I'm part of a mid-sized company, and I've been wondering if our asset management software is truly worth its steep price. It covers compliance checks, lifecycle tracking, and keeps us audit-ready, but sometimes it feels like we're pouring more money into tracking our assets than what the assets themselves are worth. If our annual license is higher than the value of the assets we track, are we really managing them? I'm interested in hearing how other mid-sized companies have approached this issue and whether they've found these tools to be beneficial.
13 Answers
You might want to consider using an excel spreadsheet. Many people have had great success with that! It's much cheaper and can work well for smaller operations.
If someone were to custom-build an asset tracking app, would you be open to testing it? What features would it absolutely need?
Have you looked into AssetPanda? It might suit your needs without overwhelming costs.
Asset management doesn’t have to break the bank. For example, you could use MX-Maint for around €30 to €50 per seat, regardless of how many assets you manage.
For me, it’s less about saving on assets and more about regaining control and efficiency. I used to rely on spreadsheets, which made everything chaotic and outdated. An asset management tool has saved us loads of time and helped us pass various security certifications. What tool are you currently using?
I suggest doing a risk assessment to evaluate the value of the assets you're protecting versus the potential losses you'd face without proper management. It's about understanding the overall impact and finding the right balance in costs.
Our asset management solution also handles software and OS deployment, which justifies the cost for us. It saves a lot of time on installations. Just curious, what do you consider expensive?
Can you clarify what you mean by compliance checks? Is it about licenses, installed software, or something else? It's important to specify what your software checks for. My team uses a free ITSM solution for tracking, and it works fine without costing a fortune.
One thing to consider is that the true value of asset management often goes unseen. You might not realize how much you save until something goes wrong, like losing assets or failing an audit. If your software cost exceeds your asset value, though, it's time to look for a more budget-friendly alternative.
Check out EZO AssetSonar. It offers full visibility and compliance tracking without the big price tag or confusion. It's a solid choice for mid-sized IT setups.
We're using a data catalog integrated with our storage management. The asset management feature is bundled, so it doesn’t feel like a separate expense to us, which helps keep costs down.
For sure! Many mid-sized companies tend to overpay for tools they don't fully utilize. If you only need straightforward tracking, something more streamlined like Teamhood or planroll.io could fit the bill.
It really depends on your company's size and asset value. We use Setyl, which is about 1-2% of our tracked assets' total value. It covers essential features like asset lifecycle management and is designed for businesses with 80-2,000 staff. The right tool should also help save money by preventing lost assets and improving budgeting.
I doubt many would be interested, as there are plenty of good free and affordable solutions available.