  • Items that have issued before become unavailable to issue because of system hiccups.
  • The inventory count never matches the physical count because of system hiccups with issuing items.
  • System unusable for tracking actual inventory counts.
  • If the item has to be moved to a different inventory location (shelf change) the system crashes and deletes the entire history of the product.
  • Customer Service for BarCloud is left to be desired. They take weeks to get back to you about a problem and even then their answer is always we are not sure why the system it is doing that.
  • The price is unimaginably high for the product service and problems that the system has.
  • All of our Sales orders from 2016 to now have been undone. This caused us to show in BarCloud that our stock contains everything we ordered for the entire year and we have sold $0.
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Alternatives Considered

Asset Panda is great for fixed assets or small businesses. I have also used inventory in a retail environment where product coming in and out need to be tracked. I wouldn't recommend it for an extremely high volume business.
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Return on Investment

  • I use this software for a non profit so there is no return on investment. However, it has helped us with grant reporting. Some grants need us to track assets and depreciation that their funds purchased and this software has been very helpful.
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  • We have had 0 return on investment and we are currently switching to a different inventory system. BarCloud has caused us to lose money from all the hours we have had to spend fixing the inventory count and having to do physical counts every week to know what we actually have on hand.
  • Caused more headaches than help.
  • Positive point: We learned that the more expensive system that is web based does not mean they are a better program or will have better customer service.
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Pricing Details

Asset Panda

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
Additional Pricing Details

BarCloud Stock

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
Additional Pricing Details