XiltriX Asset Management Implementation Case Study

This case study outlines the implementation of Wasp Asset by XiltriX, a life sciences environmental monitoring company. Prior to adopting Wasp Asset, XiltriX relied on QuickBooks and Excel for tracking asset locations and depreciation, which was a labor-intensive and error-prone process. The company identified the need for a centralized system to efficiently manage assets by location and automate depreciation calculations. After evaluating various options, Ashley Cheng, Director of Finance and Quality, selected Wasp Asset to meet their requirements. The implementation allowed the Operations and Finance teams to manage approximately 22,000 assets across 90 locations, including furniture and IT equipment. The training provided by Wasp software experts facilitated a smooth transition, eliminating the need for manual calculations and spreadsheets. Cheng noted significant benefits, including time savings and improved ease of information retrieval, and expressed a willingness to recommend Wasp Asset for its reporting capabilities and depreciation tracking features.