Top 8 Asset Tracking Software for Best Results

Efficiently tracking and managing assets is essential for businesses to optimise operations, minimise losses, and maximise returns. 

This is especially crucial in the healthcare industry, where the precise location and availability of medical equipment can be a matter of life and death, hence the growing demand for hospital asset tracking software. 

Fortunately, a variety of cutting-edge asset tracking software solutions have emerged to simplify this process. 

This article lists 8 Asset Tracking Software that have consistently delivered exceptional results across various industries, empowering businesses with real-time visibility and control over their valuable assets. 

Whether you need to track inventory, equipment, or vehicles, these innovative tools offer a comprehensive suite of features to streamline your asset management processes, enhance productivity, and drive profitability.

What Does Asset Tracking Mean?

Asset tracking is the systematic process of monitoring and managing physical assets throughout their lifecycle. This involves tracking an asset's location, condition, maintenance history, and utilisation. 

Asset tracking provides businesses with real-time visibility into their assets, enabling them to make data-driven decisions to optimise asset utilisation, reduce costs, and improve efficiency.

Importance of Asset Tracking for Businesses

Asset tracking offers a multitude of benefits for businesses across various industries:

• Cost Reduction: Optimise asset utilisation, minimise downtime, and prevent loss or theft, leading to significant cost savings.
• Increased Efficiency: Streamline workflows, improve resource allocation, and automate routine tasks for enhanced operational efficiency.
• Improved Maintenance: Schedule preventive maintenance, track repair history, and predict asset failures to prolong asset lifespan and minimise disruptions.
• Enhanced Security: Deter theft, track asset movements, and quickly recover lost or stolen assets.
• Regulatory Compliance: Ensure compliance with industry regulations and standards regarding asset management and reporting.
• Data-Driven Decision Making: Gain insights into asset performance, utilisation trends, and maintenance needs to make informed business decisions.

8 Best Asset Tracking Software

Asset tracking software plays a pivotal role in streamlining operations, reducing costs, and improving overall efficiency. 

Whether you're a small business or a large enterprise, these tools offer a range of features to help you monitor, manage, and optimise your valuable assets.

MappedIn

Offers robust indoor mapping and wayfinding solutions combined with real-time asset tracking capabilities. Ideal for large facilities like hospitals, universities, and corporate campuses.

Key Features:

• Indoor mapping and navigation for improved user experience
• Real-time asset tracking using Bluetooth beacons or Wi-Fi
• Customisable dashboards and analytics
• Integration with third-party systems

Asset Panda

A flexible and customisable asset tracking platform suitable for businesses of all sizes. Features barcode scanning, GPS tracking, and maintenance management.

Key Features:

• Comprehensive asset management with custom fields and workflows
• Barcode and QR code scanning for easy data entry
• GPS tracking for outdoor assets
• Maintenance scheduling and tracking

MMSOFT Pulsway

A comprehensive IT infrastructure monitoring and management solution that includes asset tracking features. A good choice for IT-intensive organisations.

Key Features:

• Remote monitoring and management of IT assets
• Patch management and software deployment
• Real-time alerts and notifications
• Detailed reporting and analytics

UpKeep

A cloud-based maintenance management software with integrated asset tracking functionalities. Focused on streamlining maintenance processes and reducing downtime.

Key Features:

• Work order management and preventive maintenance scheduling
• Asset tracking with barcode scanning and GPS
• Inventory management and parts tracking
• Mobile app for field technicians

GoCodes

A simple and cost-effective asset tracking solution that uses QR codes and barcodes for tracking. Ideal for small businesses or those with limited budgets.

Key Features:

• QR code and barcode generation and scanning
• Cloud-based asset tracking with mobile app
• Customisable asset labels and reports
• Integration with Google Sheets and Zapier

EZOfficeInventory

A web-based asset tracking system with inventory management capabilities. Offers features like barcode scanning, depreciation tracking, and customisable reports.

Key Features:

• Asset tracking with check-in/out functionality
• Inventory management with stock alerts
• Depreciation calculation and asset lifecycle tracking
• Customisable reports and dashboards

AssetCloud

A cloud-based asset management platform designed for tracking and managing fixed assets. Offers features like depreciation calculation, insurance tracking, and audit trails.

Key Features:

• Asset tracking with barcode and RFID scanning
• Depreciation calculation and forecasting
• Insurance tracking and policy management
• Audit trails and compliance reporting

AssetTiger

A user-friendly asset tracking software tailored for small and medium-sized businesses. Provides essential features like asset check-in/out, maintenance scheduling, and reporting.

Key Features:

• Asset tracking with barcode scanning
• Maintenance scheduling and tracking
• Purchase order and vendor management
• Customisable reports and dashboards

Choosing the Right Asset Tracking Software for Your Business

Consider the following factors when selecting an asset tracking solution:

• Business Size and Industry: Choose a solution that caters to your specific industry and business size.
• Asset Types: Ensure the software supports the types of assets you need to track (e.g., IT equipment, vehicles, tools).
• Features: Identify essential features like real-time tracking, maintenance management, reporting, and integrations with other systems.
• Budget: Determine your budget and select a solution that offers the best value for your investment.
• Ease of Use: Choose a user-friendly platform with intuitive navigation and minimal training requirements.
• Scalability: Opt for a solution that can grow with your business and adapt to your evolving needs.

Can Asset Tracking Software Integrate with Other Systems I Use?

Yes, most modern asset tracking software solutions offer integration capabilities with other business systems, such as Enterprise Resource Planning (ERP) systems, Customer Relationship Management (CRM) software, and accounting software. 

Integrating asset tracking with these systems can streamline data flow, improve accuracy, and enhance overall business efficiency.

Final Thoughts

Asset tracking is a critical component of effective asset management. 

By leveraging the right asset tracking software, businesses can gain valuable insights into their assets, optimise their utilisation, and drive operational efficiency. 

Carefully evaluate your business needs and select a solution that aligns with your goals and budget to maximise the benefits of asset tracking.