A new asset for small businesses

Assetware provides an Express route to cost savings.

June 2007: A new entry-level product, Assetware Express has been launched by leading asset management specialist Assetware (www.assetware-technology.com). Designed and priced for the smaller business, Express is ideal for spreadsheet-users who want to cut costs and increase control by improving management of their assets.

Spreadsheets are very widely used for a variety of financial applications, and are popular because they are easy to set up, flexible and intuitive to use. However there is much research pointing to their drawbacks. Most spreadsheets (according to some research, as many as 90%) have a significant number of undetected errors. Often undocumented, they are difficult to verify and hard to change reliably. Spreadsheet systems also make it very difficult to track and control changes or to produce a clear audit trail.

“Smaller businesses are very likely to be using spreadsheets for depreciation calculation, inventory control and other asset management tasks,” says Chloe Harlick, General Manager of Assetware. “Most of them are concerned about the likelihood of errors in their spreadsheets and well aware of all the other drawbacks. But they don’t want to spend thousands of pounds on a specialist system that in any case will be too complex for their needs.”

Assetware Express is a flexible, affordable and easy to use entry level asset management system ideal for the smaller business. The system allows easy integration with financial accounting systems, and has advanced reporting facilities, including the ability to define user ‘views’ of the data. Disposal of assets is fully supported, and Express maintains a full audit history of all assets.

Adds Harlick, “Assetware Express has been designed to have all the advantages and none of the disadvantages of spreadsheets, at a cost well within the smallest budget We are confident that once people use it they will never want to go back to their
spreadsheets. Our 30 day free trial period allows all businesses to experience first hand the bottom-line benefits of best practice asset management.”

Assetware Express can be downloaded from the Assetware website www.assetware-technology.com. For further information, telephone 0870112 0700 or email info@assetware.co.uk