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Best Asset Management Software of 2025: Reviews & Comparison

Compare the best asset management software. Read reviews, explore features & pricing to find the right system for your business.

August 26, 2025

Complete visibility into asset performance and lifecycle is essential for reducing downtime, controlling costs and maximizing ROI in a fast-moving, data-driven environment. Asset management software helps businesses track, maintain and optimize their physical assets-from machinery and vehicles to IT equipment and infrastructure. 

Organizations across industries increasingly demand cloud-based, mobile-friendly and scalable platforms that support real-time updates and integrations with other enterprise systems. This article explores the best asset management software available today, featuring a comparison table, in-depth product reviews, feature breakdowns and a buyer’s guide to help you choose the right solution.

See software comparison table

Quick Summary:

  • Top asset management software provides comprehensive asset tracking, lifecycle management, and seamless integration with enterprise systems.
  • Accruent ranks #1 for its reliability and robust asset tracking capabilities, making it a standout choice for teams seeking long-term value and performance.

Not sure which solution fits your needs? Our experts can help you choose the right solution.

Talk to an Expert

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.

Asset Management Software Comparison Table

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.

Software Standout Features Best For Rating

Software Solutions for Your People, Places, and Assets

Accruent

Maintenance management, Asset lifecycle control, 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

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.

4 Best Asset Management Software

1. Accruent - Best in Class 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.

Why Choose Accruent for Asset Management?

  • Trusted by leading organizations: Used by global brands and institutions like The New York Times, L’Oréal, Alaska Airlines, and more.
  • 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.

Here’s a run-through of Accruent’s asset management software:

Accruent Solutions

Accruent Maintenance Connection - Multi-site CMMS Software

Image of Asset Management Software Maintenance Connection CMMS

Accruent 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.

Accruent RedEye - Cloud EDMS

Image of Accruent Redeye Cloud EDMS

Accruent 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.

Accruent Meridian - On-Prem EDMS

Image of Meridian On-Prem EDMS

Accruent 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.

Accruent TMS - Healthcare CMMS

Image of Accruent TMS Healthcare CMM

Accruent 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.

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.

"Great web service for project management and control. Easy to understand and meet all needs"

— Alan S. , Project Analyst, Capterra review

"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."

— Managing Director, Capterra review

"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."

— Katie W. , Account Manager, Capterra review

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2. Eptura Asset

Image of Eptura Asset

(source)

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 and Cons

Pros
  • Intuitive interface and fast implementation
  • Strong asset visibility and lifecycle tracking
  • Scalable for multi-site operations
Cons
  • Limited offline functionality
  • BIM viewer and advanced features are only available in higher-tier plans

"Overall my experience has been great. got me up to speed on everything i needed and keeps my preventive maintenance up to date." 

— Christopher K. , Mountain Manager, Capterra review

3. IBM Maximo

Image of IBM Maximo

(source)

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

Pros
  • AI-powered insights and automation
  • Deep integration ecosystem
  • Strong mobile and offline capabilities
Cons
  • High cost of ownership
  • Complex implementation for large enterprises

"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."

— Miley M. , Customer Experience Manager, Capterra review

4. Hexagon EAM (Formerly Infor EAM)

Image of Hexagon EAM

(source)

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

Pros
  • Strong analytics and IoT integration
  • Flexible deployment options
Cons
  • Learning curve for advanced features
  • Customization may require professional services

"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." 

— Clarice L. , Capterra review

5 Benefits of Using Asset Management Software

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 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