Losing track of your company’s assets?
Manual tracking with spreadsheets often leads to errors, asset loss, and unplanned downtime that can cripple your operations and drive up expenses.
It’s a frustrating cycle. Wasted time on administrative tasks means you have less time to focus on optimizing your inventory and cutting costs.
It’s a common struggle. A report from the Business Research Company highlights that businesses increasingly adopting automation to overcome manual inefficiencies and centralize their data.
The right software provides the solution, giving you a central view of every asset so you can finally regain control and stop overspending.
In this guide, I’m going to review the best asset management software available. I’ll show you tools that streamline tracking and boost your bottom line.
By the end, you’ll know exactly which platform can help you reduce losses, ensure compliance, and maximize the value of your assets.
Let’s get started.
Quick Summary:
| # | Software | Rating | Best For |
|---|---|---|---|
| 1 | Asset Panda → | Mid-size to large enterprises | |
| 2 | Freshworks → | IT and operations teams | |
| 3 | InvGate → | IT focused organizations | |
| 4 | EZO → | Asset-intensive businesses | |
| 5 | GoCodes → | Fleet and equipment managers |
1. Asset Panda
Struggling to control your organization’s scattered assets?
Asset Panda’s highly configurable platform helps you track every item, from digital contracts to physical laptops, exactly how you work.
This cloud-based solution means you’ll never lose track of an item again, improving efficiency and saving you valuable time and money.
Ready for smarter asset management?
Asset Panda empowers you to track everything in one consolidated place, eliminating messy spreadsheets. You can view full action histories, warranty details, user manuals, and photos all within a single interface.
The platform’s mobile app with barcode scanning means you can access and update asset information on the go, making inventory audits easier. You also get unlimited users, allowing your entire team, from executives to front-line workers, to view reports and manage assets on the move. Your team gains critical visibility.
Optimize your asset lifecycle.
While focusing on asset management, remember that comprehensive data tracking and compliance extends to digital privacy.
Key features:
- Customizable platform: Adapts to your unique asset tracking needs, whether for IT equipment, construction tools, or educational devices.
- Comprehensive visibility: Centralizes all asset data, including history, warranties, and photos, eliminating reliance on messy spreadsheets.
- Mobile barcode tracking: Enables on-the-go asset auditing and updates via mobile app, enhancing accuracy and saving time for your team.
Learn more about Asset Panda features, pricing, & alternatives →
Verdict: Asset Panda provides a flexible, user-friendly, and comprehensive solution for organizations struggling with asset visibility and control. Its robust features and customer success stories make it a strong contender for the best asset management software to reduce costs and enhance efficiency.
2. Freshworks
Are you losing track of your valuable assets?
You might struggle with manual tracking and compliance headaches. Freshworks helps you consolidate and track your assets, giving you one source of truth.
This means you can say goodbye to misplaced items and hello to better control over your company’s equipment. You can now make smarter decisions.
It’s time for a better way.
Freshworks offers a unified suite that combines IT service management, customer service, and sales automation, all designed to help you run your business smoothly. You can centralize asset information and workflows, making it easier to manage everything from one place.
This platform helps you keep tabs on every asset, preventing loss and optimizing utilization. You can streamline your operations, reduce costs, and avoid unnecessary purchases by knowing exactly what you have and where it is. It even simplifies IT support.
You get real-time visibility, automated workflows, and comprehensive reporting, ensuring you maximize asset value, meet compliance needs, and support your business growth efficiently. This comprehensive solution saves you significant time and money.
Manage assets with confidence.
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Key features:
- Unified Suite: Freshworks combines IT service management and customer service, providing a centralized platform to manage all your asset-related inquiries and workflows.
- Asset Tracking: Gain real-time visibility into your physical and digital assets across all locations, helping to prevent loss and improve overall asset utilization.
- Streamlined Operations: Automate workflows and consolidate asset information, reducing manual tracking efforts and ensuring compliance with ease.
Learn more about Freshworks features, pricing, & alternatives →
Verdict: Freshworks helps asset managers, IT administrators, and operations leaders overcome pain points like asset loss and inefficient tracking. Its unified suite and comprehensive visibility make it a strong contender as the best asset management software, simplifying compliance and driving smarter decision-making for your business.
3. InvGate
Tired of asset management headaches?
InvGate Asset Management gives you a unified platform to streamline and intelligently automate every stage of the asset lifecycle. You can manage your entire asset inventory and control Asset Lifecycle Management, which helps you avoid losses and improve efficiency. This means you’ll have real-time visibility and optimized IT spending.
You can revolutionize how you do IT and service delivery.
InvGate solves the problem of decentralized and manual asset tracking by providing a unified platform. You can efficiently manage your asset inventory, control the entire asset lifecycle, and optimize IT spend. The no-code workflow builder gives you the autonomy to implement new processes and changes, streamlining your operations without needing third parties. This unified platform empowers your teams to work smarter, not harder, improving response times and ensuring compliance. InvGate also helps you achieve structured IT Governance and integrates with your current tech stack.
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Key features:
- Unified Asset Lifecycle Management: Automates every stage of the asset lifecycle, from procurement to disposal, saving your IT team significant hours of work.
- AI-Enhanced Service Delivery: Utilizes AI to improve responses, generate knowledge articles, summarize tickets, and recommend solutions for faster issue resolution.
- No-Code Workflow Automation: Empowers you to implement new processes and changes autonomously, providing flexibility and eliminating reliance on third-party developers.
Learn more about InvGate features, pricing, & alternatives →
Verdict: InvGate’s unified platform and AI capabilities make it the best asset management software for organizations struggling with asset loss and inefficient tracking. With features like automated lifecycle management, users have reported saving over 1000 hours annually, enabling more agile and strategic decisions.
4. EZO
Are missing assets a constant headache for your team?
EZO offers centralized asset intelligence, enabling you to track every piece of equipment using barcodes, QR codes, or RFID.
This means you can easily maintain custody records and ensure no more missing assets, protecting your valuable equipment.
Take full control of your assets.
EZO helps optimize physical asset efficiency and utilization, putting every asset right in the palm of your hand. You can manage assets on the go, replacing bulky scanners with a single mobile app for instant updates. Automated workflows and recurring maintenance schedules keep your assets in top shape. This solution simplifies inventory management, IT asset tracking, and overall physical asset optimization. It also features a self-serve request portal and a Fulfillment Center to streamline asset requests and approvals, ensuring assets get to the right people quickly and efficiently, minimizing delays.
Maximize ROI with asset intelligence.
While we’re discussing asset management solutions, you might find my guide on best hospital asset management software helpful.
Key features:
- Comprehensive Asset Tracking: Track physical assets using barcodes, QR codes, or RFID, ensuring clear custody records and location management down to the shelf.
- Automated Workflows & Maintenance: Build automated workflows, set up recurring maintenance, and optimize repair schedules to extend asset lifespans and boost utilization.
- Centralized Request Management: Empower your team with a self-serve request portal and a centralized Fulfillment Center to manage all asset requests and speed up approvals.
Learn more about EZO features, pricing, & alternatives →
Verdict: EZO offers robust features like comprehensive asset tracking, automated workflows, and a centralized request portal. This helps asset managers and operations leaders gain real-time visibility, reduce losses, and optimize asset value. It stands out as an excellent choice for organizations seeking the best asset management software to streamline operations.
5. GoCodes
Are you tired of losing tools and struggling with asset tracking?
GoCodes helps you track and manage your fleet and equipment everywhere with easy-to-use software and state-of-the-art trackers.
You’ll gain comprehensive control over your assets, from vehicle utilization to calibrations, eliminating lost or stolen items. This system puts everyone on the same page.
Ready to simplify asset management?
GoCodes provides a complete solution to track everything from heavy equipment to hand tools. You can manage vehicle utilization, driver safety, chain of custody, and repairs.
With included customizable QR codes, you get a one-stop shop for easy tracking. You can also upgrade to rugged metal tags or add powerful Real-Time, Beacon, and RFID/NFC trackers for enhanced capabilities.
The software offers robust features like Fast Checkout, Barcode Scanning, and Real-Time GPS, alongside Notifications/Alerts and Kitting/Grouping. You’ll also find Equipment Utilization, Material Management, Document Management, Fixed Asset Accounting, Warranty Tracking, Customizable Set Up, Flexible User Roles, Access Controls, Analytics/Report Designer, and Automated Audits, ensuring you have the tools needed to work smart.
It’s time to work smarter.
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Key features:
- Comprehensive Tracking Options: Utilizes patented QR codes, Real-Time GPS, Bluetooth Beacons, and RFID/NFC tags, providing flexible solutions for diverse asset tracking needs.
- Intuitive Software & Apps: Features a user-friendly interface with free smartphone scanner apps, eliminating the need for additional hardware and ensuring quick setup and adoption.
- Advanced Management Capabilities: Offers essential functionalities such as Fast Checkout, Real-Time GPS, Automated Audits, and customizable reports for streamlined operations and improved decision-making.
Learn more about GoCodes features, pricing, & alternatives →
Verdict: GoCodes offers a robust and user-friendly platform, making it the best asset management software for organizations struggling with asset loss and inefficient tracking. Its patented QR tags, various tracker options, and comprehensive features like automated audits simplify asset visibility and utilization, saving your time and cutting costs.
6. ManageEngine
Struggling to track and optimize your diverse IT assets?
ManageEngine provides unified endpoint management and security to oversee your desktops, laptops, and mobile devices effectively.
This lets you regain control, reducing asset loss and ensuring compliance by centralizing your asset data. It empowers you to take control of your IT.
Take control of your IT.
ManageEngine helps you design, automate, deliver, and manage both IT and business services. Their solutions include IT asset management, which centralizes visibility.
You can monitor and manage your network, servers, and applications, ensuring high availability and securing critical data. Visualize IT data to gain actionable insights into your IT operations, allowing smarter decision-making. Moreover, you can secure your network from cyberattacks and ensure compliance, all while managing digital identities and privileged access.
Managing your IT infrastructure becomes effortless.
Key features:
- Unified Service Management: Automate and manage IT and business services, integrating IT asset management for comprehensive oversight and streamlined operations.
- Unified Endpoint Management and Security: Secure and manage desktops, laptops, servers, and mobile devices, ensuring comprehensive control over your IT infrastructure.
- IT Operations Management and Observability: Monitor and manage networks, servers, and applications, providing real-time insights and enhancing overall operational efficiency.
Learn more about ManageEngine features, pricing, & alternatives →
Verdict: ManageEngine offers robust IT asset management features, including unified service management and endpoint security, to help you regain control of distributed assets. This enterprise-grade solution reduces losses, maximizes value, and ensures compliance, making it an excellent choice if you seek the best asset management software.
7. Snipe-IT
Are spreadsheets burying your asset management?
Snipe-IT offers a powerful, user-friendly system that eliminates the chaos of manual tracking.
This robust solution helps you overcome challenges like asset loss and compliance headaches by providing a centralized system. It delivers real-time visibility to optimize your inventory.
Say goodbye to asset management turmoil.
Snipe-IT helps you streamline operations with comprehensive features. For instance, its robust REST API allows you to build custom integrations and automations tailored to your specific needs, ensuring your IT operations run smoother.
You can track assets and users efficiently, simplifying audits and reducing wasted time. Plus, with its cloud-hosted platform, you benefit from a 99.99% SLA uptime guarantee and global data centers for reliability and speed, all backed by frequent updates and dedicated support.
Finally get clarity on your assets.
Key features:
- Robust REST API: Build custom integrations and automations, allowing your developers to tailor the system to your company’s unique needs and workflows.
- Enhanced Security: Benefit from industry-standard best security practices like bcrypt with brute-force prevention and 2FA, ensuring your asset data remains protected.
- Flexible Hosting Options: Choose between self-hosting Snipe-IT for free or leveraging affordable cloud-hosting plans with a 99.99% uptime guarantee.
Learn more about Snipe-IT features, pricing, & alternatives →
Verdict: Snipe-IT is an open-source, user-friendly solution that transforms chaotic spreadsheet tracking into a streamlined process. With over 17 million assets and 8 million users managed, its powerful API, robust security, and flexible hosting make it a top contender for the best asset management software, reducing costs and freeing up your time.
8. Reftab
Tired of losing track of your valuable equipment?
Reftab offers intuitive asset tracking to centralize your inventory. This helps you monitor everything easily, from IT equipment to tools, no matter where your assets are located. You can even track who has what, ensuring accountability.
Discover seamless asset management for your business.
Reftab simplifies asset management, letting you track and manage your physical and digital assets with ease. It provides a straightforward system for monitoring items, helping you know their location and status in real-time. This reduces losses and enhances efficiency across your operations.
You can quickly check items in and out, assign them to users, and schedule maintenance, ensuring your assets are always where they need to be and in top condition. Reftab also integrates with barcode and QR code scanners, making inventory updates incredibly fast and accurate, freeing up your team’s time for more important tasks. This helps you maximize asset value.
Achieve complete control over your assets.
While we’re discussing asset tracking, understanding regulatory reporting needs is equally important for many businesses.
Key features:
- Simple, intuitive interface: Track and manage your assets effortlessly, reducing the learning curve and empowering your team to quickly adopt the system for daily use.
- Comprehensive asset tracking: Keep tabs on IT equipment, tools, and all other valuable assets across multiple locations, ensuring nothing gets lost or misplaced.
- Efficient check-in/out processes: Streamline asset assignment and retrieval with integrated barcode and QR code scanning, saving time and improving data accuracy.
Learn more about Reftab features, pricing, & alternatives →
Verdict: Reftab is designed to be the best asset management software for organizations seeking simplicity and comprehensive tracking. Its intuitive interface and robust capabilities for managing inventory, from IT gear to tools, directly address pain points like asset loss and inefficient manual processes, making it ideal for streamlining operations.
9. Limble CMMS
Are you constantly battling unplanned downtime and rising costs?
Limble CMMS offers robust asset tracking and automated preventive maintenance to keep your operations running smoothly.
This helps you gain real-time visibility into asset health, ensuring nothing falls through the cracks or costs you money.
It’s time to optimize your maintenance efforts.
Limble CMMS tackles these issues head-on, centralizing essential maintenance data and simplifying work order management to boost your team’s productivity. You can assign, complete, and track tasks from anywhere, eliminating wasted time on manual follow-ups. Their mobile app facilitates seamless on-the-go task execution, while QR code-enabled work request portals simplify submissions.
Automated preventive maintenance schedules mean you can prevent costly breakdowns before they occur. The software provides instant dashboards for leadership and technicians, offering KPI tracking to monitor crucial metrics like downtime and costs. You can also automate reports to demonstrate maintenance ROI, helping you make smarter decisions about asset replacement and resource allocation.
You will also effortlessly manage your spare parts inventory, with real-time tracking and automated alerts to restock critical components. Limble CMMS integrates maintenance with production schedules, standardizing workflows, and ensuring regulatory compliance with features that simplify audits and enforce safety protocols.
Take control of your assets and reduce operating costs.
Key features:
- Centralized Work Order Management: Streamline assigning, tracking, and completing tasks with real-time updates and a mobile app for on-the-go execution.
- Automated Preventive Maintenance: Auto-schedule maintenance tasks to prevent unplanned downtime, optimize schedules, and ensure proactive asset care.
- Real-time Asset Tracking & Reporting: Gain instant visibility into asset health, track maintenance history, and generate automated reports to prove ROI.
Learn more about Limble CMMS features, pricing, & alternatives →
Verdict: Limble CMMS stands out as a best asset management software solution by offering robust features like real-time asset tracking, automated preventive maintenance, and simplified work order management. It helps minimize downtime and costs, as shown by companies like Tara Manufacturing saving $100,000, empowering you to optimize performance and ensure compliance.
Conclusion
Tired of tracking assets with spreadsheets?
Choosing from so many options is tough. A poor software choice only adds to the chaos of lost items and unplanned operational downtime.
The good news is that technology is solving this. A report by Precedence Research shows AI-powered asset management tools streamline processes. They help optimize resource usage and costs, shifting you from reactive fixes to predictive control.
So, here’s my top recommendation.
From my evaluation, Asset Panda stands out. Its highly configurable platform is built to solve the core problem of scattered, untracked business equipment.
You can track everything from IT gear to physical tools exactly how you need to. I believe it’s the best asset management software for gaining total visibility.
For businesses looking to optimize specific operations, my guide on best insurance claims management software is a valuable resource.
I highly recommend you book a free demo of Asset Panda and see exactly how it fits your unique workflow.
You’ll regain control and cut unnecessary costs.
