In the digital age, businesses are having to manage and track more assets than ever before. With mobile devices flooding the workplace, increasingly complex cloud technologies, licensed-based software, and more frequent updates, the management and tracking of IT assets has become much more complicated. Also, more frequent employee turnover raises data security issues.
The cost of underutilized, mismanaged, or misplaced assets can put a severe dent in a company’s bottom line. For example, according to Deloitte, companies can end up spending twice as much as they need to on their software assets because they don’t have an accurate picture of their software landscape.1
This is where asset management software comes in—to help businesses improve the visibility of their assets and effectively manage them to ensure their optimum utilization while reducing IT and software costs.
Asset management software (AMS) provides a holistic view of an asset’s lifecycle—from its procurement and implementation through its renewal and disposal. While a business could use a simple spreadsheet to track its assets, using AMS allows it to analyze data specific to each asset, enabling it to make more informed decisions about the management of its assets.
In this roundup, we reviewed 20 AMS programs, comparing such factors as price, configurability, special features, ease of implementation, remote capabilities, and user experience to arrive at the best in six different categories.
The 6 Best Asset Management Software of 2021
- Best Overall: ManageEngine AssetExplorer
- Best for Small to Medium Businesses: InvGate Assets
- Best for Custom Reporting: Ivanti IT Asset Management
- Best Value: Asset Panda
- Best for Mobile Applications: MMSoft Pulseway
- Best for Tracking Physical Assets: GoCodes
Best Overall: ManageEngine AssetExplorer
With its mature toolkit and abundance of advanced features, including top-notch reporting, unique relationship maps, and support for both physical and virtual assets, ManageEngine AssetExplorer is our choice as the best overall asset management software.
- Feature-rich toolset with mature technology
- Easy setup
- Reasonably priced
- Familiar Windows-style user interface
- No mobile application
- Not for small businesses with limited IT staff
ManageEngine AssetExplorer is a web-based solution packed full of tools and features to handle all aspects of asset management, including inventory management, software license administration, compliance review, and more. With its mature technology, ease of setup, and reasonable price, ManageEngine AssetExplorer is our choice as the best overall asset management software.
For businesses new to asset management, ManageEngine AssetExplorer’s feature-rich toolset may seem a bit overwhelming. However, if you start with its 30-day free trial, it can shorten the learning curve. The setup can appear incredibly daunting with the excessive number of tabs and drop-down menus. But ManageEngine AssetExplorer includes an excellent Quick Links feature to help you stay focused on the tasks you need to complete. It also helps that the interface has a Windows look and feel. Adding devices can also seem daunting due to the sheer number of choices. But the Windows Agent Configuration simplifies the process when using installed Windows Agents on new devices.
ManageEngine AssetExplorer’s mature technology shines through with its reporting capability. In addition to a few dozen pre-built reports, the system can export reports in multiple formats to include all past queries. You can also easily create completely customized reports. In addition to scheduling reports to run, they can be scheduled for email delivery to specific recipients.