ToolHound Asset Tracking System Offers Direct Pipeline to Savings for Oil and Gas Management Company

EDMONTON, Alberta - July 31, 2013 - PRLog -- ToolHound Inc (http://www.toolhound.com/)., a global supplier of tool management systems, is delivering improved accountability and investment security for FT Services (http://www.ftsgroup.com/) (FTS), a provider of best-in-class industrial asset management and maintenance services across Canada, specializing in the oil and gas industry. FTS relies on the ToolHound equipment tracking system to help manage a tool and equipment inventory valued at more than 10 million dollars.

The ToolHound OnSite application and database is used by FTS to track and manage tools and equipment in nine tool cribs at job sites throughout Alberta. FTS uses ToolHound for real-time tracking of all the company’s small hand tools, as well as larger, more valuable assets such as lift trucks, spreaders, high torque equipment, storage containers and trailers.

“When you have 2,500 employees checking out tools, writing it all down on paper doesn’t work. With ToolHound, we are able to track all of our tools in and out of the tool cribs, and track them from site to site,” said Matt Faulks, equipment and tool crib supervisor for FTS. “I can access the web-based system from anywhere to track where items are located, recover lost tools, manage regular equipment maintenance, and account for losses.”

Investment Preservation

Although FTS has been using ToolHound since 2008, the company recently expanded their use of the application to include the equipment rental module. This allows FTS to automatically maintain rental charges and expenses for equipment assets that are contracted out to customer facilities they are managing, helping to preserve corporate investments.

“The powerful database offered by ToolHound is key to helping FTS track a large volume of tools located at multiple job sites, saving time, improving productivity and increasing accountability,” said Dean Perry, president of ToolHound. "By tracking equipment rentals, FTS also can facilitate billing and more easily evaluate their return on investment.”

FTS equipment supervisor Faulks adds that the ToolHound system has proven to be reliable. “If something does go wrong, it’s usually because the network is down,” said Faulks. “When that happens, ToolHound technical support will step in to help fix things; even working directly with our IT department to get the system running again.”

About ToolHound

Since 1985, ToolHound systems have been deployed by companies of all sizes across a variety of industries, including construction, power generation, chemical processing, mining and jobsite tool and equipment services. Specializing in personalized technical support with on-site training and installation expertise, ToolHound offers a  comprehensive portfolio of tool and equipment management solutions including Cloud hosting and customer controlled hosting with ToolHound OnSite (http://www.toolhound.com/Toolhound-OnSite/toolhound-onsit...) and SecureCrib featuring wireless, RFID and barcode technology.

For more information about ToolHound Tool and Equipment Tracking, call (800) 387-8665, or visit the company's website at www.ToolHound.com.