Asset management is an organizational approach to managing the lifecycle of assets. This includes anticipating costs, planning for maintenance and upgrades, minimizing the total cost of ownership at the asset level, and simplifying manual data entry.
An organization can benefit significantly from a good asset management strategy in terms of performance and service. Operationally, it can also simplify the life of a facility manager.
What is fixed asset management?
Fixed asset management tracks and maintains an organization’s physical assets and equipment.
Examples of fixed assets include vehicles, computers, furniture, and machinery.
Using an asset management system, a business can: track and monitor its fixed assets, oversee equipment in multiple locations, lower maintenance costs, improve operational efficiency, and maintain a record of retired, sold, stolen, or lost assets.
Fixed asset management enables businesses to monitor their inventory, assess its condition and keep it in good working order to minimize lost inventory and equipment failures while improving an asset’s lifetime value.
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What is fixed asset management software?
Fixed asset management software helps you track fixed assets by centralizing information about your equipment and property.
This type of product is in line with enterprise asset management (EAM) software, which keeps a company's inventory of tangible assets in one centralized location.
These products make it easier for accounting divisions to confirm what the company owns and which employees use the assets. In addition, some companies may allow workers to take assets off-site, so tracking the return of such help is very important. Fixed asset management software benefits accounting departments, inventory management teams, and warehouse managers in charge of heavy machinery.
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Top 15 best fixed asset management software in 2022
Here’s the 15 best fixed asset management software in 2022:
- Facilio
- AssetTiger
- GoCodes
- Cheqroom
- Rentman
- MaintiMizer
- IT Glue
- TRACTIAN
- MEX Maintenance
- Drakewell
- Asset4000
- TrackAbout
- SISMETRO
- eBASE
- Tenna
1. Facilio
Facilio’s fixed asset management software has core functionalities that help you ace your asset management business needs.
It is a cloud-based platform that helps you oversee asset data, asset depreciation, and complete asset information in a single place. Various industries, such as healthcare, commercial portfolios, retail, and more, use the best fixed asset management software from Facilio.
With Facilio, you can stop using Excel spreadsheets and work with real-time actionable data for better decision-making. In addition, Facilio helps you stay on top of all your older assets (for example, old IT assets) through depreciation calculations to ensure they get replaced and renewed on time.
You can also automate asset lifecycle management by getting a 360-degree view of their lifecycles.
Apart from this, you also get the following:
- Asset tags
- Asset tracking system
- Asset document management
- Asset uptime and downtime
- Asset records
- Work order management
- Notifications
- Workflows
- Web-based application
- Mobile app (iOS and Android)
Facilio provides the option to choose an on-premise or a cloud-based SaaS solution. Couple that with ease of use and custom pricing, and Facilio is the best fixed asset management software for your business.
Don't take our word for it.
Learn more about what Facilio's fixed asset management software can do for your business.
2. AssetTiger
AssetTiger is a free program that allows you to manage your company's fixed assets. The solution lets you view all assets on an easy-to-understand platform. In addition, you can access the solution from a computer, smartphone, or tablet, so you don't need to purchase extra equipment.
3. GoCodes
GoCodes offers fixed asset management software that helps you keep track of your fixed assets. GoCodes’ mobile app lets you check in/out equipment in seconds. In addition, GoCodes can help you manage warranty and service records, calculate depreciation using the most common IRS schedules, and more. Their cloud-based single-vendor solution includes custom poly tags.
4. Cheqroom
CHEQROOM helps organizations track, analyze, and improve equipment management. By making it easier to get the right gear into the right hands, the software allows teams and individuals to hit their goals on time.
5. Rentman
Keep track of your equipment easily with Rentman. Their flexible system arranges your assets by location, person, or team. You can also tag items with scanners on a mobile device and keep everything organized with bundles and accessory management.
6. MaintiMizer
With MaintiMizer's fixed asset management software, you can keep track of previous work orders, set up preventative and predictive maintenance schedules for every asset, maintain a digital manual of each specific support, and much more. With a user-friendly interface to monitor every aspect of your department coupled with custom configuration, MaintiMizer keeps your fixed assets running effectively and efficiently.
7. IT Glue
IT Glue is an IT documentation software for IT professionals. Centralize and standardize your documentation with relationship mapping, secure password management, and an automated and structured framework to organize all your information. With confidence in the security of your information, you can easily track any asset for peace of mind.
8. TRACTIAN
TRACTIAN is a solution that monitors your machines, automates your asset management, and provides insights on machine conditions, helping you prevent unplanned downtime and protect critical assets. You can also create an effective maintenance plan, automate work orders, and concentrate communication by calculating KPIs.
9. MEX Maintenance
MEX is a powerful Fixed Asset Management platform that helps track, measure, and optimizes your asset performance. Their desktop & mobile solutions give you a clear & comprehensive overview of all your assets from anywhere, even offline. With a foolproof Asset Register and easy-to-use tools like Work Orders, Readings, and Preventive Maintenance, you can raise work orders, enter readings and assign preventative maintenance to your assets through just a few clicks. Plan for productivity and know which help needs care, when, and what specific job is required.
10. Drakewell
Drakewell is an oil and gas asset inventory management software streamlining the process for field service and rental tool companies. Designed for oilfield service companies, Drakewell is tailored explicitly to directional drilling, MWD, motor, and rental tool companies. It's best suited for medium to large-sized companies.
11. Asset4000
Asset4000 is a fixed asset accounting and tracking software provider, enabling organizations to meet SOX and GAAP guidelines and tax regulations. As a powerful fixed asset register, Asset4000 tracks and records all changes that occur during an asset's lifetime and manages depreciation. The Asset Tracking module is available for physical audits using barcodes or NFC tags with an integrated mobile app.
12. TrackAbout
TrackAbout is the leading provider of tracking software for returnable containers, helping businesses maximize returnable container utilization, use data as a competitive advantage and drive more intelligent business growth through intuitive tracking software and expertise. Their integrated solutions offer complete lifecycle transparency and meaningful process improvement, protecting business investments while powering digital transformation.
13. SISMETRO
SISMETRO offers a maintenance management solution that helps businesses in the aviation, textile, and food industries monitor their services, track their locations and equipment, and manage their operations.
14. eBASE
eBASE provides a robust, easy-to-use facility management software suite that allows customers to track complete Work Order life cycles, streamline Facility Rentals, record Logs & Inspections, and maximize Assets. eBASE works closely with customers to ensure its solutions constantly evolve to reflect its users' unique needs.
15. Tenna
Tenna is a construction technology platform that revolutionizes equipment fleet operations. It lets you manage your mixed fleet in one place, from heavy equipment to midsized assets and fleet vehicles down to small tools and inventory. Tenna allows you to see where your equipment is spread across your operations, know and control your equipment utilization, and improve coordination, logistics, and maintenance.
