Home > EAM Software > Maximo > Maximo vs Sage Fixed Assets

Maximo vs Sage Fixed Assets

Last Updated: November 18th, 2024

Our analysts compared Maximo vs Sage Fixed Assets based on data from our 400+ point analysis of EAM Software, user reviews and our own crowdsourced data from our free software selection platform.

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Product Basics

Maximo by IBM helps manage physical assets like facilities, vehicles, equipment and machinery. It offers features like space management, storeroom management, integrations, inventory management, task management and more. It improves asset lifespan and operation availability as well as reduces risk through preventive maintenance and lifecycle management.

Sage Fixed Assets is a comprehensive software solution designed to streamline enterprise asset management (EAM) tasks. It excels in tracking, managing, and depreciating fixed assets, making it particularly suitable for mid-sized to large organizations that require meticulous asset oversight. The software's robust capabilities include detailed asset tracking, depreciation calculation, and compliance with tax regulations, which are crucial for businesses with extensive asset portfolios.

Users benefit from its intuitive interface, which simplifies complex asset management processes, and its ability to integrate seamlessly with other financial systems. Popular features include customizable reporting, barcode scanning for physical inventory, and automated depreciation schedules. These features enhance accuracy and efficiency, reducing the risk of errors and ensuring compliance with financial standards.

Compared to similar products, Sage Fixed Assets is praised for its user-friendly design and comprehensive functionality. Pricing details are typically tailored to individual business needs, so it's advisable to contact SelectHub for a personalized quote. This ensures that users receive a solution that fits their specific requirements and budget.

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Product Insights

Energy and Utilities Speciality: Access pre-built data models and tailored dashboards for energy and utilities. Analyze operational data to visualize asset health and view scoring models to determine risk factor. Monitor critical assets, asset health and failure predictions.
IoT Platform: Store IoT data for 30 days and get an overview on all assets. Access sensor, consumer, enterprise and industrial entities, with alerts to detect when asset data reaches or falls below set thresholds.
Efficient Scheduling: View a graphic representation of work orders and PM schedules. Manage shutdowns, outages, maintenance and other large projects across multiple locations. Check the status and schedules of multiple projects on the dashboard and accomplish end-to-end work management.
Linear Asset Management: Gain visual control over assets like roads, pipeline, rail lines and transmission lines. Track labor, materials, tools and asset conditions by linear measures.
Managed Service Provider: Manage customer agreements, service deliveries, billing and supplier contracts. Decide response plans, billing and price schedules as well as create bill batches for recurring costs.
Improved Safety: Manage safety, reliability and environment performance in compliance with regulations. Prepare for audits and surveys, catch defects, investigate incidents, and define lockout and tagout operations.
Asset Configuration: Manage near-real-time configuration of assets like aircraft and rail vehicles. Access technical records, create task cards that prompt manual reviews and get automatic displays of a record’s status.
Calibration: Stay on top of calibration history, data sheets, reporting, and all the requirements for traceability and reverse traceability.
Spatial Asset Management: Visualize and locate assets, locations, work orders and service requests on maps.
Data Visibility: Ensure all data is visible to all parties with IBM Maximo Registry, which stores a subset of transaction data entered on blockchain.
Equipment Maintenance Assistant: Support asset management programs with artificial intelligence.
Mobility: Multiple mobile apps supporting role-specific tasks in the work management process are available on Android and iOS. Available online and offline, they provide flexible access to work orders, inventory, asset data management, work approvals, barcode capabilities and more.

Keep Track of Assets: Customize asset profiles and projects with pre-defined fields, report on asset metrics, compile financial predictions and more. Asset profiles store images, repair histories and procurement for easy access.
Manage Projects: Manage multiple projects or multi-component asset construction and convert directly into finished asset profiles on completion.
Monitor Depreciation: Monitor the entire asset lifecycle from procurement to retirement, utilize accounting and reporting to track asset depreciation, predict asset repair cost, and accurately budget for new equipment.
Streamline Operations: Avoid redundant data entry, centralize asset management tasks and improve communication.
Save Money: Manage inventory to reduce lost stock, monitor assets with preventive maintenance plans to improve ROI and save money with a central hub of efficient technicians.

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.

Intuitive User Interface: Users of any technical skill level can use the software. A tutorial wizard walks through every step of processes like inventory management, tax audits and others.
Inventory Management: Track and control business’ stocks with inventory management features. Includes stockroom management, automated alerts, procurement and purchasing.
Depreciation Modes: Provides 50 fixed asset depreciation methods such as MACRS (Modified Accelerated Cost Recovery System), straight-line, modified, declining balance, sum-of-years and more.
Reporting: Quickly and efficiently generate reports based on industry standards or from customized templates. Comes pre-loaded with more than 30 report formats such as IRS tax forms, Schedule 8 Capital Cost Allowances and GASB 34/35.
Barcode Readers: Perform inventory checks and reconcile data with Microsoft barcode readers. Sync data from multiple websites in real time to ensure updated information.
Integrations: All three modules integrate seamlessly with one another, as well as with other Sage products, third-party ERP and general ledgers, CRM and more.

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Analyst Rating Summary

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User Sentiment Summary

87%

of users recommend this product

Maximo has a 'great' User Satisfaction Rating of 87% when considering 978 user reviews from 5 recognized software review sites.

82%

of users recommend this product

Sage Fixed Assets has a 'great' User Satisfaction Rating of 82% when considering 79 user reviews from 4 recognized software review sites.

4.4 (507)

4.0 (22)

4.18 (76)

4.53 (17)

4.2 (72)

4.0 (39)

4.3 (259)

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4.3 (64)

1.5 (1)

Awards

Synopsis of User Ratings and Reviews

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.

Simple Interface: Many users praise the software for its intuitive design, making it easy to navigate and use for managing assets.

Tailored Customization: The software offers robust customization features, allowing businesses to adapt the software to their specific needs and requirements.

Scales with Your Business: Sage Fixed Assets is designed to accommodate the growth of businesses, making it suitable for both small companies and large enterprises.

Full Asset Lifecycle Management: The software provides a comprehensive set of tools for tracking and managing assets throughout their entire lifecycle, from acquisition to disposal.

Budget-Friendly Solution: Sage Fixed Assets is lauded for its cost-effectiveness, offering a quick return on investment due to its affordable pricing.

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.

Implementation Challenges: The initial setup and customization of Sage Fixed Assets can be quite time-consuming, particularly for businesses with complex asset management needs.

Complexity for Smaller Businesses: The software's robust feature set, while beneficial for larger enterprises, can be overwhelming and unnecessarily complex for smaller businesses with simpler asset management requirements.

Difficult Asset Imports: Importing asset data into the system is not intuitive and can be a cumbersome process, potentially leading to errors and requiring significant manual intervention.

Reporting System Shortcomings: The reporting system, while customizable, can be clunky and difficult to navigate, making it challenging for some users to extract the precise asset information they need.

Pricing Opacity: Determining the pricing for Sage Fixed Assets often requires consultation, and the lack of transparent, upfront pricing can be a deterrent for some businesses.

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.

Is Sage Fixed Assets the "sage" choice for managing your company's valuable assets? User reviews from the past year reveal a mixed bag. While Sage Fixed Assets is generally praised for its robust features, particularly its comprehensive depreciation calculations and customizable reporting capabilities, some users find it non-intuitive and difficult to navigate. One user, an accountant with a decade of experience using the software, raves about its ability to streamline asset tracking and depreciation calculations, highlighting the customizable asset template as a key strength. Conversely, another user criticizes the asset import system and reporting functionalities, finding them cumbersome and difficult to use. A major differentiating factor is the software's relatively low cost, making it an attractive option for small to mid-sized businesses seeking a quick return on investment. However, this affordability comes at the cost of a steep learning curve, with some features requiring advanced knowledge to utilize effectively. For instance, while the software boasts over 50 depreciation methods and compliance with various accounting standards, setting up and managing these features can be daunting for users without a strong accounting background. Overall, Sage Fixed Assets is most suitable for businesses with dedicated accounting personnel who can invest the time to master its complexities. Smaller organizations or those lacking in-house accounting expertise may find its learning curve too steep and its interface less user-friendly compared to more intuitive, albeit pricier, alternatives.

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FAQ

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