Why Free Asset Inventory Software Can Be a Bad Idea

As your company gets bigger, you may need to institute new processes to make sure everything continues to run smoothly. One of the common management systems that many businesses look into when they start expanding is free asset inventory software.

If you've never used a designated asset or inventory management system, that sounds appealing. However, when it comes to managing your assets, “free” isn't actually free. You'll encounter some serious downsides your team must consider before going with the free option.

Here are a few mistaken beliefs companies hold when they choose a free asset tracking system.

Free Asset Inventory Software Costs Less

With the overall cost of being free, this solution can be incredibly appealing. However, while the program itself might not require you to spend money, the consequences of using it could cost you more than you'll ever save. Free solutions are cumbersome and subject to mistakes. Errors in your asset data will give you the wrong numbers and cause you to make purchasing decisions based on incorrect information. Whether you end up buying too much inventory or not enough, either situation will cost you big time.

Paid Tracking Software Is Too Hard to Use

Many managers are hesitant to implement an inventory system due to the difficulty of learning a new software. Not only do they have to figure out how to use the software themselves, but they also have to teach their team how to use it. Depending on the size of the team, this could be a nearly impossible task. However, the right software will be designed with ease of use in mind.

Paid Asset Inventory Tracking Solutions Take Too Much Time

Along with putting in the effort to learn the ins and outs of a new system, implementing a new program in any department costs a great deal of time. You have to find a time that won't cut into peak work hours and take your employees away from doing tasks that create profit in order to train them on how to use free asset inventory software. Well-designed software programs are supported by customer service teams who will help you learn the software and save time.

Free Tracking Software Programs Are Good Enough

Because free software is easy to obtain, many companies will try to make do with what they can find on the internet. However, many of these programs lack key features that will make your inventory management more efficient. If you need a feature that isn't included in the free version, you're out of luck. Inefficient systems should be avoided at all costs.

Asset Panda created an asset and inventory tracking software that is easy to use and implement. Our customer support team will help you get started and save time so you can get back to work. The platform's user interface was designed to be intuitive, so you don't have to spend a lot of effort figuring out how it works.

One of our clients is a research facility that needs to track their research and geology equipment. They use Asset Panda to track their items as they go from site to site and record asset usage trends. They were also able to prepare for and track weekly inspections and learn what they needed to improve for the next one.


Want to see how Asset Panda works? Take a free guided tour today!


Bree Brouwer

Bree has held plenty of media- and marketing-related jobs over the years now, like working as a PR and marketing assistant to a Hollywood screenwriting coach, and writing content for three different digital marketing agencies.

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