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How to Select Asset Tracking Software?

07 September 2020

How to Select Asset Tracking Software?

The importance of having an asset tracking software cannot be emphasised enough. They allow for easier tracking of business assets that an organisation is dependent upon. The list of assets can include machinery, IT devices, equipment, or even internally developed software. Tracking software helps in delivering a quantifiable record of all your assets and also allows for their physical monitoring. Implementing an asset tracking and management system will assist managers and business owners in getting real-time updates of the assets and allow them to schedule maintenance at the right time.

The benefits of tracking software for a business are many; they not only help in maintaining the quality of the assets but also contributes to enhancing workforce performance and efficiency. Today, the surging demand for streamlining business assets has led to the development of tracking software by some of the top IT companies in the world. Though options are many, choosing the right software is extremely important. Here are a few tips that will help you select the best asset tracking software for your business –

⦁ Be Clear with Your Objectives

This is one of the first things to consider while choosing an asset tracking system because tracking software is designed with various features and it is only fair that you chose one that best suits your business requirements. Note down your short-term and long-term objectives for your business that can be done with the help of asset management and tracking tools. Only once you are clear about the goals you wish to achieve should you start searching for tracking software that can help you achieve those objectives easily.

⦁Easy to Use Interface

Another thing that you must keep in mind is that the asset tracking system should be easy to use and understand. The main aim of using this software is to allow your workforce a hassle-free way of managing business assets. The software that you choose should be user-friendly and easy to understand. You should also remember that the implementation of any new software will need training for your employees and complicated software will lead to your having to spend extra time, and sometimes, even extra money. However, user-friendly asset tracking software saves you and your workforce from losing any time and money.

⦁Mobile Application

Having tracking software that can easily be installed into your mobile phone as an app or can be accessed using mobile devices is a bonus point. A suitable asset management software with asset tracking capabilities allows for managing and organising your business assets, and for the best efficiency, you need to be able to access it at any time and from anywhere. That is when mobile access or a mobile app will prove to be very useful.

Other than these, when you are selecting an asset tracking software, you should also go through its reviews and ratings from users to get a better idea of how the software works. The operating system requirements, scalability options, and price are some other factors that you should consider.

GartnerMagic Quadrant for EST Software

Check out the new 2017 Gartner Report and see why IBM has been named a leader in Gartner Magic Quadrant for Enterprise Asset Management Software.

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