4 Ways Free Asset Management Software Actually Costs You

When you're working in a small business, it's tempting to try and cut corners whenever possible. You might think free asset management software will be good enough for what your company needs. However, there are other ways in which a free program can end up costing your business.

Complimentary Asset Tracking Programs Require Someone Who is Technically Skilled

Using something like an Excel spreadsheet or a template might seem like it'll help your company, but unless you have someone who knows exactly what kind of technology and formulas your free option uses, you might not be able to institute your solution. Many spreadsheets require complicated formulas that can get messed up or give you incorrect data if you even have one mistake in your information. You might not even realize your data is wrong until something bad happens in your company.

Free Asset Management Software Takes Time to Learn

Even if the solution you've found is something you and your team can work around, you'll still need to spend a lot of time figuring out how the system works. These programs were not created with your industry in mind, so you might have to cobble together some strange workarounds in order to use your free asset management software. As a small business, you don't have time to waste on trying to figure out a software program that may not even do what you need it to do.

Software Available at No Charge Could Have Malware

Free downloads are one of the most common places hackers decide to hide malware. If you aren't careful, you could download something malicious and compromise all of your important business information. Depending on how connected everything is, this malware could affect every area of your company, and make it impossible for you to get back to work.

Free Software Is Difficult to Customize

Because these asset software programs were provided at no cost, it's going to be difficult to customize them to what your company needs. If you aren't happy with the way the software works, you won't be able to do something about it, because you didn't pay for it. Much of the technology available for free only exists as-is. If that specific program doesn't come with add-ons, then you'll just be out of luck.


Trying to save money is a sensible business move. But when it comes at the cost of sacrificing many other areas of your business, it's time to look at what's best for you and your employees.

Asset Panda helps address all of these issues and more. Our intuitive asset management solution is easy to use on any device. If you have any trouble figuring it out, you can contact our customer support staff, who will be happy to help you learn exactly what you need to know to make this platform work for you.

Our system helps a Chicago-based dog walking business keep track of their supplies and client keys. Before, they were relying on the free solution of using spreadsheets, which were not able to be updated in real time. This led to confusion and endangering client pet safety. Our platform enabled them to know exactly which dog walkers had which keys, so they would know their client's homes were protected.

Want to try out Asset Panda free before you commit? Take a free test run 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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