The Best Asset Management Software of 2024

administrators working together in data center to check hardware using asset management software|SAP Asset Manager asset management software logo|ManagerPlus asset management software logo|IBM Maximo asset management software logo|AVEVA asset management software logo|AssetWorks asset management software logo|AssetExplorer asset management software logo|Freshservice|Sage Fixed Assets asset management software logo|InvGate 2022 asset management software logo

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.


  • Track each asset seamlessly by directly adding them and their details individually. Ensure that everything is accounted for, regularly maintained, and managed as needed.
  • Scan QR codes or barcodes for easy and accurate asset identification, tracking, and management. If there are assets that aren’t in the premise of the business, leverage the geo-tagging feature that allows users to input the exact location of the asset.
  • Schedule routine maintenance and emergency repairs then assign them to relevant people and never miss a critical inspection again.
  • Report asset issues, create appropriate actions, and categorize them according to the level of priority and urgency.
  • Make use of built-in alerts and notifications, as well as the interactive Heads Up feature for quick and time-sensitive responses.
  • Monitor asset status with real-time information and use the data from the analytics dashboard as a guide in decision-making about current and future assets.
  • Integrate with the team’s other platforms and build a seamless connection of daily workflows.
  • Generate comprehensive asset reports anytime and share them with the team and relevant stakeholders via email, PDF, or web link.
  • Attach media-based evidence such as photos and videos directly during inspections.
  • Keep all your information, inspections, and asset management activities in one safe location with cloud-based recordkeeping.
  • Experience user-friendly interface and mobile-ready support and deployment.

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.


  • Preventive Maintenance
  • Maintenance, Repair, and Operations (MRO) Inventory Management
  • Work Management
  • Work Scheduling
  • Approval and EAM Workflow
  • Reliability Analysis
  • Analytics & Reporting
  • Condition Management
  • Rapid Implementation Methodology (InRIM)

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.


  • Maintenance Scheduling
  • Facility Asset Management
  • Fixed Asset Management
  • EAM Maintenance & Repair
  • EAM Tracking & Reporting
  • Inventory Management
  • Preventive Maintenance
  • Service History
  • Third-Party Integrations

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.


  • Maintenance Management
  • Asset Inventory
  • Asset Monitoring
  • Enterprise Service Management
  • Software Metering
  • Software License Management
  • Analytics & Customizable Dashboards
  • Ticket Management
  • Drag and Drop Workflows

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.


  • Maintenance Management
  • Equipment Management
  • Asset Accounting & Asset Tracking
  • Inventory Management
  • IT Asset Management
  • Barcoding/Radio-Frequency Identification (RFID)
  • Location Tracking
  • Check-in/Check-out
  • Third-Party Integrations

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.


  • Automated Asset Tracking
  • Maintenance Scheduling
  • Maintenance Operations & Planning
  • Risk Estimation & Evaluation
  • Work Order Management
  • Analytics, Reporting, & Dashboards
  • Centralized Asset Data Hub
  • Geographical Enablement
  • Cloud-based Deployment

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.


  • Asset Management
  • Maintenance Management
  • Predictive Maintenance
  • Inventory Management
  • Remote Monitoring
  • Activity Tracking
  • Location Tracking
  • Work Order Management
  • Barcoding/RFID

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.


  • Maintenance Management
  • IT Asset Inventory Management
  • Software Asset Management
  • Asset Lifecycle Management
  • Asset Tracking
  • Contract & License Management
  • Purchase Order Management
  • Configuration Management Database
  • Reporting & Analytics

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.


  • Maintenance Management
  • Asset Lifecycle Management
  • Asset Tracking
  • Asset Normalization
  • Automated Discovery
  • Contract Management
  • Alert Management
  • Reporting & Analytics
  • Barcoding/RFID

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.


  • Service Request Management
  • Fixed Asset Management
  • Asset Accounting
  • Inventory Management
  • Maintenance Scheduling
  • Depreciation Management
  • Barcoding/RFID
  • Work Order Management
  • Property Management

What is an Asset Management Software?

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.

How Does it Help Your Business?

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:

  • Improve asset lifecycle management – Asset management software provides a comprehensive insight into asset lifecycle stages—planning, acquisition, operation, maintenance, and disposal. In turn, users are able to identify the right maintenance activities that could help prolong the life of each asset.
  • Streamline asset monitoring – When assets are well-maintained, accounted for, and taken care of in a timely manner, they are maximized to their full capacity which ultimately leads to a greater return on asset investment.
  • Increase record accuracy – Data-tracking documents that are in spreadsheets or other forms of physical papers are prone to human error and can be very inefficient. Asset management software consolidates information in a few taps, breaks them into digestible chunks, and presents users with the right amount of data—just enough to perform the currently required activity or process.
  • Enhance inventory management – Asset management software makes it possible to manage inventory more accurately and efficiently. With the help of asset tracking tags and labels such as barcodes, QR codes, RFID tags, NFC tags, and GPS trackers, businesses can monitor equipment, vehicles, hardware, etc., in real-time with precise and continuous updates of inventory information.
  • Avoid unnecessary asset purchases – If all the above-mentioned items were observed, it helps companies avoid buying additional assets and focus on other crucial areas of the business that need attention.

Key Features of an Asset Management Software

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:

  • Maintenance scheduling
  • Preventive maintenance
  • Asset tracking
  • Asset lifecycle management
  • Inventory management
  • Real-time information
  • Work assignment capability
  • Alerts and notifications
  • Adjustable workflows
  • Comprehensive reporting functionality
  • Insightful analytics
  • Software integrations
  • Intuitive interface
  • Cloud-based technology
  • Mobile compatibility

Choose the Best Software

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:

Asset Management Software Free Version Paid Plan Mobile App
SafetyCulture Yes $19/month/10 users Yes
AVEVA None Data unavailable No
ManagerPlus None $85/month/user Yes
InvGate Assets None Data unavailable Yes
Sage Fixed Assets None Data unavailable No
SAP Asset Manager None $178/month/user Yes
IBM Maximo None Data unavailable Yes
AssetExplorer Yes $995/250 IT assets* Yes**
Freshservice None $19/month/user Yes
AssetWorks None Data unavailable No

*one-time payment
**android only

Below are pre-existing asset audit and asset inventory templates that 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.