Best asset management software of 2021

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The best asset management software makes it easy and simple to manage your hardware and software assets.

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This is especially important for modern businesses that often have to connect a range of software platforms and a wide range of IT hardware. Asset management software can allow you to better manage everything from the lifecycle to licensing, inventory and compliance.

Monitoring and managing these assets is of the utmost importance to ensure that you are complying with industry regulations and to help you make informed business decisions.


In the past, asset management was done manually with a pen and paper. This was time consuming and, in many cases, could go quite wrong. Fortunately, there are many asset management programs available today that are designed to streamline this entire process. In the rest of this article, we’ve outlined the best asset management software on the market.

  • We’ve also featured the best ITSM tools.

1. Fresh Service

Popular asset management tools

reasons to buy
+Versatile Asset Management Tools+Great selection of extra features+very competitive price
reason to escape
Too Confusing Extras for Some UsersIssues may arise with the APIsupport is not the best

Freshservice is one of the most popular asset management tools in the world, and it made the number one spot on our list for several reasons. For starters, it is extremely easy to set up and use. This is a great option for those who do not have a lot of time for asset management.

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Plus, Freshservice comes with additional features that help you streamline everyday workflows. Its asset management tools support tracking, in-depth reporting and lifecycle management. And, it comes with comprehensive inventory management tools to help you monitor stock levels and stay up to date.

In addition, FreshService comes with tools for event management management, software license management, and project management, and more. With a business development plan that includes asset management, it provides very competitively priced solutions for businesses of all sizes.

2. Service Now ITSM

A powerful IT asset management program

reasons to buy
+Supports event tracking and management+Includes powerful analysis tools+Allows you to generate custom reports as needed
reason to escape
User interface is outdated and confusingprices are too highCan be quite difficult to set up

ServiceNow ITSM is a powerful IT asset management program designed for medium to large businesses. It comes with an impressive array of features to support its standard asset management tools, and it has become a worldwide favorite.

With ServiceNow ITSM’s asset management tools, you can track and monitor your entire IT system at all times. If the machine or equipment breaks down or stops performing, you will be notified, allowing you to get things back up and running as soon as possible.

On top of this, ServiceNow ITSM monitors the performance of your IT systems by using the collected information to put together detailed reports. This will help streamline your business’s IT operations by allowing you to troubleshoot and resolve problems faster and efficiently.

Prices for ServiceNow ITSM are not openly advertised, but online reports suggest they start at around $10,000 per year, making it one of the more expensive options available.

3. Upkeep

Manage everything from IT assets to storing inventory

reasons to buy
+extremely versatile+Backed by a great help center +Includes a range of additional features
reason to escape
User permission settings are limitedLack of integration with third-party programsCannot be deployed on campus

UpKeep Asset Management is a powerful program designed to help you monitor your IT systems to ensure that you stay online at all times. It allows you to control everything from IT assets to inventory and even how to store digital assets. And, you can create detailed reports that contain everything you and your IT teams need to know to take care of your systems.

One of our favorite things about UpKeep is its versatility. It can be used on almost any device or operating system including your smartphone or tablet. And, this training is backed by a vast array of resources and a responsive support team.

UpKeep is one of the cheapest options available. Ultimately, it is a great option for small to medium-sized businesses that want to monitor and take care of their assets.

4. Spiceworks IT Asset Management

A free program to manage your business assets

reasons to buy
+100% FREE, FOREVER +Powerful Inventory Tracking Tools+Various Deployment Options+very easy to use
reason to escape
Some advanced equipment is lackingUser interface could be designed betterSupport services are limited

Those with a low budget will love Spiceworks IT Asset Management, a free program that allows you to take care of your business assets. It supports monitoring of all physical and digital assets, as well as inventory management and software licensing.

Additionally, Spiceworks supports a range of integrations with third-party programs, and it comes with a built-in help desk. It’s also super easy to get started with, has powerful reporting tools, and can be deployed on-premises or via the cloud. And did we mention it’s free?

5. Gocodes

Manage physical and digital assets

reasons to buy
+Extremely Versatile Asset Management System+Tailored solutions for various industries+Patented QR Code Tracking System+relatively economical
reason to escape
can be slow and sluggish at timesSome reporting features are complicatedLimited asset tracking with affordable plans

GoCodes is a bit different from the other asset management programs on this list as it enables you to monitor a wide range of physical and digital assets. There are four different versions of the program available. These tools and equipment are designed for tracking, school asset management, medical equipment tracking and office IT asset management.

This versatility has led to the adoption of GoCodes by a large number of enterprise-level businesses across multiple industries. Physical assets can be tracked through the company’s patented QR code system, and all solutions can be customized to your exact needs. There is a selection of plans with annual or monthly fees, so this is a great option for businesses of all sizes.

  • We have also featured the best CMMS.

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