6 Free Asset Management Tools To Keep Track of your Organisation’s Assets

For adequate management and growth, keeping track of your organisation’s assets and determining if they generate a profit for your business is critical. 

Asset monitoring is keeping track of your company’s assets in their most basic form. It enables your company to scale well into the future. However, today’s asset tracking software is much more advanced than spreadsheets and manual entries.

An accurate picture of what’s happening at every level of your organisation should result from well-implemented and effective tracking. For example, you should be able to find an asset’s position within the organisation, the status of updates and maintenance, and who is in charge of its present management in a single dashboard.

Here are some free efficient asset management tools for you to choose from.

Ralph

Ralph is a flexible and scalable minimalist asset management tool that tracks your organisation’s assets without affecting your current workflows.

Even though it has a lightweight design, organisations can easily customise it. It includes pre-built procedures for data centre assets, office supplies, and intangible assets, including domains, licences, and vendor connections.

Features of Ralph

• Keep track of assets purchases
• flexible flow system for assets life cycle
• Data centre and back-office support
• Dc visualisation built-in

 AssetTiger

AssetTiger is a cloud-based asset management tool accessible online, on a mobile or tablet. One of its best features is tracking your assets from any location. In addition, you can modify the tool according to your company’s needs using its pre-set options.

You can add employees, assign them tools and equipment, and use it to manage your vehicle fleet. With AssetTiger mobile app, you have to scan barcodes to review and adjust asset history, check assets in and out, or update statuses, including location and maintenance.

Features of AssetTiger

• Access it for up to 250 assets for free. 
• An unlimited number of users can access the account and have different access rights. 
• It offers a thorough asset record with configurable fields, makes it easy to export the current asset data to an Excel sheet, and enables you to start managing your assets right away.

Fishbowl Warehouse

Fishbowl Warehouse is a flexible asset monitoring software for small and medium-sized businesses. It can keep track of the assets spread across several warehouses using a variety of criteria. In addition, it can produce barcodes, simplifying asset tracking and speeding up shipping and storage procedures. Multiple currencies are supported, allowing for precise accounting and tax records.

Features of Fishbowl

• Track assets spread across numerous branches
• Integrate with Xero and Quickbooks. 
• Sophisticated inventory management capabilities
• Barcode generation
• Employee time tracking
• shipping processing
• Order management

Snipe-IT

Snipe-IT is a complete open-source web-based warehouse and inventory management solution with a powerful REST API. It provides a feature-rich package to enable you to streamline asset management in your business processes and is available as a self-hosted cloud solution.

Some features include advanced asset management, software licencing management, and barcode labelling for tangible items. In addition, a REST API guarantees full connectivity with current systems, and a premium SAAS model can offer various hosting alternatives for companies seeking a more comprehensive solution.

Features of Snipe-IT

• Mobile-friendly for asset updates on the go
• Runs on any Linux, Windows or Mac web server
• Web-based software, so it works on any device
• Slack notification integration for check-in/checkout 
• Tons of security features to keep your data safe
• Pre-defined “kits” for faster checkouts
• SAML login integration 

OpenMAINT

OpenMAINT is a tool for managing and tracking moveable assets, buildings, installations, and maintenance tasks. It is free and open-source asset tracking software that aids the updating of data on firm assets and inventories.

The space and asset inventory, as well as the registry management, dashboards, reports, plants, and BIM models, are managed by it. Additionally, it notifies users of asset breakdowns and service schedules, allowing for precise logistic management of assets.

ResourceSpace

ResourceSpace is an open-source digital asset management software. With unlimited users and no time restriction, it offers 10GB of free space. As a result, you can manage your digital assets quickly and easily without making any investments. 

You can alter its functionality according to your business needs by developing bespoke plugins or enhancing the functionality of the leading software. 

Features of ResourceSpace

• Highly customisable asset management
• Integration with the existing system easily
• Customisable user roles with permissions and role setting
• Real-time detailed reports and statistics
• Supports most popular standards for exchanging metadata
• Flexible file search and file sharing from a single hub
• Change the file extension and size

Key Takeaways

Asset management is crucial to capturing a snapshot of your business and entailing how well everything is working. The goal of asset tracking software is to maximise the efficiency of the assets and minimise spending on those assets simultaneously.

Explore all of the asset tracking software from the list of these best six free asset tracking software and choose the one that best suits your business needs.

Have you already used any of the above-mentioned asset management software? If yes, please leave a review below explaining your experience in the comments section.