Best Asset Management Software 2024: for every organization

As a financial services provider, an asset manager manages the assets of its clients.

Asset management software helps maximize the use of their assets while minimizing the cost of owning and using them. The best asset management software makes it easy to audit and track your assets, as well as important asset details such as purchase and license fees, maintenance dates, asset location, usage compliance, user authorizations, contract renewal dates, and usage patterns.

In the digital age, businesses have to keep track of and keep track of more assets than ever before. With more mobile devices in the workplace, cloud technologies that are getting more complicated, licenced software, and more frequent updates, managing and keeping track of IT assets has become much harder. And frequent employee turnover raises data security issues. Asset management software (AMS) helps with this.

It lets businesses keep track of their assets and manage them well to get the most out of them while lowering their IT and software costs. They show the whole lifecycle of an asset, from buying it and putting it to use to replacing it and getting rid of it. A business could keep track of its assets with a simple spreadsheet, but with an AMS, it can look at data about each asset and make better decisions about how to manage them.

Best Asset Management Software

ManageEngine AssetExplorer

Best Asset Management Software

Features

  • Asset Lifecycle Management
  • Compliance Management
  • Compliance Tracking
  • Configuration Management
  • Contract/License Management

ManageEngine AssetExplorer is a web-based solution with a lot of tools and features for managing all kinds of assets, such as inventory, software licences, compliance review, and more. ManageEngine AssetExplorer is our pick for the best overall asset management software because it has mature technology, is easy to set up, and costs a fair amount.

For businesses that are new to managing assets, ManageEngine AssetExplorer’s many tools may seem like too much. But if you start with the 30-day free trial, you can cut down on the time it takes to learn. Overall, this is one of the Best Asset Management Software that you can consider.

Pros

  • Feature-rich tool set with mature technology
  • Easy setup
  • Reasonably priced
  • Familiar Windows-style user interface

Cons

  • No mobile application
  • Not for small businesses with limited IT staff

MMSoft Pulseway

Best Asset Management Software

Features

  • Communication Management
  • Compliance Management
  • Configurable Workflow
  • Configuration Management
  • Contract/License Management

The MMSoft Pulseway mobile system is a powerful and easy-to-use tool for keeping an eye on and managing assets. Pulseway is different from other remote monitoring and management software because it was designed with mobile in mind. You can do any administrative task right from your phone or tablet. Currently, this is one of the Best Asset Management Software that you can consider.

As you might expect from a system designed with mobile in mind, Pulseway gives users a very modern and smart experience no matter what device or platform they are using. Users can access all of the system’s features through a simple and attractive interface, and connecting machines takes almost no time at all. If you want some more details then visit our official website.

Pros

  • Robust and easy-to-use mobile client
  • Modern, intelligent user experience
  • iPad app provides access to full feature set

Cons

  • Limited reporting
  • Managed assets must be networked

SAP EAM

Best Asset Management Software

Features

  • Spare Parts
  • Criticality Assessment
  • Collaborative Asset Management

SAP EAM is a solution for managing your buildings, vehicles, assets, equipment, and machines. It is an asset management system. It lets you take care of facilities, do maintenance on time, track the life cycles of assets, and look at reports to make decisions based on data. Currently, this is one of the Best Asset Management Software.

The digital twin tool has a new product-as-a-service model and can track usage and performance in real time. Digital threads can be made from data about the whole life cycle of a product and about its assets. It lets you use 3D, 2D, and augmented reality visualization technologies to create a digital twin and show it graphically in designs that make sense.

Pros

  • Digitize Asset Data and Monitor in Real Time
  • Centralize Data
  • Improve Fault Pattern Detection

Cons

  • No free trial.

Infor EAM

Best Asset Management Software

Features

  • Asset Management
  • Work Management
  • Materials Management
  • Budget Management
  • Inspection Management

Infor EAM is an asset management tool that helps you organise, track, and manage assets, work orders, preventive maintenance, materials, inventories, budgets, and projects. You can also track labour and add routes to work orders and keep an eye on key performance indicators (KPIs). Currently, this is one of the Best Asset Management Software.

The way the EAM system is built lets you share, update, and swap data with other software. It also has event tables, drivers, codes, XML documents, import and export triggers, and an integration server to keep your data connected.

Pros

  • Connect Data Points
  • Maintain Free Space

Cons

  • No free trial.
  • It’s difficult to delete the menus used in past releases

GoCodes

Best Asset Management Software

Features

  • Accounting Integration
  • Activity Tracking
  • Alerts/Notifications
  • Asset Accounting
  • Asset Lifecycle Management

GoCodes is a web-based programme that helps businesses of any size keep track of their physical assets and inventory. GoCodes is the best AMS for tracking physical assets because it uses QR codes in a way that makes it easy and quick to track assets from any computer or mobile device. Overall, this is one of the Best Asset Management Software that you can consider.

Putting a barcode sticker on an asset is really all it takes to check it in to GoCodes with details like the asset’s type, subtype, serial number, and who it belongs to, as well as any other information tracked using customizable, user-defined fields. Asset data files can have things like bills, records of repairs, photos, and videos.

Pros

  • Ease of setup and use
  • Reasonably priced
  • Secure, physical stickers with detailed information

Cons

  • Ease of setup and use
  • Reasonably priced
  • Secure, physical stickers with detailed information

IBM Maximo

Best Asset Management Software

Features

  • Asset Analytics
  • Generate QR Codes or Barcodes for Assets
  • Asset Reservation Request
  • Structural Analysis
  • Spare Parts Tracking

Maximo is software made by IBM that helps you keep track of your assets and equipment, manage contracts, and plan for preventive maintenance. It has tools for managing space, predicting maintenance, managing inventory, making reports, integrating, and more. It also has a number of mobile apps for Android and iOS devices that are tailored to different roles.

You can easily handle putting software into production, transferring configurations, and customizing it. It also lets you do standard and repeatable rollouts, which can help you keep track of regulatory compliance and paperwork. Currently, this is one of the Best Asset Management Software that you can consider.

Pros

  • Ensure Regulatory Compliance
  • Prevent Reactive Maintenance
  • Streamline Communication

Cons

  • You can’t view jobs planned in the preferred order section.

eMaint

Best Asset Management Software

Features

  • Asset Management β€” 100
  • Spare Parts Handling
  • Analytics and Reporting
  • Mobile EAM
  • Maintenance and Inspection Management

eMaint is a CMMS solution hosted in the cloud that helps businesses manage assets, optimise workflows, manage inventory using the Internet of Things (IoT), and schedule preventive and predictive maintenance. It’s a great way for businesses of all sizes to take care of their buildings.

eMaint lets users create an unlimited number of preventive maintenance tasks on a calendar-based interface or based on meter readings for individual assets. This lets you improve your planning and schedule maintenance how you see fit. Currently, this is one of the Best Asset Management Software that you can consider.

Pros

  • Refine Maintenance Plans
  • Increase Productivity
  • Improve Visibility

Cons

  • Reporting is limited to the number of tables that can be simultaneously joined.
  • Drag-and-drop functionality within the scheduler module is missing.
  • Complicated implementation may require extra time.

InvGate Assets

Best Asset Management Software

Features

  • Maintenance Management
  • Requisition Management
  • Self Service Portal
  • Service Level Agreement (SLA) Management
  • Supplier Management

InvGate Assets is our pick for the best asset management software for small to medium-sized businesses because it has all the necessary software and hardware for keeping track of assets and inventory and is easy to install and use. Overall, this is one of the Best Asset Management Software.

Out of the box, InvGate Assets has features like advanced reports, network discovery, remote desktop, change management, licence management, software deployment, and software metering that allow businesses to keep track of their assets. With a simple and easy-to-understand user interface (UI), InvGate helps users learn faster.

Pros

  • Quick and easy setup
  • Straightforward and easy-to-follow navigation
  • Alarms can quickly show problems with assets

Cons

  • Limited reporting

What Is Asset Management Software?

Asset management software helps businesses get the most out of their assets while keeping the cost of lost or underused assets to a minimum. By having a top-down, bottom-up, 360-degree view of their assets, both tangible and intangible, organizations can save time and money by knowing exactly (and in real time) where their assets are, who has them, what their licence status is, and if they need to be fixed.

How Does Asset Management Software Work?

Asset management software collects and organises information about all assets so that they can be tracked throughout their entire lifecycle. This includes when they are requested, bought, installed, set up, configured, maintained, shut down, and thrown away. As an asset goes through its lifecycle, AMS keeps track of where it is, who is using it, and when it is up and when it is down.

FAQs

How Much Does Asset Management Software Cost?

The price of asset management software depends on what features it has and how it is priced. At one end of the price range, a small business can pay $6 per communication endpoint or workstation per year, which comes to $1,500 for 250 endpoints. For 1,000 workstations, a larger business would have to pay $6,000.

How We Chose the Best Asset Management Software?

Choosing the right software for managing assets can be hard. An AMS programme has a lot of moving parts, and the features and prices of different programmes can be very different. Your first problem is that there are more than two dozen AMS providers from which to choose.

Why Is Asset Management Software Important?

Businesses can’t know what they own and how much it costs them if they don’t keep track of what they have. Even though some businesses might use a simple spreadsheet to keep track of their assets, there is no way to keep an accurate and regular accounting, no matter how many assets they have.

Editorial Staff
Editorial Staffhttps://www.bollyinside.com
The Bollyinside editorial staff is made up of tech experts with more than 10 years of experience Led by Sumit Chauhan. We started in 2014 and now Bollyinside is a leading tech resource, offering everything from product reviews and tech guides to marketing tips. Think of us as your go-to tech encyclopedia!

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