Every new year brings in a legion of resolutions and changes in the hopes of creating a more efficient lifestyle. For enterprises, a fresh start could lie in choosing new systems and software to help manage daily tasks and activities. For example, choosing the right asset management software for an enterprise can be a harrowing task but is a necessity in monitoring assets within the company and can help save an enterprise time, money and effort.
Asset management is the process of maximizing the assets of the company to provide the best returns to stakeholders. Typically, it involves asset recovery as well. For businesses, asset management is extremely important as it can be used to get the maximum possible returns. And while considering asset management software is not the most interesting or easiest task, it is a task that requires great thought. Provided are six key aspects to consider when deciding on asset management software:
- Features – Prior to exploring asset management options, enterprises first need to identify what is important to the company. Asking yourself, ‘what features are a must for me?’ will help evaluate what type of software needs to be considered.
- Accessibility – Enterprises should aim to look for software that is user-friendly. Training employees is typically a costly process, therefore, having easy to use and intuitive software will help enterprises save time, money, and effort.
- Mobility – Having the ability to retrieve and update information quickly while on-the-go is essential for effective asset management. Therefore enterprises should look for software that has the proper mobile user interface.
- Scalability – Enterprises who might need custom functionality, should consider software and vendors that are scalable. In other words, flexible. Another aspect is to ensure is if the software has the ability to integrate with other systems. For example, an ERP software may have what enterprises need.
- Pricing – Make sure the basis of pricing makes sense for your use case and all future needs, The best asset management solutions offer pricing plans that scale up with the added value they provide. For example: the number of assets, the number of users, the features included, or the number of certain events. Enterprises should also be aware of the quality-price ratio.
- Support – Lastly, take into consideration the asset management software support model. Some options are ticketing systems, emails, phone calls, and cat. The quality of each depends on the software provider, but typically phone calls and chats provide the fastest answers.