If you’ve landed on this blog post, there’s a good chance you’re searching for fixed Asset Management software for your organization. With so many options available on the market, the task can sometimes feel overwhelming. But don’t worry — we’ve written this post specifically to make things easier for you.
In the next few paragraphs, we’ll compare six different fixed Asset Management solutions. We’ll cover their features, benefits, pricing structures, and everything else you need to make an informed decision. Additionally, we’ll highlight the must-have features of any fixed Asset Management tool and discuss the advantages they bring to your department and, ultimately, to your business.
Ready? Let’s dive in!
ITAM software
4.4
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Top 6 best fixed Asset Management software for 2025
Let’s keep it simple—we know your time is valuable, and efficiency is key when tackling fixed Asset Management. If you’d like to skip the definition of fixed Asset Management, feel free to jump straight to the description of each tool. Without further ado, here are our top 6 fixed Asset Management software for 2025:
- Asset Panda.
- Asset Cloud by Wasp.
- Sage Fixed Assets.
- Fixed Assets CS.
- NetSuite Fixed Asset Management (FAM).
- InvGate Asset Management.
What is fixed Asset Management software?
Fixed assets are long-term tangible resources a company owns and uses in its operations. These assets typically include computer hardware, machinery and equipment, vehicles, furniture and fixtures, and land.
Fixed Asset Management software, also known as fixed asset tracking software, is a specialized tool designed to help organizations efficiently track, manage, and maintain their that kind of assets throughout their lifecycle.
The true value of this software lies in automation — it streamlines tasks like asset acquisition, depreciation, maintenance, and disposal, saving time and reducing manual effort.
Recommended reading
IT Asset Lifecycle Management: The 9 Stages to Manage Your IT Assets
Best Fixed Asset Management software for 2025
Now for the good part! The five tools we’ve selected offer unique capabilities to help you choose the one that best aligns with your business goals.
1. InvGate Asset Management
InvGate Asset Management: 5-Minute Demo
2. Asset Panda
Asset Panda is a cloud-based Asset Management and tracking platform. It offers customizable asset tracking solutions with a user-friendly interface, making it suitable for businesses of all sizes. The software is designed to provide real-time insights into Asset Management, covering the entire lifecycle of assets.
Asset Panda features
The software includes barcode scanning for efficient asset tracking, customizable fields to adapt to specific business needs, and remote access for on-the-go management. Asset Panda also features maintenance scheduling, repair tracking, and the ability to conduct asset inspections directly within the application. Its open API allows for integration with existing systems, enhancing its functionality.
Asset Panda reviews and testimonials
Gartner Peer Insights Score: 4.3
Asset Panda pricing
Asset Panda offers a subscription-based pricing model tailored to the number of assets you need to manage, providing flexibility for organizations of various sizes. Asset Panda doesn’t disclose specific pricing details publicly; you’ll need to request a quote directly from them.
3. AssetCloud by Wasp
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AssetCloud by Wasp is a comprehensive Asset Management solution designed to provide visibility and accountability for assets across businesses of all sizes. It is particularly well-suited for organizations aiming to maintain control over their asset inventory while ensuring efficient tracking and management.
AssetCloud by Wasp features
AssetCloud offers a range of features tailored to diverse business needs. The software includes equipment tracking to streamline the monitoring of physical assets, barcode scanning for precise asset identification, and Maintenance Management tools to ensure assets remain in optimal condition.
It also includes Funding Management to oversee financial allocations tied to asset acquisition and upkeep, as well as detailed accountability reports to provide insights into asset usage, condition, and lifecycle. Its user-friendly interface and flexible deployment options—cloud, on-premise, or hybrid—make it an accessible and versatile choice for organizations seeking to enhance their Asset Management processes.
AssetCloud by Wasp reviews and testimonials
Gartner Peer Insights Score: 4.4 out of 5
AssetCloud by Wasp pricing
AssetCloud by Wasp offers three pricing plans to suit different organizational needs:
- Basic, starting at £2,395 as a one-time fee for self-hosted use
- Complete, starting at £1,035 annually for one user with additional features like multi-site management and funding tracking; and
- Complete + RFID, starting at £6,392 annually, which includes advanced RFID tools for efficient asset auditing and tracking.
Wasp recommends contacting them for a customized quote to get the exact cost tailored to your requirements.
4. Sage Fixed Assets
Sage Fixed Assets is a dedicated fixed Asset Management solution designed to help organizations track, manage, and optimize the lifecycle of their fixed assets. It’s particularly well-suited for businesses seeking a comprehensive tool for handling asset tracking, depreciation, and compliance. Sage Fixed Assets is available as an on-premise or cloud-hosted solution, providing deployment flexibility based on organizational needs.
Sage Fixed Assets features
Sage Fixed Assets offers a wide array of features aimed at streamlining Asset Management processes. The software supports robust asset tracking with the ability to customize fields to match your business requirements, enabling detailed categorization and reporting. It excels in Depreciation Management, offering over 50 depreciation methods, including those that comply with U.S. tax rules and regulations.
The tool also supports project tracking, allowing businesses to monitor and manage fixed asset projects from start to finish. Sage Fixed Assets includes reporting tools that generate insightful data on asset location, utilization, and value. Additionally, it integrates seamlessly with popular accounting and ERP systems, such as Sage Intacct, Sage 100, Sage 300, and other financial software, ensuring a streamlined workflow.
Sage Fixed Assets reviews and testimonials
G2 score: 4.2 out of 5
Sage Fixed Assets pricing
Sage does not provide specific pricing information for Sage Fixed Assets on its website. While pricing for other Sage products is available, the cost for this particular tool requires requesting a custom quote.
5. Fixed Assets CS
Fixed Assets CS is a sophisticated fixed Asset Management system that caters to accountants and organizations of all sizes. Designed for efficiency and ease of use, this tool streamlines asset tracking, depreciation calculations, and compliance tasks.
Its integration with the CS Professional Suite enables seamless workflows, making it a valuable asset for businesses aiming to optimize their Fixed Asset Management processes. Fixed Assets CS is available as an on-premise solution.
Fixed Assets CS features
Fixed Assets CS offers a variety of features to simplify fixed Asset Management. It supports advanced depreciation calculations, including MACRS, ACRS, and Straight-Line methods, and offers up to 99 user-defined methods. The software provides tools to manage the entire lifecycle of assets, such as adding, disposing of, or transferring assets, while grouping and organizing them by custom categories, locations, or property types.
Additionally, dixed Assets CS includes robust reporting tools, allowing users to generate customizable reports such as asset lists, depreciation projections, and property details. The software integrates with other CS Professional Suite products like UltraTax CS and GoSystem Tax RS, ensuring data flows seamlessly between systems. Fixed Assets CS also supports physical inventory tracking using barcode scanners and electronic document storage for receipts and asset-related records.
Fixed Assets CS reviews and testimonials
G2 rating: 4.4 out of 5
Fixed Assets CS pricing
Fixed Assets CS does not publicly disclose its pricing information. To determine the cost for your organization’s specific needs, you’ll need to contact their sales team for a customized quote.
6. NetSuite Fixed Assets Management (FAM)
NetSuite Fixed Assets Management (FAM) is a module within the cloud-based NetSuite ERP platform, a fully-cloud solution developed by Oracle. It streamlines and automates fixed Asset Management processes, ensuring accurate financial reporting and compliance with accounting standards.
As part of the comprehensive NetSuite ecosystem, FAM integrates seamlessly with other modules, such as procurement and advanced Financial Management, to provide an end-to-end solution for managing fixed assets.
NetSuite Fixed Assets Management features
NetSuite Fixed Assets Management offers a robust suite of features designed to ensure efficient asset tracking and management. The asset tracking functionality enables companies to create accurate listings of both depreciating and non-depreciating assets while maintaining detailed records over their lifecycle. It also allows for seamless asset transfers between subsidiaries or business units while retaining full history without reentering data.
The tool’s Depreciation Management automates calculations using standard or custom schedules, with options to adjust for downtime during periods of inactivity. Lease accounting ensures compliance by capturing key lease details, automating expense amortization, and posting journal entries that align with reporting standards. Lastly, reporting capabilities enable businesses to generate compliant financial statements and detailed analyses using SuiteAnalytics for deeper insights.
NetSuite Fixed Assets Management reviews and testimonials
G2 score: 4 out of 5.
NetSuite Fixed Assets Management pricing
NetSuite FAM is part of the broader NetSuite ecosystem, and its pricing model is based on an annual license fee. This license fee includes three components: the core platform, optional modules (such as Fixed Assets Management), and the number of users. Additionally, a one-time implementation fee applies for initial setup.
Since NetSuite is a modular system, businesses can license the Fixed Assets Management module separately and add additional modules as needed over time. Pricing for individual modules varies based on functionality, and organizations are encouraged to contact NetSuite directly for a customized quote tailored to their specific requirements.
How to choose the best Fixed Asset Management tool for your organization
The best solutions offer a combination of tracking, reporting, and automation capabilities. Here are some essential features to consider:
- Asset tracking: The tool should provide real-time visibility into asset locations, conditions, and usage. Look for options that support barcode, RFID, or GPS tracking.
- Depreciation management: Built-in depreciation calculators help automate financial reporting and ensure compliance with accounting standards.
- Maintenance scheduling: Corrective and preventive maintenance tracking ensures assets remain operational, reducing downtime and unexpected costs.
- Audit and compliance support: Automated record-keeping helps meet regulatory requirements and simplifies audits.
- Integration capabilities: The tool should connect with your existing ERP, IT Service Management, or accounting software to streamline operations.
- Reporting and analytics: Customizable dashboards and reports provide insights into asset utilization, financial impact, and lifecycle trends.
- Cloud vs. on-premise deployment: Depending on your organization's security policies and IT infrastructure, you may need a cloud-based solution for accessibility or an on-premise option for full control.
Beyond features, a few key factors determine whether a tool aligns with your organization's needs:
- Consider the scope of your assets – Some tools are designed for IT assets, while others handle a broader range, including machinery, vehicles, and office equipment. Choose one that fits your industry and asset types.
- Evaluate pricing and total cost of ownership – Some solutions offer per-user pricing, while others charge based on the number of assets. Factor in setup costs, ongoing maintenance, and potential upgrade fees.
- Assess scalability – If your asset inventory is growing, ensure the software can scale with your organization without requiring costly migrations.
- Decide between standalone tools vs. broader platforms – Some fixed Asset Management solutions are part of larger enterprise platforms (e.g., ERP or ITSM suites). If you only need asset tracking, a dedicated tool might be more cost-effective. If you need broader capabilities, an integrated platform could be beneficial.
Conclusion
Choosing the right Fixed Asset Management tool requires balancing functionality, integration capabilities, and cost. By focusing on essential features and aligning the tool with your business needs, you can improve asset visibility, reduce losses, and optimize long-term value.
For affordability and flexibility, InvGate Asset Management stands out, offering a user-friendly solution that supports both IT and non-IT assets.
Remember, you can grab a free trial of InvGate Asset Management and start managing your assets with our tool. Request our 30-day free trial now!
