Asset management software solutions are a must-have in small to large-scale organizations. They enable companies to efficiently manage assets right from their time of acquisition until they are disposed off.
There are many types of asset tracking solutions in the market. Each of them is different from the other, and narrowing down on one can be overwhelming. That is why we’ve put together a few essential factors to look for before buying it. In this article, we walk you through how to choose the right asset management software for your business requirements.
Features
Let’s begin with what features you must look for. It is important to note that having many features doesn’t equal a great software solution. What matters more is having the right features that suit your asset management needs. Here are some essential features effective asset management software solutions provide:
- Connectivity with barcode scanners, NFC, and RFID tags.
- Notifications and reminders.
- Custom reports generation module.
- Preventative maintenance scheduling.
- Asset transfer module.
- Export asset data function.
- Settings for setting up asset categories.
Usability
Asset management solutions should save you plenty of time in overseeing your company’s resources. If using the software is consuming more time than it did when you did not have it, then it defeats the purpose of the investment.
An easy-to-use interface must support all the features your asset tracking system provides. Only then will you be able to navigate around the software and use its features with a few clicks of a button. A powerful asset management software solution offers ease of usability.
Support
Although robust asset tracking solutions claim to be free from any technical bugs, there is a small chance you may run into them. Whether the software has glitches, or you’re facing difficulties in using certain parts of the application, you will need assistance. And during that time, the quality of the software vendor’s customer support matters.
Make sure your vendor is quick to troubleshoot software-related problems. Looking for this trait in your asset tracking solution’s vendor can save you a lot of potential downtime in the future.
Security
Asset tracking software solutions accumulate a large amount of asset data over time. They contain details like when your assets were purchased, when they are due for maintenance, license documents, warranty, insurance information, and more. Safeguarding all of this information from hacks, malware and other forms of cyber threats is crucial. For that reason, you must ensure that the software you are about to buy has robust security layers.
Cloud-enabled
Finally, a must-have technology in modern asset tracking solutions is cloud compatibility. Long gone are the days when asset managers had access to software solutions only on office computers. With a cloud-based asset management system, you can access your asset data from anywhere at any time. Furthermore, cloud-based software solutions create regular backup copies of your data on the cloud.
So besides having excellent software security, you also have the option to restore your data at any point in time.
Wrapping up
Asset management software solutions are rewarding investments. They help cut down unnecessary costs, boost productivity and enhance profit margins. However, not all software solutions in the market are built to achieve those goals.
Investing in the wrong asset tracking solution is an extremely costly mistake. By considering the factors mentioned in this article, you will be able to make an informed buying decision.
If you’re looking for an exceptional enterprise asset management software solution, then I highly recommend SmartAMS. It is fast, reliable, robust, powerful, and loaded with industry-leading asset management features. Enhance the prospects of your assets and grow your business to new heights.
