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Asset Tracking Software

Asset tracking software provides real-time visibility into asset locations and usage, enabling efficient maintenance scheduling and preventing losses. It digitally records service histories and certifications for regulatory compliance. Automated maintenance management via the software increases uptime and productivity. Overall, it brings transparency to asset status and movements, improving operations.

The 11 Best Asset Tracking Software Options of 2023

  • Oracle Fusion Cloud ERP
  • tracefii
  • Metquay
  • Zuper
  • EZOfficeInventory
  • Asset Panda
  • UpKeep
  • Verizon Connect
  • Fishbowl
  • Fracttal
  • Fiix

List of Top Software for Asset Tracking with Reviews

Last Updated on: February 25, 2024

Oracle Fusion Cloud ERP Verified

Oracle Fusion Cloud ERP provides comprehensive asset tracking capabilities to help organizations manage assets efficiently. Its robust asset tracking module enables real-time visibility into asset location, status, and usage. Key features include barcode and RFID tracking, geospatial mapping, maintenance scheduling, warranty and cost tracking, and analytics. By leveraging Oracle Fusion Cloud ERP’s seamless integration, organizations can optimize asset utilization, ensure compliance, improve maintenance, and gain actionable insights into asset performance across facilities. The powerful asset tracking tools maximize asset value over the lifecycle.

Free/Paid

2006

  • Activity Tracking
  • Inventory Management
  • Check-in/Check-out
  • Disposal Management
  • Depreciation Mitigation
  • Lifecycle Management

tracefii

Tracefii offers an advanced cloud-based asset tracking solution to provide complete visibility and control over assets. It utilizes barcode, QR code and RFID technology to track assets in real-time across multiple locations. Key features include custom tagging, automated inventory audits, maintenance scheduling, utilization tracking, geospatial mapping, analytics and reporting. Tracefii integrates with existing systems to provide actionable data-driven insights. The easy-to-use software boosts asset traceability and accountability, leading to optimized utilization, compliance and maintenance for driving maximum asset value.

Free/Paid

2021

  • RFID Integration
  • Inventory Tracking
  • GPS Tracking
  • Equipment Tracking
  • Disposal Management
  • Audit Trail

Metquay

Metquay’s asset tracking software delivers real-time visibility and control over your assets. It leverages barcode, QR code, RFID and GPS technology to provide granular tracking across facilities. Key capabilities include custom tagging, utilization monitoring, maintenance scheduling, inventory management, geospatial mapping, compliance tracking, analytics and robust reporting. Seamlessly integrating with existing systems, Metquay generates actionable insights to optimize asset use, improve maintenance, ensure regulatory compliance and maximize ROI. With powerful features and intuitive interface, Metquay boosts asset traceability for driving operational efficiency.
Free/Paid

2015

  • Audit Trail
  • Barcode Scanning
  • Multi-site Support
  • Inventory Management
  • Equipment Tracking
  • Check-in/Check-out

Zuper Verified

Zuper offers an intuitive asset tracking solution to manage assets efficiently. It provides real-time visibility into asset location and status through barcode, QR code and RFID tracking. Key features include utilization monitoring, maintenance scheduling, warranty tracking, geospatial mapping, and robust analytics. By integrating with existing systems, Zuper generates actionable insights to optimize asset use, compliance, maintenance planning, and maximize ROI. Its easy-to-use platform boosts asset traceability across facilities.
Free/Paid

2015

  • Check-in/Check-out
  • Mobile Access
  • Disposal Management
  • Inventory Tracking
  • Location Tracking
  • IoT Integration

EZOfficeInventory

EZOfficeInventory is an intuitive asset tracking solution providing real-time visibility and control over assets. It leverages barcode, QR code and RFID technology to track assets across locations. Key features include custom tagging, utilization monitoring, maintenance scheduling, warranty tracking, compliance reporting, geospatial mapping, analytics and robust integrations. EZOfficeInventory generates actionable insights to optimize asset utilization, maintenance planning and ensure compliance. Its easy-to-use platform boosts asset traceability for maximizing asset value.

Free/Paid

2003

  • Asset Auditing
  • Reporting/Analytics
  • Equipment Tracking
  • Mobile App
  • Inventory Tracking
  • Depreciation Mitigation

Asset Panda Verified

Asset Panda offers a powerful cloud-based asset tracking solution to manage assets efficiently. It provides real-time visibility into asset data through barcode, QR code and RFID tracking. Key capabilities include custom tagging, utilization monitoring, maintenance scheduling, depreciation tracking, geospatial mapping, and data integrations. Asset Panda generates actionable insights to optimize asset use, plan maintenance, ensure compliance and maximize ROI. Its intuitive platform enhances asset traceability across facilities for improved efficiency and cost savings.
Free/Paid

2009

  • Depreciation Mitigation
  • Mobile Access
  • Barcode Scanning
  • Role-based Access
  • Inventory Management
  • Disposal Management

UpKeep

UpKeep delivers an intuitive asset tracking solution for real-time visibility and centralized control. It leverages barcode, QR code and RFID technology to track assets across locations. Key features include custom tagging, utilization monitoring, maintenance scheduling, warranty tracking, compliance reporting, powerful analytics and robust integrations. UpKeep provides actionable insights to optimize asset usage, maintenance planning and compliance. Its easy-to-use platform boosts asset traceability for maximizing utilization and ROI.
Free/Paid

2014

  • Mobile Maintenance
  • Vendor Management
  • Inventory Tracking
  • Facility Management
  • CMMS Integration
  • Equipment Tracking

Verizon Connect

Verizon Connect offers an advanced asset tracking solution providing real-time visibility and control over assets. It uses GPS tracking and sensors to locate assets across regions accurately. Key features include utilization monitoring, maintenance scheduling, fuel consumption tracking, geofencing, robust analytics and integrations. Verizon Connect gives actionable insights into asset usage, health and compliance status. Its intuitive platform enhances asset traceability and accountability for optimizing fleet operations, maintenance and maximizing ROI.
Free/Paid

2016

  • Equipment Tracking
  • User Management
  • GPS Fleet Tracking
  • Fuel Management
  • Reporting/Analytics
  • Inventory Management

Fishbowl

Fishbowl’s asset tracking software enables real-time visibility and control over assets. It leverages barcode scanning and RFID technology for granular tracking across locations. Key features include custom tagging, utilization monitoring, maintenance scheduling, depreciation tracking, warranty management, robust reporting and analytics. Fishbowl integrates with accounting solutions for actionable insights into optimizing asset usage, maintenance planning and maximizing ROI. Its easy-to-use mobile-enabled platform boosts asset traceability and accountability across facilities.
Free/Paid

2001

  • Inventory Management
  • Order Fulfillment
  • Mobile Access
  • QuickBooks Integration
  • Reporting Tools
  • Manufacturing Support

Fracttal

Fracttal offers an intelligent cloud-based asset tracking solution for real-time visibility and centralized control. It leverages barcode, QR code and RFID technology to track assets across locations accurately. Key capabilities include custom tagging, utilization monitoring, maintenance scheduling, depreciation tracking and powerful analytics. By integrating with existing systems, Fracttal provides actionable insights into optimizing asset usage, planning maintenance, ensuring compliance and maximizing ROI. Its intuitive platform enhances asset traceability for improved efficiency.
Free/Paid

2018

  • Inventory Tracking
  • User Management
  • Disposal Management
  • IoT Integration
  • Energy Management
  • Compliance Tracking

Fiix

Fiix delivers an easy-to-use asset tracking solution for real-time visibility into equipment status and location. It utilizes barcode, QR code and RFID technology to track assets across facilities. Key features include maintenance scheduling, work order management, utilization tracking, preventative maintenance planning, robust reporting and data integrations. Fiix provides actionable insights to optimize asset performance, usage and maintenance activities. Its intuitive platform boosts asset traceability and accountability for maximizing uptime and ROI.
Free/Paid

2008

  • Maintenance Planning
  • Inventory Management
  • Equipment Tracking
  • CMMS Integration
  • Asset History
  • Mobile Work Requests

What is Asset Tracking Software?

Asset tracking software lets companies digitally track physical assets, equipment, or tools. By using them, businesses can stay organized, improve inventory management processes, and save time and money. This software helps companies maintain equipment by streamlining maintenance tasks, optimizing procurement processes, and enhancing productivity.

Features of Asset Tracking System

  • Expense Tracking: Allows users to record and categorize expenses, providing clear visibility into spending.
  • Income Recording: Enables tracking of revenue streams from different clients, projects, or services.
  • Invoicing: Creates professional invoices that can be sent electronically to clients or customers.
  • Bank Reconciliation: Helps reconcile transactions with bank statements automatically.

Benefits of Asset Tracking System Software

  • Provides real-time insight into where money is being spent, helping to control costs and optimize budgets. Ensures expenses are coded accurately for financial reporting.
  • Gives clarity on incoming payments and revenues from various sources. Supports accurate invoicing and financial statements.
  • Streamlines billing process and cuts billing costs. Simplifies payments collection.
  • Ensures financial records are accurate and up-to-date. Flags discrepancies early.

Limitations of Asset Tracking Software

  • May have limited capabilities for custom expense categories or tags needed for some industries/businesses.
  • Could be inflexible for complex revenue recognition or custom billing requirements in certain fields.
  • Basic templates may not accommodate varying layout needs. Fewer payment gateway options than paid versions.
  • May have limitations for advanced reconciliation needs like multi-currency accounts.

Types of Asset Tracking Software

There are a variety of asset-tracking software solutions tailored for specific verticals and sized businesses:

Enterprise Asset Management (EAM) Systems

Robust EAM software is best suited for large enterprises managing thousands of high-value assets across global operations. EAM systems offer advanced features like predictive maintenance, condition monitoring, spare parts management, project costing etc. Popular EAM vendors include IBM Maximo, Infor EAM, SAP EAM.

Mid-Market Asset Management Systems

For mid-sized businesses with more modest asset portfolios, mid-market asset management software delivers necessary functionality at lower price points. Solutions like UpKeep and Asset Panda are scalable for growing businesses.

Basic Asset Tracking Applications

Simpler, cloud-based Asset Tracking Apps cater to SMBs and individual work teams. Apps like InventoryHub, AssetTiger and RFgen Software offer basic tracking without upfront licensing fees. They’re accessible via any modern web browser.

Specialized Trackers

Some players provide industry-specific solutions tailored to verticals like manufacturing, oil & gas, healthcare, utilities, etc. They offer unique functionality for maintenance-intensive equipment types. Examples include Zerion for life sciences and Znapz for fleet management.

Open-Source Platforms

Open-source software like OSTO and Snipe-IT are freely available with ongoing community developments. Self-hosting is required but there are no usage fees beyond infrastructure costs. They are customizable but come with limited vendor support.

Factors to Consider When Choosing a Solution

  • Evaluating key requirements will help identify the best asset tracking system:
  • Asset Types & Volumes – What kinds of assets? Numbers of unique items.
  • Deployment Type – Cloud, hybrid or on-premise? Mobile accessibility needs?
  • Budget – Upfront and ongoing costs. Licensing models.
  • Features – Maintenance, procurement, location tracking etc. Integration options.
  • Compliance – Industry and geographic regulations to support.
  • Scalability – Growth potential over 3-5 years.
  • Ease of Use – Complexity of system. Training effort. Customizability.
  • Reporting – Standard and ad-hoc analytics required.
  • Support – Available post-purchase technical assistance. Responsiveness.
Thoroughly vetting requirements against vendor offerings reveals the best functional and economic fit. Free trials are ideal for hands-on evaluation and confirming a shortlist.

Asset Tracking Software delivers a clear return through maximizing productivity and optimizing resource usage. Choosing the right solution tailored to specific business needs streamlines asset management processes and helps bottom lines. Regular software upgrades also ensure leveraging ongoing technological developments.

Frequently Asked Questions

Why should a company use Asset Tracking System?

Asset tracking provides visibility into where assets are located and their status. This improves asset utilization, reduces loss or theft, improves maintenance scheduling, and helps manage inventory levels more accurately. Overall, it leads to cost savings and operational efficiencies.

What types of assets can be tracked with this software?

All physical assets can be tracked as long as they can have a tag, barcode, or RFID tag attached. Common assets tracked include IT equipment, tools, fleet vehicles, manufacturing equipment, inventory, supplies, healthcare equipment, and more.

How does the tracking technology work?

Tracking technologies like RFID, WiFi, and Bluetooth sensors are used to identify and locate assets. Active RFID tags have their own power source, while passive tags use reader power. Readers pick up signals from tags to determine location and status.

How much does Asset Tracking Software cost?

Costs vary widely based on the number of assets tracked, types of tags and sensors required, infrastructure needs, and integration complexity. Many solutions follow a SaaS subscription model ranging from $2-$20 per asset per month. On-prem solutions have higher upfront costs.

How can companies ensure adoption across the organization?

Proper change management, training, and piloting help drive adoption. It’s also critical to demonstrate the benefits through metrics like utilization rates, loss reduction, and labor efficiency. Setting up automated alerts and processes based on insights from the data can boost utilization.