When it comes right down to it, business is about making money. All the decisions you make relate to helping your company create more profit. So, it makes sense that you might search for a free asset management solution. You want to make a profit, and cutting back on your expenses seems like a straightforward way to do exactly that.
However, trying to save money by going for a free option can actually end up costing you money in the long run. If you implement a system that is difficult to maintain and isn’t easy to use, your team will spend more time trying to figure out how to use the “free solution” than they would have spent on a software you had bought. That directly translates into lost wages, which ends up costing you money.
When your employees aren’t productive, you lose out on potential profit. And making their job more complicated only increases the chances of mistakes and problems later down the line. Sometimes, you have to make an investment up front in order to save time and increase work productivity. Deciding to pay for an asset management solution can be a good way to invest in employee efficiency and often ends up increasing your profits in the long run.
Why Do Free Asset Management Solutions Cost You Money?
The biggest way free asset-tracking systems cost you money is by costing you working time. These systems are often outdated and don’t include the latest industry standards or requirements. Most free solutions come in the form of templates or spreadsheets, which are not the best option when it comes to managing your assets. Spreadsheets are full of complicated formulas that most people don’t understand, and it’s easy to make mistakes when putting in new information.
Small mistakes can end up costing your company big. One misplaced zero early in the process can mean the difference between continuing to function and needing to file for bankruptcy. Because many of your assets require a large investment to obtain, you want to make the most of them. You can’t afford to lose track of your assets, and you need to have accurate information on hand.
Tracking your assets shouldn’t be complicated, and it shouldn’t take a lot of time. Asset Panda offers an affordable way for your company to stay on top of your asset-tracking needs. Our customized mobile app makes it easy for you to provide an intuitive free asset management solution to all your employees. Whether they’re out on the inventory floor or meeting with a client, your team members can access your asset database to see what is going on in the company in real time.
Asset Panda wants to help your business succeed. We created our platform to make it easy for your company to track valuable assets in a way that increases productivity and leads to more profit overall. Team Gleason uses Asset Panda to save time when they are trying to find specific information. Our platform makes it possible for them to streamline their inventory-tracking process and save hours, which in turn helps them save money.
Want to see how Asset Panda can help you make the most of your assets? Take a free guided tour today!