Asset Tracking Software

An asset tracking system offers ways for users to digitally track the location of assets that have been physically tagged. It also stores asset information and inventory data, and can alert managers when spare parts stock is low. Using software to track these assets can help:

  • • Ensure scheduled maintenance is completed on time.
  • • Set up alerts and notifications so that the appropriate personnel are automatically assigned to tasks when new work orders are created.
  • • Track the life cycle of assets. Information about equipment condition, age and more is entered and stored in the system.
  • • Run reports and calculate depreciation of machinery.

Compare All Asset Tracking Software

Filters

Apply Filters:

X

Your Industry

Your Company Size

Price

Sort by

Recommendations: Sorts listings by the number of recommendations our advisors have made over the past 30 days. Our advisors assess buyers’ needs for free and only recommend products that meet buyers’ needs. Vendors pay Software Advice for these referrals.
Reviews: Sorts listings by the number of user reviews we have published, greatest to least.
Sponsored: Sorts listings by software vendors running active bidding campaigns, from the highest to lowest bid. Vendors who have paid for placement have a ‘Visit Website’ button, whereas unpaid vendors have a ‘Learn More’ button.
Avg Rating: Sorts listings by overall star rating based on user reviews, highest to lowest.
A to Z: Sorts listings by product name from A to Z.
Showing 1 - 20 of 126 products
Filters
Showing 1 - 20 of 126 products

MaintainX

MaintainX is a web-based CMMS tool that can be used on mobile devices. It aims to improve workflow completion and strengthen team communication. It can be used by operational teams in small to large businesses. This solution allow...Read more

4.75 (245 reviews)

81 recommendations

Limble CMMS

A simple to use, mobile first maintenance software solution that even your boss can use it. Our average customer reduces downtime by 32%, increases productivity by 26%, reduces part spend by 23% and increases asset life by 18%. ...Read more

4.84 (122 reviews)

66 recommendations

eMaint CMMS

Utilizing their 25+ years in the facilities management industry, eMaint Enterprises created eMaint X3, an affordable, flexible web-based CMMS solution that can be configured for a variety of industries of all sizes....Read more

4.41 (237 reviews)

64 recommendations

Asset Essentials

Asset EssentialsTM is a next-generation work and asset management platform for smarter, more efficient maintenance and operations. Over 12,000 operations leaders utilize this system to manage more than 49 million assets and 386 mi...Read more

4.32 (160 reviews)

49 recommendations

FMX

FMX is an extremely user-friendly, calendar-based facilities solution that was designed to help facilities managers gain control of their resources, leading to a more efficient staff and management process. ...Read more

4.70 (358 reviews)

29 recommendations

UpKeep

UpKeep's CMMS is a modern maintenance and asset management solution for your team. From your desktop to your phone and even your tablet, UpKeep is easily accessible from anywhere at any time. Create work orders on-the-go, get noti...Read more

4.65 (1223 reviews)

19 recommendations

Hippo CMMS

Hippo CMMS is a powerful, easy-to-use cloud-based computerized maintenance management solution for a wide range of industries. The company started in 2004 and currently works with a growing base of more than 1,300 customers. Hippo...Read more

4.43 (299 reviews)

18 recommendations

Fiix

Fiix is a cloud-based computerized maintenance management system (CMMS) that helps businesses organize their maintenance departments, get on top of maintenance backlog, and work towards preventive maintenance. The CMMS helps ...Read more

4.42 (535 reviews)

6 recommendations

PriceDemo

TheWorxHub

TheWorxHub is a modular, web-based maintenance management system specifically geared towards senior living facilities. It offers asset management, work order management, inventory management, and more....Read more

4.68 (96 reviews)

2 recommendations

PriceDemo

Redlist

Redlist helps companies make maintenance management work easier and more productive. Redlist is a mobile-ready, cloud-based software-as-a-service (SaaS) platform accessible on computers and handheld devices. Redlist also includes...Read more

4.92 (13 reviews)

2 recommendations

Software pricing tips

Read our Asset Tracking Software Buyers Guide

Subscription models

  • Per employee/per month: This model allows you to pay a monthly fee for each of your employees.
  • Per user/per month: Users pay a monthly fee for users—normally administrative users—rather than all employees.

Perpetual license

  • This involves paying an upfront sum for the license to own the software and use it indefinitely.
  • This is the more traditional model and is most common with on-premise applications and with larger businesses.

Rated best value for money

EZOfficeInventory

EZOfficeInventory is a dynamic asset and maintenance management solution tailored for companies of all sizes. The cloud-based software works as you do and is accessible from anywhere and at any time. Track items across locati...Read more

4.61 (1157 reviews)

1 recommendations

MAPCON

MAPCON is a maintenance management solution for manufacturing and facilities industries that offers standalone asset management, preventive maintenance, work order management and more. The solution provides mobile apps for iOS and...Read more

4.18 (144 reviews)

1 recommendations

PriceDemo

Infor CloudSuite EAM

Infor EAM solutions provide an enterprise asset management solution for companies in a variety of industries including manufacturing, healthcare, distribution, government entities, energy and service organizations. The solution he...Read more

3.43 (21 reviews)

1 recommendations

KloudGin

Scheduling and dispatch is one of the most important parts of any field service business. Getting the right people, with the right parts to the right place in a fully optimized route is challenging. All the while, maintaining the ...Read more

No reviews yet

1 recommendations

PriceDemo

Asset Panda

Asset Panda is a cloud-based platform for facility managers that offers a suite of applications including asset tracking and maintenance management. It is compatible with Windows, Mac, iPad, iPhone and can be used from anywhere wh...Read more

Freshservice

Freshservice is a powerful IT Service Management solution from Freshdesk. This cloud-based system frees IT departments from clunky, server-based solutions, offering on-the-go mobility, powerful features, and flexible pricing....Read more

PriceDemo

eSPACE

eSPACE is a cloud-based facilities and maintenance management suite. It caters to churches, Houses of Worship and private schools. eSPACE's SaaS based solution has a suite of offerings that include event/facility scheduling and re...Read more

ArcGIS

ArcGIS is a mapping and analytics solution that helps businesses in healthcare, banking, manufacturing and other industries manage field operations, data collection, visualization, workflow configuration and more. Field workers ca...Read more

JIRA Service Management

Formerly known as Jira Service Desk, Jira Service Management is an IT service management solution that unlocks high-velocity teams. IT is in the midst of rapid transformation to build capabilities that enable quick delivery ...Read more

Quickbase

Quickvase is a low-code application development platform that enables organizations to unite information, people, and workflows within distribution in a single, cloud-based platform. Unlike traditional software solutions, Quickvas...Read more

Popular Asset Tracking Software Comparisons

Buyers Guide

Last Updated: January 20, 2022

Asset tracking software helps users manage the location of, and work performed on, each piece of equipment or machinery throughout an organization. These systems share many capabilities with maintenance software and facilities management systems. However, asset tracking software often includes barcoding or radio-frequency identification (RFID) tags to quickly retrieve data about the machine.

This guide will outline the common capabilities of an asset tracking system, as well as factors buyers should consider when purchasing one. We’ll cover:

What Is Asset Tracking Software?
Common Functionality of Asset Tracking Systems
What Type of Buyer Are You?

What Is Asset Tracking Software?

Keeping tabs on machinery, tools and other assets is critical in ensuring a company’s operations are uninterrupted. After all, asset failure and machine downtime can wreak havoc on a business’s bottom line.

An asset tracking system offers ways for users to digitally track the location of assets that have been physically tagged. It also stores asset information and inventory data, and can alert managers when spare parts stock is low.


Equipment data, including ID number, description and location, in ManagerPlus

Using software to track these assets can help:

  • Ensure scheduled maintenance is completed on time
  • Set up alerts and notifications so that the appropriate personnel are automatically assigned to tasks when new work orders are created
  • Track the life cycle of assets. Information about equipment condition, age and more is entered and stored in the system
  • Run reports and calculate depreciation of machinery

Common Functionality of Asset Tracking Systems

Most asset tracking systems include some or all of the following capabilities:

Work order management The primary reason maintenance professionals need to track assets throughout an organization is to ensure assets are at peak condition and performing the task to which they’re assigned. Therefore, many asset tracking systems also include some kind of work order management functionality, allowing users to create and review work orders and assign them to technicians.
Barcoding or RFID tagging A useful functionality found in asset tracking software is barcoding, QR coding or RFID tagging. Users can create a barcode or QR code system by printing labels and attaching them to machinery. When technicians arrive at the asset to perform work, they can scan the barcode with a hand-held reader or capable smartphone to retrieve important information about that machine. This can save time traveling between the job site and the office computer, while increasing the accuracy of data workers use to perform their duties. 
Depreciation Asset tracking software can also assist companies with calculating depreciation for each piece of equipment. Users simply enter information about an asset, such as date of purchase, acquisition value and estimated service life, then choose from several depreciation methods (straight-line, MACRS, double-declining balance etc.) to have values calculated automatically.
Equipment rental Some companies have assets that can be checked out by employees outside the maintenance department. These rentals should be documented so that equipment can be restored if lost or damaged; Or, if there is a repair to be performed, a technician can see where it is and who is in possession of the asset. Asset tracking software allows users to check equipment in and out: they can assign an employee to a piece of equipment, log the check-out and check-in dates and even store a signature for the renter.
Mobile applications The ability to use smartphones and tablets in the field increases efficiency for maintenance departments, giving technicians access to asset data wherever they’re located. Mobile capabilities are a major part of asset tracking. Users can download native applications for mobile devices and scan barcodes or QR codes to instantly view information about a piece of equipment. If the system offers inventory management capabilities, barcoding can also be used to update inventory quantities in real time: Simply scan a code and change the values for certain spare parts as they are consumed.


Setting up barcode formats in Maintenance Assistant

What Type of Buyer Are You?

Some specific asset tracking capabilities, such as barcoding, can be particularly useful for certain industries. Here are a few types of buyers that can benefit the most from these systems:

Managers from manufacturing, healthcare or other asset-intensive industries. Companies with many pieces of equipment and machinery need a reliable way to manage scheduled maintenance. Manufacturers must keep critical machines operational in order to produce goods. And hospital maintenance managers have to ensure equipment stays running for the safety of employees and patients.

Using a barcoding system to retrieve condition information and work-order status saves time that could otherwise be spent maintaining the most critical machinery.

Facilities managers. Professionals who manage building maintenance also need to track equipment inside the facilities, such as HVAC units and lighting, to ensure occupants are able to work. Asset tracking software can alert workers when assets require repairs so they can address the problems quickly.

Fleet maintenance managers. Rolling assets can be especially challenging to track and maintain. Businesses that rely on a fleet of vehicles need to know exactly where any given truck, bus or van is located so that maintenance can be scheduled accordingly. Using an asset tracking system, managers can organize maintenance based on the vehicle’s location. This allows them to maximize the time vehicles are on the road in the most cost-efficient way.