The Right Questions, The Right Answers: What to Ask When Purchasing Asset Tracking Software

Asset management software, which allows companies to monitor and track their physical and digital resources, is the best way for companies to work more efficiently. But to be truly effective, such software needs to integrate seamlessly with your day-to-day workflow. Choosing the right asset management software is about considering your business’s specific needs and asking software vendors the right questions about how their product will work with your process. Only then can you make sure you end up with the best fit.

Too many companies spend years trying to force an inflexible Excel spreadsheet to fit into the role of asset management software, or worse, years of illegible pen and paper records. According to reporting by the business mentoring service Score, fewer than half of businesses use asset management software; a majority (55 percent) of small businesses either track assets by hand with unreliable pen and paper records or don’t track their assets at all.

Why can’t Excel spreadsheets work as a cheap alternative? Because to keep accurate records; people need more guidance than that. According to a study published in the Journal of End User Computing, humans make regular errors while working in standard spreadsheets 88 percent of the time, no matter how hard they try.

The solution is to find an asset tracking software that fits your company’s needs. However, trying to find an asset tracking software is easier said than done. This whitepaper will guide you through the process of selecting the software that best suits your business by asking smart questions.