12 Best Asset Management Software in Philippines 2024

Managing asset management can be quite overwhelming, with challenges like tracking issues, compliance headaches, high costs, and unplanned downtime. But, chill lang! There is a solution for this.

According to TechReport, asset management software has become important worldwide, including in the Philippines. 38% of businesses have praised ERP solutions for boosting their agility in meeting the ever-changing demands of their customers.

However, the market is flooded with asset management sytem options, making it quite a challenging task to choose the one that aligns with your business needs and future goals.

To help you navigate the options, we’ve compiled a list of the 12 best asset management software in the Philippines. This guide will simplify the decision-making process and assist you in choosing a solution that drives your business forward.

What is Asset Management Software?

Asset management software is a tool that helps businesses keep track of their assets, like equipment and property, from purchase to disposal. It works by automatically monitoring where assets are, when they need maintenance, and how they are being used to ensure everything runs smoothly.

The benefits of asset management software are profound, offering businesses a competitive edge through:

• Enhanced operational efficiency by automating daily asset management tasks.
• Cost savings from effective asset management.
• Improved asset utilization from detailed insights into asset performance and usage patterns.
• Minimized downtime from regular maintenance and timely repairs.
• Compliance assurance to avoid fines and penalties associated with non-compliance.

How Does an Asset Management Software Work?

An asset management system works by collecting data on an organization’s assets and using that data to track the asset’s status, schedule maintenance, and manage its lifecycle. Here’s how it works step-by-step:

• Asset Identification: Each asset is given a unique identifier, like a barcode or RFID tag. For example, in a hospital, each medical device could be tagged with a barcode.
• Tracking and Monitoring: The system constantly monitors the asset’s location, condition, and usage. For instance, a factory could track the usage and wear of a machine to ensure it is functioning properly.
• Maintenance Scheduling: The system schedules regular maintenance based on asset usage data. For example, a fleet management company might schedule maintenance for its vehicles based on mileage tracked through the system.
• Lifecycle Management: It tracks an asset from purchase to disposal, helping companies decide when to replace or upgrade equipment. In an office setting, computers might be tracked to know when they’re outdated and need replacement.
• Reporting: The system provides data and reports on asset performance, costs, and maintenance history. This helps in budgeting, planning, and ensuring the optimal use of resources. For example, a business might analyze these reports to prevent costly breakdowns by replacing assets before they fail.

In summary, it automates processes like asset tracking and maintenance, helping organizations save money and avoid unexpected equipment failures​. By leveraging effective equipment maintenance software, businesses can enhance their operational resilience and drive long-term success.

12 Best Asset Management Software in the Philippines

Below are the 12 best asset management software in Philippines for 2024. This list highlights the key features, advantages, and targeted business applications for each software, helping you make a well-informed choice.

1. HashMicro Asset Management Software

HashMicro’s Asset Management Software is a solution for businesses in the Philippines looking for effective asset management. It offers features like real-time tracking, automated maintenance alerts, and easy reporting, ensuring that assets are well-managed, also improving efficiency.

Best overall: HashMicro is recognized as the best overall asset management software, offering versatile and comprehensive tools.

Below are the key features of HashMicro’s Asset Management Software:

1. 1. Preventive Maintenance Scheduling: Enables the planning and scheduling of regular maintenance activities to prevent breakdowns and extend the lifespan of assets, ensuring they operate efficiently and reliably.
   2. Asset Maintenance Budget: This feature allows businesses to set and manage budgets for the maintenance of their assets, ensuring that costs are kept under control while maintaining asset health and longevity.
   3. Asset Stocktake with Barcode: Streamlines the inventory management process by using barcode technology for quick and accurate asset tracking, reducing errors and saving time during stocktakes.
   4. Parent & Child Asset Management: Facilitates the hierarchical organization of assets, where parents’ assets can have associated components or child assets, simplifying tracking and management across complex asset inventories.
   5. Asset Comprehensive Cost Reporting: Generates detailed reports on the costs associated with each asset, including acquisition, maintenance, and operational costs. This provides valuable insights for financial planning and asset performance analysis.

Not only do you get the five features mentioned above, but this software also offers powerful additions like real-time asset GPS tracking, fuel log & odometer tracking, and so much more! It’s designed to supercharge your business efficiency to the next level!

Suitable for: HashMicro is ideal for enterprises seeking an end-to-end business solution that combines modernity, ease of use, and comprehensive features and functions.

Are you wondering how much comprehensive asset software will cost your business? Use our pricing calculator to get a customized quote today.

2. NetSuite

NetSuite Enterprise Asset Management System offers a cloud-based solution designed to help businesses manage assets. As part of Oracle’s NetSuite cloud ERP suite, this software is highly regarded for its integration capabilities and offering a unified platform.

NetSuite Asset Management System comes packed with a range of features, including:

1. Asset lifecycle tracking
2. Depreciation management
3. Maintenance scheduling
4. Comprehensive reporting

Suitable for: NetSuite Enterprise Asset Management System is suitable for businesses looking for an all-encompassing ERP solution with strong asset management capabilities. 

3. SAP Asset Intelligence Suite

SAP Asset Intelligence Suite provides a cloud-based solution designed to facilitate collaborative asset management. This platform enables businesses to share and manage equipment information and insights effectively.

The features that SAP Asset Intelligence Suite provides include:

1. Asset management across stakeholders
2. Predictive maintenance
3. Analytics and reporting

Suitable for: SAP Asset Intelligence Suite is ideal for those already invested in the SAP ecosystem or those looking for a solution that can support global operations.

4. Sage Intacct

Sage Intacct Asset Software stands out as a cloud-based financial management and accounting solution designed to provide comprehensive asset tracking and management capabilities.

The features that Sage Intacct Asset Software provides are stated as follows:

1. Automated asset tracking
2. Depreciation management
3. Asset lifecycle management
4. Reporting

Suitable for: Sage Intacct Asset Software is suitable for businesses looking for a comprehensive solution that can handle complex asset management needs.

5. GoCodes Asset Management Software

GoCodes Asset Software Philippines offers a cloud-based solution designed to simplify the tracking and management of company assets. It is recognized for its innovative use of QR codes and GPS technology to offer real-time asset tracking and management capabilities.

Below are some of the key features that GoCodes provides:

1. Automated asset tracking
2. Maintenance tracking
3. QR code scanning

Suitable for: GoCodes Asset Software Philippines is particularly well-suited for businesses seeking a straightforward and effective solution for asset tracking and management.

6. Asset Panda

Asset Panda IT asset management software is designed to help businesses of all sizes track, manage, and support their assets throughout their lifecycle. Asset Panda is known for its ease of use, customization capabilities, and mobile access.

Below are the suite of features that Asset Panda provides:

1. Asset lifecycle management
2. Barcode recognition
3. Equipment tracking
4. Maintenance scheduling

Suitable for: Asset Panda IT asset software is ideal for a broad spectrum of businesses to improve their asset tracking capabilities with a comprehensive asset management solution.

7. Fishbowl Asset Management Software

Fishbowl enterprise asset management stands out as a robust solution designed to streamline the tracking, management, and maintenance of assets, making it easier for businesses to optimize their utilization and extend their lifespan.

Let’s delve into the key features that Fishbowl provides below.

1. Inventory management
2. Part tracking
3. Barcode scanning
4. Reporting tools

Suitable for: Businesses in manufacturing, retail, or any sector that requires detailed inventory tracking will find Fishbowl to be a valuable tool for optimizing their operations.

8. EZOfficeInventory

EZOfficeInventory offers asset maintenance software designed to simplify the tracking and managing of assets across various stages of their lifecycle. It enables businesses to efficiently oversee assets, equipment, and inventory, facilitating streamlined operations and improved asset utilization.

EZOfficeInventory provides a wide range of features, including:

1. Asset tracking
2. Maintenance management
3. Location and status update
4. Reports and insights

Suitable for: EZOfficeInventory asset management tools is particularly appealing to businesses seeking to improve asset visibility, streamline maintenance processes, and enhance operational efficiency without the need for significant IT resources. 

9. Zoho Asset Management Software

Zoho Asset Management Software provides tools designed to help businesses of all sizes manage and track their assets efficiently. As part of the extensive suite of business applications offered by Zoho, known for its innovation and affordability, this asset management solution has gained a reputation for being both powerful and user-friendly.

Let’s explore the key features that Zoho Asset Management Software provides below.

1. Asset lifecycle management
2. Maintenance scheduling
3. Depreciation calculation
4. Reports and analytics

Suitable for: Zoho Asset Management Software is particularly ideal for those already using other Zoho applications or those in need of software that supports both basic and moderately complex asset management requirements. 

10. Ivanti

The Ivanti IT asset management system provides a comprehensive tool designed to help organizations manage their IT assets effectively throughout their lifecycle. This includes hardware and software assets, from procurement to disposal, ensuring optimal utilization, compliance, and cost efficiency.

Below is the comprehensive suite of features that Ivanti provides:

1. Lifecycle management
2. License management
3. Discovery and inventory

Suitable for: Businesses that prioritize IT security, compliance, and efficiency will find Ivanti’s offerings particularly beneficial.

11. AssetCloud

AssetCloud delivers a comprehensive asset-tracking solution designed to help businesses of all sizes track and manage their assets efficiently. It offers a cloud-based platform that provides real-time visibility into asset performance, location, and usage.

Below are the various features that AssetCloud offers:

1. Asset tracking
2. Maintenance scheduling
3. Audit and compliance
4. Reporting tools

Suitable for: Businesses looking to improve asset accountability, reduce manual paperwork, and gain real-time insights into their asset inventories will find AssetCloud asset tracking solution to be an invaluable tool. 

12. eMaint Asset Management Software

eMaint Asset Management Software presents a cloud-based asset-tracking solution that has been designed to help businesses of all sizes manage their maintenance operations, assets, and inventory efficiently.

This software provides a comprehensive suite of features, including:

1. Preventive maintenance
2. Work order management
3. Asset tracking
4. Reporting and dashboards

Suitable for: eMaint Asset Management Software is suitable for businesses across various industries, including manufacturing, facilities management, and fleet operations, looking for a comprehensive and scalable asset management solution.

Tips to Choose the Best Asset Management Software for Your Business

Choosing the best asset management software for your business is a critical decision that can significantly impact your operational efficiency, financial health, and long-term growth. To navigate this complex process, consider the following tips:

1. Identify your business needs: Consider factors like the size of your asset inventory, the types of assets you manage (tangible vs. intangible), and your primary challenges in asset management.
2. Prioritize key features: Prioritize the features that are most important to your business, such as asset tracking, maintenance scheduling, asset valuation, and reporting capabilities. Ensure the software you choose excels in these key areas.
3. Consider user-friendliness: The software should be intuitive and easy to use for all team members. User-friendly interfaces and accessible training materials can significantly enhance adoption rates and operational efficiency.
4. Evaluate integration capabilities: The ability to integrate with other systems is crucial. Seamless integration ensures that your asset management system works in harmony with your existing workflows, minimizing disruptions and data silos.
5. Research support and services: Effective customer support and regular software updates are essential. Look for vendors with a strong reputation for customer service, comprehensive training programs, and proactive software maintenance.
6. Review case studies and testimonials: Case studies and testimonials from businesses similar to yours can offer real-world insights into the effectiveness of different software solutions.

By following these tips, you can navigate the complex landscape of asset management software, ensuring they select a solution that aligns with your business’s specific needs and objectives to set the foundation for enhanced operational efficiency.

Conclusion

Implementing asset management software in today’s fast-paced business environment cannot be overstated. It streamlines operations, optimizes asset utilization, and enhances decision-making, directly impacting your bottom line.

Among the array of options available in the market, HashMicro Asset Management System emerges as a standout choice. With its user-friendly interface, comprehensive feature set, and seamless integration capabilities, HashMicro offers a robust solution to improve efficiency, reduce costs, and enhance asset lifecycle management.

Explore how HashMicro Asset Management Software can help you transform your asset management and drive significant business growth. Get the free demo now!

FAQ About Asset Management Software

• Is asset management part of ERP?

  Although an ERP system can assist with asset management, it primarily focuses on centralizing core business information and managing daily operations. On the other hand, EAM software is specifically designed for asset management, offering detailed modules for monitoring and analyzing asset performance.

• What are the 3 main asset management types?

  The three main asset management types are physical asset management (e.g., equipment, buildings), financial asset management (e.g., stocks, bonds), and intangible asset management (e.g., intellectual property, patents).

• What is an example of asset management?

  Managing the estate of a wealthy individual exemplifies asset management. Overseeing multiple investments and properties is a full-time responsibility, necessitating the hiring of an asset manager.

• What is the objective of asset management system?

  The objective of an asset management system is to optimize asset usage, reduce operational costs, and extend the asset’s life while ensuring compliance with relevant regulations.