Asset management system software has become an indispensable resource for businesses of all sizes and industries, from large enterprises to start-ups and everything in between. It provides businesses with a technological solution for keeping track of physical assets such as software licenses or equipment and resources like hardware. Businesses using asset management system software can keep tabs on inventory levels while monitoring the status/location of their assets, scheduling maintenance schedules accordingly, planning future investments, and keeping an eye on inventory levels and replenishment.
This article will outline the advantages of asset management software for businesses and provide a selection of the top 10 asset management options available today, along with their key features.
What is Asset Management System Software?
Asset management system software provides organisations with a powerful way of tracking assets throughout their lifespan, from procurement to disposal. Businesses using asset management system software can maintain an accurate inventory of assets such as their location, condition and status – as well as plan maintenance repairs on them and forecast related expenses.
Asset management software typically includes features for tracking assets, maintenance management, procurement management and reporting. It can be tailored to suit various organisations’ unique requirements, from small businesses to larger enterprises.
Why use Asset Management Software?
Asset management software offers businesses many advantages, including:
Increased Efficiency: Asset management software automates many manual processes, decreasing the time and effort needed to oversee assets and leading to increased productivity and efficiency.
Improved Accuracy: Asset management software offers real-time data on asset locations, conditions and status, which helps reduce errors while improving accuracy.
Reduce Risk: Asset management software can assist businesses in identifying security threats and protecting assets against theft or loss.
Increased Decision-Making Capability: Asset management software provides businesses real-time data and insights to assist with informed asset management decisions and investment choices.
How Can You Select an Asset Management Software?
Selecting an asset management software solution can be a difficult process, but you should keep certain key points in mind to simplify it. Here are some key aspects of asset management software selection.
Size and Complexity: Your business size and complexity will play a crucial role in determining what type of asset management software you need, from small operations that need something straightforward like spreadsheets to larger enterprises that demand advanced features that require complex asset tracking software systems with numerous options for management.
Budget: Asset management software costs can range from several hundred to several thousand dollars. So, when selecting an asset management system, it is important to carefully consider your financial constraints and investment preferences before selecting.
IT Infrastructure: Before selecting asset management software, inventory your current IT systems to ensure compatibility between existing systems and what you select as asset tracking software.
Ease of Use: Consider asset management software’s user interface and ease of use when making your decision. A system with intuitive navigation can reduce training times while increasing user adoption rates.
Customisation: When considering asset management software solutions for your organisation, ensure they can be tailored specifically to the unique requirements of your business.
Top Ten Asset Management Software Solutions with Advanced Features
1. NinjaOne (formerly NinjaRMM):
NinjaOne is a cloud-based IT management solution offering a host of features, such as asset tracking, patch management, and remote monitoring and management. Businesses can utilise this real-time IT management tool to monitor and control their assets while receiving customised alerts or notifications to stay abreast of any issues that may arise.
Features
- Asset tracking
- Patch management
- Remote monitoring and management
- Customizable alerts and notifications
- Real-time reporting
2. SuperOps.ai
SuperOps.ai is an all-in-one IT service management platform with asset management features, including automated asset discovery, inventory control, reporting, and analytics capabilities. Furthermore, SuperOps offers a mobile app enabling users to manage assets anytime, anywhere.
Features
- Asset tracking
- Inventory management
- Automated asset discovery
- Reporting and analytics
- Mobile app
3. Jira Service Management
Jira Service Management is a cloud-based service desk and asset management solution with customisable workflows that provide incident, change and knowledge management features for businesses to monitor their assets from acquisition to disposal. Businesses can manage assets with this tool from purchase through procurement until disposal; customisable workflows also accommodate unique organisational needs.
Features:
- Asset management
- Incident management
- Change management
- Knowledge management
- Customizable workflows
4. Freshservice
Freshservice is a cloud-based IT service and asset management platform featuring incident, change and procurement management features for businesses to oversee their assets throughout their lifespans, plus a mobile app that simplifies managing assets.
Features:
- Asset management
- Incident management
- Change management
- Procurement management
- Mobile app
5. Solar Winds
SolarWinds provides a comprehensive IT asset lifecycle management platform featuring features such as asset inventory, tracking, reporting and analytics, and customisable dashboards allowing businesses to monitor and manage their assets in real-time. Furthermore, this software includes IT asset lifecycle management capabilities to aid organisations in managing assets throughout their life cycle.
Features:
- Asset inventory
- Asset tracking
- Reporting and analytics
- Customizable dashboards
- IT asset lifecycle management
6. Nifty
Nifty is an all-in-one project and asset management solution featuring asset tracking, project planning and time tracking features, and collaborative tools designed to strengthen team collaboration with more efficient and customisable workflows that can be tailored specifically to fit the unique requirements of different organisations.
Features:
- Asset management
- Project management
- Time tracking
- Collaboration tools
- Customizable workflows
7. xAssets IT Asset Management Software
xAssets IT Asset Management Software provides cloud-based IT asset management solutions with features like asset tracking, software license administration and discovery of IT assets. In addition to offering an Android mobile app to facilitate on-the-go asset management and reporting and analytics features that deliver real-time insights into asset management activities, its mobile app enables users to stay in control. In contrast, on-the-go management capabilities provide real-time insight.
Features:
- Asset tracking
- Software license management
- IT asset discovery
- Mobile app
- Reporting and analytics
8. AssetExplorer
AssetExplorer is a cloud-based IT asset management solution with various features for the asset, software license, and asset discovery management. Additionally, remote desktop sharing capabilities provide remote support services to users and reporting and analytics features provide real-time insights into asset management practices.
Features:
- Asset management
- Software license management
- IT asset discovery
- Remote desktop sharing
- Reporting and analytics
9. Spiceworks IT Asset Management Software
Spiceworks IT Asset Management Software provides businesses with a free cloud-based IT asset management solution with features including asset inventory, tracking and software license management, and IT asset discovery to identify all of their networked assets. In addition, customisable reporting provides real-time insight into asset management.
Features:
- Asset inventory
- Asset tracking
- Software license management
- IT asset discovery
- Customizable reporting
10. Asset Panda
Asset Panda is a cloud-based asset tracking and management solution with features like asset tracking, maintenance management and customisable workflows. Barcode scanning capabilities help businesses quickly and accurately identify assets. At the same time, the mobile app allows users to monitor assets while on the go and customisable workflows tailored specifically for individual organisations.
Features:
- Asset tracking
- Maintenance management
- Customizable workflows
- Barcode scanning
- Mobile app
Conclusion
Asset management software can help businesses more effectively manage their assets, saving time, reducing errors, and improving overall performance. When choosing an asset management solution, businesses should carefully evaluate features like ease of use, scalability, cost, and integration support offered by each software package – including those listed above with distinctive capabilities and features.
FAQ’S on Asset Management Software
What is Asset Management Software?
Asset management software allows organisations to track, maintain, and administer their physical and IT equipment assets from procurement through disposal. It helps companies accurately record each asset’s lifecycle from procurement through disposal.
What are the Benefits of Asset Management Software?
Asset management software offers many advantages for improving asset visibility, reducing downtime, enhancing maintenance and repair schedules, meeting compliance/audit requirements, saving costs and increasing efficiency.
What types of businesses could benefit from asset management software?
Asset management software can benefit any organisation that owns physical or IT equipment, including manufacturing, healthcare, education and IT industries.
Are technical skills required for using asset management software?
Most asset management applications are user-friendly and intuitive; however, more in-depth technical expertise may be required for certain functions, such as network monitoring or troubleshooting.
Can asset management software integrate with other business systems?
Many asset management solutions offer integrations with ERP, CRM and finance systems for an easier asset management process. This can make for a streamlined asset management process.