Top 10 Asset Inventory Software of 2024

manager using an asset inventory software for asset lifecycle tracking|Sage Fixed Assets asset inventory software logo|NetFacilities asset inventory software logo|MaxPanda asset inventory software logo|InvGate asset inventory software logo|iAuditor asset inventory software logo|GoCodes asset inventory software logo|Freshservice|AssetCloud asset inventory software logo|Asset Infinity asset inventory software logo|Asset Essentials asset inventory software logo

Why Use SafetyCulture?

SafetyCulture is an asset management software that businesses can use to efficiently track and maintain the lifecycle of their assets. This app also enables you to easily determine the existence of an asset while ensuring top functionality throughout its usable life. With SafetyCulture, you can take advantage of free assets inventory templates to take account of assets and conduct preventive maintenance for asset longevity.

Features:

  • Schedule routine maintenance and emergency repairs of fixed assets. Send automated notifications to all involved people via an internal alerts feature to avoid missing critical inspections.
  • Report asset issues and emphasize their critical status by categorizing them according to the level of priority.
  • Create corrective actions and directly assign them to relevant people for time-sensitive responses.
  • Track asset inventory activities through insightful data from the Analytics dashboard. Manage daily operations with real-time and accurate information you can use as a reference for future asset-related decisions.
  • Enhance team experience and improve admin controls with a simplified system of workflows.
  • Build comprehensive asset inventory reports anytime and share them with your team via web link or PDF file.
  • Integrate with your team’s other existing tools and create a seamless network of your daily tasks and activities.
  • Communicate effectively with your team and other stakeholders through alerts and notifications using Heads Up.
  • Keep all your information, inspections, and asset inventory activities in one safe place with cloud-based recordkeeping.
  • Attach photos and videos directly during inspections using a mobile phone or tablet.
  • Scan QR codes or barcodes for easy and accurate asset inventory.
  • Customize user experience according to your business needs with highly-flexible in-app capabilities.

Why Use GoCodes?

GoCodes is an easy-to-use asset and inventory tracking software that enables businesses to manage and maintain their existing assets. This cloud-based solution uses scanner apps, GPS tracking, and rugged labels for a successful asset management implementation. GoCodes is ideal for small and midsize companies.

Features:

  • Fixed Asset Accounting
  • Asset Lifecycle Management
  • Inventory Management
  • Maintenance Management
  • QR Code Asset Tags
  • Alerts and Notifications
  • Audit History Logging
  • Analytics & Reports Dashboard
  • Automated Field Service Request

Why Use Maxpanda?

Maxpanda is a highly-customizable software that offers integrated solutions for asset management, inventory management, and preventive maintenance. It allows businesses to track their assets in real-time and improves their internal communication with the use of push notifications. With Maxpanda, you can simplify your daily workflow by setting priority to critical tasks.

Features:

  • Asset Lifecycle Management
  • Asset Tracking
  • Building & Asset Maintenance
  • Inventory Management
  • Preventive Maintenance
  • Barcoding/Radio Frequency Identification (RFID)
  • Reporting/Analytics
  • Work Order Management
  • Mobile Access

Why Use NetFacilities?

NetFacilities is a cloud-based solution that equips businesses with the ability to maintain their assets and facilities efficiently. With an easy-to-use and intuitive interface, you can utilize NetFacilties to streamline your asset management and prevent costly mistakes that could negatively impact your daily operations.

Features:

  • Property Management
  • Preventive Maintenance
  • Asset Lifecycle Management
  • Asset Tracking
  • Inventory Management
  • Inventory Tracking
  • Work Order Management
  • Information Technology (IT) Asset Management
  • Alerts & Notifications

Why Use Freshservice?

Freshservice is a unified digital platform that simplifies the way businesses track their on-premise and cloud infrastructure. With scalable and no-code implementation, Freshservice allows you to easily eliminate repetitive tasks with powerful automation. This software is best for small- to medium-sized businesses.

Features:

  • Asset Lifecycle Management
  • IT Asset Management
  • Asset Automated Discovery
  • Configuration Management Database (CMDB)
  • Inventory Management
  • Purchase Order Management
  • Contract Management
  • Intuitive Analytics
  • Infrastructure Tracking

Why Use Asset Inventory?

Asset Infinity is an easily-customizable asset management software that empowers businesses to efficiently manage their assets and maintenance activities. This cloud-based platform utilizes systems such as QR codes, barcodes, and RFID tags to effectively keep track of fixed assets. Asset Infinity also keeps all the recorded data in one centralized location.

Features:

  • Asset Lifecycle Management
  • IT Asset Tracking
  • Preventive Maintenance
  • Maintenance Scheduling
  • Assets & Item Requisitions
  • Inventory Management
  • Facility Management
  • Activity Dashboard
  • Check-in/Check-out

Why Use InvGate?

InvGate Assets is an IT Asset Management System (ITAM) that specifically focuses on businesses’ IT assets such as software, hardware, licenses, and device allocation. InvGate enables businesses to remotely track and gain a quick overview of IT assets’ lifecycle—from procurement, to maintenance, and up to disposal.

Features:

  • Network Inventory Management
  • Maintenance Management
  • Asset Monitoring
  • Asset Inventory
  • Software License Management
  • Alarms Summary Dashboard
  • Procurement Management
  • Drag and Drop Workflows
  • Third-Party Integration Capability

Why Use AssetCloud?

AssetCloud is an asset management system that offers scalable solutions to easily manage and monitor the valuable assets of your business. Utilize barcode scanners, printers, and labels to easily track infrastructures. AssetCloud also allows you to assign responsibilities to employees, customers, or third-party service providers using the check-in/check-out feature.

Features:

  • Asset Accounting
  • IT Asset Tracking
  • Equipment Tracking
  • Facility Management
  • Tool Tracking
  • Inventory Management
  • Customizable Trigger Notifications
  • Work Order Management
  • Maintenance Scheduling

Why Use Sage Fixed Assets?

Sage Fixed Assets is an asset inventory tracking system that helps businesses increase their efficiency in asset management. This intuitive and comprehensive platform offers four flexible modules that allow users to monitor their fixed assets throughout their usable life. Reduce operational costs and start increasing your bottom line with the use of Sage Fixed Assets.

Features:

  • Asset Accounting
  • IT Asset Management
  • Depreciation Management
  • Check-in/Check-out
  • Equipment Management
  • Inventory Management
  • Barcoding/RFID
  • Work Order Management
  • Easy Integrations

Why Use Asset Essentials?

Asset Essentials is a user-friendly asset management platform that empowers businesses to effectively keep track of and maintain their valuable assets. Reduce unnecessary costs by proactively predicting equipment failures, and maximize asset health by performing preventive and corrective maintenance work orders. With Asset Essentials, you can improve team productivity and make smarter operating decisions.

Features:

  • Maintenance Scheduling
  • Workflow Management
  • Equipment Management
  • Enterprise Asset Management
  • Asset Tracking
  • Purchase Order Management
  • Alerts & Notifications
  • Inventory Management
  • Reporting & Analytics Dashboard

What is an Asset Inventory Software?

Asset inventory software is a tool utilized by companies to record, track, and maintain the performance and quality of fixed assets and intangible assets. Also called asset inventory management software, personnel responsible for asset inventory management can also use it to verify company assets’ lifecycle and records.

Key Features of an Asset Inventory Software

Asset management and inventory management are two separate business processes that can cohesively work together to achieve an accurate, efficient, and cost-effective method of maintaining an organization’s fixed and intangible assets. Although other capabilities could vary depending on the specific needs of a business, an asset inventory software should ideally have the following features:

  • Maintenance scheduling
  • Reporting functionality
  • Real-time information
  • Alerts and notifications
  • Asset tracking
  • Highly customizable
  • Integrations
  • In-depth reporting
  • Adjustable workflows
  • Cloud-based technology
  • Mobile compatibility
  • User-friendly

Solutions to the Challenges of Asset Inventory Management

Asset inventory can become overwhelming and more challenging if not managed properly over time. Here are some of the common challenges in asset inventory management and their corresponding solutions:

Records and Documents Pile up Over Time

Company assets that are kept for 12 months or more need long-term monitoring and tracking which means documentation and records on the value and performance of assets need to be maintained over long periods of time.

Solution: An asset inventory management software with secure digital storage in the cloud saves businesses time and resources for efficient recordkeeping of company assets. Virtual storage means no need to spend on maintaining physical storage for long-term recordkeeping.

Inefficient Asset Maintenance

Company assets need periodic preventive maintenance checks in order to determine issues and proactively keep assets at their peak performance. When assets are not at their optimum, operations may suffer unscheduled disruptions.

Solution: Scheduling of maintenance checks will help avoid missing opportunities to catch preventable issues that could lead to disruptions in operations. Automated notifications will make sure that the right people are aware when tasks are due and if they’re not yet completed.

Insufficient Description of Assets

Insufficient asset information and description will make asset inventory and tracking challenging. Poorly describing an asset can waste time and effort, not to mention resources, in asset inventory management.

Solution: Using a free and readily available asset inventory template, or any of the asset inventory templates, that can be used with asset inventory software like SafetyCulture, can help guide personnel in capturing the right asset information and prevent confusion in asset inventory. Take photos of assets and/or scan barcodes for easy data capture and verification.

Below are pre-existing templates you might find useful:

Jaydee Reyes
Article by
Jaydee Reyes
Jaydee Reyes is a content writer and researcher for SafetyCulture. Her six-year experience in the field of data research and media monitoring adds expertise and quality to her work. She is also a champion of leveraging technology to promote a culture of safety in workplaces around the world. As a content specialist, she aims to help companies adapt to digital changes through interesting and informational articles.