In a recent survey, only 37% of the companies reported that they were using dedicated fixed asset software, such as Asset Keeper Pro. Almost 50% of them said their staff spends four to five days a month to maintain their fixed asset data in a spreadsheet or database. More than one third of them said they spend six to fifteen days maintaining their fixed asset data.
This was in spite of the fact that nearly two-thirds of the respondents admitted they were worried about spreadsheet formulas being incorrect or user errors. Click here to see why maintaining fixed asset data in a spreadsheet is a bad idea