The advent of technology and the digital age has impacted many facets of life and the business world is not left out. Many of the business activities that have been digitalized are the management of assets, and with the expansion of many businesses, there is a need to track more assets than before, hence, the need for asset management tools. 

In this article, we will discuss some of the best asset management tools or software. 

Top 5 Asset Management Tools

  1. ManageEngine AssetExplorer – Best Overall
  2. InvGate Assets – Best for Small and Medium Businesses
  3. Ivanti IT Asset Management – Best for Custom Reporting
  4. Asset Panda – Best for value
  5. MMSoft Pulseway – Best for Mobile Application

1. ManageEngine AssetExplorer – Best Overall

Pricing: The starting price is $997 per year

ManageEngine AssetExplorer is a web-based software that comes with features and tools that help with inventory management compliance review, software license administration, and many more. ManageEngine AssetExplorer is the leading software in this review because it combines reasonable pricing, ease of use, and updated technology to provide asset management services to users. 

While you may find the feature-rich toolset a bit overwhelming and daunting when you start using the software, there is a 30-day free trial period that you can use to get the hang of the software. 

Key Features

  • The software’s toolset has lots of features
  • It comes with a 30-day free trial
  • Provides a Quick Links feature to help you remain focused during use
  • Comes with a user-friendly interface that mimics Windows OS

Reasons to buy

  • It is very easy to set up and use
  • The pricing is reasonable and quite affordable for an all-round software
  • It uses a Windows-like interface
  • It comes with a feature-rich toolset, accompanied by mature technology 

Reasons to avoid

  • It doesn’t have a mobile application
  • It is not ideal for small businesses with a meager number of IT staff

2. InvGate Assets – Best for Small and Medium Businesses

Pricing: To the get the pricing plan for InvGate Assets, you need a quote from the company

If you are looking to get all the important features, hardware bases, and frameworks that you need to effectively manage your assets and inventory, then InvGate Assets is one of the options you should consider. The software provides all of these features with an easy installation process and user-friendly interface. The culmination of these impressive qualities makes InvGate Assets the best assets management software for small and medium businesses.  

Key Features

  • Comes with numerous features such as remote desktop, change management, software metering, network discovery as well as advanced reports
  • Shortened learning curve due to simple interfaces
  • Comes with a smart alert system that lets you know if there is a problem with any of the assets

Reasons to buy

  • Pricing plans were made with small and medium-sized businesses in mind
  • It uses a straightforward navigation approach
  • It is easy to use and setup
  • It uses an alarm system compatible with different operating systems

Reasons to avoid

  • It has a limited reporting functionality

3. Ivanti IT Asset Management – Best for Custom Reporting

Pricing: Depends on the number of nodes that needs support

If what you are looking for is adequate flexibility, Ivanti IT Asset Management is the best option. The software provides pre-built reports that can be customized in tune with your queries. 

If you have used the Ivanti IT Asset Management suite before, you will agree that the software comes with many features and there are equally lots of reasons to love the software. However, the standout feature remains its reporting capability. This is especially important for corporations and enterprises that prioritize the quick and explicit highlighting of key data points. This is made possible through its numerous pre-built reports. 

Key Features

  • Pricing depends on the number of supported nodes
  • There is a free trial offer
  • Numerous support channels such as telephone calls, emails, online self-service, and a web portal

Reasons to buy

  • Allows for customization of workflows and processes
  • Provision of desktop and mobile workspaces
  • Setup is simple, all thanks to an easy-to-use Wizard Setup
  • Uses a user-friendly interface styled after Windows 

Reasons to avoid

  • The installation process is lengthy and requires serious hardware
  • It doesn’t offer web-based or cloud-based services
  • You only get 24/7 phone support if you are on a premium plan

4. Asset Panda – Best for value

Pricing: $1500 per year for 500 assets

Regardless of your business type or size, Asset Panda is an ideal and suitable asset management software. It is a cloud-based solution and mimics a turnkey solution, but it is not. It stands above a lot of asset management software due to its premium features that include unlimited users, custom reporting, ability to be configured to meet the requirements of any business. The combination of all of these features makes Asset Panda the best asset management software concerning value. 

Asset Panda is also a force to reckon with concerning the tracking and management of its assets. It uses an inventory management module that allows the combination of inventory and asset management under the same platform. This module also comes with the ability to manage assets located in different places all at the same time. 

Key Features

  • Allows the addition of multimedia files such as photos and videos to asset data files
  • Provides strong reporting options using the in-built report formats
  • Comes with a mobile app with easy integration to the web application
  • Provides GPS tracking and mobile audit features

Reasons to buy

  • Comes with a dashboard that is easy to customize and configure
  • Has a mobile app with numerous features
  • Provides strong technical support
  • Allows you to add pictures and videos to data files

Reasons to avoid

  • Takes a long time to understand and perfect its use
  • It has no network discovery feature

5. MMSoft Pulseway – Best for Mobile Application

Pricing: $1.71 per workstation 

This is a user-friendly, mobile and powerful system for monitoring and managing your assets. In a way that is different from other asset management software, MMSoft Pulseway places its priority on the mobile application. Thus, it makes it easy to discover, track and manage assets all from your smartphone or tablet. 

Because of its priority on mobile applications, MMSoft Pulseway provides an intelligent and modern user experience, regardless of the device in use. This makes it easy for users to access a wide range of functionalities and connectivity to machines. You can also carry out system processes such as the killing process, logging out, suspension, and locking assets that are not based on Windows through the mobile application. This means that while you can connect to a Windows machine, you don’t need to. 

Key Features

  • Provides real-time status updates from mobile apps
  • Allows for troubleshooting operating systems and cloud-based servers through the mobile app
  • Provides remote access to Windows computer

Reasons to buy

  • It allows for easy connections to physical and virtual infrastructure (whether deployed locally or on cloud)
  • The iPad app comes with full functionalities
  • It is easy to use with a robust feature set
  • The user experience is modern and intelligent

Reasons to avoid

  • It requires networking of managed assets
  • It has a limited reporting functionality 

References and Links

  • https://www.trustradius.com/software-asset-management
  • https://www.gartner.com/reviews/market/software-asset-management-tools/vendor/snow-software/product/snow-license-manager/reviews