Asset management is a very important part of any business. It helps you to keep track of your inventory and other assets in your company. This can be done manually or with the help of software.
There are a lot of different asset management software available but not all of them will be useful for your business.
Best Asset Management Software
What Are Asset Management Software
Asset management software is a software that can help you manage your assets. It helps you to track, monitor and manage the asset in an efficient way.
The software is used to store all the information about your assets such as land, buildings, vehicles etc.
It also helps in managing the cash flow of the company by providing a complete picture of where its money is being spent.
It can also be used for accounting purposes like preparing financial statements and reports on time. In short it can help you manage your business from one place with just a few clicks on your desktop or laptop computer.
What Is The Best Asset Management Software?
If you want to find the best asset management software then you need to consider a few things before making your decision.
Here are some questions that you need to ask yourself before choosing an asset management software:
What Is Your Company’s Size?
The first thing that you need to consider when choosing an asset management software is the size of your company.
If it’s a small business then you may not need something as complex as large corporations do, but this doesn’t mean that they don’t have access to these types of programs either!
There are many options available that can be used by small businesses as well as large corporations.
How Much Is It Going To Cost You?
Another important consideration is how much it’s going to cost you to implement this software into your business operations.
You want something that is affordable but also effective enough for what you need it for without costing too much money or time on implementation or maintenance costs.
1. AssetExplorer
AssetExplorer is a web-based asset management software that makes it easy to track your company’s assets, including physical items and digital assets. You can create your own asset categories, add or edit properties of the assets, and attach documents such as receipts and photos.
AssetExplorer also allows you to assign an asset to multiple users, so each user can see their own items assigned to them. AssetExplorer has a very simple interface that makes it easy to use even without any training.
The main window features a sidebar on the left that you can use to browse through your assets and categories.
The main area of the window shows details about the selected asset. There are also tabs for viewing additional information about the selected category or property value.
Features
– AssetExplorer is the only asset management software that runs all your business systems in one place. No more complicated integrations or spreadsheets!
– AssetExplorer is easy to use for your staff, but powerful enough for your IT team to support large scale implementations.
– AssetExplorer is a complete solution, so there are no extra add ons or modules to buy.
– AssetExplorer easily integrates with your existing systems, including Salesforce, NetSuite and Quickbooks Online.
Pricing
AssetExplorer pricing is based on the number of assets that you want to track. The price range varies, depending on the number of assets you want to track.
You may also choose to purchase a package that includes additional features and benefits at a discounted price.
AssetExplorer has two packages available: Basic Pack and Premium Pack. The Premium Pack offers additional features such as asset tracking for vehicles, home appliances, and other equipment.
IT asset management (also known as ITAM) is the process of ensuring an organization's assets are accounted for, deployed, maintained, upgraded, and disposed of when the time comes. Put simply, it's making sure that the valuable items, tangible and intangible, in your organization are tracked and being used.
2. Asset Panda
Asset Panda is an easy-to-use, powerful and intuitive asset management software that helps you manage your assets. With Asset Panda, you can create all kinds of documents, from purchase orders to invoices.
It also lets you easily track the status of each of your assets and find out which assets need maintenance or repair. The software comes with a built-in barcode scanner that allows you to easily scan in new assets, so you don’t have to type everything in manually.
And as your company grows, Asset Panda can be easily extended to accommodate more users or additional locations.
Features
-See how much your home is worth in real time
-Get alerts when the value of your home changes
-Monitor the performance of your investment properties
-See how much rent you’re collecting from each property
-View historical data on each property’s performance
Pricing
Asset Panda is a subscription based software that you can use to find and manage your assets. You can use Asset Panda to find all the assets in your company, and then use the app to manage those assets.
We have three pricing tiers:
- Free – Free users can create up to 5 asset groups, and add up to 10 items per group. They also get unlimited access to our support team. If you want more than 10 items per group or want to create more than 5 asset groups, you need a paid account.
- Subscription – They offer monthly subscriptions for $5/month or $50/year for individuals and small businesses (1-5 employees). You can upgrade at any time by logging into your account and upgrading from there.
- Enterprise – They also offer enterprise plans for larger companies looking for more customizations or advanced reporting capabilities.
Asset Panda is a tool purpose-built for asset tracking. It combines almost total customizability with excellent support for mobile devices, reporting, and even cloud connectivity.
3. InvGate Assets
Features
– Create your own cryptocurrency with the help of InvGate Assets (for example Bitcoin).
– Create a blockchain based on Ethereum or NEO.
– No need to install any software – all you need is your web browser!
Pricing
Asset management software is a centralized system that allows your organization to track important details about each asset in real time. This decreases administrative costs, improves service and gives your organization greater visibility into asset utilization, costs and maintenance.
4. GoCodes
Features
- Unlimited Subdomain or Domain Creation
- Unlimited Email Accounts Creation
- Unlimited Bandwidth Usage
- No Ads (for free users)
Pricing:
The pricing below shows how much it would cost to use GoCodes on a monthly basis:
- Basic Plan – $49/month (unlimited domains)
- Pro Plan – $99/month (unlimited domains)
GoCodes can be used as easily for projectors, luggage, shared carts, and furniture as they can for tracking software in a box. This asset management solution tells you when the assets are checked in and checked out, like in a library. It isn't going to track your software usage though.
5. MMSoft Pulseway
MMSoft Pulseway is a web based application that enables you to monitor your entire IT infrastructure from one place. You can monitor your servers, applications, network devices and workstations in real time.
In addition to the standard monitoring features, MMSoft Pulseway has many unique features like flexible alerting mechanisms, custom reporting and alerting templates which will make your life easier by providing you with all the information required to fix problems before they happen.
Features
– Access to all your servers, desktops and mobile devices from any location
– Protection against viruses, worms and other malicious software
– Centralized control of all updates on all systems
– Secure backup of your data
Pricing
Pulseway is RMM software, built to help MSPs and IT teams reduce downtime, take control and become more efficient. Pulseway provides all-in-one IT monitoring and management software, filled with features and modules to boost your productivity straight out of the box and never miss critical alerts.
6. Ivanti Neurons For ITAM
Ivanti Neurons for ITAM is a modern IT Asset Management solution that helps you manage IT assets from a single pane-of-glass. The software helps you track, manage, and report on everything from hardware and software licenses to the end user’s experience.
You can also use it to track the health and location of your business-critical hardware and software assets.
The solution is easy to set up and install, making it perfect for small businesses that need a simple way to automate their asset tracking processes.
Features
Audit and Compliance: Audit your entire IT landscape, including hardware, software and licenses. Be compliant with industry best practices like Sarbanes-Oxley (SOX) or PCI-DSS standards while reducing risk exposure related to compliance failures.
Asset Tracking: Track the location of all your assets with GPS tracking capabilities that work with any mobile device — even mobile mapping apps! Use this information to audit the physical location of your assets in real time, as well as see historical movement data for each asset over time.
Remote Management Tools: Manage devices remotely through SSH or RDP using secure web interfaces from anywhere on the internet — no VPN required!
Features
-Integration with existing ITAM systems
-Compliance with industry standards like SOX and PCI
-Support for multiple ITAM providers (such as Tufin, Novell and SolarWinds)
-Automation of ITAM processes to reduce manual effort and errors and improve productivity
-Automated data collection from disparate systems, including but not limited to configuration management (CMDB), change management (CMDB), asset management (CMDB), network monitoring and security event management (SIEM).
Pricing
The software includes everything from asset discovery and data collection, to managing compliance requirements and reporting on asset usage. Ivanti Neurons is available in three editions:
- Neuron Essentials – Designed for small-to-medium organizations with fewer than 250 devices. It supports up to 100 users.
- Neuron Standard – Designed for mid-size organizations with 250-1,000 devices. It supports up to 500 users.
- Neuron Enterprise – Designed for large enterprises with more than 1,000 devices. It supports up to 2,500 users.
A software is an interface between user and computer. It is a set of instructions, programs that are used to give command to hardware. It is responsible for controlling, integrating and managing the hardware components of a computer system and for accomplishing specific tasks.
7. ServiceNow ITAM
ServiceNow ITAM is a cloud-native IT Asset Management (ITAM) solution that uses self-service to simplify the management of IT assets from purchase to disposal.
It’s built on ServiceNow’s platform and integrates with other ServiceNow products, such as ServiceNow ITSM, ServiceNow CMDB and ServiceNow Change Management.
ServiceNow ITAM offers a single view of your entire IT estate, including hardware, software licenses and contracts, virtual machines and more.
Features
– Asset Lifecycle Management – Plan, track, and manage your entire asset portfolio. Manage your assets by category, location, vendor, business unit, or any other criteria that makes sense for the organization.
– Inventory & Maintenance – Inventory all hardware and software assets in your organization; track maintenance work orders automatically from the ServiceNow CMDB or manually through the portal; track warranty expiration dates for all assets.
– Asset Management – Monitor service level agreements for all hardware and software assets in your organization; monitor license compliance for all software licenses deployed in your environment; receive alerts when an asset exceeds service level agreement thresholds.
Pricing
ServiceNow has multiple pricing options. The first is based on the number of users you have, and the second is based on the number of “resources” you use.
The first option is very easy to understand: it’s based on the number of users you have. The more users you have, the more expensive your per-user price will be.
If you have 3,000 employees but only 1,000 are using ServiceNow, then only those 1,000 employees will cost money. If you want all 3,000 people using ServiceNow, then you need to pay for all 3,000 people — even if they’re not using it at all!
The second option is much more complex and involves a lot more math than simply counting up how many people are using it.
This pricing model is based on what we call “resources” in ITAM. A resource can be anything from an application server to a network device or even a Windows desktop computer running an application like Microsoft Office 365 or Adobe Acrobat Reader X Pro.
IT asset management (also known as ITAM) is the process of ensuring an organization's assets are accounted for, deployed, maintained, upgraded, and disposed of when the time comes. Put simply, it's making sure that the valuable items, tangible and intangible, in your organization are tracked and being used.
What Is Asset Management Software?
Asset management software is a tool used to track and manage assets. These assets can be anything from vehicles and machinery to software licenses, contracts and inventory.
Asset management software allows users to easily track their assets in one place, so they can quickly identify which assets are missing or need servicing.
Asset management software allows organizations to keep tabs on the location of all their assets at any given time, while also keeping track of who has access to them and how they’re being used.
This helps companies prevent theft and misuse of company resources, as well as manage risk.
Asset Management Software Benefits
Asset management software offers many benefits for businesses large and small:
1. Identify unauthorized use of company assets: Companies can use asset management software to track who has access to which vehicles or equipment, allowing them to identify unauthorized use immediately.
A manager might suspect that an employee is using the company van for personal errands after noticing several trips between home and work during regular business hours.
With asset management software, he could check the vehicle’s GPS tracking history and find out if this is indeed happening.
2. Track repair history: Businesses that rely heavily on heavy machinery may want to know when their machines were last serviced — particularly if they’re dealing with expensive equipment like tractors or excavators.
How Can Asset Management Tools Help Your Business?
Asset management tools are used by businesses to track their assets, ensuring that they are always in good condition. This helps to prevent accidents and other problems with your business’s machinery.
It also allows you to use your assets more efficiently, saving money and time.
Asset management tools can help you keep track of your inventory and equipment, making sure that you have the right amount of supplies available at all times. This will help prevent shortages or overages that could cause problems with your supply chain or production lines.
The best asset management software will keep track of all the important details about your equipment and inventory, from their current location to their value and age.
This helps ensure that everything is accounted for properly so you can keep track of what equipment needs repair or replacement soon, which saves money on maintenance costs as well as preventing accidents due to poor maintenance practices or lack of preventive maintenance checks.
1. Optimum Asset Utilization
Optimum Asset Utilization is the practice of using assets in the most effective way possible. The principle can be applied to all types of assets, including human, financial and physical ones.
Optimum Asset Utilization is important because it allows organizations to increase their productivity and efficiency. By ensuring that employees are being used in the best way possible, companies can increase their revenue and profits from any given level of resources.
The principle of optimum asset utilization is based on the idea that there is always a best use for any given resource. This means that there are many different ways that a company could utilize its resources, but only one optimal way.
Optimum Asset Utilization requires managers to think about their workforce as a whole rather than focusing on individual workers or teams. Managers must consider how each individual employee fits into the overall organization and what role they play in achieving organizational goals.
2. Enables Real-time Asset Management
Asset management software provides a centralized storage location for assets, and can be used to create customized reports. It allows you to track the location, condition and value of your assets, and also provides real-time visibility into the status of your inventory.
You can also use asset management software to create detailed reports and analyze trends in asset performance over time.
Asset management systems are typically used by large companies that have complex or extensive IT infrastructures, such as manufacturing plants or government agencies
Asset Management Software allows for real-time visibility into the status of your inventory. You can also use asset management software to create detailed reports and analyze trends in asset performance over time.
3. Detailed Asset Reports
Why is it important?
Detailed asset reports are the foundation of your business. They help you identify opportunities to improve efficiency and profitability, and they provide a means of measuring overall success.
With detailed asset reports, you can also see how your company is performing against industry averages on key metrics. This helps you understand how well your company is performing compared to its peers.
How do I get them?
Detailed asset reports can be obtained from multiple sources, including:
Financial statements: These are the most common source of detailed asset reports. You’ll find financial statements in annual reports, quarterly earnings releases and 10-Ks (annual reports for public companies).
Financial statements provide a snapshot of the assets owned by a company at a specific point in time — usually the end of each reporting period — along with their valuation and classification (e.g., current assets include cash, accounts receivable and inventory).
They also provide insight into how much money was spent acquiring these assets during that same period — known as capital expenditures or capex — which can help you determine whether there might be an opportunity for cost savings down the road.
Accounting software: Accounting software systems like QuickBooks generate their own versions of detailed sheets.
4. Enables Better Asset Audits
Asset management is a critical component in the success of any organization. It is essential that companies have a clear picture of their assets, including what they are, where they are and how much they are worth.
To help with this, organizations often turn to asset audits.
Asset audits help companies identify their assets and ensure they have an accurate record of what they own.
The most common way to perform an audit is by walking through every part of the business – including storage areas and offices – and writing down everything you see or hear about. This can be time-consuming, but it is also one of the most effective ways to get an accurate inventory.
However, performing an audit manually can be time consuming and costly – especially if you’re trying to do it on multiple sites at once. That’s why many organizations rely on software solutions like AssetCentric to automate their asset management processes as much as possible.
AssetCentric enables better asset audits by allowing users to create customized inventories for different parts of their business.
Managers can then use these inventories when performing audits so that they don’t miss anything important during their inspections.
Best Asset Management Software – Wrap Up
In this article, we’ve looked at the best asset management software on the market. We’ve examined each feature to help you pick the right one.
We’ve also given you some tips on how to choose an asset management tool, and why it is important to use one in the first place.
If you’re not sure where to start, our guide will help you find out more about what these programs can offer your business.
It’s important to remember that no single tool is going to suit every business, so we recommend that before investing any money into an asset management system, you speak with a specialist who can recommend a solution that will work for your needs.
