Choosing the Best Asset Management Software

The best asset management software takes a mobile-first approach. Even before the global pandemic reshaped how many of us think about work, mobility was increasingly becoming non-negotiable. You’d be hard-pressed these days to find a company, organization, or industry with an existence that is based solely within the confines of an office. Employees brought their laptops home at night. They were tethered to their smartphones, for better or worse, scanning emails and text messages at all hours – well beyond the traditional workday. For those companies maintaining an international presence, mobility has allowed employees to communicate seamlessly and across time zones without waiting until the next shift’s workday begins.

How IoT Changes the Game

And, of course, the number of fixed assets that require tracking has grown as the number of IoT (Internet of Things)-enabled devices continues to increase. If IoT allows our devices to communicate with each other in real-time, then we need to be able to access our data in real-time.

“There are literally billions of indoor assets that need to be tracked in real-time to optimize processes and reduce costs,” says Chris Wiegand in a blog for IBM.com (“Top 5 trends shaping the future of enterprise asset tracking; Aug. 1, 2017). “The learnings made available from real-time data capture can have a significant impact on the way organizations function. Visually tracking the movement of assets in real-time can also translate to huge cost savings by maximizing asset scheduling and reducing equipment theft, loss, and hoarding.” 

The ability to track that real-time data from anywhere you happen to be – and at any time – is a huge game-changer. It saves significant time and allows employees to focus on other priorities. Employees also can pinpoint issues much faster, thus avoiding interruptions in productivity and preventing expensive repairs or replacements.

Features to Look for in Fixed Asset Management Software

Customization and flexibility are vital components of the best asset management software. It stands to reason that, since no two companies are the same, the best asset management software takes a personalized approach, allowing organizations to track and manage their fixed assets any way they want. Mobility may also facilitate more widespread use among fixed asset stakeholders depending on the asset management software. That’s key because accountability and accuracy benefit when stakeholders are in the communication loop.

Real-time data also makes fixed asset audits much easier and more accurate. Audits identify the presence of any ghost assets, as well as discrepancies in record-keeping. The data helps project managers prepare for assignments, determine when additional fixed assets are needed, locate those assets and, subsequently, avoid disruptions. The best asset management software allows users to set up alerts, so they don’t overlook preventive maintenance, which is key to maximizing the respective lifespans of fixed assets. If employees encounter issues with a fixed asset, a mobile asset tracking app may give them access to work order forms to submit requests on the spot.

Asset Panda's Fixed Asset Management Software

Asset Panda is the best asset management software on the market today for its ease of use, mobility, robust and customizable features, versatility, and price point. 

With a built-in scanner, Asset Panda offers an all-in-one solution to asset tracking that requires no special training to use. Customers are entitled to an unlimited number of users, so they can bring every stakeholder into the conversation and reduce or even eliminate waste, loss, and theft.

Give Asset Panda's asset management software a try with a free 14-day trial (no credit card required)! You’ll receive full access to user guides, video tutorials, free mobile apps, and call-in and live chat support from our excellent Asset Panda support team.