Here’s a Quick Way to Start Evaluating Fixed Asset Software Vendors

Posted by Traci WheelercloseAuthor: Traci Wheeler Name: Traci Wheeler
Email: traci@redmoonsolutions.com
Site: http://blog.redmoonsolutions.com
About: Traci is a member of the executive leadership team and leads our sales and marketing efforts at Red Moon Solutions. She has over ten years of software business experience serving small and large clients in a variety of industries.See Authors Posts (120) on Dec 15, 2011 | 0 comments

So, you have decided you are going to try and purchase new fixed asset management software for tracking depreciation expense on your fixed assets. Now, what should you do?  First, you may get a list together of things you do and do not like about your current fixed asset software or method for tracking depreciation. Second, you may compile a list of things you definitely want to have in your new fixed asset software. Once you have gotten all of this information together, you may check with your peers to see what fixed asset software they are using and what they do and do not like about their current asset management software. Armed with all of this information, you will want to start evaluating fixed asset software vendors. Of course, the obvious way to do this is go to each vendor’s website and read the material each vendor has provided on their own product, i.e. literature, testimonials, etc. However, keep in mind that all of this information is put together by the vendor. It may not be completely impartial.

Just this month, CPA Practice Advisor came out with their annual fixed asset review, evaluating the top fixed asset management products on the market.  Isaac O’Bannon, their Technology Editor, provides a fresh review of the following fixed asset programs:

• BNA Software
• CCH, a Wolters Kluwer business
• CCH Small Firm Services
• Intuit
• MoneySoft
• Pro-Ware
• Red Moon Solutions (our fixed asset product)
• Sage FAS
• Thomson Reuters
• Wasp Barcode Technologies

So, before you start making calls to vendors and scheduling fixed asset product demonstrations, I would recommend you do your homework and read some of the fixed asset software reviews out there.  While all of the programs reviewed are pretty closely rated, the detailed analysis Issac shares on each vendor should help you narrow down the solutions that will be a best fit based on your requirements.

Best of luck in your search for a new fixed asset solution!

Did you find the information above helpful in your fixed asset software evaluation?  Please share your thoughts in the comments below.

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