The Need: Affordable Asset Monitoring for Thousands of Pieces of Equipment
Srei BNP Paribas, a joint venture between Srei Infrastructure Finance Ltd and BNP Paribas Leasing, has tens of thousands of pieces of leased equipment across India. The company is India’s leading, and only, private non-financial sector provider of infrastructure financing.
Risk mitigation is a critical concern for equipment leasing companies like Srei BNP Paribas. They needed an asset monitoring solution to help them address a variety of concerns including better management of leased equipment. They wanted real-time data on the location of all the equipment for security purposes — and a monitoring solution that would work with their existing asset management systems.
The Solution: Pay-as-you-go Devices with Real-time Data Access
Roambee provided extra-rugged portable tracking devices (""Bees"") with long battery life, capable of GPS and cellular triangulation across multiple providers. A Roambee web portal enables the company to obtain not only daily location data but also geo-fence check-in and checkout alerts. Roambee's analytics have enabled the leasing company to spot under-utilized assets and anticipate risk of customer default.
The business model for the solution requires no capital investment. Monthly fees are based on agreed-upon information to be provided for each asset.
Roambee's asset monitoring services enable companies like Srei BNP Paribas to maintain real-time visibility of an enormous numbers of assets. By providing data on unauthorized movement, they enable companies to streamline asset management and prevent theft. Roambee's next-generation technology and pay-as-you-go business model make asset monitoring flexible and affordable.