6 Features You Must Have in an Inventory and Asset Management Software

Finding a good system for inventory and asset management can be difficult. You have to find a system that works in a way that's beneficial to your team, cost-effective to implement, and easy to use. Here are some features you'll want to look for when you are shopping for inventory and asset management software.

Easily Configurable

Having a software that takes a long time to learn and is hard to configure can sometimes be worse than not having a software at all. You need a software that will change and provide fields that will benefit your company. If your program won't do what you need it to do, then what's the point of buying it in the first place? There are a variety of options when it comes to inventory and asset software, so you shouldn't have to settle for something sub-par.

Multiple Users Supported

All of your team needs to be able to access asset and inventory records. If only one person can use the system, your company will experience a serious bottleneck that could threaten the well-being of everyone involved. Multiple users on a system make it easier for your workers to access any and all information about your assets and inventory. This will help them see when items or running low, or when certain assets are being used at different locations.

Mobile Compatible

Needing to use separate hardware to update and access your inventory and asset records can be cumbersome and problematic. Most of your team members carry mobile devices with them at all times. Why not take advantage of that to give them access to relevant information when they're out on the field? Mobile support helps your team efficiently maintain and access data and keep your company running smoothly, and makes your inventory and asset management system more reliable.

Maintenance Scheduling

Equipment breaks down, and machines stop working. You need to be able to send in a request for asset maintenance so your team can keep working. Having a scheduling feature allows you to find the least disruptive time to have your assets looked at and maintained to prevent the need for emergency repairs.

Cloud Support

No matter how much we might try to prepare for them, accidents happen. Natural disasters hit, and we can be left scrambling in the wake of them. Or computers fail, taking valuable data with them. Getting your information backed up to the cloud means you don't have to worry about recovery should an emergency strike your company. Once you get your feet back on the ground, you can get the information back from the cloud and get back to business.

Other Features Your Company Needs

The most important features in an inventory and asset management program are the ones that will most benefit your business. Do your workers use a check in/check out feature when acquiring assets to do their job? Do you need to tag your inventory in a specific way? Whatever solutions your company requires to work at optimal efficiency, you should make sure that your software comes equipped with those features.


Asset Panda was created with all of these features in mind and more. We know that each company has different management needs, so we designed several modules to compliment our base program. And with 24/7 customer support, you'll be sure to fix whatever problems arise, day or night.

A Toronto-based photography studio, Banga used Asset Panda to make keeping track of their photography equipment easier and save time in the process. Check out their testimonial on our YouTube channel!



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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