6 min reading

2 July 2024

2 July 2024

10 Best Asset Tracking Software for Your Small Business Chosen by Our Expert with 20 Years of Experience

10 Best Asset Tracking Software for Your Small Business Chosen by Our Expert with 20 Years of Experience
10 Best Asset Tracking Software for Your Small Business Chosen by Our Expert with 20 Years of Experience

Finding the best asset tracking software for small business can become a challenge. You spend time looking at different options, reading reviews, and trying to find one that fits your needs. 

Finally, you decide to go with one and start using it. But soon, you realize that you meet one of the following problems:

  • Poor tracking accuracy.
  • Complicated user interface.
  • No customer support when you need it.

Why is this happening?

The market is flooded with asset tracking solutions, and it’s only getting bigger. The global asset tracking market size reached US$ 21.25 Billion in 2023 and is expected to grow to US$ 59.64 Billion in 2032. Impressive?

This is why making the right choice is becoming even more challenging. Effective asset tracking is very important for small businesses to ensure efficiency and avoid losses.

We understand this challenge at TEKTELIC. With our 20 years of experience, we’ve put together a list of the best asset tracking software available. In this blog post, we will help you choose the best asset tracking software so you don’t have to spend your valuable time searching, calling, and dealing with ineffective solutions.

We’ll cover 10 top software options that offer reliable performance and essential features for small businesses.

So, let’s find the best asset tracking software for your needs!


10 Best Asset Tracking Softwares for Small Businesses

1. TEKTELIC Locus Application

Locus is an asset tracking application that could help you to locate & track the most valuable assets in any environment. Today many companies already use Locus to manage their assets in offices, warehouses, retail, hospitals, and other industries.

Choosing TEKTELIC’s Locus application offers your small business a powerful and reliable asset tracking solution.

Let’s have a look why is that:

  • User-Friendly Interface: Locus provides an intuitive and easy-to-navigate interface. You could even upload your own office or warehouse’s floor plans and very easily add necessary trackers.
  • Real-Time Alerts and Alarms: Our application will send you notifications when assets are on the move, reducing the risk of misplaced items and downtime.
  • Geofencing and Region Assignment: You can assign regions to assets and apply geofences. This will help you to reduce input errors and filter assets by region.

TEKTELIC has been developing asset tracking solutions for over 20 years. Our commitment to quality means that our products are built to last and designed to meet the highest standards. 

For example, our devices are known for their durability in harsh environments and their high accuracy in tracking.

Locus RTLS Solution

Pros of TEKTELIC Asset Tracker Software:

  • Durability: Built to withstand harsh conditions.
  • High Accuracy: Provides precise location data.
  • Scalability: Grows with your business needs.
  • Easy Setup: Quick and seamless deployment.
  • Comprehensive Features: Real-time alerts, geofencing, user management, and more.

Cons of TEKTELIC Asset Tracker Software:

  • Initial Cost: Higher initial investment compared to some competitors.

LOCUS Real Time Location Application

Most Suitable For:

  • Hospitals
  • Retail Stores
  • High-Density Office Buildings
  • Warehouses
  • Manufacturing Facilities
  • Heavy Industrial Refineries
  • Multi-Building Campuses

Plans & Pricing

We are here to assist you in finding the ideal asset tracking solution for your business. For personalized consultation and further details, please fill out the contact form, and we’ll get back to you promptly with the best solution.

Best Asset Tracking Software

TEKTELIC Asset Tracking Software for Hospitals: Case Study 

The global healthcare asset management market was valued at USD 11,002.5 million in 2019 and is expected to grow to USD 215,133.5 million by 2032, showing a steady growth rate of 25.3% annually. This statistic highlights the increasing importance of efficient asset tracking solutions in healthcare.

Let’s review one of the latest deployments of TEKTELIC’s asset tracking solution at the hospital in Mauritius. The SPARROW sensor has been chosen for tracking valuable medical devices, such as MRI machines, surgical equipment, or wheelchairs.

Asset Tracker in Hospital

After several months of deployment, these are the key benefits that emerged from this hospital case study:

  • Improved Asset Visibility: Nurses at the Mauritius Hospital can track all critical medical equipment in real-time, reducing search times and enhancing operational efficiency. After deploying SPARROW, nurses simply open the Locus application to see where the medical equipment they need is located.
  • Enhanced Asset Utilization: Monitoring equipment usage patterns through the Locus application helps hospitals optimize asset allocation, minimizing downtime and improving resource management.
  • Cost Efficiency: Using the SPARROW sensor, hospitals reduce equipment loss and emergency replacements, resulting in significant cost savings.

Asset Tracker for Hospital SPARROW

Advantages of Locus Application for Hospitals:

  • Self-Setup for Quick, Seamless Deployment: Hospitals can set up the Locus application quickly and easily without extensive IT support, ensuring rapid deployment.
  • Real-Time Alerts: Hospital staff receive instant notifications when assets are moved or leave specific areas, ensuring security and asset protection.
  • Geofencing Features: Geofencing capabilities allow hospitals to define virtual boundaries. For example, if an asset moves to another floor or building section, staff receive alerts, ensuring assets remain within specified areas and enhancing workflow efficiency.
  • Integration with Existing Systems: Seamless integration with hospital management systems like SAP ensures smooth data flow and enhances overall operational coordination. This integration supports efficient asset management across the hospital’s infrastructure.

Tracking solution for hospitals

2. Asset Panda

Asset Panda is an asset management software that offers a customizable interface and a wide range of features. It supports barcode scanning, maintenance tracking, and mobile accessibility, making it a versatile tool for businesses of all sizes. 

Its user-friendly interface and robust reporting capabilities help businesses maintain accurate records and optimize asset usage.

Panda Asset Software

Pros of Asset Panda:

  • Customizable platform for diverse asset management needs.
  • Mobile app for on-the-go access and updates.
  • Integration with third-party systems for enhanced functionality.

Cons of Asset Panda:

  • Some users report a learning curve in setting up advanced features.
  • Pricing can be on the higher side for smaller businesses.

Plans & Pricing

This asset management software offers subscription-based pricing based on the assets number you would need to track. For detailed pricing information, please visit the pricing option page.

Most Suitable For

Asset Panda is suitable for businesses of all sizes looking for customizable asset tracking and management solutions with robust integration capabilities.

Discover the best asset tracking companies on the market.

3. UpKeep

UpKeep asset management software provides intuitive maintenance and asset management software designed for ease of use and mobile accessibility, suitable for small to medium-sized businesses.

UpKeep Software

Pros of UpKeep:

  • User-friendly interface with intuitive navigation.
  • Mobile accessibility for real-time updates from the field.
  • Maintenance management features integrated into asset tracking.

Cons of UpKeep:

  • Limited scalability for very large enterprises.
  • Some users may find advanced reporting options lacking.

Plans & Pricing

UpKeep asset management software offers tiered pricing plans based on feature sets and user counts. For specific pricing details, please visit their official pricing page.

Most Suitable For

UpKeep is ideal for maintenance teams and small to medium-sized businesses seeking integrated asset tracking and maintenance management solutions for:

  • Property Management
  • Hospitals
  • Farming & Agriculture
  • Restaurants.

4. Fiix

Fiix is an asset management software that helps businesses track and manage their assets, work orders, and inventory. 

It offers features like predictive maintenance, automated workflows, and integration with other business systems. 

Fiix aims to improve asset reliability and reduce downtime by providing businesses with the tools they need to manage their maintenance operations effectively.

Fix Software

Pros of Fiix:

  • Comprehensive maintenance management capabilities.
  • Integration with IoT devices for real-time data collection.
  • Strong reporting and analytics features.

Cons of Fiix:

  • Initial setup and customization may require technical expertise.
  • Higher cost compared to some competitors.

Plans & Pricing

Fiix asset management software offers subscription-based pricing tailored to different business sizes and needs. For the latest pricing information, please refer to their official website.

Most Suitable For

Fiix is well-suited for manufacturing and industrial businesses looking for robust maintenance and asset management solutions with IoT integration. Fits best for:

  • Oil & Gas
  • Heavy Equipment
  • Food Industry
  • Manufacturing.

5. EZOfficeInventory

EZOfficeInventory is an asset management software that focuses on ease of use and comprehensive tracking capabilities. 

It offers features like RFID integration, barcode scanning, and maintenance scheduling. 

The software is designed to help businesses streamline their asset management processes and reduce downtime by ensuring all assets are accounted for and properly maintained.

EZOfficeInventory Software

Pros of EZOfficeInventory:

  • Easy-to-use interface with customizable asset tracking.
  • Mobile app for barcode scanning and asset updates.
  • Integration capabilities with popular business applications.

Cons of EZOfficeInventory:

  • Advanced reporting options may be limited for complex data analysis.
  • Pricing structure may not be transparent for all features.

Plans & Pricing

EZOfficeInventory asset management software offers subscription plans based on features and user counts. Visit their official pricing page for detailed information.

Most Suitable For

EZOfficeInventory caters to businesses of all sizes needing straightforward asset tracking and management solutions with mobile capabilities:

  • Hospitals
  • Construction
  • Education
  • Emergency Management.

6. TrackAbout

TrackAbout is an asset management software that provides businesses with real-time visibility into their assets. It offers features like barcode scanning, GPS tracking, and detailed reporting. 

TrackAbout is designed to help businesses optimize their asset utilization and improve operational efficiency by providing accurate and up-to-date asset information.

TrackAbout software

Pros of TrackAbout:

  • Specialized in tracking high-value assets like cylinders and containers.
  • Customizable for specific industry needs.
  • Mobile app with offline capabilities for remote asset management.

Cons of TrackAbout:

  • Interface may require customization for broader asset management needs.
  • Integration options with other business systems may be limited.

Plans & Pricing

TrackAbout asset management software offers tailored pricing based on asset types and volume starting with the Basic package for $2500/year. Contact their sales team for specific pricing details.

Most Suitable For

TrackAbout asset management software is a good choice for industries managing high-value assets, such as gas and chemical cylinders, with a focus on customization and mobile accessibility.

7. Chekhra

Chekhra asset management software provides affordable asset tracking solutions with quick deployment and scalability, tailored for small businesses looking for straightforward management tools.

Chekhra asset management software

Pros of Chekhra:

  • Simple, user-friendly interface suitable for small businesses.
  • Affordable pricing plans with scalable features.
  • Quick setup and deployment for immediate use.

Cons of Chekhra:

  • May lack advanced features needed by larger enterprises.
  • Support options and resources for complex issues may be limited.

Plans & Pricing

Chekhra asset management software offers budget-friendly subscription plans. For pricing details, visit their official website.

Most Suitable For

Chekhra is best suited for small businesses looking for cost-effective asset tracking solutions without extensive customization needs. This asset management software best fits for:

  • Vehicle & Trailers
  • School Buses
  • Mining
  • Utility.

8. AssetWorks

AssetWorks asset management software offers industry-specific asset management solutions with advanced analytics and scalable features, catering to various enterprise needs.

AssetWorks asset management software

Pros of Asset Works:

  • Extensive experience and tailored solutions for various industries.
  • Advanced reporting and analytics capabilities.
  • Scalable solutions for both small businesses and large enterprises.

Cons of Asset Works:

  • Initial setup and integration may require specialized knowledge.
  • Higher cost compared to some competitors.

Plans & Pricing

AssetWorks asset management software provides customized pricing based on business size and requirements. Contact their sales team for detailed pricing information.

Most Suitable For

AssetWorks asset management software caters to industries needing robust asset management solutions with scalable features and comprehensive support. Fits best for:

  • Parks and Recreations
  • Education Facilities
  • Government Property Management.

9. Wasp Barcode

Wasp Barcode asset management software specializes in affordable asset tracking solutions integrated with barcode technology, suitable for SMBs requiring simple inventory management.

Wasp Barcode asset management software

Pros of Wasp Barcode:

  • Affordable asset tracking solutions with hardware options.
  • Easy setup and integration with barcode technology.
  • Inventory management features integrated with asset tracking.

Cons of Wasp Barcode:

  • May lack advanced features for complex asset management needs.
  • Support options and resources for customization may be limited.

Plans & Pricing

Wasp Barcode asset management software offers cost-effective pricing plans. For specific pricing details, please visit their official website.

Most Suitable For

Wasp Barcode is suitable for small to medium-sized businesses seeking straightforward asset tracking solutions with barcode integration. Fits best for:

  • Warehouse Management
  • Facility Management
  • Tool Tracking
  • Medical Supplies Management
  • Education Assets.

10. GoCodes

GoCodes asset management software provides a complete asset tracking solution using QR codes and mobile technology. It offers features like GPS tracking, maintenance scheduling, and customizable reports. 

GoCodes is designed to be easy to set up and use, making it an ideal solution for small businesses looking to improve their asset management processes.

GoCodes asset management software

Pros of GoCodes:

  • Cloud-based asset tracking with mobile app support.
  • QR code technology for easy asset identification.
  • Affordable pricing plans with no upfront hardware costs.

Cons of GoCodes:

  • Limited scalability for very large asset inventories.
  • Advanced reporting features may be less robust compared to competitors.

Plans & Pricing

GoCodes asset management software offers subscription plans based on features and asset volume. Visit their official website for the latest pricing information.

Most Suitable For

GoCodes asset management software caters to businesses looking for cost-effective cloud-based asset tracking solutions with QR code technology and mobile accessibility. Fits best for:

  • Tools and Equipment Tracking
  • Schools and Higher Education
  • Office IT Asset Tracking.

Best GPS Trackers for Equipment

How do I know when it’s time to replace my asset management software?

It’s time to replace your asset management software when:

  • Your current software can’t keep up with your business growth.
  • It doesn’t work well with your other business systems.
  • There are often technical problems or downtime.
  • The software is hard to use and slows down your work.
  • You need more advanced features like real-time updates and predictions.

How did we choose these asset tracking software for small businesses?

When choosing the best asset management software for small businesses, our focus was on finding solutions that meet everyday operational challenges. And at the same time it should improve efficiency and productivity.

We prioritized features that are important for small business owners and managers to simplify the asset management processes without deep technical knowledge:

  • Scalability and Flexibility – Each software offers scalability to grow with your business needs and flexible customization options.
  • User-Friendly Interface – Intuitive interfaces that enhance user adoption and efficiency.
  • Integration Capabilities – Seamless integration with existing ERP and management systems for streamlined operations.
  • Real-Time Tracking and Alerts – Advanced capabilities for real-time tracking of assets and proactive alerts.
  • Mobile Accessibility – Mobile-friendly platforms that enable on-the-go asset management and tracking.
  • Cost-Effectiveness – Affordable solutions without compromising on essential features and functionality.

6 Factors to Consider When Choosing a Small Business Asset Management System

When choosing the best asset management system for your small business, think about:

  • Ease of Use – Software that’s simple and doesn’t need much training.
  • Compatibility – Works with the systems you already have.
  • Flexibility – Can grow with your business and change as needed.
  • Customization – Can be adjusted to fit your specific needs.
  • Support – Good customer service and help when you need it.
  • Security – Keeps your data safe and protected.

These factors will help you choose the right asset management system that fits your business and helps you work better.

Choosing the right asset tracking software is key for small businesses. It helps maintain efficiency, reduce losses, and improve operations. With the right tools, you can keep track of your valuable physical assets, improve workflows, and make smart decisions based on real-time data.

We hope this article helps you make the right decision. If you’d like a consultation or want to learn more about TEKTELIC’s end-to-end asset tracking solutions, just fill out the contact form. Let’s talk and find the best solution for your needs!

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