Case Study: Belvedere Trading streamlines asset tracking and audit readiness with RedBeam Asset Tracking

Belvedere Trading - Customer Case Study

The customer, Belvedere Trading LLC, a proprietary trading firm, faced a significant challenge in tracking its corporate fixed assets. During a period of rapid growth, the company needed to implement controls for monitoring a wide array of equipment purchased by multiple people and deployed across several locations. They required a solution from a vendor like Redbeam that could easily tag new inventory and provide essential data for depreciation and audits.

Redbeam provided its Asset Tracking – Mobile Edition solution to address these needs. The results were highly effective: an initial inventory was completed in a week, and all asset information was centralized into a single, multi-user database. The solution scaled perfectly as the company grew from 70 to nearly 300 employees, and it provided crucial functionality for calculating depreciation and supplying audit information instantly, making the management team very happy with the decision.

Belvedere Trading

Kathleen Palenik

Accountant