Complete visibility into asset performance and lifecycle is essential for reducing downtime, controlling costs and maximizing ROI in a fast-moving, data-driven environment. Organizations across industries increasingly demand cloud-based, mobile-friendly and scalable platforms that support real-time updates and integrations with other enterprise systems.
We compare the top asset management software solutions to help businesses track, maintain, and optimize their physical assets, from machinery and vehicles to IT equipment and infrastructure.
In this article, we looked into 5 top asset management platforms, including:
Good for global infrastructure and heavy industries
Good for mobile asset tracking
Why Trust Our Reviews?
Our team evaluated 20 leading solutions across the market, narrowing the field to 10 deep-dive reviews. From that shortlist, we selected the top 5 performers featured in this guide.
With several CMMS options available, selecting the right one depends on factors such as business size, industry and specific maintenance needs. The table below offers a side-by-side comparison of key features, pricing models and best use cases to help guide your decision. Or you can skip to detailed reviews.
Company
Standout Features
Best For
Rating
Accruent
Maintenance management
Asset lifecycle control
"Single source of truth" document management
IoT-enabled monitoring, Advanced reporting
Small, mid-sized and large organization
Multi-site
Regulated industries
4.6/5 star rating
Eptura Asset
BIM viewer integration
Vendor & inventory management
Downtime tracking
Mid-sized businesses
3.9/5 star rating
IBM Maximo
Compliance & risk management
ERP & IoT integration, Maintenance analytics
Large businesses
4.2/5 star rating
Hexagon EAM
Energy optimization
Cost control tools, Risk management
Small to mid-sized businesses
3.5/5 star rating
IFS Ultimo
Seamless collaboration across departments
Business intelligence & configuration
Integration with innovative technologies
Manufacturing & service-focused operation
4.5/5 star rating
How We Evaluate the Best Asset Management Software
Selecting the right asset management solution goes beyond comparing features—it’s about ensuring performance, compliance, and long-term value. Here’s how we evaluate each platform:
Core Capabilities: We review essential functions like asset tracking, lifecycle management, preventive maintenance, and reporting.
Integration & Connectivity: The best solutions integrate seamlessly with ERP, IoT devices, and other enterprise systems for real-time data flow.
Ease of Use: We prioritize intuitive interfaces and mobile accessibility to keep teams productive anywhere.
Scalability & Reliability: Platforms must handle growing asset portfolios without compromising speed or uptime.
Security & Compliance: We check for robust security protocols and adherence to industry standards.
Customer Feedback & ROI: Our recommendations reflect real-world user experiences and focus on measurable value, such as reduced downtime and cost savings.
Best Asset Management Software of 2026
1. Accruent - Best All-in-One Asset Management Software Solution
Accruent offers a powerful suite of tools designed to streamline maintenance, improve compliance, and maximize asset performance—all in one platform. Each product offers targeted capabilities to address key operational needs, including maintenance management, engineering documentation, regulatory compliance, energy consumption tracking, and IoT monitoring.
Proven ROI: Customers report significant reductions in downtime, maintenance costs and compliance risks.
Flexible integration options: Accruent’s Enterprise Asset Management (EAM) + IoT software suite combines the strengths of Maintenance Connection, Meridian, RedEye, and Observe to deliver integrated asset management, document control and real-time performance insights.
Paperless operations: Digitize documentation, approvals and reporting to eliminate manual processes.
Implementation expertise: Backed by decades of experience and a dedicated team for onboarding, training and support.
Plans and Pricing
Accruent offers modular, scalable pricing tailored to each organization’s needs. Pricing depends on:
The number of users and assets
Required modules and integrations
Industry-specific compliance requirements
The level of support and implementation services.
Pros & Cons
Why it wins
What to keep in mind
Experienced implementation & support team
Inspection & procedure management
Unified built environment
Smart reports & KPI dashboard
Limited procurement management
Lack of predict analytics
One Suite: Managing Everything From Physical to Digital
Here’s a run-through of Accruent’s asset management modules, and how they work together to manage your assets from every angle:
Maintenance Connection - Best Multi-site CMMS Software
Accruent's Maintenance Connection is a robust computerized maintenance management system (CMMS) that helps organizations streamline maintenance operations, improve asset reliability and reduce downtime.
Key Features:
Automate preventive maintenance and predict potential issues before they happen.
Easily create, assign, and track work orders with real-time updates on any device.
Keep your inventory in check by monitoring parts and supplies to avoid delays.
Stay on top of asset performance and plan replacements with lifecycle tracking.
Simplify processes and cut down on manual work with automated workflows.
RedEye - Best Cloud EDMS
Accruent's RedEye is a cloud-based engineering document management solution (EDMS) that connects spatial and technical asset data, enabling better planning, collaboration and compliance.
Key Features:
Connect assets to location data for smarter insights with GIS integration.
Collaborate on technical documents instantly with real-time visualization tools.
Update asset information on the go with mobile access from the field.
Maintain compliance by tracking every change with detailed audit trails.
Access engineering data securely anytime through a scalable cloud platform.
Meridian - Best On-Prem EDMS
Accruent's Meridian is an engineering document management solution (EDMS) that centralizes and secures technical documentation, supporting compliance and collaboration across the asset lifecycle.
Key Features:
Manage engineering drawings, compliance records, and audits all in one place.
Keep as-built documentation accurate with CAD and BIM integration.
Track revisions and maintain document integrity with version control.
Protect sensitive data by controlling user access and permissions.
Work together seamlessly on shared documents with built-in collaboration tools.
TMS - Best Healthcare CMMS
Accruent's TMS is a purpose-built CMMS for healthcare facilities, helping manage medical equipment, ensure regulatory compliance and maintain operational readiness.
Key Features:
Manage medical equipment from purchase to disposal with full lifecycle control.
Automate compliance reporting and reduce risk with built-in tracking tools.
Keep critical equipment running smoothly with preventive maintenance scheduling.
Streamline task assignments and tracking with automated work orders.
Stay audit-ready by maintaining documentation for inspections and certifications.
What Users Say About Accruent
"Simple to use, our field team were able to use all aspects. Clean simple reporting. We also used the APIs to live-link jobs into our Job Managment System TeamPoint."
"I am able to view all pending, in progress and overdue work orders in one place. The gps tracking lets our customer know that we are on site and for how long, leaving no time discrepancy."
Eptura Asset is a modern, cloud-based asset management solution designed to help organizations maximize asset performance, reduce downtime and streamline maintenance operations. Built for flexibility, it supports a wide range of industries, including manufacturing, logistics and facilities management. Eptura enables teams to manage the full asset lifecycle-from acquisition and utilization to maintenance and retirement-while improving technician efficiency and cost control.
Key Features:
Asset utilization: Track usage and performance to optimize asset deployment.
Preventive maintenance: Schedule recurring maintenance to reduce breakdowns and extend asset life.
Work Order management: Create, assign and monitor maintenance tasks with real-time updates.
BIM viewer: Visualize asset data in 3D models for better planning and spatial awareness.
Vendor management and invoicing: Manage external service providers and streamline billing.
Inventory control and purchasing: Track parts, manage stock levels and automate purchase orders.
Downtime tracking: Monitor and report on asset downtime to identify trends and reduce disruptions.
Plans and Pricing
Eptura offers tiered pricing plans:
Advanced: Includes asset tracking, inspections, inventory and preventive maintenance.
Power: Adds downtime tracking, automated task management and advanced integrations. Pricing is customized based on organization size, features and deployment needs.
Pros & Cons
Why it wins
What to keep in mind
Intuitive interface and fast implementation
Strong asset visibility and lifecycle tracking
Scalable for multi-site operations
Limited offline functionality
BIM viewer and advanced features are only available in higher-tier plans
What Users Say About Eptura
"Overall my experience has been great. got me up to speed on everything i needed and keeps my preventive maintenance up to date."
IBM Maximo is a powerful enterprise asset management (EAM) platform designed for large organizations with complex infrastructure and integration needs. It offers deep functionality across asset tracking, maintenance analytics and system integrations, making it a preferred choice for businesses seeking a robust and scalable solution. Maximo supports both cloud-based and on-premise deployments, with flexible configuration options tailored to enterprise environments.
Key Features
Asset lifecycle management:Manage assets from acquisition to retirement with full visibility.
Maintenance workflow automation: Streamline work orders, approvals and scheduling.
Compliance and risk management:Track regulatory requirements and reduce safety risks.
System integrations: Connect with ERP, IT, IoT sensors and enterprise software.
Asset information management:Centralize asset data, history and documentation.
Maintenance analytics:Use AI to detect patterns, predict failures and optimize resources.
Plans and Pricing
Maximo offers three SaaS tiers:
Essentials: Entry-level EAM with mobility and inventory tools.
Standard: Full Maximo suite with predictive maintenance and integrations.
Premium: Custom configurations for complex enterprise needs.
Pros and Cons
Why it wins
What to keep in mind
AI-powered insights and automation
Deep integration ecosystem
Strong mobile and offline capabilities
High cost of ownership
Complex implementation for large enterprises
What Users Say About IBM
"IBM Maximo is a powerful software that is loved by us and our clients when they figure out the ease of use and how they're capable of managing their large base of assets with the extensive capabilities of Maximo."
Hexagon EAM is a strategic enterprise asset management platform designed to help organizations move from reactive to predictive maintenance. With over 30 years of innovation, it offers advanced tools for asset visibility, energy management and operational efficiency. Organizations in manufacturing, utilities and the public sector use Hexagon EAM as a cloud or on-premise solution to manage enterprise assets and operations.
Key Features
Asset maintenance management: Schedule and track maintenance tasks to reduce downtime.
Compliance and risk management: Ensure regulatory compliance and mitigate operational risks.
Preventive maintenance: Automate recurring maintenance to extend asset life.
Energy operation management: Monitor energy usage and optimize sustainability.
Cost optimization: Analyze asset costs and improve budgeting accuracy.
Asset visibility and analytics: Gain real-time insights into asset performance and health.
Plans and Pricing
Hexagon EAM offers cloud and on-premise deployment options, with pricing based on:
Number of users and modules
Deployment model
Industry-specific configurations
Pricing is customized and available upon request.
Pros and Cons
Why it wins
What to keep in mind
Strong analytics and IoT integration
Flexible deployment options
Learning curve for advanced features
Customization may require professional services
What Users Say About Hexagon
"During my overall experience with HxGN EAM software, I learned that it simply involves a bit of repetitive action on a daily basis and you will easily be able to navigate the system."
IFS is an EAM solution recognized for its rapid deployment, ease of use, and unparalleled time to value. It is designed to improve cross-team collaboration specifically between Maintenance, Operations, and Safety departments. The platform focuses on increasing equipment lifespan and uptime while ensuring a safe working environment through ease of adherence to laws and regulations.
Key Features:
Advanced business intelligence and configuration (including with Microsoft Power BI
Integrations with innovative technologies such as wearables and GIS software
Management of costs and equipment lifespan
Equipment uptime tracking
Fleet and Infrastructure Asset Management modules
Plans and Pricing:
IFS Ultimo offers price on request with three tiers:
Professional: Starting at 5 users
Premium: Starting at 10 users
Enterprise: Starting at 50 users
Pros & Cons
Why it wins
What to keep in mind
Rapid deployment
Cross-team collaboration
Good user experience
Below-average inspection capabilities
Lack of customer reference in NA
Limited service and support
What Users Say About IFS
"IFS Ultimo is not just an asset management software package; it is a comprehensive solution that empowers businesses to optimize their asset management practices, reduce costs, and enhance operational efficiency."
1. Reduced equipment downtime and operational costs
Businesses automate preventive maintenance and track asset health to avoid unexpected breakdowns and reduce costly emergency repairs. This proactive approach ensures smoother operations and lowers maintenance expenses over time.
2. Improved asset visibility and utilization
Teams use centralized data and real-time tracking to gain complete visibility into asset location, condition and usage. These insights help eliminate redundancies, optimize resource allocation and ensure assets operate at their full potential.
3. Accurate forecasting for maintenance and replacements
Teams use historical data and performance analytics to forecast maintenance schedules and plan asset replacements more accurately. These insights support long-term budgeting and help reduce the risk of operational disruptions.
4. Streamlined compliance and audit reporting
Digital logs and automated reporting simplify compliance with industry regulations and internal audits. Organizations can easily access inspection records, maintenance history and safety documentation when needed.
5. Better cross-team collaboration with centralized data
Asset management software breaks down silos by providing a single source of truth for all asset-related information. Maintenance teams, finance departments, engineers and operations managers can collaborate more effectively using shared data and insights.
How to Choose the Right Asset Management Software
Selecting the best asset management software depends on your organization’s unique needs, goals and infrastructure. Here are key factors to consider during your evaluation:
Type and number of assets to manage: Consider the complexity and volume of assets, whether you're tracking IT equipment, machinery, vehicles or facilities. Some platforms are better suited for high-volume, multi-site environments.
Company size and growth potential: Choose a solution that scales with your business. Small teams may benefit from lightweight tools, while growing enterprises need robust, configurable platforms.
Budget and total cost of ownership: Look beyond monthly fees, factor in implementation costs, training, support and potential add-ons to understand the full investment.
Cloud vs. on-premise deployment: Cloud-based systems offer flexibility and remote access, while on-premise solutions may provide more control and customization for regulated industries.
Integration needs: Ensure the software integrates with your existing ERP, finance and maintenance systems to streamline workflows and data sharing.
User experience and ease of adoption: A clean interface and strong onboarding resources reduce adoption barriers and improve long-term usage.
Vendor reputation and customer reviews: Research vendor reviews, case studies and support offerings.
Strong customer support: A responsive and knowledgeable support team can make a significant difference in your success.
Ready to Choose the Best Asset Management Software?
The right asset management software does more than track work orders. It keeps operations running, reduces downtime and helps businesses scale efficiently. Every organization has different needs, making features, pricing and scalability critical factors in the decision-making process. A system that fits today should also support long-term growth.
Accruent offers a robust, flexible EAM solution for businesses that demand reliability and efficiency and want to stay ahead. Explore the possibilities and see how Accruent can transform asset management.Book a demo today!
FAQs
What is asset management software?
Asset management software is a centralized platform that helps organizations monitor, track, and manage physical and digital assets throughout their entire lifecycle—from acquisition to disposal. It provides real-time visibility into asset location, condition, and performance, ensuring that resources are used efficiently and maintained properly.
Modern asset management systems go beyond simple tracking. They integrate with IoT sensors, ERP systems, and predictive analytics tools to automate maintenance schedules, reduce downtime, and support data-driven decision-making. This makes them essential for industries where compliance, cost control, and operational efficiency are critical.
What is asset management software used for?
Organizations use asset management software to track, maintain and optimize physical assets throughout their lifecycle. These tools help reduce downtime, improve asset utilization and ensure compliance with maintenance and safety standards.
How are asset management software or EAM different from CMMS?
While CMMS (Computerized Maintenance Management Systems) focuses primarily on maintenance tasks, EAM (Enterprise Asset Management) covers broader enterprise-level asset strategies. Asset management software often sits between the two, offering scalable solutions for tracking, maintaining and analyzing assets across various industries.
Can asset management software be customized to a specific business’s needs?
Yes, many platforms offer customizable workflows, user roles and integrations to fit industry-specific requirements. Whether you're in manufacturing, healthcare, or education, asset management software can be tailored to support your operational goals and compliance needs.
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August 26, 2025
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