linkdin

IT Asset Management Software

What is Asset Management Software?

Asset management software is a solution designed to record, track and manage all the assets of an organization. It records all details of an asset in every stage of its lifecycle, from procurement and maintenance to disposal. It i... Read Buyer’s Guideimg

Best Asset Management Software

(Showing 1 - 10 of 54 products)

Most PopularNewest FirstTop Rated Products
ezAtlas

ezAtlas

Brand: HCS Technologies

4.5img

4.5 out of 5

(12 user reviews)

Suitable for managing all stages of the asset lifecycle for your company.... Read More About ezAtlas read review arrow

Price On Request

Freshservice

Freshservice

Brand: Freshworks

Be the first to review

Freshservice is one of the best IT service desk solutions designed to meet the challenges faced by modern organizations. The software allows companies to... Read More About Freshservice img

₹1,499

View Plans img

Maco Fixed Asset Management

Maco Fixed Asset Management

Brand: Maco Infotech

Be the first to review

Maco Fixed Asset Management is a scalable fixed assets management software for businesses. The software is designed to cater the needs of CA professionals... Read More About Maco Fixed Asset Management img

Price On Request

Spine Asset Manager

Spine Asset Manager

Brand: Spine Technologies

4.6img

4.6 out of 5

(13 user reviews)

Spine asset management software is one of the best fixed asset management software that helps you efficiently manage your assets. This asset management so... Read More About Spine Asset Manager img

Price On Request

ezAsset

ezAsset

Brand: HCS Technologies

Be the first to review

EzAsset is a comprehensive, cloud-based asset management software. It helps manage the entire lifecycle of fixed assets from procurement, management to di... Read More About ezAsset img

₹7,500 /Month

View Plans img

Asset Management Software Product List Top Banner - 1
Asset Management Software Product List Top Banner - 2
Qelocity BillExpert

Qelocity BillExpert

Brand: Qelocity

Be the first to review

BillExpert – GST Billing software India is designed a complete invoicing billing software to take care of your daily business needs. The software follows... Read More About Qelocity BillExpert img

Price On Request

Acupoms

Acupoms

Brand: Findwise Business Solution

Be the first to review

ACUPOMS is a one touch, one login information system accessible anytime, anywhere for every need of property operation management. A cloud based ERP soluti... Read More About Acupoms img

Price On Request

TYASuite Asset Management Software

TYASuite Asset Management Software

Brand: TYASuite

4.8img

4.8 out of 5

(2 user reviews)

TYASuite Software Solutions has been leading the change amongst cloud ERP software, making ERP affordable, scalable and flexible to help smaller businesses... Read More About TYASuite Asset Management Software img

Price On Request

SUMMIT Asset Management

SUMMIT Asset Management

Brand: SUMMIT IT

4.5img

4.5 out of 5

(2 user reviews)

SUMMIT Asset Management is one of the best asset management systems available in the market. The solution enables IT companies to manage their assets eff... Read More About SUMMIT Asset Management img

Price On Request

Infor Enterprise Asset Management

Infor Enterprise Asset Management

Brand: Infor

Be the first to review

Modern, flexible asset management software.21st-century asset management drives new levels of efficiency and helps you achieve total productive maintenance... Read More About Infor Enterprise Asset Management img

Price On Request

Last Updated on : 04 Oct, 2023

ask your question about software

Got any questions?

Ask Question from Real Users
or Software Experts

img
img

We provide the best software solution for your business needs

Founded in 2016, Techjockey is an online marketplace for IT Solutions. We are a pioneer in this field, as we are taking IT solutions to SMBs & MSMEs in tier II & tier III cities and enabling digitization of day-to-day processes.

2 Million+

Happy Customers

500+

Categories

20,000+

Software listed

Asset Management Software FAQ’s

Software questions,
answered

IT asset management software is an application used to track everything about IT asset, from start to end. Its entire lifecycle is recorded in the Asset tracking software. An IT asset management software can manage both hardware and software resources.

Given below is the list of best asset management software: Techjockey Asset Management System Maco Fixed Asset Management Aruba 310 Series Access Points Freshservice Snipe It Limble CMMS Vestige EZOfficeInventory Iquate Iqcloud Infor Enterprise Asset Management SUMMIT Asset Management Asset management software demo is also available if you choose techjockey.com to buy your software.

Assets can be categorized into two types based on the management point of view Fixed Assets: It is an asset which can be seen and touched like equipment, property, furniture, computer hardware, peripherals, etc. Digital Assets: Digital assets are intangible asset which cannot be seen or touched but hold some value for any organizations like software's, subscriptions, licenses, data, information, know how, digital documents, images, audio, video, etc.

The following are the best-fixed asset management software open source: SysAid IT Asset Management Spiceworks Asset Panda Reftab Asset Management System Samsara GLPI Spiceworks It is advisable to use an advanced level asset management software rather than free fixed asset management software. You can find the best ones on techjockey.com

Asset management software for small businesses must be easy to use, affordable and reliable. Although the best asset management software depends on the needs and preferences of the organization, here are some of the most popular AMS for small businesses:  EzAsset  Freshservice  Spine Asset Manager

Hospitals need asset management systems to manage diagnosis equipment's, beds, lab machines, and other health equipment's. Here are some of the best asset management software for hospitals:  Manage Engine Asset Explorer  ezAsset  TYASuite Asset Management Software

The education industry needs the best asset management system to provide quality education and maintain compliance with legal bodies like CBSE. Some of the best asset management software considered for schools/ colleges and coaching institutes are Infor Enterprise Asset Management and AssetMint. 

Here are some widely used asset management software for manufacturing companies:  ezAsset  ManageEngine AssetExplorer  ProTrack Fixed Asset Management

IT asset management is an important aspect of IT operations because companies need to track their software and hardware assets. Asset tracking helps prevent unplanned outages or non-compliance-related expenses. 

Proper IT asset management improves company performance by helping IT professionals avoid unprecedented downtime, suboptimal deployment. The software also helps avoid unnecessary expenses associated with compliance infractions. Additionally, the process ensures that companies have proper budget predictions for replacing, renewing, adding, or disposing of a technological asset. 

Buyer's Guide for Top Asset Management Software

Found our list of Asset Management Software helpful? We’re here to help you make the right choice and automate your business processes. Let’s discover some of the essential factors that you must consider to make a smarter decision!

  • What is Asset Management Software?
  • Types of Asset Management Solutions Software
  • Features of Asset Management Software Solutions 
  • Benefits of Asset Management Software
  • What Is Asset Tracking Software?
  • Latest Asset Management Software Trends

What is Asset Management Software?

Asset management software is a business solution designed to record, track and manage all the assets of an organization. It records all details of an asset in every stage of its lifecycle, from procurement and maintenance to disposal.

An asset management system is crucial for an organization as it helps record, control, and regulate all the assets and document the vital information regarding them. It also tracks components, records maintenance logs, allocations, depreciation reports, compliance reports, and more.

Asset management software integrates all the asset management functions like recording details, categorizing, allocating, and tracking all tangible and intangible assets. It also helps standardize processes, improve operational efficiency and reduce costs of organizations that manage a large number of fixed and current assets.

Types of Asset Management Solutions Software

  • IT Asset Management Software

If the asset is related to IT, for example, if it's hardware or software, it would be considered an IT asset, and the software used to manage them is called IT asset management software. Choosing the best hardware asset management software and the best is essential for all IT companies.

IT asset management software is a dedicated asset management software that goes beyond just recording and tracking fixed assets. It integrates all financial, contractual, and risk management aspects of software, hardware, systems, fixed assets, and other intangible assets. It provides knowledge on every IT asset's efficiency, usability, ROI, etc., to asset managers, helping them make tactical and strategical decisions related to assets.

Major Users: IT Companies, Service Providers, Law/CA firms, etc.

  • Fixed Asset Management Software

This type of software tracks and manages all the fixed assets in an organization. Everything, including accounting, maintenance, and deterrence, is managed with fixed asset management software.

Fixed asset management software manages all the tangible assets of a company throughout its life cycle. It records every financial transaction related to the asset, allocation of assets, authority, maintenance logs, etc. It helps managers plan the asset's replacement in advance, monitor its actual usage against planned usage. The software performs return on investment analysis of assets purchased by the company.

Major Users: Manufacturing Companies, Small Businesses, Nursing Homes, etc.

  • Digital Asset Management Software

Digital asset management software stores and organizes all the digital assets in one location. You can find everything, including pictures, videos, and other media on a single platform.

Digital asset management system tracks all the assets across all different geographical locations in real-time. It also allows to include pictures, videos, and other media with the assets. Digital asset management systems are growing trends and are extremely important for logistics companies, the transport industry, etc

Major users: Universities, Colleges, Media Houses, Logistics Industry, Real Estate Companies

  • Enterprise Asset Management System

Enterprise asset management software covers all aspects of asset management like accounting, maintenance, repair, replacement, etc. It is widely used across most corporates as it can manage all types of assets. The software tracks and records information related to assets and enables users to analyse performance, conduct regular maintenance, and increase efficiency.

Major Users: Financial Institutions, Large Corporates, Coaching Institutes, Hospitals, etc.

Features of Asset Management Software Solutions 

  1. Configuration Database Management: CDB or Configuration Database Management helps businesses record vital configuration details of each asset at a centralized place.
  2. Purchases and Inventory: Every purchase of the asset is captured, and purchase orders can be tracked. The stock of assets can be monitored and evaluated accurately without hassles. One can also define various contract details and rules with the help of inventory management software.
  3. Depreciation: Depreciation of the assets can be evaluated flawlessly and seamlessly tracked to stay updated. Depreciation of the assets can be auto-updated in the integrated accounting module or software.
  4. RFID: RFID tags can be attached to the assets to closely monitor Tagging asset health and service requirements.
  5. License Management: Licenses need to be renewed or re-purchased on time. Asset management software provides a database for license entitlements for under-licensing and over-licensing as well. The license management tool also tracks expiration dates and license terms.
  6. Digital Asset System Management: The asset management system includes processes for storing, organizing as well as retrieving data. The software also manages digital permission and rights. It includes media assets like photos, videos, music, podcast, and various other multimedia content.
  7. Report Generation: The feature of report generation is essential for any software. With asset management software, one can generate detailed pre-defined and custom reports. Query-related reports can also be produced with detailed visual graphs and figures using asset management software.
  8. Work Order Management: Assets should be allocated and tracked to ensure the work orders and projects are executed hassle-free with optimum efficiency. Asset management systems allow you to handle all work orders and allocate assets and other resources accordingly. Work Order management feature allows managers to monitor, assign and track work orders through a single window.
  9. IT Help Desk Management: Using asset management software, employees can submit, track and monitor requests related to IT assets through a centralized portal. It also enables ticket generation, follow-ups, and task delegation for a particular request.
  10. Maintenance Management: Assets need to be scheduled for routine maintenance and repairs for extended life. Maintenance management feature software allows managers to plan a detailed maintenance schedule for every asset based on predefined schedules, priority levels, and production efficiency.
  11. Asset Discovery: Asset Discovery feature of the asset management solutions system lets you find every single asset in your organization, including intangible information. It uses barcode tags, RFID, and QR codes to track every asset of the company.
  12. Asset Usage Tracking: The asset usage tracking feature is crucial to identify the level of wear and tear in assets. It helps managers in assigning required resources for scheduling services. It tracks and records all essential data like every asset's working hour, wastage, units produced, etc.
  13. Complete Lifecycle Management: Asset Accounting feature of asset management software records and logs every transaction related to the asset. It maintains details of asset transactions like procurement costs, additions, taxes, maintained costs, part replacement cost, etc., with all invoices and bills. It also helps in generating accounting ledgers, bills, and invoices related to assets for accounting purposes.

Benefits of Asset Management Software

Reliable asset recovery

If an asset is lost in the sea of other assets, it becomes difficult to trace that out. Both manpower and time are lost in this process, and several delays are caused. You can avoid all this by simply using the best asset management software in India. It has a GPS location tracking tool's feature that helps trace every asset present in the organization.

Real-time customer service

Customers often ask for the location of their assets, that too in real-time. This software lets you keep a tab on the assets at all times. You can give details about the resources or assets with their efficacy to the customers as well.

Increased productivity

An asset's lifecycle can be calculated with asset management software, which in turn increases productivity. Assets are firstly tagged with RFID tags, then they can be tracked automatically in different stages, and dedicated resources are not required to keep an eye on the assets 24x7. In this way, employees can focus on other essential tasks.

Avoid unnecessary maintenance costs

Effective repair or replacement can be planned with asset management software. Since you already have all the information, from start to end, from its buying date to all the records about its maintenance, it becomes easy to avoid additional maintenance costs. Unproductive assets can be taken care of in their earlier stages. Monitor, replace, or repair your assets on time before it's too late.

Track asset maintenance needs

You can track which assets need maintenance and when. With asset management software, it is easier to calculate the cost as well. You can set alerts for maintenance and renewal as and when needed. The inventory software can also be integrated with ticketing software which makes the whole process a lot simpler.

Set thresholds for stock renewal

Asset auditing can also be performed with the help of asset management software. Identifying ghost assets in an organization becomes essential when they increase in numbers. They cause additional maintenance, which is not required. Similarly, if an asset is about to complete its lifecycle, it can be stocked back again. You can even reduce the compliance risks with this software.

Accurate asset-related data

Using asset management software assures that the business has accurate data related to all the assets present. Tracking and auditing at different intervals would enable companies to maintain accuracy. Accuracy is also maintained as everyone in the company can keep an eye on the real-time data about the compliance, audits, and assets on the asset management software.

What Is Asset Tracking Software?

Asset tracking software is an application used to track as well as record assets throughout their lifecycle. This includes processes from their procurement to their disposal. It provides information such as the asset’s location, who all are using it, how efficient it is, and other such details. You can manage both hardware as well as software assets with asset lifecycle management software.

Latest Asset Management Software Trends

  • Beyond Keeping Records: Companies like Ola and Uber are moving their businesses to 100% real-time tracking. Tracking every asset's health, location, operation, maintenance, ROI, etc., of every asset separately in real-time could be a strategic edge over the competitors. Most of the start-ups in India have thriving real-time asset management needs.
  • Transforming into Asset Knowledge Base: Asset management software is moving ahead of just tracking and recording an asset. DAM software is updated as per legal compliance and record, depreciate, and report assets value as per the updated rules. Asset management software now informs users about underutilized and inefficient assets, opportunity cost, deployment strategies, and much more.
  • Increasing Mobility: New-age tech-savvy consumers prefer to work on their smartphones and tablets. Organizations need to also be in a position to provide that option for their employees. This is where mobility features offered by asset management software should match the market trend. This will help organizations secure a competitive edge over other businesses in their industry.
  • Valuation and ROI: The new age of asset management software solutions are built with state-of-the-art techs like AI. Asset management software can now provide precise Net realization Value, Scrap Value, and the remaining life of asset-based on industry standards, asset health, and usage. This cuts down the cost of actuarial services and helps to maintain legal compliance. Also, some AMS can calculate the present ROI and cash flow of every machinery separately, blockwise, and location-wise to provide a knowledge base for decision making.

Author: Kalpana Arya

Still got Questions on your mind?

Get answered by real users or software experts

20,000+ Software Listed 20,000+ Software Listed

Best Price Guaranteed Best Price Guaranteed

Free Expert
                        Consultation Free Expert Consultation

2M+ Happy Customers 2M+ Happy Customers