Introduction
Enterprise asset management (EAM) software has become an essential tool for organizations to optimize the lifecycle of physical assets and reduce downtime. By digitizing maintenance activities and facilitating predictive maintenance, EAM solutions help improve asset utilization, lower repair costs, and maximize ROI. With the growth of IIoT and analytics, today’s EAM platforms offer advanced functionality for condition monitoring, remaining useful life predictions, and prescriptive maintenance. In this blog, we evaluate 15 leading EAM vendors to help readers identify the best software for their requirements.
Methods of Evaluation
To evaluate the top EAM software vendors, we considered several factors: functionality and platform coverage; deployment options; integration capabilities; analytics and predictive features; customer base and reputation; total cost of ownership; and other criteria like ease of use. We also analyzed third party metrics like the number of backlinks, organic traffic, and keyword search trends for each vendor to gauge real-world demand. Vendors that delivered comprehensive functionality, strong integration, advanced analytics, and demonstrated high customer adoption ranked highest in our assessment.
1. IBM Maximo
IBM Maximo is an enterprise asset management software developed and sold by IBM. As one of the original and leading EAM solutions in the market, IBM Maximo leverages IBM’s technology expertise to provide a highly scalable and reliable platform for managing complex asset-intensive operations.
Pros: Some key advantages of IBM Maximo include:
– Industry-leading reliability and scalability due to IBM’s expertise
– Wide range of asset management capabilities in a single solution including maintenance management, inventory, performance monitoring and more
– Strong analytics capabilities for predictive maintenance, asset optimization and decision making
Cons: A potential disadvantage is that IBM Maximo is an mature, full-fledged enterprise solution that may be overkill for some small to medium-sized businesses with less complex asset management needs.
Pricing: IBM Maximo pricing varies based on deployment size and modules selected. It is typically available through an annual subscription licensing model. Contact IBM sales for a customized quote.
Some key stats about IBM Maximo include:
– Used by over 5,000 organizations globally across industries like manufacturing, utilities, oil & gas, transportation and more
– Supports the management of over 1 billion assets
– Backed by IBM’s expertise in asset management technologies with over 30+ years of experience
2. SAP EAM
SAP EAM is enterprise asset management software from German software giant SAP. As one of the largest and most reputed ERP vendors globally, SAP EAM leverages SAP’s strong brand reputation and extensive ecosystem. With over 46,000 customers globally, SAP EAM provides a comprehensive solution for managing physical assets and maintaining equipment across industries.
Pros: Some key advantages of SAP EAM include:
– Excellent integration with SAP’s ERP suite for holistic operations view
– Robust capabilities for managing complex equipment lifecycles
– Large customer base and wide functional coverage including maintenance management, compliance, procurement etc.
Cons: A key disadvantage of SAP EAM could be its expensive price tag. As an enterprise solution from a large ERP vendor, SAP EAM implementation and ongoing licensing costs tend to be on the higher side compared to other players.
Pricing: SAP EAM pricing depends on various factors like number of users, modules, industry, customizations etc. but ballpark figures include annual SaaS subscription starting from $50K and on-premise implementation licenses starting from $200K along with additional costs for support and annual maintenance.
Some key stats about SAP EAM include:
– Over 15,000 customers globally across industries like oil and gas, manufacturing, utilities etc.
– Supports management of over 1 billion assets
– Available on-premise or hosted on SAP HANA Enterprise Cloud
– Integrates with other SAP solutions like SAP S/4HANA, SAP ECC etc. for a unified view of operations
3. Emerson Asset Optimization
Emerson Asset Optimization is an enterprise asset management (EAM) software solution from Emerson aimed at helping organizations optimize asset performance and availability. The software leverages IIoT and analytics to help predict and prevent asset failures.
Pros: Some key advantages of Emerson Asset Optimization include:
– Strong IIoT and analytics capabilities to derive insights from connected assets
– Good integration with major industrial automation and control systems like DeltaV, Experion and PlantWeb
– Offers customizable predictive and prescriptive apps for specific asset types
– Affordable cloud-based SaaS option reduces upfront costs and IT burden
Cons: One potential disadvantage is that the customizable apps require specialist resources to configure which could increase costs for some users.
Pricing: Pricing for Emerson Asset Optimization depends on the deployment option and number of connected assets. The cloud-hosted SaaS version has per-asset pricing starting from $50 per month. An on-premise deployment has an upfront license fee plus annual maintenance and support costs.
Some key stats about Emerson Asset Optimization include:
– Used by over 10,000 facilities worldwide
– Supports over 150 asset types out of the box
– 99.9% upptime SLA for cloud hosted option
– Integrates with over 20 asset critical systems
4. Infor EAM
Infor EAM is an enterprise asset management software developed by Infor specifically for asset-intensive industries like manufacturing. It offers a comprehensive solution for managing maintenance, repair, and operations of physical assets throughout their lifecycle. Infor EAM helps optimize asset performance, reduce operational costs, and extend asset lifespan.
Pros: Some key advantages of Infor EAM include:
– Purpose-built for asset-intensive industries like manufacturing
– Flexible deployment options – on-premises, cloud, or hybrid
– Strong configuration, maintenance planning and materials management capabilities
– Robust integration capabilities with other Infor solutions as well as third party applications
Cons: One potential disadvantage is that since Infor EAM is tightly coupled with Infor’s ERP solutions, changing the underlying ERP could require significant customization efforts in EAM as well.
Pricing: Infor EAM pricing depends on factors like number of users, modules, customization, support etc. It is typically available via annual subscription/SaaS licensing model. For an average small to medium sized manufacturing plant, expect annual SaaS costs to start from around $50,000.
Some key stats about Infor EAM include:
– Used by over 5,000 customers globally across industries like automotive, aerospace, industrial equipment, etc.
– Supports over 30 languages and is deployed in over 100 countries
– Over 30 years of experience in developing EAM solutions
– Integrates with various ERP systems including Infor’s own ERP solutions
5. Ivanti Asset Management
Ivanti Asset Management is an enterprise asset management software from Ivanti that provides comprehensive asset lifecycle management. With Ivanti Asset Management, organizations can gain full visibility and control of all their physical and virtual IT assets from procurement to retirement. It helps IT departments optimize workflows, reduce costs and ensure compliance.
Pros: Ivanti Asset Management offers several advantages such as a robust core asset management solution, strong configurable risk and compliance modules, advanced analytics and KPI reporting, and seamless integration with major ERPs and ITSM tools.
Cons: One potential disadvantage is that the software requires dedicated implementation resources and may have a long implementation timeline depending on the scope of deployment.
Pricing: Ivanti Asset Management pricing is dependent on the number of assets under management and desired implementation services. Contact Ivanti sales for a custom quote.
Some key stats about Ivanti Asset Management include: currently managing over 1 billion assets for customers, supports over 5,000 configurations out-of-the-box, and implemented at more than 350,000 customer sites worldwide.
6. RealPage EAM
RealPage EAM is an enterprise asset management software developed by RealPage, Inc. RealPage EAM helps management companies, landlords and owners streamline maintenance operations and scheduling for multifamily and commercial real estate properties. The software provides a single platform to manage both real estate and infrastructure assets.
Pros: Some key advantages of RealPage EAM include:
– Integrated software solution that handles diverse real estate portfolio types and assets in one place
– Handles preventative maintenance, work orders, vendor management and budgets
– Suitable for large scale uses such as REITs, university campuses, and other complex property portfolios
Cons: A potential disadvantage is the software may have a steeper learning curve for teams just starting with enterprise-level asset management solutions.
Pricing: RealPage EAM pricing is customized based on portfolio size, asset types managed, and desired features and integrations. Contact RealPage or request a demo for specific pricing information.
Some key stats about RealPage EAM include:
– Used by over 20 million housing units globally
– Supports management of over 10 million assets
– Over 30 years of experience in property management software
– Integrates with other RealPage suite applications like RealPage Resident and RealPage Financials
7. IFS Applications
IFS Applications is a global enterprise software company recognized for developing and delivering solutions for asset-intensive industries. With customers in over 100 countries, IFS helps companies optimize operations and assets, plan maintenance, and enhance enterprise manufacturing and service management.
Pros: Some key advantages of IFS Applications solutions include:
– Strong EAM/ELM module within a full ERP platform
– Ability to customize solutions for highly regulated process industries
– Advanced analytics and optimization capabilities for predictive maintenance
– Robust project management integration for CAPEX planning
Cons: One potential disadvantage is a slightly higher upfront cost compared to some standalone EAM solutions due to it being a full ERP platform.
Pricing: IFS Applications offers perpetual and subscription licensing models. Perpetual licenses involve an upfront fee plus annual maintenance and support fees. Subscription pricing is based on user counts and modules, starting at around $150-200 per user per month.
Some key stats about IFS Applications include:
– Over 5000 customers worldwide
– Solutions used by 30 Fortune 100 industrial companies
– Over 40 years of experience in developing EAM/ELM solutions
– Implemented in industries like aerospace, defense, utilities, and oil and gas
8. Limble CMMS
Limble CMMS is an affordable cloud-native computerized maintenance management software (CMMS) solution. As a modern CMMS provider, Limble helps organizations maximize equipment uptime and lifespan through robust maintenance and repair tracking. Their software offers customizable forms and views along with strong reporting and analytics capabilities to support effective decision making.
Pros: Key advantages of Limble CMMS include its affordable cloud-native solution which provides value without big upfront costs. It also offers customizable forms and views to fit any organizations’ unique processes and needs. Limble’s robust analytics capabilities allow users to generate insightful reports and dashboards to track KPIs and identify areas for improvement.
Cons: One potential disadvantage is that the platform may not be as full-featured as some more expensive enterprise-grade CMMS options. It is best suited for small-to-medium sized businesses rather than the largest global enterprises with the most complex requirements.
Pricing: Limble CMMS pricing starts at $49 per user per month for the Standard plan (billed annually) which includes unlimited assets, work orders, and reports. The Professional tier begins at $79 per user per month and adds additional features like barcode scanning, purchase orders, and preventative maintenance scheduling. Both plans offer a free 14-day trial.
Some key stats about Limble CMMS include: used by over 5,000 customers globally across industries like manufacturing, facilities, education, and more. The platform offers native mobile apps for iOS and Android to enable access anytime, anywhere. Limble also prides itself on a strong customer support and implementation team to help new users get up and running quickly.
9. UpKeep
UpKeep is an enterprise asset management (EAM) software solution that helps organizations manage maintenance and assets. Founded in 2011, UpKeep is based in San Francisco and offers a cloud-native SaaS platform to streamline asset operations.
Pros: Some key advantages of UpKeep include: Affordable pricing for SMBs, Robust mobile app for inspections from the field, Strong partnerships for advanced connectivity to IoT devices and sensors, Intuitive interface that is easy for all teams to use.
Cons: A potential disadvantage is that it may not have as many advanced features as some higher-priced enterprise EAM software solutions, making it best suited for mid-sized businesses.
Pricing: UpKeep offers flexible pricing plans starting at $49 per user per month for the basic Standard plan. Pricing increases for the Professional and Enterprise plans which include additional features, assets, and support.
Some key stats about UpKeep include: Used by over 5,000 businesses worldwide, Manage over $1 billion in assets, Support 25+ languages and currencies, Proven to deliver up to 30% improvements in asset uptime and utilization.
10. Ramco EAM
Ramco EAM is an enterprise asset management software developed by Ramco Systems. Ramco EAM helps organizations manage their assets and maintenance processes across industries. The software provides a comprehensive and feature-rich EAM solution to optimize asset performance and productivity.
Pros: Some key advantages of Ramco EAM include:
– Feature-rich and highly configurable to support unique business processes and requirements
– Strong focus on mobility and remote asset management capabilities
– Predictive analytics and optimization capabilities to improve asset reliability and performance
– Affordable pricing making it suitable for mid-sized organizations
Cons: One potential disadvantage could be its subscription-based pricing model which requires ongoing costs compared to one-time licensed software.
Pricing: Ramco EAM pricing is subscription-based starting from $1500 per user per year. Volume-based discounts are available for large deployments. It also offers a free 30-day trial to explore the system.
Some key stats about Ramco EAM include:
– Used by over 600 organizations globally across various industries such as manufacturing, infrastructure, utilities, etc.
– Supports over 10,000 concurrent users
– Has delivered over 250 million work orders till date
11. Accruent Meridian
Accruent Meridian is an enterprise asset management (EAM) software offered by Accruent, a leading provider of real estate and facility management solutions. Meridian is a comprehensive CMMS/EAM platform that integrates capabilities for managing both physical assets and real property. Some key features include work order management, preventative maintenance, asset lifecycle tracking, inventory control, and spatial visualization of asset locations.
Pros: Some key advantages of Accruent Meridian include:Full-featured EAM/CMMS core functionality with capabilities for comprehensive asset lifecycle managementIntegrated real estate and facility management modules provide a unified platform for managing both physical and real property assetsModern and intuitive user interface enhances usability and improves user experienceConfigurable workflow automation and built-in Mobility Apps increase productivity for mobile workforcesStrong support for spatial visualization of asset and facility data on 3D/BIM floorplan maps
Cons: One potential disadvantage is that as a more full-featured enterprise solution, Meridian may provide more capabilities than some smaller organizations require. The comprehensive functionality comes at a higher price point compared to some less robust CMMS options.
Pricing: Accruent Meridian is typically sold through an annual subscription licensing model. Pricing varies based on several factors like the number of assets/facilities managed, number of users, and which optional modules are included. For organizations with standard EAM/CMMS needs, annual fees may start around $50,000. Very large enterprise deployments integrating additional Accruent real estate or workplace solutions can have licensing in the six figures per year.
Some key stats about Accruent Meridian include:Used by over 4,000 organizations worldwide to manage over $500 billion in assetsSupports over 25 different asset types including vehicles, equipment, furniture, IT assets, and real propertyIntegrates with over 40 other systems like ERP, CAFM, and space managementCan support organizations with tens of thousands of assets and millions of square feet of managed facilities
12. Fiix
Fiix is an AI-powered enterprise asset management (EAM) software that helps organizations effectively manage maintenance and optimize asset performance. Founded in 2013, Fiix provides a cloud-based platform to plan, track, and analyze asset maintenance.
Pros: Some key advantages of Fiix include:
– Innovative capabilities like mixed reality, IoT and predictive AI
– Focus on mobile-first experience for field technicians
– Unique self-healing algorithms for streamlined operations
Cons: A potential disadvantage is that the advanced AI and data capabilities require meaningful historical asset and condition data to be truly effective.
Pricing: Fiix offers flexible pricing plans including perpetual licensing and SaaS subscriptions. Pricing is based on the number of assets, users, and required functionality. Contact Fiix for a custom quote.
Some key stats about Fiix include:
– Over 10,000 customers worldwide across industries like manufacturing, facilities management, oil & gas, utilities, and more
– Processes over 5 million work orders annually
– Integrates with over 200 systems including SAP, Oracle, and Shopify
13. Hexagon PPM eMaint
Hexagon PPM eMaint is an enterprise asset management (EAM) software solution from Hexagon, formerly known as the PPM division of Aveva. With over 30 years of experience in asset management, Hexagon PPM eMaint provides organizations with Asset Lifecycle Intelligence to optimize maintenance and operations.
Pros: Some key advantages of Hexagon PPM eMaint include: – Advanced asset strategy and analytics capabilities – Tight integration with engineering documentation – Comprehensive mobile functionality – Large EAM customer base to leverage for best practices and support
Cons: A potential disadvantage is that the software requires an enterprise commitment and ongoing subscription costs which may not be suitable for some smaller asset-intensive organizations.
Pricing: Hexagon PPM eMaint pricing is based on a software as a service (SaaS) subscription model starting at $150 per user per month for the Standard edition.
Some key stats about Hexagon PPM eMaint include: – Over 3,500 customers in over 50 countries – Manages over $1 trillion in assets – Integrates with over 30 computerized maintenance management systems (CMMS) and ERPs
14. AssetPanda
AssetPanda is an enterprise asset management software solution developed by the company of the same name. It is a cloud-native solution that provides robust capabilities for managing physical assets across various industries. Some key industries AssetPanda serves include facilities management, manufacturing, transportation, utilities and more.
Pros: Some key advantages of AssetPanda include:
– Affordable and easy to use cloud-native solution
– Robust capabilities on mobile devices for field technicians
– Strong vendor for small to midsize asset-intensive businesses
Cons: A potential disadvantage is that it may not be as fully-featured as some of the more expensive enterprise asset management solutions targeted towards very large organizations.
Pricing: AssetPanda offers flexible pricing plans tailored for organizations of different sizes. Pricing starts from $25 per user per month for its Standard plan for up to 3 users. It also offers Professional and Enterprise plans tailored for larger teams and more advanced requirements.
Some key stats about AssetPanda include:
– Manages over $500 billion in assets for more than 10,000 customers globally
– Processes over 10 million work orders annually through its platform
– More than 95% customer retention rate due its ease of use and cost effectiveness
15. EZOfficeInventory
EZOfficeInventory is an affordable and easy-to-use cloud-based asset management software. The software allows users to track, maintain and report on their equipment from anywhere, at any time through an intuitive web interface or mobile apps. EZOfficeInventory was founded in 2009 and is based in Denver, Colorado.
Pros: Some key advantages of EZOfficeInventory include:
– Affordable pricing even for very small asset portfolios
– Easy to use interface requiring no technical expertise
– Robust mobile apps allowing field techs to manage assets on the go
– Ability to integrate with popular accounting packages like QuickBooks
Cons: A potential disadvantage is that the more basic pricing tiers may lack some advanced features found in higher-priced competitors. However, for many small to medium-sized businesses the feature set is more than adequate.
Pricing: EZOfficeInventory offers several affordable pricing tiers to suit organizations of all sizes. The basic ‘Essentials’ plan starts from $19/month for up to 500 assets. Other tiers include ‘Standard’ and ‘Premium’ plans offering additional features and support for larger asset pools.
Some key stats about EZOfficeInventory include:
– Used by over 5,000 organizations worldwide
– Assets tracked for clients range from hundreds to hundreds of thousands
– Supported in over 15 languages
– Mobile apps available for both iOS and Android
Conclusion
While all the solutions evaluated offer robust EAM capabilities, some stand out for their depth of functionality, customer base, or innovative approaches. IBM Maximo, SAP EAM, and Infor EAM lead for proven scalability, rich features, and large installed bases. Emerson and Hexagon PPM provide advanced IIoT and analytics for predictive maintenance. Startups like Fiix and UpKeep push the boundaries of mobility, mixed reality, and AI. No matter the size or industry, this list covers the top EAM options to help organizations get assets under control and maximize outcomes in 2023 and beyond.