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Updated 7 Mar 2023, Published 15 Jul 2022
Asset management software is a digital platform, application, or tool that monitors an asset’s lifecycle all through its usable life. It provides detailed information about an asset—from its procurement stage, continued maintenance, current status, and location, as well as who is responsible for it. Also called as asset management tool or asset management system software, businesses use this digital tool to easily manage tangible, intangible, software, and hardware assets.
Free version: Available for teams of up to 10
Pricing: Premium plan $19/month (with free 30-day trial period)
Platforms supported: Available on mobile app (iOS and Android) or a web-based software
Why Use SafetyCulture?
SafetyCulture is a highly-customizable asset management software that businesses, asset managers, or asset inventory managers can use to manage their organization’s existing assets, efficiently. With ready-to-use asset-related templates, SafetyCulture enables businesses to streamline proactive maintenance, inventory management, and asset lifecycle management. This app also helps ensure maximized use, top functionality, and asset longevity through regular maintenance and inspections.
Features:
Why Use AVEVA?
AVEVA Enterprise Asset Management (EAM) is a cloud-based solution that midsized and large businesses can use to track and maintain their existing assets. This software increases the visibility of procurement, implementation, maintenance, and inventory which in turn, helps organizations maximize the use of their asset investments.
Features
Free version: Not available
Pricing: Available upon request
Platforms supported: Availabe on Web
Why Use ManagerPlus?
ManagerPlus is a comprehensive digital solution that enables businesses from a wide range of industries to manage equipment maintenance, work orders, and inventory levels while getting the most out of their asset investments by turning them into profit drivers. This highly customizable app allows maintenance professionals to schedule inspections and send alerts and notifications to relevant people in a timely manner.
Pricing: Lightning Plus starts at $85/month, Lightning Experience starts at $125/month
Platforms supported: Available on iOS, Android, & Web
Why Use InvGate?
InvGate is an integrated service and asset management platform that specifically focuses on businesses’ Information Technology (IT) assets such as software, hardware, licenses, and device allocation. InvGate empowers businesses to remotely track and gain a quick overview of IT assets’ lifecycle—from procurement, deployment, and maintenance, up to their disposal, while monitoring inventories in real-time.
Platforms supported: Available on iOS, Android, Windows, & Web
Why Use Sage Fixed Assets?
Sage Fixed Assets is a digital platform that helps companies increase accuracy, efficiency, and consistency when it comes to managing their fixed assets’ lifecycle. This software offers suitable actions that allow maintenance personnel to control and prioritize asset management activities. Sage Fixed Assets also ensures maximized service of fixed assets with a powerful depreciation calculation engine and intuitive reporting capabilities.
Platforms supported: Available on Windows & Web
Why Use SAP Asset Manager?
SAP Asset Manager is a highly-scalable software that provides businesses the ability to manage physical assets’ health, performance, and lifecycle with a comprehensive system of solutions. Aside from real-time insights, machine learning, and mobility, SAP Asset Manager also offers advanced and predictive analytics that guide business leaders with their current and future asset decision-making.
Pricing: Starts at $178/month
Why Use IBM Maximo?
IBM Maximo is an integrated cloud-based tool that enables organizations to manage maintenance activities, maximize asset lifecycle, and reduce operational and downtime costs. With the use of new technologies such as Artificial Intelligence (AI), Internet of Things (IoT), and analytics, this app eases asset tracking through multi-cloud deployment and shared data of workflows.
Why Use AssetExplorer?
AssetExplorer by ManageEngine is a web-based asset management tool that empowers businesses to monitor software and hardware assets, comply with software license requirements, and track the status and ownership of each registered asset. This platform increases asset visibility in an enterprise-wide setup by consolidating all relevant information in a single comprehensive view.
Free version: Available
Pricing: Subscription model starts at a one-time payment of $955 inclusive of 250 IT assets
Platforms supported: Available on Android, Windows, & Web
Why Use Freshservice?
Freshservice is a unified service management platform that streamlines the way businesses monitor their on-premise and cloud infrastructure. This intelligent solution minimizes downtime by bridging the gap between services and operations. In addition, with scalable and no-code implementation, Freshservice allows organizations to easily eliminate repetitive tasks with robust automation.
Pricing: Starter plan starts at $19/month
Why Use AssetWorks?
AssetWorks is an integrated solution that allows businesses to track their capital assets’ lifecycle—efficiently and effectively. With comprehensive asset management tools, AssetWorks empowers users to streamline asset management processes, reduce operational downtime, and maximize each asset’s functionality in their usable life. This software also keeps data of assets from their procurement, implementation, and maintenance, up to disposal.
Platforms supported: Available on Web
Tracking, controlling, and monitoring all the registered assets of an organization can be very time-consuming and prone to inaccuracy if done manually. The use of new technologies such as software, however, simplifies this process and helps ensure that assets are operated properly and efficiently.
Whether you’re looking for digital asset management software, enterprise asset management software, or simply just an asset management software, here are a few other areas on how they help your business:
Before purchasing any third-party products such as asset management software, consider asking questions like—why it is being purchased, who will use it, would it be beneficial for the business, and would it really address the demands of the organization. Depending on the specific needs of a business, make sure to choose the right software that would best cater to all the recognized pain points and improve the way assets are managed.
The following items are the key capabilities that an asset management software should possess:
To help you decide which software to pick, check this comparison table where we’ve provided a quick summary of the 10 best asset management software in the market right now:
*one-time payment **android only
Below are pre-existing asset audit and asset inventory templates that you might find useful:
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.
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