A good Asset Management Software helps you track, manage, and optimize various types of IT assets, including license agreements, software contracts, databases, operational data, intellectual property documents, and more throughout their lifecycle. Properly managed assets empower your business to grow while increasing efficiency, mitigating potential risks, and achieving overall business goals.
In this blog post, we will explore the top 4 asset management tools that can help you automate the processes of asset tracking, inventory management, reporting, and analytics.
But how do you choose the best asset management utility for your business in 2024?
Since there are several options available in the market, choosing the right asset management can be a challenging task. To help you make an informed decision, consider these top five factors:
1. Meet Your Business Needs and Objectives
Look for software that offers a wide array of functionalities and capabilities such as asset tracking, asset lifecycle management, inventory monitoring, reporting, and analytics. Make sure you select a tool that integrates well with your CRM, ERP, accounting, or cloud platforms.
2. Handle The Growth & Complexity Of Your Assets
Go for an asset management software that can manage a wide variety and number of assets, such as hardware, software, licenses, contracts, and documents. It should be highly configurable so that it can meet the new regulations, standards & needs of the current market.
3. Protect Your Data & Assets From Unauthorized Access
Look for asset management software that offers robust security solutions, such as encryption, authentication, backup, and recovery. Additionally, it should comply with the latest laws and regulations, including GDPR, HIPAA, or PCI DSS.
4. Cost Effective & Ease of Use
Download an asset management tool that offers flexible pricing plans and offers a good return on investment. Moreover, the user-friendliness of the tool is another essential factor to consider. It should be easy to install, operate, and provide responsive customer support.
The Best Asset Management Software in 2024
After meticulously researching the market, we’ve listed out four solutions that are best suited for your business needs:
Freshservice is a leading IT asset management platform, suitable for managing IT assets such as hardware and software and fixed assets like vehicles and machines. The program makes it easy for users to track all of your software, SaaS, computers, and devices, and keep them maintained without putting in much effort. One of the best features of Freshservice is automated reminders that enable maintenance schedules to keep your assets up-to-date and improve asset life cycles.
Supported Integrations: Freshservice can be easily clubbed with Dropbox, Jira, Zapier, Zoom, MS Teams, CloudWatch, etc.
Pricing: Starting from $19 per month
2. Asset Panda
Asset Panda is another valuable IT management software that empowers businesses to efficiently track, organize, and optimize IT assets, fixed assets, and more. The platform offers a robust advanced inventory management module, making it an ideal choice for organizations with thousands of SKUs. One of the best features of Asset Panda is their maintenance tracking and lease equipment tracking capabilities. It can be highly customized, catering to the needs of industries like healthcare, education, construction, and government agencies.
Supported Integrations: Asset Panda can easily collaborate with Azure Active Directory, OneLogin, ZenDesk, Google Workspace, and more.
Pricing: Get a quote from the company as per your needs
3. ManageEngine AssetExplorer
ManageEngine AssetExplorer is another popular web-based asset management software that helps businesses track, monitor, and organize IT and non-IT assets. It comes with a highly customizable and comprehensive interface, packed with practical modules like CMDB, software license management, and a discovery tool. ManageEngine AssetExplorer is also capable of providing detailed reports and analytics that can help you audit your asset inventory, lifecycle, and costs without any hassles.
Supported Integrations: ManageEngine AssetExplorer can be easily integrated with UEM products, Zoho CRM and Zoho Creator, FNT Command Platform, and more.
Pricing: Get personalized quotes as per your needs and preferences
Snipe-IT is one of the leading open-source IT asset management platforms worth considering in 2024. The program is suitable for all types of businesses and provides the ability to manage software, licenses, hardware, and more. Since it’s open-source, it can be easily customized as per your needs and preferences. Additionally, Snipe-IT is capable of managing your IT inventory, license renewal, and expiry dates.
Supported Integrations: Integrate the app with LDAP and Active Directory.
Pricing: Starting from $39.99 per month
In the end, careful evaluation of several variables is necessary when choosing the finest asset management software for your company in 2024. It should be affordable and simple to use, handle the expansion and complexity of your assets, safeguard your data from unwanted access, and be in line with your company’s goals and demands.
If you know any other great ITEM for inventory management Software, do share your opinion with us in the comments section below!