Best Enterprise Asset Management Software in 2025

Businesses nowadays rely heavily on their physical assets like machinery, vehicles, buildings and infrastructure. So, managing these assets efficiently is no longer optional; it’s essential for reducing costs, increasing uptime, and staying compliant.

Unplanned downtime, inefficient maintenance, and poor asset tracking can hurt both productivity and profits. That’s why more organizations are turning to Enterprise Asset Management software to take control of asset performance.

This guide will help you understand how EAM software works, what features to look for, and how to choose the right solution.

What is Enterprise Asset Management Software?

Enterprise Asset Management (EAM) software helps businesses manage the entire lifecycle of their physical assets—from acquisition and operation to maintenance and disposal.

It tracks asset performance, automates maintenance schedules, reduces downtime, and ensures compliance with safety and regulatory standards. EAM software also give you real-time visibility into asset health, costs, and usage, so you can make better decisions and maximize return on investment.

With EAM software, companies can:

• Monitor and optimize asset performance.
• Plan and automate preventive and predictive maintenance.
• Track maintenance history, costs, and usage data.
• Extend asset lifespan and reduce operational risk.

Enterprise Asset Management Software (EAM) vs Computerized Maintenance Management System (CMMS)

Both CMMS and EAM are used to manage assets, but they both differ in terms of functionality and scope. The Computerized Maintenance Management System focuses mainly on scheduling and managing maintenance tasks. It helps track work orders, equipment history, and routine servicing.

On the other side, Enterprise Asset Management Goes beyond maintenance. It manages the full asset lifecycle—from purchase to disposal. EAM also includes financial planning, compliance tracking, and integration with ERP, IoT, and analytics tools. If your business needs long-term asset planning, EAM is the better choice.

Must Have Features in Enterprise Asset Management Software

Enterprise Asset Management software offers various features to its users for planning and managing their assets. Here are the essential features that every EAMS should offer:

• Asset Lifecycle Management: The EAM software must offer asset lifecycle management features so that you can track your assets from purchase to disposal. This feature also records asset details, usage history, and location, helping you plan upgrades and replacements on time. It will improve decision-making by showing you when to repair, retire, or replace an asset based on real data.
• Work Order Management: You should be able to create, assign, and track maintenance tasks with ease. Work order tools allow technicians to update task status, add notes, and report issues from the field. This streamlines maintenance, reduces delays, and ensures tasks don’t fall through the cracks.
• Preventive Maintenance Scheduling: Another must have feature of EAM is primitive maintenance scheduling. You must be able to set up regular maintenance schedules to keep equipment in good shape. Furthermore, automated alerts remind teams to service assets before problems occur. This helps prevent breakdowns, reduce downtime, and extend asset life.
• Asset Performance Monitoring (APM): The EAM system should provide key performance metrics like uptime, MTBF (mean time between failures), and OEE (overall equipment effectiveness). This helps you analyze trends, detect issues early, and improve decision-making based on real asset behavior.
• IoT and Sensor Integration: Your EAM software must connect with IoT sensors and smart devices. This enables real-time monitoring of temperature, vibration, pressure, and other factors—helping you automate maintenance triggers and improve predictive capabilities.
• Asset Hierarchy and Tagging: The software must let you create a structured view of your assets with parent-child relationships. This makes it easier to manage complex systems and understand how different assets connect. You can track everything from large machines to small components using unique IDs or barcodes.
• Compliance and Audit Trails: A must-have feature is built-in compliance tracking. It should help you meet standards like OSHA, EPA, ISO, and industry-specific rules. You should also be able to manage safety inspections, incidents, and audits.
• Financial Tracking and Cost Control: The software must track costs related to acquisition, repair, energy use, and depreciation. With this data, you can create accurate budgets, reduce unnecessary expenses, and calculate ROI for asset-related decisions.
• GIS Integration: If your assets are spread across different locations, GIS (Geographic Information System) integration is a must. It lets you map asset locations, monitor performance regionally, and plan maintenance more effectively with spatial awareness.

How to Choose the Right EAM Software?

Here's a step-by-step guide to help you make a smart decision on how to find the best software to manage your enterprise assets:

1. Identify Your Needs: Start by listing the problems you want to solve like reducing downtime, improving maintenance, or tracking asset costs. This helps you focus on features that actually matter.
2. Prioritize Must-Have Features: Choose software that includes essential tools like preventive maintenance, work order tracking, mobile access, reporting, and integration with your existing systems.
3. Check Ease of Use: The system should be simple and intuitive. If it’s hard to use, your team won’t adopt it. Ask for a demo and involve your maintenance staff in testing it.
4. Consider Industry Fit and Scalability: Pick a solution that fits your industry (e.g., manufacturing, utilities, healthcare) and can scale as your company grows—whether you’re managing 100 assets or 100,000.
5. Look for Good Support and Vendor Reputation: Check customer reviews, vendor reliability, and after-sales support. A good vendor offers training, regular updates, and help when you need it.
6. Compare Pricing and Total Cost: Look beyond the license fee. Include setup, training, support, and future upgrades to understand the real cost. Choose what gives you long-term value.

Top Enterprise Asset Management Software Comparison

Here is a comparison table of the best EAM software along with their notable features and pricing plans.

Software	Best For	Industries	Deployment	Mobile Support	Pricing Model
IBM Maximo	Large enterprises with complex assets	Manufacturing, Utilities, Transportation	On-premise, Cloud	Yes	On Request
SAP EAM	Enterprises needing deep ERP integration	Automotive, Oil & Gas, Energy	On-premise, Cloud	Yes	Available on request
HxGN EAM	Industries needing mobile & cloud flexibility	Healthcare, Government, Manufacturing	Cloud	Yes	Price on request
IFS EAM	Asset-intensive industries (aviation, energy, etc.)	Aviation, Energy, Defense	On-premise, Cloud	Yes	Available on request
Asset Panda	Field service teams needing mobile-first solution	IT Services, Facility Management, Education	Cloud, Mobile	Yes	On request
Ramco EAM	Enterprises needing aviation and defense-grade asset control	Aviation, Defense, Heavy Industries	Cloud, On-premise	Yes	Custom pricing
SoftExpert EAM	Organizations seeking compliance-driven asset management	Pharma, Energy, Public Sector	Cloud, On-premise	Yes	Custom pricing

How Do We Evaluate and Select the Best Enterprise Asset Management (EAM) Software for You?

At Techjockey, we follow a user-first approach to help you find the best Enterprise Asset Management (EAM) software for your business. We evaluate each solution based on core features like asset lifecycle management, preventive maintenance, work order tracking, inventory control, and compliance support.

We focus on tools that are easy to use, scalable across departments, and capable of improving asset performance while reducing operational costs. Integration capabilities with systems like ERP, IoT, GIS, and finance tools are also a key part of our review process.

Real customer feedback, vendor reliability, and the quality of customer support play a major role in our evaluation. This way, we ensure that our recommendations align with your business goals.

Why Choose Techjockey for the Best Enterprise Asset Management (EAM) Software?

Techjockey makes it easy to find the right Enterprise Asset Management (EAM) software—without the guesswork. Whether you're managing a few critical assets or running operations across multiple locations, we help you explore and compare the top EAM solutions in one place.

Our expert team offers honest guidance, tailored recommendations, and free demos so you can choose software that matches your industry, goals, and budget. No technical expertise needed—we walk you through every step of the decision-making process.

With access to trusted vendors, real user feedback, and responsive support, Techjockey is your reliable partner in finding the best EAM software for your business.