Categories   >   Fixed Asset Software
Last Reviewed: November 14th, 2024

Best Fixed Asset Software Of 2024

What is Fixed Asset Software?

Fixed Asset Software is a tool designed to manage and track an organization's tangible assets. It alleviates the problems of inefficient manual tracking, calculation errors in depreciation, and non-compliance with asset-related regulations. Businesses heavily laden with physical assets, like manufacturing, hospitality, or healthcare, invariably benefit the most. The software's salient features include asset tracking, lifecycle management, depreciation calculation, and audit-ready reporting. Despite the undeniable boon, the software comes with its constraints- a potentially complex set-up process and the requirement for trained personnel. Advancements in this field are bringing in features such as IoT-enabled tracking and AI-powered predictive analysis. In summary, fixed asset software, despite its initial challenges, presents an invaluable solution to the thorny issues of asset management. It fosters transparency, compliance, and efficiency, delivering substantial savings in time and resources, justifying its worth as a key business tool.

What Are The Key Benefits of Fixed Asset Software?

  • Streamlines asset tracking
  • Enables accurate depreciation calculation
  • Promotes regulatory compliance
  • Fosters business transparency
  • Manages asset lifecycle efficiently
  • Facilitates audit-ready reporting
  • Saves time and resources
  • Reduces calculation errors
  • Supports strategic decision-making
  • Allows predictive asset analysis
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Overall

Based on the latest available data collected by SelectHub for 47 solutions, we determined the following solutions are the best Fixed Asset Software overall:

Maximo
Maximo
Start Price
$3,150
Monthly
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
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Why We Picked Maximo

IBM Maximo Asset Management helps users perform preventive repairs to extend asset lifespans, monitor assets and equipment, manage contracts, and control inventory. It excels in asset management, tracking and reports. With an intuitive design, plenty of integrations and a high degree of customization, it provides flexibility and ease so users can get the most out of it. However, the UI can be difficult for new users and the cost for licensing is on the higher end. Reviews also cited difficulty with attachments and a complex implementation process as drawbacks. Overall, it’s a good fit for businesses looking for a CMMS with plenty of features that go far beyond asset management.

Pros & Cons

  • Asset Management: Every user who mentioned this aspect appreciated that the system helps reduce asset downtime.
  • Customization: Extensive customizations help users fit the software to their company, according to every review referring to this feature.
  • Tracking: All users mentioning tracking liked that the system helps keep track of site issues, inventory, assets and expenses.
  • Easy to Use: More than 90% of reviews on usability said the solution has an easy-to-use interface.
  • Reports: Reports have helped in analyzing the expense on individual assets and more, as stated by more than 70% of users referring to this feature.
  • Integration: Integration with multiple systems like SCADA has helped smooth out various processes, according to more than 60% of reviews mentioning this feature.
  • User Interface: More than 60% of reviewers referring to the interface felt that it needs to be improved so novice users can easily adapt to it.
  • Implementation: The implementation process is hard and has a steep learning curve, according to all users referring to this aspect.
  • Pricey Licensing: More than 80% of reviewers felt that the cost of licensing was on the higher end.
  • Attachments: It’s difficult to link external documents like Word and Excel, and attaching images takes awhile, according to every review referring to this feature.

Key Features

  • Asset Management: Manage asset operations, conditions, work centers, applications and inventory. Give restricted access to the system and menu options. 
  • System Administration: Provides a framework to share items and data as well as manage communication templates. Includes site and organization setup, bulletin boards, classification hierarchies for assets, locations and work orders, query tickets, item type configuration, and a calendar to track labor, activities and equipment working time. 
  • Asset Lifecycle Management: Stores information like asset number, location, parent and vendor, as well as tracks asset location and arranges them in a logical hierarchy. Also helps: 
    •  Define physical features like guard rails and mile markers and associate those features with one or more linear assets. 
    •  Add or modify meter names and sets of attributes that define the meter. 
    •  Define multiple measuring points, specify alarm limits and set acceptable meter readings. 
    •  Build and construct failure hierarchies and understand root problems. 
  • Analytics: View scheduled reports and monitor KPIs to analyze the maintenance and lifecycle of assets. 
  • Task and Activity Management: Plan, review and manage tasks, activities and work orders. 
  • Contracts Management: Manage labor, purchases, leases, pricing, warranties, rental, service and software contracts. Includes blanket and master contracts, rule definition for each type, and a historical view of contracts. 
  • Financial Management: Define and set currency codes and exchange rates, set general ledger account fields and track project costs to determine the resources needed for project execution. 
  • Integration: Connect with enterprise systems and set up flows between apps. Supports multiple communication modes, UI-based integration, and bulk export and import of data. 
  • IT Infrastructure Management: Specify rules for creation and management of relationships between configuration items. Offers service requests, incidents and work orders as well as grants full control over records like items, assets and location configurations. 
  • Inventory Management: Provides data entry via barcode, service item records, tool records, item grouping, supplier lists, pick lists and more. Also helps: 
    •  Create and manage information about stocked, non-stocked and special order items. 
    •  See when an item is below a specified level with notifications. 
    •  Store information on item locations and view stocked items in the storeroom. 
  • Job Planning Management: Manage plans, detail work descriptions and view assets that require a stop during inspection or maintenance checks. 
  • Preventive Maintenance: Account for labor, materials, service and tools to better plan, manage, budget and schedule regular maintenance. Master records provide a template for future maintenance. 
  • Purchase Management: Features include purchase processing, requests for quotations and invoices. Stores information about companies that make purchases, enables buying materials from suppliers and vendors, and matches invoices to POs and receipts. 
  • Safety Management: Define hazards and safety precautions to prevent a workplace mishap with plans that explain how to take work assets in and out of service. 
  • Security Management: Controls access to sites, applications and menu options. Employees can be in one or more security groups. 
  • Service Request Management: Create requests for configuration, change of an asset and equipment repair. Requests show status and correspondence for better visibility. 
  • Service Desk Management: Oversee processes and save work performed in the asset’s record. Templates help standardize common service requests and incidents. 
  • Release Module: Enables task and activity management. Provides classification and attributes for categorization, PM and scheduling details, task assignment, follow-up records, work logs, communication entries, and requirements for labor, services, materials and tools. 
  • Task Management: Offers activities, tasks, work orders and historical records of work performed. 
  • Work Orders: Available for assets and locations and includes the number of hours worked by contractors or employees. Report on open work orders or small jobs and capture the history of work orders. 
  • AI-Powered Asset Monitoring: Monitors remote assets and operations, automates task execution, and performs anomaly detection. Also provides: 
    •  Customizable monitoring dashboard. 
    •  Rule-based alerts for data tied to specific standards and KPIs. 
    •  Data filtering and root cause analysis based on hierarchies. 
    •  IoT data for processing, direct access, historical storage and archiving. 
    •  Alerts to produce events and create service requests. 
  • Asset Health Insights: Manage the health of assets using IoT data, work history and asset data. Offers: 
    •  Health scores, real-time sensor data and alerts from SCADA systems. 
    •  Maintenance history, weather incidents and subcomponents with historical context. 
    •  Integration with PM systems to access data and manage maintenance schedules. 
  • Predictive Maintenance Insights: Manage future failures and determine asset failure factors that could affect operations. Capabilities include: 
    •  IBM Watson, which scans for patterns in usage, environment and other asset-specific data to predict future failures. 
    •  Data provided by IoT sensors, OT, ERP and EAM systems. 
    •  Predictive model templates, visualizations and a library of analytics APIs to build custom models. 
    •  Machine learning and analytics for operational data generated by critical assets. 
    •  Prescriptive analytics and anomalous behavior detection. 
  • Workers Insights: Offers dashboards, interacting reporting tools, data export, filters and configurable shield parameters. Includes predefined and customized shields that help detect if a worker’s life might be in danger. Tracks data such as: 
    •  Hazards and statistics of hazards via a map. 
    •  Averages and counts for workers, hours and hazards. 
    •  The location of an object or a worker through beaconOS and GPS. 
  • MRO Inventory Optimization: Includes: 
    •  Part and stock management using automation and analytics. 
    •  Inventory segmentation based on criticality and business impact of MRO spares and materials, along with inventory value calculated based on inherited items, average cost and other criteria. 
    •  Lead time tracking to manage asset downtime. 
    •  Reports, dashboards and KPIs for all important metrics. 
    •  Configuration of work queues and screens. 
    •  Column-oriented databases, summarization engines and elastic searches to filter, sort and update records. 
  • Migration Tool: Transfer product customizations and configuration from development to production for testing. Access a standard rollout environment and repeatable rollout processes that help in monitoring, documenting and managing regulatory compliance. 
  • Storeroom Management:
    •  Monitors item availability, records physical counts and balances inventory. 
    •  Offers details on cost, issue and order units. 
    •  Reconciles recent physical count after every completed transaction. 
    •  Includes parent and child storerooms to create hierarchies. 
    •  Supports adding multiple items to a hierarchy and reordering items from a single storeroom. 
  • Service Requests: Features include notifications upon completion or close of a request, multimedia support to upload photos and videos, and resolution monitoring. A security group template grants users access to service requests, work centers, tools and tasks. 
  • Managing Inspection Forms: Offers specific questions to choose from, revisions to active forms by adding conditions, templates for reuse, and the ability to edit questions and instructions. Forms can be associated with assets, locations and work orders. 
  • Business Analysis Work Center: Analyze work efficiency, supply rates, inventory balance and more to improve operation and user performance. View the analyzed data in charts and download it in an image format. 
  • Data Set Designer: Includes filters and sorting to configure content and build sets, which can have an application query applied to them. Supports exporting in CSV format. 
  • Application Analysis: Enhances operations with queries for situations like overdue POs and upcoming reactive work. Incorporates KPI tracking, Query by Example and export to Excel for further analysis. 
  • Reports and Dashboards: Embedded reporting offers more than 100 report types, which can be customized, saved, shared and downloaded. Dashboards summarize business data while storybooks format content in useful ways. Access to Cognos BI provides advanced business intelligence capabilities. 
  • IBM App Connect:  This ready-to-go connector enables integration with distributed databases, infrastructure environments and hundreds of third-party business systems such as JIRA, Salesforce, SAP, QuickBooks and Workday. 
TrackAbout
TrackAbout
Start Price
$2,500
One-Time
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
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Why We Picked TrackAbout

Reviews from the past year highlight both the strengths and weaknesses of this asset management software, painting a picture of who it serves best. Users appreciate TrackAbout's customizability, which allows them to tailor the software to their specific needs and workflows. The ability to create custom fields and reports is particularly valuable, as it enables businesses to track the data that matters most to them. Additionally, TrackAbout's mobile app receives praise for its user-friendly interface and offline functionality, making it a practical tool for field technicians and remote workers. However, some users find the initial setup process to be complex and time-consuming, requiring significant effort to configure the software and import existing data. Furthermore, while TrackAbout offers a wide range of features, some users note that certain functionalities, such as work order management, could be more robust and intuitive. Overall, TrackAbout appears well-suited for businesses with unique asset management requirements and a willingness to invest time in customizing the software. Its flexibility and mobile capabilities make it a valuable tool for organizations with complex workflows or distributed teams, particularly those in industries like construction, manufacturing, and equipment rental.

Pros & Cons

  • Streamlined Asset Management: TrackAbout simplifies the management of physical assets, including tools, equipment, and other resources, by providing a centralized platform for tracking and monitoring.
  • Enhanced Visibility and Control: Gain real-time insights into asset location, status, and usage, enabling better decision-making and improved operational efficiency.
  • Reduced Costs: Optimize asset utilization, minimize loss and theft, and extend asset lifespan, leading to significant cost savings.
  • Improved Compliance: Ensure adherence to industry regulations and safety standards through comprehensive asset tracking and documentation.
  • Increased Productivity: Empower your workforce with the tools they need to locate assets quickly and efficiently, reducing downtime and boosting productivity.
  • Customization Limitations: The software may not be easily adaptable to specific workflows or industry-specific requirements, potentially leading to workarounds or compromises in processes.
  • Reporting Challenges: Generating custom reports or extracting specific data insights might be cumbersome or require technical expertise, hindering data-driven decision-making.
  • Mobile App Functionality: The mobile app's features or user interface may not be as comprehensive or user-friendly as the desktop version, potentially impacting field technicians' efficiency.
  • Integration Complexity: Integrating TrackAbout with existing enterprise systems or third-party applications could pose technical challenges or require additional development efforts.

Key Features

  • Asset Tracking: Tracks returnable goods from the point of preparation to the point of pick up. Good for multiple assets spread out over many locations and customers, as it shows the exact location of an asset, pickup date and customer using it. 
  • Integration: An open interface and integration with many systems like Oracle and SAP makes the process of importing and exporting any form of data easier and faster. TrackAbout can be used as a standalone solution or with any other system that’s already in use. 
  • Maintenance Management: Logs the entire process from maintenance to preparation of the asset for reuse, ensuring that people follow the right processes and don’t skip or miss any steps. It also helps keeping track of how many assets are ready for use, need maintenance or have been damaged and need repair. 
  • Real-Time Data: Collects and displays the real-time data of any asset at any time with a barcode scanner. Share data with customers to keep them informed of all the relevant and required data. 
  • Rental Asset Management: Streamlines billing by automating the creation of rental bills or by integrating with accounting systems. Supports different rental categories, rates, leases and flat fees. 
  • Mobile Access: Provides data anywhere, at any time, to improve and speed up processes, saving money and making work more efficient. 
  • Mobile Barcode Scanner:: Scans all assets directly through this easy-to-use feature. All information related to the asset is available for viewing and taking required actions. 
Asset Panda
Asset Panda
Start Price
$83
Monthly
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
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Why We Picked Asset Panda

User reviews consistently highlight Asset Panda's user-friendly interface and its ability to streamline asset management workflows, particularly for businesses with a large number of assets. Features like mobile app access and barcode scanning for check-in/checkout processes are praised for their efficiency and reduction in manual data entry errors.

However, some users felt the reporting capabilities lacked depth compared to similar products. This can be a hurdle for businesses requiring granular asset data analysis. Additionally, concerns were raised regarding customization limitations, potentially hindering the software's adaptability for highly specialized asset management needs.

A key differentiator for Asset Panda is its affordability, offered through tiered subscription plans. This makes it an attractive option for startups or smaller businesses seeking a cost-effective asset management solution. On the other hand, larger corporations with complex asset structures might require the more robust features and customization options potentially offered by competitors, even if it comes at a higher price point.

In conclusion, Asset Panda's user reviews position it as a user-friendly and affordable asset management solution well-suited for businesses with a mid-sized inventory that prioritizes streamlining workflows and cost-effectiveness. While its reporting and customization might not meet the needs of every company, its core functionalities effectively address common asset management challenges.

Pros & Cons

  • Asset Tracking: This feature tracks assets in multiple locations, as noted by 92% of reviewers mentioning this feature.
  • Customer Support: Customer service is patient and helpful, according to more than 90% of users mentioning support.
  • Easy to Use: Every user mentioning usability said that Asset Panda has a user-friendly interface.
  • Customization: Extensive customizations help users fit the software to their company, according to 95% of reviews referring to this feature.
  • Inventory Management: Asset Panda helps keep track of maintenance updates, assets and failure patterns, according to 90% of users who mention this feature.
  • Mobile Application: It’s easier to track assets and continue working from anywhere, according to more than 80% of reviews on the mobile app.
  • Barcode Scanner: Barcode scanning on the mobile interface needs improvement, according to 70% of reviews mentioning this feature.
  • Reporting: The reports are complicated, as observed by 70% of users who mention reporting.
  • Cost: More than 60% of reviewers who refer to price mentioned that it’s on the higher end compared to other products, especially considering the features offered.
  • Log Out: The system logs out users unexpectedly, forcing them to sign in frequently, according to all the users who reference this feature.

Key Features

  • Asset Tracking: Advanced tracking features include pick lists, asset grouping, location mapping and bulk asset updates. Asset profiles support uploading images, documents, videos and audio notes.
  • Maintenance Management: Lets multiple user types (client, guest, admin) create work orders. Also offers email notifications for upcoming due dates, automated reporting, optimizes WOM processes and helps execute preventive maintenance plans.
  • Transaction Configuration: Enables configuration even after implementation. Options include limited user access, custom fields, configurable notifications, custom reports and a range of other unlimited custom actions.
  • Mobile Barcode Scanner: Allows mobile phones to scan barcodes to pull up important asset information for assets logged in the system such as repair history, warranties, images and more.
  • Free Mobile App: Log into the system through a free Android or iOS app that syncs with the cloud-hosted solution for easy access on the go.
  • Integrations: Data can be exported and imported from a variety of sources in a range of formats. Generate custom APIs to ensure the system is specialized to individual needs.
  • User-Friendly Interface: Provides an intuitive experience with built-in search functions, user-configurable views, dashboard creation and the capability to link groups of data for easier analysis.
EZOfficeInventory
EZOfficeInventory
Start Price
$40
Monthly
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
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Why We Picked EZOfficeInventory

Recent user reviews of EZOfficeInventory highlight its user-friendly interface, ease of customization, and scalable design as key strengths. Users appreciate the ability to track assets effortlessly, similar to managing items on a grocery list, but with the added benefit of functionalities like maintenance scheduling and depreciation tracking, which can be crucial for businesses managing valuable equipment or extensive inventory.

While some users expressed concerns about limited reporting options and a basic mobile app compared to competitors, others found the core functionalities sufficient for their needs and praised the software's cost-effectiveness. This balance between affordability and core functionality seems to be a differentiating factor for EZOfficeInventory, especially for businesses seeking a user-friendly and affordable asset management solution without the complexity or higher price tag of some enterprise-level software options.

Overall, EZOfficeInventory appears best suited for small and medium-sized businesses, or larger organizations with straightforward asset management needs. Its user-friendly interface, combined with its customization options and core functionalities, can streamline asset tracking and improve overall asset lifecycle management, proving valuable for businesses seeking an efficient and cost-effective solution.

Pros & Cons

  • Easy to Use: More than 95% of users mentioning this aspect felt that EZOfficeInventory is user-friendly and easy to navigate.
  • Tracking: Users can track products, tools, equipment, assets and technology, according to all the reviews mentioning this feature.
  • Asset Management: More than 85% of reviews about this feature indicated that asset management is easy.
  • Interface: Every user who mentioned this feature noted that the interface is organized and makes it easy to import and export data.
  • Customer Service: Customer service is very helpful according to every reviewer mentioning support.
  • Implementation: It’s difficult to navigate through the software and make changes in the initial stage, as noted by 85% of reviews referring to setting up the system.
  • Search: Searching by asset number or location is difficult, according to 80% of users who mention this feature.
  • Mobile Interface: Functionality of the mobile interface needs improvement, such as its tendency to crash, according to every review mentioning the mobile UI.
  • Asset Processing: Multiple assets can’t be processed at the same time, according to every review referring to this feature.

Key Features

  • Inventory Management: Track spare parts and other inventory by location, and set alerts that trigger automatically when stock is low.
  • Asset Check-In/Out: Technicians can reserve these assets ahead of time to prevent booking conflicts. They can mark assets and equipment as checked in or out to keep locations and other time-sensitive information up to date.
  • Dashboard Calendars: Communicate asset status, availability, location and maintenance records as well as upcoming events from a central calendar interface.
  • Labels and Barcodes: Create labels in varying sizes and formats, then scan items quickly with an external RFID reader, third-party scanner or the mobile app. Access these items in the iOS app to perform bulk actions and attach them to assets or locations.
  • Maintenance History: Record repair history, warranties, asset usage, availability metrics and more to optimize asset usage.
  • Carts: This grouping feature helps track projects or assets across locations and perform bulk actions on asset profiles.
  • ID Scan: Restrict access and improve security by requiring employees to scan their ID barcode when checking out assets.
Corrigo
Corrigo
Start Price
$45
Monthly
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
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Why We Picked Corrigo

Can Corrigo correct common facility management woes? Users say yes, particularly praising its robust work order management and preventive maintenance features. They find the reporting tools especially helpful for streamlining operations and identifying areas for improvement. However, some users point out a steep learning curve, making it somewhat challenging for new adopters to quickly grasp the software's full potential. Occasionally, users have reported slower-than-ideal customer support responses. This mixed bag suggests that Corrigo, while powerful, might be best suited for larger organizations with dedicated resources for training and implementation. Smaller teams with limited bandwidth might find the initial learning phase and occasional support hiccups a bit challenging.

Pros & Cons

  • Work Order Management: Corrigo offers a full suite of features that help manage work orders, making it easier to track and fulfill maintenance requests.
  • User-Friendly: Many users find the software intuitive and easy to navigate.
  • Streamlined Processes: Corrigo helps organizations streamline their maintenance operations, reducing inefficiencies and improving productivity.
  • Mobile App: The mobile app receives positive feedback for its ability to enable on-the-go work order management, allowing technicians to receive, update, and complete tasks from the field.
  • Complexity: Corrigo can be difficult to learn, especially for teams not familiar with similar software.
  • Support Concerns: Users have occasionally reported slow response times from Corrigo's customer support team.

Key Features

  • Work Order Management: View a master list of jobs or view jobs happening at specific locations, as well as when each job is due. Administrators can also assign tasks to technicians and view their performance.
  • CorrigoPro Network: Users can connect with providers through the service platform. Choose from a pre-vetted selection of performance-oriented professionals for any job.
  • Asset Evaluation: Advance analytics guide management through an asset’s profitability and usefulness to facilitate smart capital planning and accurate budgeting.
  • Automated Warranty Management: Warranty information is automatically captured and stored in asset profiles. Users can set up alerts to track warranty expiration as well as access them from their mobile devices.
  • Benchmarking: Evaluate progress on jobs, market value for materials, technician productivity and other key metrics through the benchmarking comparison feature.
  • Service Records: All service records are maintained in real-time, and asset information is automatically captured as techs perform tasks.
  • Mobile Access: Techs have access to a checklist of tasks, asset history, compliance regulations and more right on their phones.
Brightly
Brightly
Start Price
$45
Monthly
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
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Why We Picked Brightly

Is Brightly truly a shining star in the world of asset management software? Reviews suggest it generally lives up to its name. Users consistently praise Brightly’s user-friendly interface, finding it refreshingly intuitive compared to some competitors with clunky systems. They also appreciate the software’s robust features, particularly its comprehensive asset tracking, which allows them to meticulously monitor the location and condition of their valuable assets. Another standout feature is the maintenance scheduling, which empowers businesses to proactively manage maintenance tasks and minimize downtime. However, some users find the initial setup somewhat complex, requiring a significant time investment to get everything configured just right. Additionally, the cost can be prohibitive for smaller organizations, potentially pricing them out of the market.

Overall, Brightly seems best suited for medium to large organizations with the resources to navigate the initial setup and budget for the software’s cost. Its powerful features, particularly in asset tracking and maintenance scheduling, can significantly benefit those seeking to streamline operations and enhance asset management efficiency. However, smaller organizations on a tight budget might need to explore more cost-effective alternatives, despite Brightly's impressive capabilities.

Pros & Cons

  • Simplified Maintenance: Brightly streamlines maintenance tasks, making it easier for teams to manage work orders, track assets, and schedule preventative maintenance.
  • Improved Asset Oversight: Users praise Brightly for its comprehensive asset management capabilities, enabling them to track asset history, maintenance logs, and performance data, leading to better decision-making and resource allocation.
  • Data-Driven Insights: Brightly's reporting and analytics features provide users with valuable insights into their maintenance operations, helping them identify trends, optimize maintenance schedules, and reduce downtime.
  • Excellent Support System: Users consistently highlight Brightly's responsive and knowledgeable customer support team as a major advantage, ensuring they receive timely assistance when needed.
  • Difficult Setup: Users have reported that the initial setup of Brightly CMMS can be complicated and time-consuming, especially for those unfamiliar with similar systems.
  • High Cost: Brightly may be considered expensive compared to other CMMS options, potentially making it less accessible for smaller businesses or organizations with limited budgets.

Key Features

  • Work Order Management: Streamlines the creation, assignment, and tracking of work orders to ensure timely completion and accountability.
  • Asset Management: Provides a comprehensive database to track and manage the lifecycle of assets, from acquisition to disposal.
  • Preventive Maintenance Scheduling: Automates the scheduling of routine maintenance tasks to prevent equipment failures and extend asset life.
  • Inventory Management: Monitors stock levels, manages reordering processes, and tracks usage to maintain optimal inventory levels.
  • Mobile Access: Offers a mobile app that allows technicians to access work orders, update statuses, and log information in real-time from the field.
  • Reporting and Analytics: Generates detailed reports and dashboards to provide insights into maintenance activities, asset performance, and operational efficiency.
  • Vendor Management: Facilitates the management of vendor information, contracts, and performance to streamline procurement and service processes.
  • Integration Capabilities: Supports integration with other enterprise systems such as ERP, accounting, and procurement software to ensure seamless data flow.
  • Customizable Workflows: Allows users to tailor workflows to match specific organizational processes and requirements.
  • Compliance Tracking: Helps organizations adhere to regulatory standards by tracking compliance-related activities and documentation.
  • Budgeting and Cost Tracking: Enables detailed tracking of maintenance costs and budgeting to improve financial planning and control.
  • Service Request Portal: Provides a user-friendly portal for submitting and tracking service requests, enhancing communication between maintenance teams and requesters.
  • Condition Monitoring: Integrates with IoT devices and sensors to monitor the condition of critical assets in real-time, enabling predictive maintenance strategies.
  • GIS Integration: Incorporates Geographic Information System (GIS) data to visualize asset locations and maintenance activities on a map.
  • Training and Support: Offers comprehensive training resources and customer support to ensure users can effectively utilize the software.
Tenna
Tenna
Company Size
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Deployment
Cloud On-Premise
Platform
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Key Features

  • Access Controls/Permissions
  • Accounting Integration
  • Activity Dashboard
  • Activity Tracking
  • Ad hoc Reporting
  • Alerts/Notifications
  • API
  • Asset Accounting
  • Asset Images
  • Asset Library
  • Asset Lifecycle Management
  • Asset Planning
  • Asset Tracking
  • Assignment Management
  • Audit Management
  • Audit Trail
  • Automated Scheduling
  • Barcode / Ticket Scanning
  • Barcoding/RFID
  • Calendar Management
  • Check-in/Check-out
  • Customizable Fields
  • Customizable Reports
  • Data Import/Export
  • Depreciation Management
  • Dispatch Management
  • Disposal Management
  • Document Management
  • Document Storage
  • Equipment Maintenance
  • Equipment Management
  • Equipment Tracking
  • Fixed Asset Management
  • For Mechanical Equipment
  • Fuel Management
  • Fuel Tracking
  • Geographic Maps
  • Geolocation
  • GPS
  • Historical Reporting
  • Inspection Management
  • Inventory Control
  • Inventory Management
  • Inventory Tracking
  • Item Management
  • Location Tracking
  • Maintenance Management
  • Maintenance Scheduling
  • Mileage Tracking
  • Mobile Access
  • Mobile Alerts
  • Monitoring
  • Multi-Location
  • Parts Management
  • Predictive Maintenance
  • Preventive Maintenance
  • Real Time Data
  • Real Time Monitoring
  • Real Time Notifications
  • Real Time Reporting
  • Real-time Updates
  • Reminders
  • Repair Tracking
  • Reporting & Statistics
  • Reporting/Analytics
  • Reservations Management
  • Resource Management
  • Role-Based Permissions
  • Route History
  • Route Management
  • Routing
  • Scheduled / Automated Reports
  • Scheduling
  • Search/Filter
  • Serial Number Tracking
  • Service History
  • SKU/UPC Codes
  • Status Tracking
  • Tagging
  • Task Management
  • Task Scheduling
  • Third Party Integrations
  • User Management
  • Vehicle Information
  • VIN Lookup
  • Warranty Tracking
  • Work Order Management
Aveva
Aveva
Company Size
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Deployment
Cloud On-Premise
Platform
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Why We Picked Aveva

Let's dive into what users have been saying about this EAM software over the past year. Overall, Aveva seems to be a bit of a mixed bag, with some users singing its praises and others finding it falls short of expectations.

On the plus side, Aveva gets kudos for its robust functionality and comprehensive feature set, particularly in areas like work order management, asset tracking, and preventive maintenance. Users appreciate the ability to streamline maintenance processes, improve asset reliability, and reduce downtime. The software's flexibility and customizability also get a thumbs-up, allowing organizations to tailor it to their specific needs and workflows. However, there are some thorns among the roses. Some users find the interface clunky and outdated, making it less user-friendly than some competitors. The learning curve can also be steep, requiring significant time and effort to get up to speed. Additionally, implementation can be complex and time-consuming, especially for larger organizations with intricate asset management needs.

So, who is Aveva best suited for? It appears to be a good fit for larger enterprises in industries like oil and gas, utilities, and manufacturing, where complex asset management is critical. These organizations often have the resources and technical expertise to handle the implementation and learning curve, and they can benefit greatly from Aveva's powerful features and scalability. However, smaller businesses or those with simpler asset management needs might find Aveva to be overkill and may want to explore more user-friendly and affordable options.

Pros & Cons

  • Comprehensive Functionality: Aveva offers a wide range of features and modules that cater to various aspects of enterprise asset management, including work order management, preventive maintenance, inventory control, and asset tracking. This comprehensive functionality allows organizations to streamline their maintenance operations and improve overall efficiency.
  • Scalability and Flexibility: Aveva's solutions are designed to be scalable and flexible, accommodating the needs of organizations of all sizes and industries. Whether it's a small facility or a large enterprise with multiple sites, Aveva can adapt to evolving business requirements and support growth.
  • Integration Capabilities: Aveva provides seamless integration with other enterprise systems, such as ERP and financial software. This integration eliminates data silos and enables a holistic view of asset performance and maintenance costs, facilitating better decision-making.
  • Mobile Accessibility: Aveva offers mobile applications that empower technicians and field workers to access critical information, update work orders, and complete tasks on the go. Mobile accessibility enhances productivity and responsiveness in maintenance operations.
  • Reporting and Analytics: Aveva's reporting and analytics tools provide insights into asset performance, maintenance trends, and key metrics. These insights help organizations identify areas for improvement, optimize maintenance strategies, and make data-driven decisions.
  • Steep Learning Curve: Aveva's comprehensive functionality can be overwhelming for new users due to its complex interface and extensive features, leading to a prolonged onboarding process.
  • Customization Challenges: Adapting Aveva to specific workflows and industry requirements can be difficult and may necessitate significant development efforts or specialized expertise.
  • Integration Complexity: Integrating Aveva with existing enterprise systems and third-party applications can pose challenges due to compatibility issues and data mapping complexities.
  • Performance Concerns: Users have reported performance issues, particularly with large datasets or complex operations, which can impact productivity and user experience.
  • Cost Considerations: Aveva's pricing structure, including licensing, implementation, and maintenance costs, can be a significant investment for organizations, especially for smaller businesses.

Key Features

  • Preventive Maintenance: Schedule maintenance tasks and create a library of frequently performed tasks in order to improve document standardization and maintenance repeatability.
  • Work Management: Plan maintenance ahead of time and perform safe, compliant repairs on a range of asset types. Automatically generate work orders based on a schedule and never forget to put a repetitive task in the system.
  • Inventory Management: Manage spare parts and items that are crucial to proper maintenance tasks. Track inventory stock levels, automate reorders and perform a range of other inventory management functions.
  • Easy Interface: The browser-based HTML5 framework makes it easier to access, implement, maintain and use the application from mobile devices to ensure convenient use any time, anywhere.
  • Approval and Workflow: Improve administrative workflows and efficiency by setting up personalized routing and selection rules. These rules automatically approve work orders or restrict approval access to specified user tiers to promote security.
  • APM Assessment: Utilize the APM features such as asset monitoring to identify gaps in maintenance schedules, then use that data to make informed decisions..
  • Multi-Location Support: Manage one facility or a global network of interconnected facilities from a single solution.
Assetworks
Assetworks
Start Price
$2,500
Quote-based
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
Request Pricing Request Demo

Why We Picked Assetworks

AssetWorks' EAM software has garnered a mixed bag of user reviews over the past year. The platform's strengths lie in its comprehensive functionality and robust reporting capabilities. Users appreciate the ability to track assets throughout their lifecycle, from acquisition to disposal, and generate detailed reports on asset performance and maintenance costs. Its preventive maintenance scheduling tools are also highly regarded, helping organizations proactively address potential issues before they escalate into costly problems. However, some users find the interface to be clunky and outdated, leading to a steep learning curve for new users. The mobile app, while functional, lacks the intuitiveness and user-friendliness of its desktop counterpart.

Compared to competitors like IBM Maximo and Infor EAM, AssetWorks is often seen as a more affordable option with a broader range of features. However, it may not have the same level of scalability and customization as its higher-priced counterparts. The software's reporting capabilities are a significant differentiator, providing users with deep insights into asset performance and maintenance trends. This data-driven approach empowers organizations to make informed decisions about asset management strategies, ultimately leading to cost savings and improved operational efficiency. AssetWorks is best suited for organizations with complex asset management needs but may not require the highest level of customization or scalability. Its comprehensive functionality and robust reporting tools make it a valuable asset for organizations looking to optimize their asset management practices and gain a deeper understanding of their asset performance.

Pros & Cons

  • Streamlined Work Order Management: AssetWorks' work order management system simplifies the process of creating, assigning, and tracking work orders, boosting maintenance team efficiency and responsiveness. Users appreciate features like automated routing and scheduling, which ensure work orders reach the right technicians promptly.
  • Comprehensive Asset Tracking: The platform allows users to maintain a centralized repository of asset information, including maintenance history, warranty details, and depreciation schedules. This comprehensive view of assets empowers data-driven decision-making regarding maintenance, repairs, and replacements.
  • Preventive Maintenance Capabilities: AssetWorks facilitates the implementation of preventive maintenance programs, enabling organizations to schedule routine inspections and servicing based on time, usage, or condition. This proactive approach helps prevent equipment failures, extend asset lifespans, and reduce downtime.
  • Mobile Accessibility: AssetWorks offers mobile applications that empower technicians to access work orders, update asset information, and record maintenance activities directly from their mobile devices. This real-time access to data enhances communication and collaboration between field teams and office personnel.
  • Reporting and Analytics: The platform provides robust reporting and analytics tools, enabling users to generate insightful reports on key performance indicators (KPIs) such as asset utilization, maintenance costs, and work order completion rates. These data-driven insights support informed decision-making and process optimization.
  • Clunky Interface: Users frequently mention the outdated interface, finding it cumbersome and difficult to navigate. The lack of intuitive design leads to a steep learning curve and decreased efficiency.
  • Reporting Limitations: Generating reports can be a frustrating experience due to limited customization options and a rigid structure. Users often need to export data to external programs for further analysis, adding an extra step to the process.
  • Mobile App Shortcomings: The mobile app receives criticism for its limited functionality and lack of features compared to the desktop version. This hinders technicians and field workers who rely on mobile access to complete their tasks efficiently.
  • Customer Support Challenges: Some users report difficulties reaching customer support and experiencing slow response times. This can be particularly problematic when urgent issues arise, impacting productivity and user satisfaction.

Key Features

  • Real-Time Data: Captures real-time asset data like location, status, maintenance notes, repair history, transfer details and more, storing data in asset profiles for later use.
  • Inventory Management: Assign barcodes to items, monitor stockroom levels, automate procurement processes and manage spare parts.
  • Maintenance Management: Offers preventive maintenance scheduling, sends alerts when repeating maintenance tasks need to be performed and helps streamline the repair process.
  • Work Order Management: Streamlines the work order process — creation, assignment, completion and recording. Assign specific tasks to individual technicians and restrict work order closure to admin roles.
  • Mobile Access: Enables asset management on the go with access via web browser, native mobile app and the desktop interface.
  • Reporting: Reporting tools help make data-driven decisions and glean insights from asset data. 
  • Property Management: Manage the acquisition, ownership, leasing, maintenance, and disposition of buildings. Receive reports on portfolio costs, space planning and operating cost. 
  • Space Management: Collect data on total cost of spaces owned and leased, and increase cost savings by lowering space requirements and property expenditures. Measure and track space utilization, improve quality assurance management and regulatory compliance, and manage reporting via graphical query capabilities. 
  • Operation and Maintenance: Reduces inventory carrying and facility maintenance cost, improves asset availability and limits asset downtime. Track and control maintenance expenses, automate bill generation, manage vendors and contract workers, oversee labor hours, and improve asset utilization. 
  • Project Management: Track and manage sustainability goals, leverage construction operations building information exchange (COBie), plan and execute capital projects and manage issues with RFIs and meeting minutes. Manage and track contracts and gain visibility into commission plans, proposal changes, directives and orders, architect’s supplemental instructions, and applications for payments. 
  • Energy Management: Analyze consumption per building, collect utility bills and usage data from various sources, allocate energy costs, and target areas to improve efficiency and reduce cost. Automates accuracy checks, meter readings and configurable data validation, and offers flexible invoice generation. 
  • Lease Management: Track space lease details, lease options, amendments, end dates, location changes and square foot data. Define lease payment schedules to automate the payment process. Stores property, space, operations and maintenance data on a single integrated system. 
  • Key and Access Control: Logs access location, cores, locks and keys, and ring tracking. Control the issue and return of keys and keep authorization of spaces in control. 
  • Computer Aided Design: Link floor plan drawings to associated facilities, export accurate locations and modify floor plans. Automatically generate graphical reports, customize drawing and layering standards and ensure areas are in compliance with FICM, IFMA and BOMA. 
  • SpaceSync: Export, import and review space data changes in Excel, maintaining standard and integrity of space data. Includes location, occupancy, grants and programs data, with the option to review, accept and reject all data changes. 
  • Geographic Information System: Access maps without learning GIS, add data without changing maps and geolocate jobs. 
  • AssetSync: Create, export, import and update asset data in Excel format and add assets to PM templates. 
  • Team Scheduler: Filter, retrieve and assign work, update job status and add notes on a graphical interface. Sort work by priority, location, status and assigned personal, block out leaves on a person's daily schedule, and color code priority work. 
  • Assessment and Need Analysis: Stores asset lifecycle and deficiency data for use in long-range strategic planning and budgeting. Select and prioritize needs based on property and portfolio, as well as track recurring and non-recurring asset renewal. 
  • Asset Rental: View assets available for reservations, schedule asset maintenance and associate cost with a job. 
  • Green and Sustainability: Track all requirements in an integrated system while working on projects, access reports and define green initiatives. 
  • Environmental Health and Safety: Manage hazardous material disbursements, including recovery, disposal and transfer of containerized material in or out of a building. 
  • Motor Pool: View available vehicles on a visual Gantt chart, schedule vehicle maintenance and tie jobs to their cost. 
  • Business Automation: Makes processes cost-efficient, streamlined, error-proof and transparent. Enter data faster, schedule reports and receive custom notifications and emails. 
HXGN EAM
HXGN EAM
Start Price
$7,000
Monthly, Quote-based
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
Request Pricing Request Demo

Why We Picked HXGN EAM

HXGN EAM helps users manage assets, work orders, inventory, materials, budgets and projects. It excels in usability, aids preventive maintenance, provides exceptional customer service and is highly customizable. However, as mentioned in multiple reviews, there is a need to improve the mobile interface. There’s also room for improvement in reports, configuration and licensing. Overall, it’s a good fit for businesses looking for a highly tailored, intuitive CMMS that helps with maintenance planning.

Pros & Cons

  • Customer Service: Every reviewer mentioning support observed that customer service is responsive and takes constant feedback for development.
  • User-Friendly: All reviewers who mention usability said HXGN EAM has a user-friendly interface and intuitive features.
  • Asset Management: Asset management has helped reduce asset downtime, according to all the reviewers mentioning this feature.
  • Flexibility: Every review mentioning flexibility indicated that the solution can be tailored to company needs.
  • Work Order: More than 85% of reviewers observed that this feature helps them manage work orders easily.
  • Cloud: Updates to the multi-tenant cloud make information faster to access, according to more than 85% of reviewers referring to this element.
  • Mobile App: Functionality of the mobile interface needs improvement, according to 70% of reviews mentioning the mobile app.
  • Reporting: Customized reporting is complicated, according to 70% users who mention this feature.
  • Licensing: All users referencing this feature felt the licensing policies don’t match with their company and found it expensive.
  • Configuration: Over 68% of reviewers mentioning this aspect felt that configuring the system is difficult.
  • Updates: Updates are too frequently released, according to more than 70% of users mentioning this element.

Key Features

  • Asset Management: Record, standardize, maintain and structure asset profile information such as identity, configuration, location and maintenance history. Track asset depreciation, store warranty information and provide full technical and commercial function. 
  • Work Management: Easily combines workforce and work order management into a comprehensive module to:
    • Manage, plan and monitor maintenance work as well as the resources required to complete said work.
    • Create preventive maintenance plans, schedule work and assign work orders to technicians based on predefined requirements.
    • Handle purchase order management, revision control, HR management, reliability management and more.
  • Materials Management: Monitor stock levels of spare parts and equipment to maintain an acceptable level without overstocking. Automate supply shipments and purchase orders, store receipts and keep records organized. Also offers:
    • Material organization, product grouping, stock replenishment, receipt and return management.
    • Procurement features like RFQs, POs, invoices and contract management.
  • Budgeting: Streamline budget creation by automating cost capture and analysis of costs for tasks and projects. Performs calculations and generates reports on financial performance and forecasts based on various KPIs.
  • Inspection Management: Simplify inspections through automated collection of required measurements. Risk and safety management help identify hazardous materials and situations to better protect site workers. 
  • Project Management: Streamline tasks from budgeting to task tracking to completion, monitor resource use, compare costs, and track progress. 

Pricing

License/Subscription
  • On-premise:
    • Perpetual license-based model: required to pay an upfront fee to own the software and IP for a fixed term, along with installation, customization and integration costs over and above the license fee
    • Cost is based on an initial licensing fee per user/named user license
    • Additional modules require additional licenses which are valid for a fixed term only
    • Price is dependent on the size of the business, functionality requirements and number of users

  • Cloud-based/SaaS:
    • Recurring subscription-based model: monthly cost depending on the number of users
Maintenance Cost
  • On-premise:
    • Cost is over and above the upfront cost/license fee
    • Requires ongoing maintenance plus ongoing upgrade
    • Users are required to enter into a maintenance agreement for annual support and maintenance, the cost of which is in the range of 10% and 20% of the original license fee
  • Cloud-based/SaaS:
    • Not included in the subscription cost
    • Additional cost for ongoing maintenance and upgrades
  • For both types of deployment:
    • Infor Services provides support services that include cloud support services and global support, with support professionals located in 28 countries
    • Infor Support Services also offers flexible pre-packaged support in three different versions: Essential, Premium and Elite Support
    • Infor also offers ongoing upgrades support through Infor deployment services
    • Infor Xtreme Portal, a non-script-based phone support model where Infor collaborates with the developers who create and update the applications, gives customers instant access to everything available through Xtreme Support, from software patches to service packs and customer communities
Installation/Implementation Cost
  • For both types of deployment, cost is over and above the upfront/subscription cost
  • Provides deployment services which include customized system implementation, upgrades, data migration, testing automation, performance management, and standardized implementation support
  • Infor’s Implementation Accelerators are tailored specifically by industry and for Infor’s solutions. Infor delivers implementation services through its offshore Centers of Excellence. Their centers in Manila, Philippines, and Hyderabad, India have more than 650 employees with deep domain expertise, in addition to an understanding of local industries and requirements
  • Infor also implements solutions through its partners
Customization Cost
  • Cost varies depending on the applications and modules added, based on UI changes, configurable dashboards, data elements required for tracking, the complexity of data, etc.

COMPARE THE BEST Fixed Asset Software

Select up to 2 Products from the list below to compare

 
Product
Score
i
SelectHub’s Analyst Rating is based on data from our 400+ point analysis of Fixed Asset Software, user reviews, and our own crowd-sourced data from our free software selection platform. Scores are periodically updated via ongoing selection projects and user activity within our platform.
Start Price
Free Trial
Company Size
Deployment
Platform
Logo
Maximo
$3,150
Monthly
Yes
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
Maximo
TrackAbout
$2,500
One-Time
Yes
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
TrackAbout
Asset Panda
$83
Monthly
Yes
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
Asset Panda
EZOfficeInventory
$40
Monthly
Yes
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
EZOfficeInventory
Corrigo
$45
Monthly
Yes
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
Corrigo
Brightly
$45
Monthly
No
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
Brightly
Tenna
Still gathering data
Yes
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
Tenna
Aveva
Undisclosed
Yes
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
Aveva
Assetworks
$2,500
Quote-based
No
Small Medium Large
Cloud On-Premise
Mac Windows Linux Chromebook Android
Assetworks
HXGN EAM
$7,000
Monthly, Quote-based
Yes
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Cloud On-Premise
Mac Windows Linux Chromebook Android
HXGN EAM

All Fixed Asset Software (47 found)

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Dematic Sprocket

by Dematic
Dematic Sprocket
Dematic Sprocket is a promising software tool that ranks 64 among all EAM Software according to our research analysts and 36 crowd-sourced reviews from 2 sources. Dematic Sprocket is most suitable for mid-to-large-sized corporations. Dematic Sprocket can be deployed online and on-premise and is accessible from a limited amount of platforms including Windows and Linux devices. Similar alternatives to Dematic Sprocket include Talygen, CERDAAC and Asset Infinity.
User Sentiment User satisfaction level icon: excellent
Cost Breakdown
$10 - $100
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
Request with no obligation:
Demo Pricing

Aizan

by Aizan Technologies
Aizan
Aizan is a rising software platform that ranks 135 among all Call Center Software according to our research analysts. Starting from $50, Aizan is priced less than most others and offers a free trial on occasion. Aizan can be deployed in the cloud and is accessible from a limited number of platforms including Windows and Linux devices. Similar alternatives to Aizan include Squaretalk, Nimbata and Call Center Studio.
Cost Breakdown
$10 - $100
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
Request with no obligation:
Demo Pricing

Pazo

by Trakd Innovations
Pazo
Pazo is an operations management offering from Trakd Innovation. It connects key players organization-wide, streamlining collaboration and communication between departments. From daily workflows to big-picture planning, users can completely digitize their facility operations in a single cohesive hub.
User Sentiment User satisfaction level icon: excellent
Cost Breakdown
$10 - $100
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
Request with no obligation:
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Asset Infinity

by PcsInfinity
Asset Infinity
Asset Infinity is a rising software application that ranks 68 among all EAM Software according to our research analysts and 44 crowd-sourced reviews from 2 sources. Starting from $49, Asset Infinity is priced a notch under most others, offers a free trial on occasion and is most fitting for any sized business. Asset Infinity can be deployed online and is accessible from a limited amount of platforms including Windows devices. Similar alternatives to Asset Infinity include Talygen, CERDAAC and Pazo.
User Sentiment User satisfaction level icon: excellent
Cost Breakdown
$10 - $100
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
Request with no obligation:
Demo Pricing

CERDAAC

by SIMCO Electronics
CERDAAC
CERDAAC is a sophisticated software solution designed to streamline asset management and maintenance operations, particularly excelling in computerized maintenance management systems (CMMS). It is ideally suited for industries such as healthcare, manufacturing, and aerospace, where precision and compliance are paramount. Users benefit from its robust features, including real-time tracking, automated scheduling, and comprehensive reporting capabilities, which enhance operational efficiency and ensure regulatory compliance. Unique to CERDAAC is its user-friendly interface that simplifies complex processes, making it accessible for teams of varying technical expertise. Compared to similar products, CERDAAC is praised for its reliability and adaptability, though specific pricing details are not publicly disclosed. Interested parties are encouraged to contact SelectHub for a tailored pricing quote. Overall, CERDAAC stands out for its ability to integrate seamlessly into existing workflows, providing a powerful tool for organizations seeking to optimize their maintenance management strategies.
User Sentiment User satisfaction level icon: excellent
Cost Breakdown
$10 - $100
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
Request with no obligation:
Demo Pricing

Talygen

by Talygen
Talygen
Talygen is a rising application that ranks 403 among all Project Management Software according to our research analysts and 2 crowd-sourced reviews from 1 source. Starting from $20, Talygen is priced less than most others, has offered a free trial in the past and is most applicable for any business. Talygen can be deployed in the cloud and on-premise and is accessible from a handful of platforms including Windows and Linux devices. Similar alternatives to Talygen include Allex.ai, Essembi and Preview Team.
User Sentiment User satisfaction level icon: excellent
Cost Breakdown
$10 - $100
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
Request with no obligation:
Demo Pricing

PEMAC Assets

by PEMAC
PEMAC Assets
PEMAC Assets is a web-based system that helps large organizations maintain their assets, reduce downtime, improve safety, manage inventory and track performance. It offers work order management, third-party integration, preventive maintenance, asset management and more. It also provides on-premise consultation and implementation as well as remote installation. It focuses on food and beverage, pharmaceutical, general manufacturing, facilities and transportation industries.
User Sentiment User satisfaction level icon: good
Cost Breakdown
$1,000 or more
Company Size
Small Medium Large
Deployment
Cloud On-Premise
Platform
Mac Windows Linux Chromebook Android
Request with no obligation:
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Buyer's Guide

Fixed Asset Software Is All About Managing and Maintaining Fixed Assets

By Kriti Agarwal, Technical Content Writer at SelectHub

Fixed Asset Software BG Intro

Every company with fixed assets, such as machines and equipment, needs to ensure they operate correctly. However, fixed asset management without a reliable system in place can have dire consequences. If you don’t manage assets correctly, they can go missing or sustain damage. Fixed asset software (aka EAM software) helps you avoid unexpected asset damage or misplacement.

Software solutions that often have comprehensive fixed asset management functionality include enterprise resource planning (ERP) systems and computerized maintenance management systems (CMMS), which can help organizations effectively track, manage and maintain their fixed assets.

In this buyer’s guide, we’ll cover the ins and outs of fixed asset software so you know what you look for in the right solution.

Executive Summary

  • Fixed asset software manages an enterprise’s fixed assets such as equipment and machines.
  • By streamlining workflows and reducing asset failure rates, fixed asset software can help improve your business’ ROI.
  • EAM typically offers the same functionality as CMMS and facilities management software, with additional asset life cycle management features.
  • To select the right fixed asset management solution, you must gather your unique requirements and needs, ask for a demo, and shortlist products based on their features.
What This Guide Covers:

What Is Fixed Asset Software?

Fixed asset software is a solution that helps businesses quickly implement an efficient, serial-code-based asset management system, making the entire process easier to handle.

Using fixed asset management software, you can easily:

  • Manage fixed assets with end-to-end visibility into the management process, from acquisition to disposal.
  • Keep track of asset movements around the company and conduct frequent audits to verify compliance.
  • Eliminate physical records using a central document management repository to digitize, store and retain asset details and pertinent documents.
  • Generate asset status reports, particularly those related to aging and depreciation, and receive status updates with rule-based alerts.

Numerous software vendors offer fixed asset management solutions to businesses of all types and sizes, although these systems don’t always fall under the same software category.

Primary Benefits

So what can fixed asset software offer your business? First, here are some of the benefits that you can expect from fixed asset management software:

Related Categories

Fixed Asset Software Benefits

Enhanced Security

Since companies in industries like nuclear power, for example, face increased scrutiny from regulatory bodies and government agencies, being able to provide a transparent view into your operations is crucial.

With the help of fixed asset tracking systems, it becomes easier to store and track data accurately. Users can mitigate the likelihood of human error or record it for future reference. Fixed asset management makes it easy to record every action logged by users, and role-based access permissions ensure that only authorized personnel can access sensitive data.

Improved Budgeting & Reduced Costs

Organizations should always look for ways to make operations more efficient — that’s just good business. An asset management system helps you ensure your assets are maintained cost-effectively.

Buying unnecessary inventory (aka procurement) is a problem for many organizations — keeping track of stock levels and materials by spreadsheet is tedious and often inaccurate. A reliable storing and tracking system for this data is essential. It gives you total control over your current stock and potential purchasing decisions.

Several features help with budgeting and operations and maintenance. By defining asset traits like depreciation, users can predict individual life spans. This potentially saves you money by providing a warning when an asset is reaching the end of its profitable life, allowing you to replace or retire it.

Additionally, asset mismanagement results in unnecessary maintenance costs and decreased asset life spans.

Fixed asset software stores essential information about assets. It also aids in maintenance task scheduling and alert generation. It facilitates the expansion of your business by identifying ineffective items.

Efficient & Accurate Reporting

Business intelligence modules’ features like reporting offer companies real-time data on how each asset functions. It can measure mean time between failure (MTBF), performance and average downtime to help you evaluate asset life cycles. This information allows you to make data-driven decisions based on concrete facts about individual assets.

It also streamlines the management process, which can improve the overall profitability of your organization. Additionally, fixed asset management software helps reduce human errors in asset performance monitoring. Even minor errors can result from inaccurate depreciation calculations, which, at best, waste time and money. At worst, they can be life-threatening errors if assets like machines become dangerous as they age.

Streamlined Audit Operations

Auditing is critical for determining which assets your organization owns and their locations.

You can schedule your audit time frame and receive status updates on the process using fixed asset software. It eliminates unnecessary steps from daily operations, making them more efficient and faster.

Features & Functionality

Asset Life Cycle Management

Asset tracking is a major part of asset management. With barcoding, managers can track costs, identify potential issues and make timely adjustments to maintenance schedules according to both immediate and long-term needs based on real-time data.
Work Order Management

Work order management software facilitates streamlined workflows for employees across several departments. Input work order requests that you can assign to specific technicians (internal or external) for completion.

If everyone knows what they need to do and when to do it, they can complete work quicker and more efficiently.
Inventory Management

EAM software eases inventory management processes. It helps you manage all stock and inventory — not only vehicles and equipment. It helps you stay organized, from spare parts to maintenance tools.
Maintenance Management

Both CMMS and EAM tools offer robust maintenance management capabilities to ensure your assets remain in peak condition.

Asset maintenance systems store crucial asset data, like previous maintenance, depreciation estimates and MTBF, directly within the asset’s profile for easy access.
Vehicle Maintenance

EAM software sends alerts when it’s time to perform scheduled maintenance so you don’t put it off until the vehicle breaks down.

Direct lines of communication between dispatch teams and drivers help keep everyone updated with schedule changes, potential hazards and other crucial information.

Software Comparison Strategy

To begin your EAM software selection process, the first step is to identify your specific requirements. Our free, interactive EAM requirements templates can assist you in this process, making it easier to determine the features you’ll likely use and those that aren’t necessary. This will help you create a shortlist of features that you can use to evaluate EAM software providers.

Additionally, it's crucial to consider your budget. While some vendors may provide quotes upon request, our comprehensive pricing guide offers information on many vendors' pricing structures.

It's important to have a rough estimate of your budget, but also be prepared to be flexible as software investments can yield a significant return on investment.

For further guidance on how to approach your software comparison with expertise, you can refer to our Lean Selection methodology.

Cost & Pricing Considerations

Cloud-based products typically involve a per-user, per-month payment structure. On the other hand, on-premise solutions may offer unlimited access with a single license purchase or require the purchase of multiple licenses for each user or user group.

With a cloud-based product, vendors handle various aspects such as maintenance and disaster recovery. However, if you opt for an on-premise system, you’ll be responsible for managing and paying for these tasks yourself.

When considering the cost of a product, it's essential to evaluate which features are included in each pricing tier. Advanced features and extensive or complex feature requirements can significantly impact the overall cost. You can check out our pricing guide (linked to in the previous section) for more details.

The Most Popular Fixed Asset Software

Let's look at the top three fixed asset systems on the market.

SAP EAM

SAP EAM is a comprehensive suite that supports facility, machine, equipment, vehicle and asset maintenance. It empowers facility managers to effectively coordinate maintenance activities, monitor asset life cycles, maintain facilities and generate reports.

With SAP EAM, users can efficiently manage asset information, enhance performance, create assessment templates, evaluate risk and criticality, and much more.

SAP EAM

Review preventive maintenance details, including order status and more, in a single dashboard. Source

IBM Maximo

Maximo assists in managing physical assets such as facilities, vehicles, equipment and machinery. It helps you improve preventive maintenance and asset life cycle management to increase asset life spans and availability while lowering risk.

IBM Maximo

Track scheduled and performed work orders with work order management capabilities. Source

Infor EAM

Infor EAM is a software solution that enables enterprises of all sizes to track, organize and simplify maintenance work. It keeps track of KPIs and creates reports to aid with data-driven decision-making. On-premise, cloud and hybrid deployment options are available.

Infor EAM

Find work order details easily with Infor’s work order management module. Source

 

 

Questions To Ask

Before you select a fixed asset platform, you need to understand the purpose it’ll serve in your organization. You can take pointers from this list of questions to ask internally:

  • What’re the specific features and functionalities we need in fixed asset software to meet our requirements?
  • Will we need dedicated IT resources? If yes, how much would that cost?
  • Do you need mobile access for field agents and on-site employees?
  • Do we need fixed asset software to integrate with our current technology infrastructure?
  • What deployment methods are we open to? Does our industry have specific deployment requirements?

Fixed Asset Software Key Questions

The vendor’s experience and vision for their product should play a role in your software decision. Before you settle on one of the many fixed asset platforms, ask vendors:

  • What’s your installation and integration methodology?
  • How user-friendly is the software?
  • What kind of technical support and training do you provide?
  • What’s the pricing structure, and are there any hidden costs?
  • How secure is the software, and what kind of data protection measures are in place?

Next Steps

EAM and fixed asset management offer numerous benefits to organizations of all sizes and specialties. Now that you’ve looked at some of the top solutions on the market, use our requirements template (linked to in the Software Comparison Strategy section) to compare products to your unique needs and jumpstart the software selection process.

No single system is the objective best in the industry, so matching your needs to the features of different products is the best way to ensure you get the right software.

Check out our free comparison report for a more in-depth look at these products and other EAM and fixed asset management products. You can match your requirements to specific solutions, check prices and much more.

Product Comparisons

Additional Resources

About The Contributors

The following expert team members are responsible for creating, reviewing, and fact checking the accuracy of this content.

Riya
By Riya Jamble
Technical Content Writer
Riya is a Technical Content Writer at SelectHub. She writes content for our construction scheduling and bidding, CMMS and medical billing categories. She's also a part of the social media team where she crafts posts that engage and resonate with our audience. Riya holds a Graduate Degree in Journalism and Mass Communication from Lovely Professional University, Punjab, India. Fueled by a love for black coffee, her day begins and ends with its energizing ritual. Riya enjoys a variety of TV series, including Friends, Suits, American Horror Story, and How to Get Away with Murder. During her free time, you'll find her reading or spending time with her close ones. She believes in magic and is waiting for that day when reality compromises and fairytale swirls around with a smile.
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Mohit
Technical Research By Mohit Hariramani
Senior Analyst
Mohit has a degree and Master in Finance from Mumbai, India, his years of professional market research experience started in 2019. His expertise lies in categories such as Enterprise Resource Planning (ERP), Manufacturing, Inventory Management, Manufacturing Execution Systems (MES), Facility Management Software (FMS), POS Systems (Point of Sale) and more. Through his academic and professional background, he honed skills in attention to detail, navigating ambiguity, and analytical prowess, which uniquely equip him to manage and thrive in the dynamic landscape of these diverse categories. He's passionate about leveraging his knowledge and experience to contribute effectively to the assigned technology areas.
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Kankana
Technical Review By Kankana Kalita
Principal Analyst
A seasoned business and research analyst, Kankana Kalita specializes in ERP, CMMS, manufacturing, construction, supply chain, HRMS and CRM. Prior to joining SelectHub, she earned a Bachelor's degree in Computer Science and Engineering, an MBA in Operations and Marketing, and worked in email marketing and logistics.
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Ryan
Edited By Ryan McElroy
Content Editor
Ryan McElroy is a Content Editor and Senior Market Analyst at SelectHub who writes and edits content on various software types, along with their broader concepts and the industries they serve, including medical, construction, CMMS, supply chain management and legal. He studied at the University of Missouri (Mizzou) and earned his BA in Journalism in 2016. During his free time, you’ll find Ryan playing video/card/board games, sipping coffee and reading speculative fiction, or listening to music his loved ones often describe as “headache-inducing.”
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