TRAXX vs Asset Panda
Asset Panda is a flexible, configurable asset-tracking platform built for the US market. But Indian statutory compliance — Schedule II depreciation, CARO 2020 reporting, STPI/SEZ evidence — isn't a configuration option. It has to be built in. That's TRAXX.
Configurable Tracking, US-First
Texas-based cloud platform known for flexible, configurable asset tracking — mobile barcode scanning, custom fields and workflows, unlimited-user pricing. Strong in US education, healthcare, and IT tracking.
Built for Indian Statutory Reality
Full-lifecycle EAM with the India compliance stack built in — plus our own on-site VTR verification teams. Serving Fortune 500 industrials since 1999; 60+ staff embedded at global business-services centres.
"Configurable" doesn't mean "compliant"
You can add custom fields to any tracking tool. You cannot configure your way to Schedule II component depreciation, CARO 2020 physical-verification evidence, or an STPI bond register. Indian statutory compliance is an engine, not a field.
Depreciation is law, not math
Companies Act Schedule II useful lives, IndAS 16 component accounting, parallel IFRS books for foreign parents — TRAXX computes these natively. A US tracking platform leaves all of it to your ERP or your CA firm.
Auditors want evidence, not exports
CARO 2020 asks whether fixed assets were physically verified at reasonable intervals. TRAXX delivers verification certificates, reconciliation statements, and discrepancy reports from our own VTR teams — auditor-ready.
Same time zone, same deadline
When the statutory audit is two weeks away, you need implementation and support that works on IST and understands Indian audit practice — not a ticket queue answered from another continent.
Feature-by-feature
| Capability | Asset Panda | TRAXX |
|---|---|---|
| Barcode / QR scanning | ✓ | ✓ + RFID |
| Custom fields & workflows | ✓ Highly configurable | ✓ |
| Check-in / check-out & assignment | ✓ | ✓ |
| Maintenance tracking | ✓ | ✓ Preventive scheduling + AMC |
| Depreciation — Companies Act Schedule II | ✗ | ✓ |
| Depreciation — IndAS 16 / IFRS parallel books | ✗ | ✓ |
| Component accounting & useful-life revisions | ✗ | ✓ |
| CARO 2020 evidence pack | ✗ | ✓ |
| SOX / internal-controls evidence | — | ✓ |
| STPI / SEZ compliance reports | ✗ | ✓ |
| On-site physical verification services (India) | ✗ | ✓ Own VTR teams |
| Inter-location transfer & gatepass | — | ✓ |
| Disposal & retirement workflow | — | ✓ |
| India-based implementation & support | ✗ | ✓ IST, on-site |
| Pricing currency | USD | INR |
Comparison based on publicly available product information as of June 2026. Verify current capabilities with each vendor.
Pick the right one for your business
Pick Asset Panda if
- → Your operations and audit requirements are US-centric
- → You need a highly configurable tracker for IT or equipment check-outs
- → Statutory depreciation lives entirely in your ERP
- → Unlimited-user pricing fits a large casual-user base
Pick TRAXX if
- ✓ You file under the Companies Act and answer to Indian statutory auditors
- ✓ You need Schedule II / IndAS 16 depreciation without ERP gymnastics
- ✓ CARO 2020 physical verification is on this year's audit plan
- ✓ You operate STPI / SEZ units with bond registers to maintain
- ✓ You want verification done by professional teams on IST
Evaluating Asset Panda?
See TRAXX side-by-side in 30 minutes
Walk through the India-compliance gaps on your checklist — depreciation, CARO evidence, and physical verification — tailored to your audit calendar.
Book a Free Comparison Demo →Trusted across industrial manufacturing, global business services, retail, banking & financial services, and logistics — 500+ enterprises across 7 countries. Ask for a reference in your industry →
Comparing TRAXX and Asset Panda?
30-minute personalized walkthrough — statutory depreciation, VTR verification, and India compliance, mapped to your requirements.
Built where your auditors are
See Schedule II depreciation, CARO 2020 evidence, and VTR physical verification in action — on IST.