Case Study: Banque Libano-Francaise achieves full branch inventories in one day with BarCloud by ASAP Systems

ASAP Systems RFID-Enabled Asset Tracking System Chosen to Help Leading Bank Inventory Thousands of Fixed Assets

Banque Libano-Francaise (BLF), a leading Lebanese bank with $10.2 billion in capital assets and fifty branches, faced a time-consuming, labor-intensive challenge: performing physical inventories of 500+ fixed assets per branch using a barcode system that required staff to scan items one-by-one and disrupted customers and employees.

ASAP Systems implemented an RFID-enabled asset tracking solution with Motorola handheld scanners and BarCloud/Passport software, letting staff scan entire rooms at once, generate on-site discrepancy reports, and export/share findings easily. The bank now completes inventories in one day (1/10 the previous time), uses one-third the staff, expects 95% accuracy in year one, anticipates a 70% drop in losses/thefts, and projects ROI within two years.

Banque Libano Francaise

Gabriel Rizk

Head of General Services