Asset Management Software - Choose the Right System

Assets are items, things, or entities that have actual or potential value to the company. Asset management coordinates the company's activity to realize value from assets. It includes the balancing of costs, risks, and opportunities against the desirable performance of assets. For achieving the objectives, this balancing should be considered through different timeframes.

Assets are an integral part of any business, and it means that effective asset management is one of the main keys to business success. So, it is not surprising, that organizations from small businesses to huge companies in every possible way try to find an efficient asset management system that, first, is based on modern software technologies and, second, best meets the company’s business requirements.

Asset managers need to make the right decisions that will allow optimizing the delivery of value from assets. A common objective of most companies is minimizing the costs of the assets, but there are other decisive factors such as risk, that should be considered in the making decision.

• Increase the company's efficiency 
• Lower maintenance costs 
• Reduce unplanned downtime 
• Improve making the right decisions 
• Enable extending the asset life 
• Maximize the return on assets

• Is asset management important for your company?
• Who in your company will take care of asset management?
• Why is your company looking at the asset management system?
• What are you going to track?
• What is your long-term plan for asset management?
• What are your expectations from the computerized asset management system?
• Do you expect the vendor's help in implementing the software solution into your organization?
• Have you defined your company’s basic technological needs?
• Have you defined the critical features your company requires?
• Have you defined your budget?
• Are you expecting customization from the asset management system? How customizable should it be?
• Do you need the asset management system will integrate with other software systems used by your company?
• Will your staff need special training or consultations from the vendor?