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Jefferson Financial Federal Credit Union improves asset tracking with Track5000s

With humble beginnings starting out on the second story of a florist shop in 1966, Jefferson Financial Credit Union has grown into a $489 million full-service financial institution serving over 40,000 members in 13 locations across the state of Louisiana.

 

From an Accounting perspective, we can maintain our books accurately; from a security standpoint, we can confirm the location of assets; operationally, the system provides us with a bird's eye view of our physical equipment

 




Jefferson Financial had been tracking assets using high-maintenance spreadsheets that demanded constant communication between the accounting and IT departments. The plan to implement a fixed asset tracking system was postponed year after year; however, with a merger that added five additional branches and their related fixed assets, the plan to implement a system once again gained steam.

After evaluating leading fixed asset tracking systems, Jefferson Financial’s team implemented Real Asset Management’s Track5000s. According to the organization’s CFO, Casey Kucera, “Track5000s was selected because it was reasonably-priced, scalable, user-friendly, and web-based with minimal hardware requirements. From an Accounting perspective, we can maintain our books accurately; from a security standpoint, we can confirm the location of assets; operationally, the system provides us with a bird's eye view of our physical equipment.”

Jefferson Financial uses the Track5000s mobile asset tracking system and barcodes to monitor numerous critical hardware assets. The new system has simplified asset audits and has led to better visibility and a more secure asset base. According to Kucera, Track5000s gives us the means to more effectively audit inventory and deployed assets whenever we wish and provides a centralized system that multiple departments can access. This has improved the security of our physical assets and saved us a considerable amount of time.”