13 Best Asset Management Software for Businesses to Consider in 2023

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Asset Management Solutions for Businesses in 2023

Today, we are going to talk about asset management for businesses and take a look at some of the best asset management software available in the market today.

A company’s assets are its most valuable resource. Yet, around 30% of the assets of many companies are neither systematically accounted for, nor vetted for threats. This makes up a considerable amount of a company’s overall wealth, even for smaller firms with limited assets.

Of the companies that are prompt with their asset tracking, 25% still rely on archaic methods such as spreadsheets. The difficulty of asset management is a major reason for these concerning statistics.

The Best Asset Management Software for Businesses in 2023

ManageEngine AssetExplorer: ManageEngine AssetExplorer is an IT asset management software that tracks and manages your business’s IT assets. It offers various methods to discover all IT assets connected to your network. This software also includes features for subscription/license management, software management, and compliance support.

Key Features of ManageEngine AssetExplorer:

• IT Asset Management: Track asset lifecycles and auto-discover all assets in your network.
• CMDB: View and manage relationships between configuration items.
• Software Asset Management and License Compliance: Manage license compliance and identify unused software.
• Purchase Order and Contracts: Generate sale orders and track contract rules and details.
• Reports: Receive detailed custom reports to your inbox.
• End-to-End IATM Mobile Application: Discover, manage, and track all hardware and software assets from anywhere with the mobile app for iOS and Android.

SAP EAM: SAP EAM is an enterprise asset management software that improves maintenance processes, ensures production readiness, and enhances company results. It includes digital asset management software for a comprehensive solution.

Key Features of SAP EAM:

• Asset Tracking: Track changes and work done on individual assets.
• Predictive Management: Determine asset condition and schedule maintenance.
• Collaborative EAM: Disclose best practices for asset management and maintenance.
• Asset Performance Management: Collect equipment information and share performance analytics.
• Work Order Management: Manage work orders from creation to completion.
• Maintenance Management: Schedule, assign, and record maintenance tasks.
• Risk and Criticality Assessment: Calculate risk scores and impact categories.
• Centralized Asset Data Repository: Access all asset details from one place.
• 360-Degree View of Assets: Gain a complete view of your asset model.
• Mobile Asset Management: Maintain work orders and processes online and offline.

IBM Maximo: IBM Maximo is a fixed asset management software that combines enterprise asset management with maintenance management. It helps in tracking and managing the full lifecycle of enterprise assets.

Key Features of IBM Maximo:

• Data Collection: Collect a range of data to understand asset health.
• Work Management: Turn recurring tasks into job plans and automate alerts.
• Flexible Deployment: Multiple deployment options for your system.
• Asset Management: Log asset information and perform asset modeling functions.
• Supply Chain Management: Manage inventory levels, automate reorders, and monitor vendor performance.
• Analytics: Perform descriptive, predictive, and prescriptive analytics functions.
• IoT & Watson IoT Integration: Identify and transform information from IoT sources into asset-based data.

ServiceNow: ServiceNow ITSM provides modern and cloud-based service management to automate processes, boost productivity, improve data visibility, and get better reporting.

Key Features of ServiceNow ITSM:

• Incident Management: Identify IT failures for quick service restoration.
• Performance Analytics: Understand IT performance trends.
• Reports and Dashboards: Manage IT service delivery using operational analytics.
• Problem Management: Analyze root causes of IT failures.
• Walk-Up Experience: Manage queries made to the service center.
• Service Level Management: Monitor service restoration and resolution of issues.
• Change and Release Management: Authorize and implement variations to IT infrastructure.
• Agent Workspace: Boost IT agent productivity with an intuitive console.
• Configuration Management: Track all infrastructure elements.
• Enterprise Onboarding and Transitions: Enable IT and HR collaboration in workspace management.

NinjaRMM: NinjaRMM is a remote monitoring and management software suitable for small and midsize businesses. It offers a single-pane experience for remote monitoring and enhances efficiency and productivity.

Key Features of NinjaRMM:

• Monitoring and Altering: Track IT assets remotely and create custom alerts.
• Endpoint Monitoring: Monitor employee devices and servers remotely.
• Network Management: Monitor multiple networks simultaneously.
• Workflow Management: Streamline workflow management for IT services.
• Mobile Management: Manage IT assets on various OS devices using the mobile application.
• Automation: Schedule script alerts and automate tasks based on user-set criteria.
• Patch Management: Remotely update security measures on devices.
• Asset Management: Manage asset lifecycles and track asset usage and health.

Freshservice: Freshservice is a cloud-based ITSM designed to help IT organizations deliver top-quality services to their users. It automates processes, boosts productivity, improves data visibility, and provides better reporting.

Key Features of Freshservice:

• Incident Management: Identify IT failures for quick service restoration.
• Performance Analytics: Understand IT performance trends.
• Reports and Dashboards: Manage IT service delivery using operational analytics.
• Problem Management: Analyze root causes of IT failures.
• Walk-Up Experience: Manage queries made to the service center.
• Service Level Management: Monitor service restoration and resolution of issues.
• Change and Release Management: Authorize and implement variations to IT infrastructure.
• Agent Workspace: Boost IT agent productivity with an intuitive console.
• Configuration Management: Track all infrastructure elements.
• Enterprise Onboarding and Transitions: Enable IT and HR collaboration in workspace management.

Zoho: Zoho offers IT asset tracking software that helps track all your assets and licenses from a central location. This software simplifies asset management and ensures all information is up-to-date and accessible.

Key Features of Zoho IT Asset Tracker:

• Round-the-clock Asset Tracking: Keep track of all assets at all times.
• Multiple Asset Tracking: Track software, hardware, and machine assets.
• Customization: Add custom features or fields to the application.
• Mobility: Access reports and analytics on the go with the mobile app.
• Integrations: Integrate the asset management app with other Zoho applications and third-party apps.

Spiceworks: Spiceworks offers free IT asset management software that helps you keep track of everything happening on your network. It offers critical maintenance facilities and simplifies asset tracking and management.

Key Features of Spiceworks IT Asset Management Software:

• Inventory: Collect and record details of all assets on your network.
• Easier Tracking: Simplify asset tracking for your business.
• Cloud Service Integration: Connect your cloud services and manage your workload remotely.
• Easier Reporting: Generate custom reports to keep track of all activities.

BMC Track-It!: BMC Track-It! is a digital asset management software with features for tracking assets, generating detailed reports, and managing maintenance processes.

Key Features of BMC Track-It!:

• Automatically Detect New Assets: Track new assets and record necessary details.
• Asset Details: Gather asset details to assist in decision-making.
• Asset Groups: Classify assets into groups and subgroups.