Helpful Summary
- Overview: We present top enterprise asset management (EAM) software solutions, detailing their features, pricing pros and cons to help you make the right choice.
- Why You Should Trust Us: Our extensive experience in optimizing asset management processes has helped enterprise businesses achieve significant cost savings and improve efficiency, as shown in our case studies.
- Why It Matters: An effective EAM platform reduces downtime, prevents costly repairs, and enhances decision-making, leading to longer asset lifespans.
- Action Points: Evaluate your company's needs against the features and pricing of the recommended EAM solutions.
- Further Research: Visit our blog for more resources on enterprise asset management.
Which Enterprise Asset Management Software is Right for Your Business?
If your company still relies on spreadsheets to manage assets, you’re likely wasting time and missing key insights. Enterprise Asset Management (EAM) software helps businesses track and maintain physical assets throughout their lifecycle, streamlining processes and cutting costs.
But with so many options available, selecting the right EAM can feel overwhelming.
In this BlueTally article, we’ll guide you through a list of the best enterprise asset management software solutions to help you find the right fit for your organization.
But first…
Why Listen to Us?
At BlueTally, we offer extensive expertise in addressing challenges while managing enterprise assets. Our solutions lead to cost reductions, enhanced efficiency, and prolonged asset lifespan.
We have partnered with organizations like Pfizer, Vodafone and Unilever to optimize their asset management processes.
By upgrading their outdated asset management systems into centralized, real-time platforms, we improved asset tracking, visibility and operational efficiency, enabling teams to concentrate on strategic initiatives rather than manual work.
What Is Enterprise Asset Management Software?
Enterprise Asset Management (EAM) software helps organizations manage, monitor, and optimize physical assets like machinery, vehicles, and equipment throughout their lifecycle. It maximizes asset efficiency by streamlining maintenance, repairs, tracking, and compliance.
An EAM software typically:
- Monitors assets’ location, condition, and availability
- Schedules regular tasks to reduce downtime
- Assigns and tracks repairs and maintenance
- Ensures regulatory compliance and reporting
- Oversees assets from procurement to disposal
For instance, an electricity provider may use EAM software to track the maintenance of power lines, transformers, and power stations.
8 Best Enterprise Asset Management Software
- BlueTally
- IBM Maximo
- SAP EAM
- eMaint
- LLumin
- AssetWorks EAM
- Prometheus Platform
- Fracttal
1. BlueTally
At BlueTally, we’re a cloud-based EAM solution designed to streamline tracking, management, and specialize in auditing IT and fixed assets.
Our key purpose is to help businesses, big or small, keep track of their assets, including hardware and software, using an intuitive interface and real-time tracking capabilities.
We’re especially popular in industries like education management, IT services, and non-profits.
Key Features
- IT and Fixed Asset Management: Allow businesses to track, manage, and audit both IT equipment and fixed assets like computers, software licenses, and office equipment.
- Integration Capabilities: Through seamless integrations with tools like Microsoft Intune, Jamf Pro, Azure AD, and Slack, we reduce manual effort by keeping asset data automatically synced across platforms.
- Custom Fields and Reports: You can easily customize fields for assets and generate real-time reports for better insight into your asset usage.
- Check-in/Check-out System: Simplify asset tracking as they’re assigned and returned by employees.
- Barcoding and RFID Support: Offer barcode and RFID capabilities to help with easy tagging and tracking.
Pricing
- Free Trial: Available for 14 days
- Starter plan: $59/month billed annually
- Pro plan: $179/month billed annually
- Business plan: $199/month billed annually
- Enterprise plan: based on specific requirements.
Pros
- Intuitive interface simplifies asset management, even for teams without technical expertise
- Automates processes to reduce manual data entry and tracking
- Seamless integration with tools like Microsoft Intune and Slack
- Customer support provides timely assistance to resolve any issues quickly
- Flexible pricing plans that can grow with your business needs
Cons
- Session timeouts resulting in quick log outs
2. IBM Maximo
IBM Maximo is a comprehensive EAM platform that offers a suite of tools for managing physical assets throughout their lifecycle. It integrates with AI, Internet of Things (IoT), and advanced analytics to enhance asset monitoring, predictive maintenance, and operational efficiency.
Maximo is designed for industries with intensive asset management needs like utilities, oil and gas, manufacturing, transportation, and life sciences.
Key Features
- Asset Lifecycle Management: Manages the complete lifecycle of assets, including maintenance, inspections, repairs, and decommissioning.
- Predictive Maintenance: Uses IoT sensors and AI-driven analytics to predict and prevent asset failures before they occur.
- Mobile Access: Field technicians can manage work orders and asset information from mobile devices.
- Integration Capabilities: Supports integrations with major ERP systems like SAP, Oracle Fusion, and Workday.
- Cloud and On-Premise Options: Can be deployed on-premise, in the cloud, or as a hybrid version.
Pricing
The IBM Maximo Application Suite (MAS) offers two main packages: client-managed software and software as a service (SaaS), both using a credit-based system called AppPoints for flexible licensing.
The IBM Maximo Application Suite as a Service (SaaS) package comes in three plans:
- Essentials plan: Maintenance Essentials starts at $3,150/month while Inspection Essentials starts at $3,675/month
- Standard plan: starts at $7,464/month
- Premium plan: at custom pricing.
Pros
- Offers a wide range of tools to cover the full asset lifecycle
- Uses advanced AI and IoT technology to anticipate maintenance needs
- Easily integrates with major ERP systems
Cons
- Complex and time-consuming for small teams
- Steep learning curve
- Too much unnecessary reading material
3. SAP EAM
SAP EAM is a comprehensive EAM platform that supports a variety of industries, including manufacturing, utilities, oil and gas, and transportation. It provides tools for maintenance scheduling, predictive maintenance, and real-time asset performance monitoring.
Key Features
- Asset Lifecycle Management: Supports managing the full lifecycle of assets, from procurement and installation to maintenance and decommissioning.
- Predictive Maintenance: Uses IoT sensors and data analytics to predict equipment failures before they happen.
- AI-driven Management: Provides AI-driven maintenance planning, tracking, and execution for both planned and unplanned maintenance tasks.
- Mobile Field Service: Allows technicians to access asset data and manage tasks via mobile devices, even when offline.
- Integration with SAP Ecosystem: Works seamlessly with SAP S/4HANA and other SAP modules for streamlined asset data management and reporting.
Pricing
- SAP EAM charges $19/month on average for its basic plan.
Pros
- The platform uses predictive tools to prevent equipment failures
- Helps ensure smooth operations by scheduling maintenance before issues arise
- Easily integrates with the wider SAP ecosystem
Cons
- Difficulties integrating SAP EAM with non-SAP systems
- Difficult to configure without expert help.
- Pricing not disclosed on their website
4. eMaint
eMaint is a cloud-based EAM and Computerized Maintenance Management Software (CMMS). It is designed to help organizations streamline their maintenance operations, manage assets efficiently, and increase overall productivity.
eMaint is widely used across industries like manufacturing, facilities management, and utilities, offering flexible, scalable solutions that cater to businesses of all sizes.
Key Features
- Asset Lifecycle Management: Manages assets from acquisition to disposal, with detailed maintenance history, spare parts management, and lifecycle tracking.
- Predictive and Preventive Maintenance: Integrates with IoT sensors and data analytics to predict asset failures and schedule proactive maintenance tasks.
- Interactive Plans: Visualize assets on floor plans and schematics.
- Mobile Support: Offers mobile access to work orders, asset information, and inventory management. An Internet connection isn’t necessary.
- Enterprise-Level Reporting: Provides robust reporting tools and dashboards to monitor asset performance, uptime, and maintenance costs across multiple locations.
Pricing
- Team plan: starting at $69 per user/month
- Professional plan: starting at $85 per user/month
- Enterprise plan: which requires a custom quote for five or more users
Pros
- Platform is intuitive, making it easy for teams to adopt
- Users can access important information and manage tasks without an internet connection
- The support team is quick to address issues
Cons
- Mobile app lacks advanced functionality
- Inefficient scheduling functionality
5. LLumin
LLumin is an advanced EAM and CMMS platform that streamlines asset management and maintenance processes. It provides tools for real-time data monitoring, predictive maintenance, and regulatory compliance.
LLumin is particularly popular in asset-heavy industries like manufacturing, utilities, and energy.
Key Features
- Predictive and Preventive Maintenance: Its CMMS+ uses data from sensors and SCADA systems to automate maintenance tasks based on real-time asset conditions.
- Mobile and Cloud-Based: Offers mobile functionality, enabling field teams to access and manage work orders, assets, and maintenance tasks from anywhere, even offline.
- Customizable Dashboards and Reporting: Users can create custom dashboards to monitor asset performance, generate reports, and analyze maintenance trends.
- Regulatory Compliance: Helps businesses meet compliance standards (e.g., OSHA, EPA, FDA) through automated tracking and reporting of safety inspections and maintenance schedules.
Pricing
- Professional plan: $45/month per user
- Premium plan: $80/month per user
- Enterprise plan: $110/month per user
Pros
- Users can tailor the platform to meet specific business needs
- The support team is quick to respond to inquiries
- Come with advanced analytics tools to gain insights into asset performance
Cons
- New users may find the initial setup and navigation challenging
- No custom pricing for enterprise-level firms
6. AssetWorks EAM
AssetWorks EAM is a web-based enterprise asset management solution that manages complex infrastructure and physical assets like roadways, parks, pipelines, and facilities.
It supports both public and private sector organizations in efficiently managing their assets through real-time tracking, work order management, and integrated GIS capabilities.
Key Features
- Real-Time Asset Data: Provides real-time insights into asset status, location, and maintenance history, tracking repair schedules, transfers, and beyond.
- Maintenance Management: Offers preventive maintenance scheduling with automated alerts.
- GIS and Esri Integration: Integrates with GIS systems for geospatial mapping and location-based asset tracking.
- Inventory and Spare Parts Management: Automates procurement processes and manages spare parts inventory.
- Mobile Access: Allows mobile access for field workers, enabling them to manage work orders, update asset statuses, and track maintenance tasks in real time.
- Reporting and Analytics: Provides robust reporting tools for data-driven decision-making, including tracking asset lifecycle and performance.
Pricing
- Starts from $2,500, and allows a one-time payment.
Pros
- User-friendly design ensures that employees can quickly adapt to the software
- Simplifies the process of tracking assets and scheduling maintenance tasks
- Platform seamlessly integrates with various systems
Cons
- Pricing details aren’t revealed on their website
- Reporting features are less robust than expected
- Mobile app doesn’t offer all the functionalities available on the desktop version
7. Prometheus Platform
The Prometheus Platform is a fully integrated EAM solution designed for asset-intensive industries like oil & gas, utilities, and manufacturing.
It focuses on simplifying asset management, operations, and safety processes, providing a user-friendly interface.
Key Features
- Interconnected Modules: Offers nine interconnected modules, including Planning & Scheduling, Environmental Health & Safety, Mobility, Asset Performance Management, and more.
- Integration features: Provides deep integrations with major ERP, CMMS, and EAM providers like SAP, Oracle, and IBM Maximo.
- Cloud-Based and Mobile-First: Supports mobile access and offline capabilities.
- AI-Driven Predictive Maintenance: Makes use of AI and machine learning to predict asset failures.
Pricing
- Prometheus Platform’s pricing starts from $100,000, and they don’t offer any free trial.
Pros
- Design allows for seamless integration with existing ERP and CMMS systems
- Intuitive design promotes easy navigation
- Incorporates AI and machine learning for predictive maintenance
Cons
- Certain fields must be custom-configured by the development team
- Adding modules increases costs
8. Fracttal
Fracttal is a cutting-edge EAM and CMMS designed for companies to optimize their maintenance operations. It stands out for its AI and IoT-driven features that monitor, predict, and manage asset maintenance in real-time.
Fracttal is particularly useful for industries where equipment downtime is critical, like manufacturing, transportation, and healthcare.
Key Features
- Predictive Maintenance: Uses AI and IoT to predict when equipment failures are likely to occur.
- IoT Integration: Real-time asset monitoring with IoT devices.
- Work Order Management: Automates work orders, streamlines the maintenance process, and tracks task completion.
- Mobile Access: The Fracttal One app allows users to access asset data, track work orders, and monitor equipment from anywhere.
- Asset Tracking: Real-time asset management and tracking with detailed reports on asset health, maintenance schedules, and performance metrics.
- AI-Driven Analytics: Provides data insights to enhance decision-making, optimize asset performance, and prolong asset life.
Pricing
- You must request a quote to see price
Pros
- Intuitive design ensures that users can easily navigate the platform
- Fracttal One app enables users to manage work orders from anywhere
- Platform delivers real-time data insights
Cons
- Customization features are not as robust as those offered by competitors
- Requiring time and effort to become fully proficient with the platform
- Pricing details aren’t shared on their website
Factors to Consider When Choosing an Enterprise Asset Management Software
Asset Tracking & Analytics
The software should provide real-time asset tracking and comprehensive analytics to optimize usage and inform data-driven decisions. Look for features that offer insights into asset performance, utilization rates, and maintenance history, enabling your organization to maximize efficiency and reduce costs.
Preventive and Predictive Maintenance
Ensure the EAM solution offers robust maintenance scheduling capabilities based on asset condition to minimize unplanned downtime. This includes preventive maintenance alerts and predictive analytics powered by IoT sensors, which can identify potential issues before they become critical.
Compliance Management
The system should facilitate the management of safety and regulatory compliance through user-friendly reporting and auditing tools. Consider software that adheres to industry standards and data retention practices, such as GDPR and CCPA, ensuring that your organization remains compliant while protecting sensitive information.
Customization
Look for software that allows customization to fit your organization's specific workflows and industry needs. For example, at BlueTally, our integrations offer flexible options, including a REST API, SAML SSO, and SCIM 2.0 support, which enable businesses to tailor the solution to their unique requirements.
Vendor Support & Updates
Strong customer support is essential for the successful implementation and ongoing use of EAM software. Choose a vendor that offers reliable support channels and regular software updates to ensure that your solution remains aligned with industry standards and incorporates the latest features.
Feature-to-Cost Comparison
Evaluate whether the software provides the features your company needs while aligning with your budget. Compare the functionalities offered at different pricing tiers to ensure you select a solution that delivers the best value for your investment.
Manage Your Enterprise Assets Effectively with BlueTally
Choosing the right EAM software can significantly influence an organization's productivity and efficiency.
At BlueTally, we stand out for our user-friendly interface and comprehensive IT and fixed asset management capabilities. Our seamless integrations and customizable reporting can empower your business to track assets effectively without the complexity often associated with EAM solutions.
Ready to find the perfect EAM solution for your business? Sign up for free or launch a live demo at BlueTally today.
