19+ Best Free Asset Management Software You Need in 2024

Did you know that effective asset management can reduce costs by up to 25% and improve productivity by 20%? It’s true! Properly managing your assets can have a significant impact on your business’s bottom line. But with so many options out there, how do you find the best free asset management software for your needs?

In this article, we will explore the top free asset management software options available in 2024. Whether you’re looking for a download or an online platform, we’ve got you covered. So, let’s dive in and discover the best tools to streamline your asset management process without spending a dime!

Importance of Asset Management

Asset management is crucial for businesses as it plays a significant role in effectively tracking and managing their assets. By implementing a robust asset management system, businesses can experience a wide range of benefits and drive success.

One of the key benefits of asset management is improved efficiency. When businesses have a structured system in place to track their assets, they can easily locate and utilize them when needed, saving time and effort. This improved efficiency leads to increased productivity and allows employees to focus on core business activities.

Another advantage of asset management is cost reduction. By having a clear understanding of what assets they own and how they are being used, businesses can avoid unnecessary purchases and prevent asset duplication. This helps in optimizing resource allocation and reducing expenses.

Moreover, effective asset management enables businesses to make better-informed decisions. By having real-time data and insights into asset performance, usage, and maintenance, businesses can make strategic decisions about asset acquisition, utilization, maintenance, and disposal. These decisions are backed by accurate data, leading to improved performance and better outcomes.

Overall, asset management empowers businesses to optimize resources, improve efficiency, reduce costs, and make informed decisions about their assets. This not only enhances operational effectiveness but also contributes to long-term sustainability and growth.

Key Benefits of Asset Management:

• Improved efficiency
• Reduced costs
• Increased productivity
• Better decision-making

Cube

Cube is a leading asset management software that offers a wide range of features to help businesses streamline their asset management processes. With its user-friendly interface and robust capabilities, Cube is designed to meet the needs of both lean finance teams and scaling companies.

Key Features of Cube Asset Management Software:

• Automated data consolidation: Cube automatically consolidates your asset data from various sources, eliminating the need for manual data entry and reducing errors.
• Shareable planning templates: Collaborate with your team by using shareable planning templates, ensuring everyone is on the same page when it comes to managing assets.
• Customizable dashboards and reports: Tailor your dashboards and reports to display the information that matters most to your business, allowing for easy tracking and analysis.
• Scenario planning and analysis: With Cube, you can simulate different asset management scenarios, helping you make informed decisions and plan for the future.
• Bidirectional Excel and Google Sheets integration: Seamlessly integrate Cube with Excel and Google Sheets, enabling smooth data transfer and enhancing your asset management capabilities.
• Centralized formulas and KPIs: Gain better visibility into your asset performance with centralized formulas and key performance indicators (KPIs).

Pricing of Cube Asset Management Software:

Cube offers flexible pricing options to cater to different business needs. For lean finance teams, the pricing starts at $1,250 per month. If you’re a company looking to scale and require advanced features, the pricing starts at $2,450 per month. These prices ensure that you get the functionality you need at a competitive rate.

Pipedrive

Pipedrive is a cloud-based sales CRM and pipeline management solution that also offers asset management features. With Pipedrive, you can efficiently manage your sales pipeline, track deals, and improve your sales performance. Let’s take a closer look at the key features of Pipedrive:

Sales Pipeline Management

Pipedrive provides a user-friendly interface that allows you to easily manage your sales pipeline. You can track your deals from start to finish, set customized stages, and monitor the progress of each deal. This helps you stay organized and ensures that no opportunities fall through the cracks.

Sales Reporting Tools

Pipedrive offers robust reporting capabilities that enable you to gain valuable insights into your sales activities. You can generate detailed reports on metrics such as sales performance, revenue, and conversion rates. These reports help you identify trends, track key performance indicators, and make data-driven decisions.

Individual and Team-Level Targets Monitoring

With Pipedrive, you can set individual and team-level targets to motivate your sales team and drive performance. The software provides real-time tracking of targets, allowing you to monitor progress and provide timely feedback. This helps you keep your team focused and aligned towards achieving your sales objectives.

Integration with Various CRM Tools

Pipedrive seamlessly integrates with a wide range of CRM tools, allowing you to streamline your sales and asset management processes. The integration helps you centralize your data, eliminate manual data entry, and enhance collaboration between different teams and departments.

Pricing

Pipedrive offers four pricing plans designed to meet the needs of different businesses:

Each plan offers a different set of features and customization options, allowing you to choose the one that best suits your business requirements and budget.

Whether you are a small business or a large enterprise, Pipedrive provides the tools you need to effectively manage your sales pipeline and assets. Its intuitive interface, powerful features, and flexible pricing make it a popular choice among sales teams worldwide.

Gong.io

Gong.io is an AI-powered asset management software that provides advanced features to streamline your sales processes and maximize revenue opportunities. By analyzing customer conversations and behavior, Gong.io helps you predict future sales opportunities and make data-driven decisions to boost your sales performance.

Key Features of Gong.io Software:

• AI-powered analysis of customer conversations to identify sales opportunities
• Sales forecasting to predict future revenue and improve sales planning
• Automated sales pipeline management for efficient deal tracking and management

Gong.io’s asset management software empowers your sales team to effectively track and manage customer interactions, optimize their sales pipeline, and close deals with confidence.

Pricing of Gong.io Software:

The pricing of Gong.io’s asset management software is available upon request. However, based on industry reports, Gong.io’s software is priced at approximately $1600 per user annually, making it a valuable investment for businesses looking to enhance their sales performance.

Salesforce Sales Cloud

Salesforce Sales Cloud is a popular CRM software that offers powerful asset management capabilities. With Salesforce Sales Cloud, you can efficiently manage customer interactions, track deals, and make accurate sales forecasts. This software provides a comprehensive solution for sales teams to streamline their processes and maximize productivity.

Key Features of Salesforce Sales Cloud

• Customer Interaction Management: Salesforce Sales Cloud allows you to effectively manage customer interactions, ensuring you never miss important opportunities.
• Deal Tracking: Keep track of your deals and monitor their progress at every stage, allowing for better visibility and control.
• Sales Forecasting: Make accurate sales forecasts based on real-time data and insights, empowering you to make informed business decisions.

Pricing of Salesforce Sales Cloud

Salesforce Sales Cloud offers four pricing plans to cater to different business needs. The pricing is as follows:

Whether you are a small business or a large enterprise, Salesforce Sales Cloud provides flexible pricing options to suit your budget and requirements.

Aviso Insights

Aviso Insights is a powerful asset management software that utilizes AI-powered forecasting algorithms to analyze past sales data and provide accurate predictions for future sales. With its advanced features and capabilities, Aviso Insights helps businesses make informed decisions and improve their overall sales performance.

Software Features

• Trend Analysis: Aviso Insights analyzes sales trends to identify patterns and make predictions for future sales.
• Performance Tracking: The software tracks sales performance and provides real-time insights to monitor progress and identify areas for improvement.
• Market Segmentation: Aviso Insights helps businesses identify and segment their target markets, enabling them to tailor their sales strategies accordingly.
• Integration with CRM Systems: The software seamlessly integrates with existing CRM systems, allowing businesses to leverage their customer data for accurate forecasting and decision-making.

Pricing

The pricing details for Aviso Insights are not available online. However, it is worth noting that Aviso Insights is considered one of the more expensive sales forecasting tools in the market. It offers a comprehensive set of features and advanced algorithms, making it a valuable asset for businesses looking to optimize their sales processes and drive revenue growth.

In the next section, we will explore SAP Integrated Business Planning (IBP), another comprehensive asset management software that offers forecasting and planning capabilities.

SAP Integrated Business Planning (IBP)

SAP Integrated Business Planning (IBP) is a powerful asset management software designed to assist companies in forecasting and planning. With its comprehensive suite of features, IBP enables businesses to optimize their asset management processes and make informed decisions for improved performance.

Key Features of SAP IBP

• Sales Forecasting: SAP IBP offers advanced sales forecasting capabilities, allowing businesses to accurately predict market demands and plan their asset allocation accordingly.
• Customer Segmentation: The software provides customer segmentation tools, enabling businesses to analyze customer data and tailor their asset management strategies based on specific customer segments.
• Financial Planning: SAP IBP includes financial planning features, giving businesses the ability to align their asset management decisions with their budgetary goals and projections.
• Advanced Analytics and Insights: The software offers robust analytics and reporting capabilities, empowering businesses with valuable insights into their asset performance, trends, and areas for improvement.

Pricing of SAP IBP

SAP IBP offers different pricing options based on the specific needs and requirements of businesses. The standard pricing starts at $2,518 per monthly unit, providing businesses with access to essential asset management features. For more advanced functionalities and customization, the enterprise and custom pricing plans are available upon contacting the sales team.

With SAP IBP, businesses can effectively streamline their asset management processes, optimize resource allocation, and make data-driven decisions for sustainable growth and success.

HubSpot

HubSpot is a powerful marketing, sales, and customer service platform that offers comprehensive asset management features. Whether you need to track physical assets, digital content, or intellectual property, HubSpot’s asset management software has got you covered. With its user-friendly interface and robust capabilities, HubSpot enables businesses to efficiently manage their assets and maximize their value.

Key Features of HubSpot Asset Management Software:

• Custom forecasting models: HubSpot’s asset management software allows you to create personalized forecasting models that align with your business goals and objectives. These models provide valuable insights into future asset performance and can help you make strategic decisions.
• Real-time analytics and reporting: With HubSpot’s real-time analytics and reporting capabilities, you can track the performance of your assets and gain actionable insights. The software provides detailed reports and visualizations that make it easy to monitor asset utilization, ROI, and other key metrics.
• Workflow automation: HubSpot streamlines your asset management processes by automating repetitive tasks. From asset tracking to inventory management, the software automates various workflows, saving you time and reducing the risk of errors.
• Performance monitoring: HubSpot allows you to monitor the performance of your assets in real-time. You can set performance benchmarks, track progress, and identify areas for improvement. This feature helps you optimize asset utilization and identify potential issues before they impact your business.

HubSpot Software Pricing:

HubSpot offers three pricing plans for its software, catering to businesses of all sizes and budgets:

Note: Custom pricing is available for businesses with unique requirements.

With its robust features, intuitive interface, and flexible pricing options, HubSpot is an ideal choice for businesses looking to streamline their asset management processes and drive growth.

Workday Adaptive Planning

Workday Adaptive Planning is a powerful asset management software that provides a comprehensive suite of features to help businesses with forecasting, budgeting, and modeling. With its user-friendly Excel-based interface, it offers a familiar and intuitive experience for users. Here are some key features of Workday Adaptive Planning:

• Budgeting and Reporting Capabilities: Workday Adaptive Planning allows you to create and manage budgets, track expenses, and generate detailed reports. With its robust reporting capabilities, you can easily analyze financial data and gain valuable insights to drive informed decision-making.
• Financial Models and Dashboards: The software provides pre-built financial models and interactive dashboards that enable you to visualize and analyze financial performance. These tools help you gain a holistic view of your assets and make strategic decisions to optimize resource allocation.
• Training and Support Services: Workday Adaptive Planning offers comprehensive training and support services to ensure a smooth implementation and efficient usage of the software. Their team of experts is available to provide guidance, answer questions, and help you maximize the value of the software.

Pricing for Workday Adaptive Planning starts at $15,000 per user. The software offers customizable plans tailored to your business needs and requirements. Whether you are a small business looking for basic asset management features or a larger enterprise in need of advanced forecasting capabilities, Workday Adaptive Planning has a solution for you.

Conclusion

In summary, the above-mentioned free asset management software options offer businesses the opportunity to efficiently track and manage their assets at no cost. Whether you choose Cube, Pipedrive, Gong.io, or Salesforce Sales Cloud, you have a range of solutions to cater to your specific business requirements. By implementing these software tools, you can enhance productivity, minimize expenses, and make well-informed decisions regarding your assets, leading to overall improved performance and success.

Effective asset management is crucial for businesses of all sizes. It allows you to optimize resource utilization, streamline processes, and maximize returns on investments. These free software options provide easy-to-use interfaces, automation features, and analytics capabilities to help you effectively manage your assets without straining your budget.

So, take advantage of the benefits offered by these free asset management software solutions and empower your business to thrive in today’s competitive landscape. Start exploring the features and functionalities of Cube, Pipedrive, Gong.io, and Salesforce Sales Cloud, and discover how these tools can revolutionize your asset management practices.