12 Best Asset Management Software for 2024

Geeta S
October 12, 2024
11:32 am

Asset management software market is growing at a CAGR of 11.8% during forecast period of 2023 to 2033. ITAM software market is projected to hit USD 12.14 billion by 2025, according to recent research. This growth is primarily driven by the increasing complexity of IT infrastructures, comprising both hardware and software assets.

Organizations have come to understand the critical role that efficient asset optimization plays throughout an asset’s lifecycle. It not only enhances operational productivity but also helps in managing costs more effectively. Recent AI innovations are streamlining many areas of IT asset management, making it easier for businesses to manage their assets.

For instance, software can automatically alert you when software licenses are nearing expiration or identify underused assets that could be reassigned, reducing waste. By automating routine tasks like asset tracking and monitoring, AI significantly cuts down on manual effort, ultimately saving time and money for organizations.

In this guide, we’ll explore the leading AI-powered tools designed to enhance asset management, offering insights into how they can streamline your processes in 2024 and beyond.

Best 12 Asset Management Software

Apps365

Apps365 provides robust asset management capabilities, enabling IT teams to efficiently oversee and manage the complete lifecycle of assets, from acquisition to disposal.

Key features include:

Customize asset attributes and store comprehensive data for both hardware and software assets.
Visualize asset connections with users, service requests, and incidents, making it easy to assess asset impacts.
Automate workflows across the asset lifecycle, from procurement to retirement.
Seamlessly integrate with Microsoft Intune to import asset data and manage a unified service record.
Access detailed reports on asset usage to support better decision-making in asset planning.

Why choose Apps365 for IT asset management?

Apps365 is a cutting-edge asset management software designed to deliver top-tier employee experiences. Powered by AI from the ground up, it automates key functions such as asset, incident, request, and change management, making it a complete ITSM platform for today’s enterprises.

With its centralized platform , IT teams can efficiently manage asset relationships by linking incidents and requests to affected assets. Apps365 also integrates with leading device management systems like Intune ensuring smooth synchronization of asset data.

IBM

Maximo stands out as a top enterprise asset management solution, recognized for its scalability and wide range of features. Its AI-driven monitoring enables proactive maintenance by addressing issues before they arise through condition-based strategies.

Key features:

Organizations can customize and manage their license capacity to meet business needs.
A unified platform delivers a holistic view of all assets across the enterprise.
Maximo offers flexibility, with deployment options available on any cloud platform.

Service Now

ServiceNow’s Asset Management system offers comprehensive visibility into assets, enabling organizations to enhance asset utilization and lower costs. Employees can conveniently use mobile devices to request assets, view assigned assets, and report incidents at any time.

Key features:

Access and manage assets on the go with mobile apps, boosting field service efficiency.
Gain real-time insights into asset performance, usage trends, and maintenance requirements.
Handle various assets such as hardware, software, facilities, and consumables throughout their entire lifecycle.

Asset Panda

Asset Panda is a cloud-based asset tracking and management solution designed to help various industries manage diverse digital assets. With its robust integrations and logging capabilities, IT teams can Asset Panda

streamline their asset management processes effectively.

Key features:

Flexible, customizable workflows for asset management.
Comprehensive audit trails to track the history of assets.
Automated alerts to improve asset planning and decision-making.

Zluri

Zluri is one of the top software in manage IT assets, non-IT assets, software, asset components, and user groups. The platform also offers robust features for tracking software compliance and provides advanced tools for software usage forecasting.

Key features:

Monitor software compliance through detailed visual reports.
Manage asset relationships seamlessly using an integrated Configuration Management Database (CMDB).
Discover and track assets automatically via network scans and individual device assessments.

Jira

Jira Service Management provides comprehensive IT asset management functionality, allowing for seamless asset tracking, inventory control, and procurement process automation.

Key features:

Establish a centralized database to monitor and manage various assets, such as hardware, software, facilities, and more.
Connect assets to relevant Jira issues like service requests, incidents, or change requests for streamlined resolution.
Structure assets in a hierarchical format based on factors like location, department, or function for improved organization and management.

SysAid

SysAid is an IT service management solution that incorporates comprehensive asset management features, enabling organizations to effectively track and manage IT assets throughout their lifecycle.

Key features:

Automated Asset Information Collection: SysAid automatically gathers relevant asset details, including screenshots and videos, to facilitate swift issue resolution

Remote Issue Resolution: Service desk agents can securely access and resolve end-user issues remotely, enhancing efficiency and response times (
Built-in Discovery Capabilities: The system can scan IT assets and their attributes across the network, ensuring that asset data remains accurate and up to date

Ivanti

Ivanti Neurons centralizes asset data, enabling organizations to strategically manage and optimize assets throughout their entire lifecycle. It provides a comprehensive view of hardware, servers, clients, virtual environments, cloud, and software assets, from acquisition to disposal.

Key features:

Real-time asset discovery and normalization to build an accurate asset repository
Integration with service management CMDB for seamless asset tracking
Customizable reporting for detailed insights on asset utilization
Barcode scanning and vendor management functionality for enhanced asset control

Sapphire

Sapphire is a comprehensive enterprise asset management solution designed to streamline asset and inventory management, enabling efficient creation, tracking, and management of assets, parts, and consumables. It also offers advanced workflow automation for complex asset operations like registration, retirement, disposal, requests, movements, work orders, and permits.

Key features:

Hyper-automated workflows for seamless asset governance and efficiency
Highly configurable options for tailored asset management
Integration with Real-Time Location Systems (RTLS), RFID, and IoT for accurate asset tracking
Seamless integration with ERP and Procure-to-Pay (P2P) systems for smooth asset data flow across platforms

Miradore

Miradore is a versatile IT asset management solution specializing in lifecycle management. It offers IT teams comprehensive tools to discover and track IT assets with detailed information, capturing numerous attributes and changes in real time.

Key features:

Remote collection of custom asset data and manual updates for complete inventory oversight
Precision planning for budgeting, procurement, and device changes
Seamless deployment of new hardware and software, ensuring security and compliance
Efficient monitoring and maintenance with updated configurations
Secure retirement and replacement of outdated assets to minimize operational risks

HR365.US

HR365 is a comprehensive IT asset management platform designed to streamline the discovery, management, and optimization of your organization’s technology resources. Here are five key features:

Centralized Inventory : Consolidates all asset data into a unified inventory, providing complete visibility into your tech stack.
Efficient Tracking : Enables your team to monitor asset ownership, locations, and usage for better management across the organization.
Discovery of Hidden Assets : Uncovers hardware and software assets that may otherwise go unnoticed.
Proactive Risk Management : Identifies potential threats such as unauthorized devices and software vulnerabilities to prevent serious issues.
Cost Reduction : Helps identify unnecessary expenses, supports budgeting decisions, and ensures cost-effective IT asset management.

Device42

Device42 is a sophisticated IT inventory and asset management platform that utilizes auto-discovery tools to maintain precise records for physical, virtual, cloud, and hybrid infrastructures. The system accommodates various discovery protocols and virtualization platforms, ensuring your inventory remains current and audit ready. For hardware, Device42 automates the detection and updating of devices, facilitating straightforward documentation and modifications.

Five Key Points:

Auto-Discovery Tools : Maintains accurate inventory for physical, virtual, cloud, and hybrid infrastructures with support for various discovery protocols and virtualization platforms.
Hardware Inventory Management : Automatically detects and updates devices, simplifying documentation and component modifications.
Software Inventory Insights: Provides detailed profiles of software across the IT infrastructure, including license counts, prohibited applications, and compliance alerts.
Mobile Device Support: Enables inventory management through smartphones and customized QR codes for tracking assets or equipment.
Automated Warranty Checks : Streamlines lifecycle management by retrieving warranty information from major vendors like Dell, HP, IBM, and Lenovo.

Choosing the ideal asset management tool for your organization involves thorough evaluation of your unique needs, budget, and future objectives. Beyond the sheer number of features, the key is relevance. The right tool should align seamlessly with your business requirements.

Curious if Apps365 is the right SharePoint IT asset management solution for your organization? Contact us at apps365.com for free Demo now!

Frequently Asked Questions

1. What is asset management software?

Asset management software is a tool designed to help organizations keep track of and manage their physical and digital assets. This includes everything from inventory and equipment to financial investments. The software offers functionalities like asset tracking, maintenance scheduling, and comprehensive reporting to ensure optimal asset utilization and lifecycle management.

2. How does asset management software benefit my organization?

This software can significantly enhance your organization’s efficiency. By streamlining asset tracking and maintenance, the software helps reduce downtime and prevent loss or theft. It also supports informed decision-making about asset investments, extends the lifespan of assets, and ensures compliance with relevant regulations.

3. Can asset management software integrate with other systems?

Yes, this software is designed to integrate seamlessly with other systems, such as ERP (Enterprise Resource Planning), accounting software, and maintenance management systems. This integration ensures smooth data flow between platforms, which enhances overall operational efficiency and provides a unified view of your assets.

4. What features should I look for in asset management software?

When selecting asset management software, consider features such as:

Asset Tracking: Monitor the location and status of your assets.
Inventory Management: Manage and oversee your inventory effectively.
Maintenance Scheduling: Schedule and track maintenance activities.
Reporting and Analytics: Gain insights into asset performance and usage.
Barcode or RFID Scanning: Simplify data entry and tracking.
Integration Capabilities: Ensure compatibility with other systems.

Additionally, a user-friendly interface and mobile access are valuable for managing assets on-the-go.

5. Is SharePoint asset management software suitable for small businesses?

Absolutely! This software is beneficial for businesses of all sizes, including small businesses. For smaller organizations, it offers cost-effective solutions to manage and track assets, streamline operations, and improve decision-making, all without the need for extensive IT resources.

6. How secure is asset management software?

Security is a top priority for this software providers. Look for solutions that offer robust security measures such as data encryption, user authentication, role-based access controls, and regular security updates. Choosing software that adheres to industry standards and best practices for data protection will help ensure your asset information remains secure.