In many companies, using spreadsheets had been considered the primary solution to asset management for decades. Such tools are cheap, available, easy to use. It might seem that using spreadsheets could be effective and beneficial at first sight. But as businesses continue to grow and evolve, there comes a realization that spreadsheets may be far from being a viable solution to any asset tracking problems. No Real-Time Updates One of the major disadvantages of using spreadsheets is that they lack real-time accuracy. Asset tracking data changes regularly when items move to a new location, undergo some repairs, replacements, get assigned to different staff members. With the help of a spreadsheet system, all of these events would require human input to update information. Even the slightest delay may make asset information invalid since asset tracking data gets modified very frequently. High Probability of Human Errors Spreadsheet software is highly susceptible to human error due to its nature.…