Fixed Asset Management is a system specifically developed for managing and maintaining physical assets. In other words, an organization's fixed assets are tracked and managed for fiscal accountability, loss prevention, and preventative upkeep through a process known as Fixed Asset Management. All sorts of things, such as computers, tools, software, and even office furniture, might be considered fixed assets. In any case, a specific tool or tools are employed to manage the same, as it would be quite easy for a corporation to lose control of these assets without an exact technique for keeping track of them.

In the list of the top tools, we have mentioned the top 33 Fixed Asset Management Tools along with their features and pricing for you to choose from.

1. Tracet

With Tracet, businesses can quickly and easily update their data in order to get started. Tracet helps users to rapidly manage fixed assets across several locations, while also ensuring regulatory compliance and verifying the integrity of assets.

Key Features:

• The software notifies the user when it is time to get rid of documents and assets, helping them declutter their office and cut costs.

• Tracet has a specialized section for handling IT infrastructure. In this way, hardware and software can both be effectively managed within an organization.

• If you use this tool to keep track of your fixed assets, you may cut costs and extend the useful life of your equipment.

Cost:

Contact their sales team to quote a price.

2. Qelocity QuickAsset Fixed Asset

Asset, location, AMC, and depreciation information may all be easily managed with the help of this tool. QuickAsset allows businesses to keep track of their financial records in accordance with tax law. It allows for full management of assets and data accessibility from any location.

Key Features:

• With the help of their Fixed Asset Management Software, you can build and manage an endless number of assets for an unlimited number of firms.

• Unlimited businesses can be created in the tool, and information is organized by the company.

• The software allows for a wide variety of locations to be set up, and assets can be moved between them as needed.

Cost:

Contact their sales team to quote a price.

3. TRAXX Asset Management

The complete fixed asset life cycle is managed by TRAXX, beginning with the initial purchase and ending with the final disposal. You may perform thorough, economical physical audits with the help of their Tracking module, which includes a full Fixed Asset & Inventory Tracking solution.

Key Features:

• For both outgoing and incoming Unit Transfers, multi-level procedures are configurable.

• Organizations can manage their budgets, assets, vendors, RFQs, and POs all in one place with the help of their P2P module, CartIQ.

• CartIQ's mobile-based authorization feature allows for easy participation from upper-level management, and the platform supports numerous process types.

Cost:

Contact their sales team to quote a price.

4. IBM Maximo

Maximo is useful for managing things like buildings, cars, and machines. Using strategies like life cycle management and preventative upkeep lengthens the useful life of assets and makes them more reliable.

Key Features:

• Get ready-made data models and customized dashboards for your energy and utility needs.

• Investigate scoring models to determine potential risk concerns, and analyze operational data to see how well your assets are doing.

• Watch the status of vital resources and be aware of any impending breakdowns.

• Maintain regulatory compliance while managing safety and dependability.

• It does regular inspections and audits, find problems, probe accidents, and establish lockout policies.

Cost:

Contact their sales team to quote a price.

5. SAP EAM

SAP EAM is a comprehensive tool that helps with the upkeep of buildings, machinery, equipment, vehicles, and more. It helps facility managers maintain their facilities and run reports more efficiently as well as coordinate the upkeep of their assets and track their life cycles.

Key Features:

• Users can take advantage of it in a variety of ways, such as asset information management, performance enhancement, the development of assessment templates, the evaluation of risk and criticality, and more.

• The total cost of ownership can be lowered by optimising asset use and capital spending during the asset's entire useful life.

• The SAP Asset Intelligence Network restricts access to sensor information, engineering analysis, and critical alerts to approved users only.

Cost:

Contact their sales team to quote a price.

6. Infor EAM

Infor EAM is a tool that helps businesses of any size keep tabs on, streamline, and standardize their maintenance operations. It monitors key performance indicators and generates reports to facilitate fact-based deliberation. It's possible to deploy the software on-premises, in the cloud, or in a hybrid configuration.

Key Features:

• Costs in all areas of the business may be monitored and controlled in one place, from raw supplies to upkeep expenses to projections and project administration.

• With this tool, you can keep your assets in tip-top shape by easily scheduling regular maintenance and repairs.

• Keep track of maintenance records, plan ahead for equipment's end-of-life, and keep a careful eye on the reliability of your assets to foresee potential breakdowns.

Cost:

Contact their sales team to quote a price.

7. AssetWorks

AssetWorks facilitates the management of a wide variety of tangible and intangible property. Fleet and fuel management, enterprise risk and asset management, surplus asset management, and more are all part of its offerings.

Key Features:

• It improves how things run by making it easier to coordinate tasks, personnel, and machines.

• You may extend the life of your assets by employing tactics like monitoring and preventative maintenance as well as depreciation.

• Streamline operations by assigning tasks and managing teams from a central hub, which also helps to monitor and control downtime for assets and plan for the future.

Cost:

Contact their sales team to quote a price.

8. eMaint

By streamlining team-based asset management and maintenance planning processes, eMaint helps businesses save time and money. Repairs and requests for work can be streamlined with the use of work order management and preventative maintenance plans, which in turn boosts professionals' output.

Key Features:

• Managers and employees in the field can now prepare reports and service requests away from their desks.

• Maximizing asset uptime, extending asset life spans, and reducing unexpected failures are all ways in which businesses can increase their return on assets through preventative maintenance.

Cost:

Contact their sales team to quote a price.

9. Sage Fixed Assets

Sage Fixed Assets software helps you manage and optimize your company's fixed assets. It uses a robust depreciation calculation engine and user-friendly reports that can streamline your company's asset management and accounting processes. It's important to monitor equipment's worth over time.

Key Features:

• Don't take the chance of fraud, overpaying in property taxes or insurance, or any of the other issues that come along with unaccounted-for "ghost" or "zombie" assets.

• Before investing in long-term assets, it's important to create a budget and carefully monitor spending.

• Provides asset depreciation forecasting based on many scenarios to meet your unique business requirements.

Cost:

Contact their sales team to quote a price.

10. UpKeep

UpKeep fixed asset management software automates preventive maintenance tasks by enabling operators to create maintenance requests. Work orders may be distributed to technicians quickly and easily with Upkeep's asset management solution. With the aid of UpKeep, asset management is evolving from a time-consuming, laborious process to an automated, streamlined one.

Key Features:

• UpKeep provides a central hub for the management and monitoring of all of your assets.

• Additionally, you can make work orders for injection machines, forklifts, conveyor belts, transport vehicles, and more, whether they need servicing once or on a regular basis.

• With UpKeep, you can easily monitor asset downtime, asset utilization, automated processes, expenses, work order creation and assignment, and report generation.

Cost:

The starter pack costs $45/per month per user and the Professional pack costs $75/per month per user.

11. AssetCloud

AssetCloud is the most comprehensive and feature-rich asset-tracking solution on the market today. AssetCloud is an alternative to the conventional excel sheet. Monitoring the whereabouts of fixed assets and keeping track of who has possession and when it will be returned.

Key Features:

• The process of checking out and checking in assets frees up end-users from asset management responsibilities and permits the reallocation of assets across the enterprise.

• Asset Cloud streamlines the process of making transactions that need extensive scanning.

• Thanks to AssetCloud's mobile compatibility, you'll always know what's happening with your assets and where they are, no matter where you go or what you're doing.

Cost:

Contact their sales team to quote a price.

12. Asset Panda

Fixed asset management may be made easier using Asset Panda, a cloud-based service. They offer a safe and easy method of managing your assets thanks to a robust cloud-based platform that is coupled with free mobile apps.

Key Features:

• Without additional user fees, location fees, or other usage fees, you just pay for the assets you track.

• AssetPanda is a free-to-download mobile app

• It has the ability to track and manage assets using low-cost scanners, software, or spreadsheets

Cost:

Contact their sales team to quote a price.

13. 360Facility

The goal of 360Facility, an asset and facility management software, is to improve operational efficiency and cut down on property and asset maintenance expenses. It uses a centralized database including all relevant information about a given property or set of properties. The 360Facility platform facilitates condition evaluations by organizing and prioritizing maintenance tasks.

Key Features:

• You can use the information gained from Real-Time Reporting to classify and address problems according to their origin, geographic location, or assigned department.

• By keeping tabs on vendor actions and granting instantaneous access to work orders and assets, 360Facility helps ensure a safe and efficient vendor management process.

• Using a central database, administrators may control who has access to which parts of the building and when.

• The 360Facility mobile app makes it simple to make changes to work orders, add photos, and examine time sheets.

Cost:

Contact their sales team to quote a price.

14. CHEQROOM

With CHEQROOM's asset management software, you can easily access and manage your stock from any web-enabled device. It helps you arrange your stock so that you can quickly retrieve the resources you need. Provides complete visibility into your assets by revealing who has borrowed what, for how long, and when it must be returned.

Key Features:

• Protect your expensive AV and IT equipment by keeping track of where it is at all times.

• Anytime, everywhere, via any device, you'll have access to your inventory data in the event of a disaster.

• It has the ability to promptly diagnose issues by marking and photographing the item in question.

Cost:

Essentials start from $100/month, Standard starts at $200, and Plus starts at $300.

15. AsseTrack FAMS

AsseTrack FAMS is a web-based asset management system that can be used by any business to effectively track and manage its physical assets. Possessing software like this that records the whereabouts and depreciation of each asset over time is crucial.

Key Features:

• With the help of this fixed asset management software, you can choose from a variety of asset scanning options to ensure that you capture everything.

• This tool facilitates the creation of a computerized fixed asset register and the generation of static and interactive reports for use in compliance with regulations and for the purposes of conducting business and exercising internal controls.

• Accounting, maintenance, and upkeep of a company's distributed assets are all improved with this software.

Cost:

Contact their sales team to quote a price.

16. Nektar

Nektar is a very flexible and adaptable platform for any type of fixed asset. Having all of your assets in one place makes it easier to manage them. The information from an asset's inspection stream can be used to generate a work order. Information on the Assets' Work Order life cycle can be accessed from any location. Nektar gives you the means to design reports that are unique to your needs.

Key Features:

• With the help of real-time business intelligence and interactive widgets, you can keep track of events as they unfold in the field in real-time.

• Filtering, mapping, and displaying data on GIS base maps are all possible thanks to the innovative GIS Integration.

• The Offline mode can be used while Nektar is not connected to the internet, and then synced once connectivity is restored.

• Data can be shared with other systems via Nektar's Open APIs.

Cost:

Contact their sales team to quote a price.

17. ManageEngine AssetExplorer

ManageEngine AssetExplorer is a web-based fixed asset software designed for large organizations. It does a wide variety of things, like keeping track of your hardware and software assets, precisely computing depreciation, and more.

Key Features:

• Checks the credentials you use to access your software, hardware, and other assets.

• Compatibility with any license format and automatic monitoring of license expiration.

• Helps you spend money solely on the licenses you need by keeping track of purchases and analyzing software usage habits.

• Manages the asset life cycle by providing information on when to buy and how much that purchase will end up costing you.

Cost:

Contact their sales team to quote a price.

18. EZ OfficeInventory

EZ OfficeInventory helps you scan barcodes on your fixed assets and instantly get information about their location, depreciation, and maintenance status. Tracking, servicing, and reporting on your office's hardware has never been easier than with EZOfficeInventory. With EZOfficeInventory, you can organize your assets from the time they're requested all the way through when they're no longer needed.

Key Features:

• Alerts you to various warranty, insurance, and other related information.

• Controls stock levels at several stores.

• Plans preventative maintenance to keep your machinery running smoothly.

• Takes care of your assets throughout their useful lives.

• As a piece of fixed-asset accounting software, EZ OfficeInventory is ideal for enterprises of all sizes.

• This software's most attractive feature is the convenience it provides at a reasonable price.

Cost:

Essential starts at $35/month, Advanced starts at $45, and Premium starts at $55.

19. InvGate Assets

InvGate Assets is a fixed asset management tool for keeping tabs on and managing your IT infrastructure, recording and revealing details about each asset and any modifications to its setup.

Key Features:

• Tracks every device's history of updates.

• Risks are reduced thanks to improved data analysis and informed decision-making.

• The ability to access a computer remotely from another location makes it much easier to perform routine maintenance tasks like software upgrades, incident management, uninstallation, etc.

• Software licenses' worth, expiration dates, and distribution are all tracked.

• In addition to being user-friendly and producing robust reports, this software also boasts excellent support staff.

Cost:

Contact their sales team to quote a price.

20. Ivanti

Ivanti is a great asset management tool that offers you a feature to track your fixed assets. With Ivanti, you can monitor your assets across their entire lifespan, enhance their performance, and collect exhaustive data about them.

Key Features:

• Monitors your IT infrastructure in the cloud or on-premises.

• Accessing data on your assets can help you work more effectively and with less downtime.

• Controls all aspects of your assets' existence.

Cost:

Contact their sales team to quote a price.

21. ProTrack

The ProTrack asset tracking tool allows you to keep track of your company's fixed assets, including their whereabouts, who has possession of them, and when they are expected back. This allows you to exercise full management over those assets.

Key Features:

• When it comes to streamlining asset inventory procedures via barcode technology and RFID technology, Pro-Track asset tracking software is your best bet.

• When items are checked in, the users are relieved of their accountability and the assets can be redistributed to other departments.

• With ProTrack, you can assign a unique barcode to each asset and keep tabs on its whereabouts and condition with ease.

Cost:

Contact their sales team to quote a price.

22. FastFacts FAMS

FastFacts FAMS offers a comprehensive fixed asset tracking solution that makes audits easier. Calculating depreciation for a large number of fixed assets can be simplified. The tool will provide you with detailed records of all financial dealings, allowing for quick and simple asset verification whenever it's needed.

Key Features:

• The tool can keep track of assets that are retired or sold and contribute to the calculation of gain or loss.

• FastFacts FAMS ensures that insurance reports and warranty expiration dates are communicated to you in a timely manner.

• It is also capable of recording acquisition details cost break-up.

Cost:

Contact their sales team to quote a price.

23. Newgen

Newgen gives users full visibility into the management process from the time an asset is acquired until it is sold or otherwise disposed of. It makes it easy for them to handle the lifecycle of fixed assets.

Key Features:

• Eliminate the need for paper records by digitizing, recording, and maintaining asset details and relevant documents in a centralized document management repository on a continuous basis.

• Produce reports on the condition of assets, especially as they relate to aging and depreciation, and use rule-based alerts to keep users abreast of changes.

• Documentation pertaining to assets is digitized for tracking and retrieval convenience. Asset and related documentation management database.

• Complete fixed-asset tracking and regular audits are features it offers.

Cost:

Contact their sales team to quote a price.

24. Mrisoftware

Mrisoftware is a fixed asset management software that provides accurate depreciation-validated asset data and good reporting. MR aids businesses in conforming to the most recent corporate governance standards and tax rules.

Key Features:

• It offers a thorough audit trail that helps businesses conform to audit rules and adapt to the needs of tax regulations.

• MRI's software handles depreciation calculation and forecasting, capital expenditure control, asset tracking/physical auditing, and more, all in the name of efficient fixed asset management.

Cost:

Contact their sales team to quote a price.

25. ProSeries Fixed Asset Manager

Accounting businesses utilize ProSeries Fixed Asset Manager to keep tabs on their clients' assets and do automated depreciation calculations.

Key Features:

• It offers different MACRS (Modified Accelerated Cost Recovery System) depreciation techniques, year-round asset purchase, tax depreciation, and sale tracking.

• This system has an easy-to-use interface that can be tailored to the user's preferences and integrated with numerous external programs.

• You may easily import asset information in common file formats including CSV and ASCII, as well as in Word and Excel.

Cost:

The package starts at $392.

26. Fixed Assets CS

Fixed Assets CS is an effective, user-friendly, and adaptable platform for managing your fixed assets. It is simple to use because of its straightforward navigation and graphic user interface, as well as the clear organization of its files, which greatly reduces the need for training.

Key Features:

• It can function independently, but its full potential is unlocked when combined with the other tools in the CS Professional Suite.

• To accommodate different deployment strategies, the tool can be used either online (as a cloud-based solution) or locally (as desktop software).

• All the standard approaches to depreciation are supported, including ACRS, MACRS, Straight-Line, Units of Production, and Amortization.

Cost:

Contact their sales team to quote a price.

27. Asset Organizer Pro

Asset Organizer Pro is a software application that helps businesses keep track of their physical fixed assets. Virtual access to stock and asset information is made simple. In addition to being a complete solution, it also includes a user-friendly interface that makes configuration a breeze. It's important to note that the system is only compatible with Windows (10, 8, 7, XP, and Vista).

Key Features:

• It provides a thorough template for an asset database that can be used to store and manage data about your company's physical and intangible possessions.

• It also includes employee, manufacturer, and supplier databases.

• Asset maintenance can be monitored with the use of a maintenance log and dedicated workers.

Cost:

Contact their sales team to quote a price.

28. PowerPlan Fixed Asset Suite

The PowerPlan Fixed Asset Suite is a fixed asset management tool with a primary function to enhance enterprise resource planning and company asset management systems. It monitors and enhances the performance of fixed asset information from acquisition to retirement.

Key Features:

• This tool's ability to automate specialized accounting operations is a unique feature.

• The tasks, which include computations, creations, and approvals, are similar to those found in accounting software

• The tool helps to reduce operating expenses and increase cash flow.

Cost:

Contact their sales team to quote a price.

29. Tenna

Tenna's unified platform helps businesses keep track of their tangible property. The tool is user-friendly enough that you can get started right away only by uploading your list of physical assets.

Key Features:

• Scanning tags, such as those used for QR code inventory monitoring, GPS asset tracking, or RFID tracking, is how you get started.

• Complete, real-time inventory visibility is provided via a centralized asset tracking system.

• In this way, you can keep track of all of your assets, whether they have power or not, and eliminate the possibility of mistakes and lost data.

• It's a deterrent to stealing and aids in holding the site accountable.

• All of your assets, even the smaller ones that are more likely to go missing, may be tracked with QR codes and RFID readers.

Cost:

Contact their sales team to quote a price.

30. AgileAssets

The AgileAssets Software Platform is an all-in-one solution that provides a streamlined method of managing infrastructure assets like bridges, facilities, roads, fleets, telecom, ITS, traffic signals, and signs by utilizing cutting-edge technology and a wide variety of modules.

Key Features:

• This means that you can trust the product throughout its entire life cycle, from initial planning and budgeting to asset acquisition, maintenance, regulatory compliance, eventual replacement, and eventual disposal.

• It's browser-based and has a responsive design, so it works with all mobile platforms. In addition.

• It's a streamlined system that may help you with a wide range of maintenance tasks, such as planning, budgeting, labor, scheduling, inventory, and inspections.

Cost:

Contact their sales team to quote a price.

31. BNA Fixed Assets Solutions

As a fixed asset, leased asset, and depreciation management system, BNA Fixed Assets Solutions is a great tool that accurately monitors your company's major expenditures. It improves your decision-making processes, and maximizing tax savings are all possible with this service.

Key Features:

• Using the built-in Bloomberg Tax knowledge, GAAP accounting principles, and up-to-date tax code, you can save time and keep costs down through automation.

• If you'd want to maximize and tend to every facet of your fixed asset management business, it also offers a suite of additional modules.

• In a central location, where you have full command over audit trails, login reports, and note recording, all of your fixed asset data is standardized and made available to all relevant parties.

Cost:

Contact their sales team to quote a price.

32. WiseTrack

WiseTrack is a wonderful choice if you need a comprehensive asset-tracking system for your law enforcement or police department's gear. However, it's not only for the police; businesses, schools, and even governments may benefit from it as well.

Key Features:

• The tool can be used on its own, as it is a COTS (Commercial Off The Shelf) product.

• Because it is based on Microsoft's SQL Server Database, it has a user interface with the Windows desktop, making it simple to pick up and use.

• To use it, users connect to your service online or download the app.

• Any smartphone will work with the system, allowing you to do asset management tasks wherever you happen to be.

• Assets, contracts, vendors, users, and locations are all managed through the system.

Cost:

Contact their sales team to quote a price.

33. GoCodes

GoCodes is a GPS-enabled asset monitoring solution designed for small and medium-sized teams. It is designed specifically for use in schools as an asset and tracking inventory system, and it does not require any supplementary hardware or software.

Key Features:

• There are a lot of different fields where this product can be put to use.

• Each item is assigned a digital ID or serial number that is unique around the globe, ensuring that it can be tracked at any time.

• This ensures that all assets, no matter how numerous, can be properly identified and located.

• Scanning the QR code label allows you to manage and track assets from anywhere, as well as add photographs and online connections.

Cost:

Standard costs $500, Premium costs $1000, Premium Elite costs $1000, and Profesional costs $2500 annually.

Things to keep in mind while choosing Fixed Asset Management Tools

Think about the future goals

Think about the future of your business beyond the next fiscal quarter, including any expansion, contraction, or other changes that may occur. No matter how quickly technology advances, the needs you have now may be met by the correct fixed asset tracking software.

Budget

When deciding on a fixed asset tracking system, it is important to consider costs like those of any other area of your business. Keep in account the potential role of long-term upkeep, data storage, and transfer costs when estimating your budget.

Fixed Asset Inventory

Before launching a fixed asset software system, an audit should be conducted to determine what assets will be tracked. This will involve labeling and scanning. How you manage your company's fixed assets will vary from that of your competitors based on the path your industry takes and your company's position within it.

Conclusion

In this article, we discussed the different Fixed Asset Management Tools. Hope this has given you a clear idea and how you can choose your desired Fixed Asset Management Tool.

FAQs

What is fixed asset management?

A fixed asset management system is software that streamlines the process of keeping tabs on assets from the time they are first acquired until they are finally disposed of. It helps organizations adopt a systematized approach to managing their fixed assets. Vehicles, computers, furniture, and tools are all examples of movable assets. Such software aids to extend the life of an asset and reducing the costs associated with things like stockouts and broken machinery. By keeping their current equipment in good working order and avoiding unnecessary upgrades, businesses may boost productivity and profitability with the help of asset management software.

Why do companies need fixed asset management?

Businesses need to invest in a lot of expensive fixed assets such as servers, delivery vehicles, and elevators. This makes up a sizable amount of a business's total assets. The greater the quality and efficiency of an organization's asset management, the higher the probability that it will extract maximum value from its investments. If done properly, fixed asset management can increase the value of a company's equipment, extend its service life, and reduce costs.

What are the benefits of using fixed asset management tools?

Fixed Asset Management (FAM) and similar asset-tracking solutions make it simpler to keep detailed records of all kinds of information. Users can either take steps to reduce the possibility of human error or keep track of occurrences of it for analysis afterward. With FAM, it's simple to keep track of all user-recorded actions, and the system's role-based permissions keep sensitive data in the hands of those who should have it. Asset depreciation is just one example of an asset characteristic that can be defined in order to estimate asset lifespans.

What are the features of using fixed asset management tools?

The following are some of the features of fixed asset management software:

• It can be difficult to keep track of and manage fixed assets, especially for large businesses or organizations with a lot of stock on hand. Therefore, it is highly encouraged to use fixed asset management solutions or software for the database where you could simply track the data with no risk of it becoming lost or forgotten. For this reason alone, having an asset management system in place is essential.

• Fixed asset management strengthens a company's financial position by enhancing its ability to manage its assets with little waste.

• Fixed asset management software makes it easy to see when assets were checked out and returned, as well as information about maintenance, depreciation, audits, and more.

• Insurance and tax costs can be reduced by using asset tracking software's built-in tools for cost estimation and regulatory compliance auditing.

What are the current trends in fixed asset tracking?

Tools for managing physical assets and web-based applications are constantly being developed because of the high demand they have. Organizations can save money by using these alternatives to upgrade their aging IT systems. Since they are hosted online, SaaS software can be accessed from anywhere. Customized software for tracking and managing physical assets in a certain sector real estate investors have unique needs, which may differ from those of a merchant. As a result, most fixed asset management systems on the market today are developed with a business's needs in mind.