# Best Enterprise Asset Performance Management Software

  *By [Nathan Calabrese](https://research.g2.com/insights/author/nathan-calabrese)*

   Products classified in the overall Asset Performance Management category are similar in many regards and help companies of all sizes solve their business problems. However, enterprise business features, pricing, setup, and installation differ from businesses of other sizes, which is why we match buyers to the right Enterprise Business Asset Performance Management to fit their needs. Compare product ratings based on reviews from enterprise users or connect with one of G2's buying advisors to find the right solutions within the Enterprise Business Asset Performance Management category.

In addition to qualifying for inclusion in the Asset Performance Management Software category, to qualify for inclusion in the Enterprise Business Asset Performance Management Software category, a product must have at least 10 reviews left by a reviewer from an enterprise business.




  
## How Many Asset Performance Management Software Products Does G2 Track?
**Total Products under this Category:** 103

### Category Stats (May 2026)
- **Average Rating**: 4.36/5
- **New Reviews This Quarter**: 136
- **Buyer Segments**: Mid-Market 48% │ Small-Business 31% │ Enterprise 21%
- **Top Trending Product**: Octave Attune EAM (HxGN EAM) (+0.071)
*Last updated: May 18, 2026*

  
## How Does G2 Rank Asset Performance Management Software Products?

**Why You Can Trust G2's Software Rankings:**

- 30 Analysts and Data Experts
- 6,100+ Authentic Reviews
- 103+ Products
- Unbiased Rankings

G2's software rankings are built on verified user reviews, rigorous moderation, and a consistent research methodology maintained by a team of analysts and data experts. Each product is measured using the same transparent criteria, with no paid placement or vendor influence. While reviews reflect real user experiences, which can be subjective, they offer valuable insight into how software performs in the hands of professionals. Together, these inputs power the G2 Score, a standardized way to compare tools within every category.

  
  
  ## What Are the Top-Rated Asset Performance Management Software Products in 2026?
### 1. [GE Vernova APM](https://www.g2.com/products/ge-vernova-apm/reviews)
  GE Vernova Asset Performance Management (APM) is an advanced industrial software platform designed to assist organizations in monitoring, maintaining, and optimizing the performance of critical assets within energy and other asset-intensive sectors. By leveraging cutting-edge technologies such as Internet of Things (IoT) data, artificial intelligence (AI), machine learning (ML) analytics, and digital twin simulations, GE Vernova APM enables businesses to implement predictive maintenance strategies, minimize unplanned downtime, extend the lifespan of their assets, and enhance safety and compliance measures. The platform is particularly beneficial for a diverse range of industries, including energy production, manufacturing, and utilities, where asset reliability is paramount. Organizations that rely heavily on machinery and equipment can utilize GE Vernova APM to gain real-time insights into asset performance, facilitating informed decision-making and proactive management. This capability is essential for companies aiming to optimize their operations while navigating the complexities of regulatory compliance and sustainability initiatives. GE Vernova APM features a modular suite of applications that encompass various aspects of asset management, including asset health monitoring, reliability assessments, performance intelligence, strategy management, integrity checks, and inspections. This comprehensive approach allows users to tailor the platform to their specific needs, whether they require on-premises deployment or prefer the flexibility of cloud-based solutions through APM Essentials. Furthermore, the platform seamlessly integrates with existing IT and operational technology (OT) systems, such as Enterprise Asset Management (EAM), Computerized Maintenance Management Systems (CMMS), and Supervisory Control and Data Acquisition (SCADA) systems. One of the key benefits of using GE Vernova APM is its ability to significantly lower operating costs while enhancing asset availability. By implementing predictive maintenance techniques, organizations can identify potential issues before they escalate into costly failures, thereby reducing maintenance expenses and downtime. Additionally, the platform supports companies in meeting regulatory requirements and sustainability goals by improving operational efficiency and minimizing emissions, aligning with the growing emphasis on environmental responsibility in industrial operations. Overall, GE Vernova APM stands out as a robust solution for organizations seeking to enhance their asset management practices. Its integration of IoT, AI, and digital twins not only provides actionable insights but also empowers businesses to make data-driven decisions that lead to improved performance and long-term asset sustainability.


  **Average Rating:** 4.4/5.0
  **Total Reviews:** 62
**How Do G2 Users Rate GE Vernova APM?**

- **Forecasting:** 7.3/10 (Category avg: 8.4/10)
- **Performance:** 8.5/10 (Category avg: 8.5/10)
- **Has the product been a good partner in doing business?:** 7.9/10 (Category avg: 8.8/10)
- **Reliability:** 8.0/10 (Category avg: 8.8/10)

**Who Is the Company Behind GE Vernova APM?**

- **Seller:** [GE Vernova](https://www.g2.com/sellers/ge-vernova)
- **Company Website:** https://www.gevernova.com/
- **HQ Location:** Cambridge, MA
- **LinkedIn® Page:** https://www.linkedin.com/showcase/gevernova-power-software/ (1 employees on LinkedIn®)
- **Ownership:** NYSE:GEV

**Who Uses This Product?**
  - **Top Industries:** Oil & Energy, Chemicals
  - **Company Size:** 42% Enterprise, 34% Mid-Market


#### What Are GE Vernova APM's Pros and Cons?

**Pros:**

- Data Management (12 reviews)
- Customer Support (11 reviews)
- Ease of Use (11 reviews)
- Asset Management (9 reviews)
- Features (9 reviews)

**Cons:**

- Poor Support (10 reviews)
- Poor Customer Support (9 reviews)
- Difficult Learning (7 reviews)
- Data Management Issues (6 reviews)
- Learning Curve (6 reviews)

### 2. [IBM Maximo Application Suite](https://www.g2.com/products/ibm-maximo-application-suite/reviews)
  IBM Maximo Application Suite is an integrated asset lifecycle management platform that enables you to keep critical assets running, reduce downtime, and optimize maintenance throughout the entire asset lifecycle - all in one place. It uses AI, IoT, and analytics to bring together enterprise asset management (EAM), asset performance management (APM), reliability-centered maintenance (RCM) strategies, and key mobiile tools for technicians, allowing you to improve compliance, cut costs, and deliver faster ROI with enterprise-grade security across industries. IBM Maximo Application Suite is an easy-to-adopt solution with flexible deployment options, includiing on-premises, software as a service (SaaS), and as a coud-based service available on AWS Marketplace. For more information about Maximo Application Suite packages and pricing, check our website https://www.ibm.com/products/maximo/pricing


  **Average Rating:** 4.4/5.0
  **Total Reviews:** 550
**How Do G2 Users Rate IBM Maximo Application Suite?**

- **Forecasting:** 8.9/10 (Category avg: 8.4/10)
- **Performance:** 9.0/10 (Category avg: 8.5/10)
- **Has the product been a good partner in doing business?:** 8.4/10 (Category avg: 8.8/10)
- **Reliability:** 9.1/10 (Category avg: 8.8/10)

**Who Is the Company Behind IBM Maximo Application Suite?**

- **Seller:** [IBM](https://www.g2.com/sellers/ibm)
- **Company Website:** https://www.ibm.com
- **Year Founded:** 1911
- **HQ Location:** Armonk, New York, United States
- **Twitter:** @IBMSecurity (74,796 Twitter followers)
- **LinkedIn® Page:** https://www.linkedin.com/company/1009/ (324,553 employees on LinkedIn®)

**Who Uses This Product?**
  - **Who Uses This:** Software Engineer, Analyst
  - **Top Industries:** Oil & Energy, Information Technology and Services
  - **Company Size:** 45% Enterprise, 29% Mid-Market


#### What Are IBM Maximo Application Suite's Pros and Cons?

**Pros:**

- Ease of Use (36 reviews)
- Asset Management (33 reviews)
- Efficiency (16 reviews)
- Integration Capability (16 reviews)
- Data Management (15 reviews)

**Cons:**

- Complexity (25 reviews)
- Complex Setup (16 reviews)
- Difficult Learning (15 reviews)
- System Complexity (14 reviews)
- Difficult Setup (13 reviews)

### 3. [MaintainX](https://www.g2.com/products/maintainx/reviews)
  MaintainX is an AI-powered, mobile-first maintenance and asset management platform built for the new industrial workforce. It empowers frontline teams to manage maintenance, assets, parts inventory, and purchase orders more efficiently, reducing unplanned downtime and boosting operational efficiency. MaintainX manages over 50 million work orders across 10 million assets. It’s used by hundreds of thousands of workers globally, and serves some of the world’s largest enterprises, including Univar, Cintas, Michaels, Duracell, Titan America, Dollar General, Magna, and many more. The MaintainX platform leverages AI and IT/OT connections to create a unified and accessible record of asset and work data, providing real-time insights that drive proactive maintenance and operational excellence for 13,000+ customers. By combining intuitive design, enterprise scalability, and AI-driven workflows, MaintainX enables customers to achieve measurable results: 32% reduction in unplanned downtime 34% reduction in parts inventory costs 38% increase in equipment uptime 53% increase in work order completion \*Averages reported by MaintainX customers, 2026. To learn more, visit www.getmaintainx.com.


  **Average Rating:** 4.8/5.0
  **Total Reviews:** 1,498
**How Do G2 Users Rate MaintainX?**

- **Forecasting:** 8.4/10 (Category avg: 8.4/10)
- **Performance:** 8.9/10 (Category avg: 8.5/10)
- **Has the product been a good partner in doing business?:** 9.6/10 (Category avg: 8.8/10)
- **Reliability:** 9.2/10 (Category avg: 8.8/10)

**Who Is the Company Behind MaintainX?**

- **Seller:** [MaintainX](https://www.g2.com/sellers/maintainx)
- **Company Website:** https://www.getmaintainx.com
- **Year Founded:** 2018
- **HQ Location:** San Francisco, California
- **Twitter:** @maintainx (860 Twitter followers)
- **LinkedIn® Page:** https://www.linkedin.com/company/18762446/ (889 employees on LinkedIn®)

**Who Uses This Product?**
  - **Who Uses This:** Maintenance Manager, Facilities Manager
  - **Top Industries:** Manufacturing, Facilities Services
  - **Company Size:** 50% Mid-Market, 42% Small-Business


#### What Are MaintainX's Pros and Cons?

**Pros:**

- Ease of Use (611 reviews)
- Customer Support (289 reviews)
- Work Orders (246 reviews)
- Features (225 reviews)
- Intuitive (213 reviews)

**Cons:**

- Missing Features (127 reviews)
- Work Order Issues (90 reviews)
- Limited Features (74 reviews)
- Limited Customization (71 reviews)
- Work Order Management (63 reviews)

### 4. [Fiix CMMS](https://www.g2.com/products/fiix-cmms/reviews)
  Fiix CMMS by Rockwell Automation is a premier, cloud-based maintenance management platform designed to help organizations plan, track, and optimize maintenance work. It combines asset, work order, scheduling, and parts management tools all in one place, providing a consumer-grade experience on both desktop and mobile. The Fiix CMMS mobile app empowers maintenance technicians to access work orders, view asset information, and update parts records in real time from anywhere— even offline. Advanced features like AI-powered analytics dashboards generate insights to help teams understand performance, costs, and KPIs to support better decision-making. And a highly open API integrates the CMMS with business, ERP, and operational systems to keep data synced. Most recently, Fiix has partnered with FactoryTalk Optix to make hardware integrations and condition-based maintenance accessible for the average team. Fiix CMMS also boasts numerous quality-of-life tools for maintenance departments, such as a comprehensive Audit Trail feature that makes standards compliance easier. Founded in 2008 in Toronto, Canada by a team of former maintenance professionals, Fiix CMMS was built from the ground up with a “by maintenance, for maintenance” philosophy. Its founders strongly believed that maintenance teams need their own dedicated digital tools, and spreadsheets or borrowed ERPs won’t cut it. The company’s focus on in-house maintenance expertise continues to this day, with over 400 years of industry experience on staff. A core belief is that partnership is just as important as product. In 2020, Fiix was acquired by Rockwell Automation, the world’s largest company dedicated to industrial automation, bringing over 120 years of tech leadership and new resources to the growing CMMS platform. No matter where you are in your maintenance journey, from beginner to advanced, Fiix CMMS provides tools to facilitate and transform operations. Over 4,200 companies use Fiix CMMS to increase uptime, reduce costs, and plan maintenance based on real data instead of guesswork. Find out more at www.fiixsoftware.com.


  **Average Rating:** 4.6/5.0
  **Total Reviews:** 471
**How Do G2 Users Rate Fiix CMMS?**

- **Forecasting:** 8.4/10 (Category avg: 8.4/10)
- **Performance:** 8.9/10 (Category avg: 8.5/10)
- **Has the product been a good partner in doing business?:** 9.2/10 (Category avg: 8.8/10)
- **Reliability:** 9.2/10 (Category avg: 8.8/10)

**Who Is the Company Behind Fiix CMMS?**

- **Seller:** [Rockwell Automation](https://www.g2.com/sellers/rockwell-automation-da78dc32-f4d9-4343-b833-8c78bb1bf839)
- **Company Website:** https://www.rockwellautomation.com/
- **Year Founded:** 1903
- **HQ Location:** Milwaukee, WI
- **Twitter:** @ROKAutomation (44,378 Twitter followers)
- **LinkedIn® Page:** https://www.linkedin.com/company/2498/ (21,893 employees on LinkedIn®)

**Who Uses This Product?**
  - **Who Uses This:** Tech Consultant, SSE
  - **Top Industries:** Manufacturing, Computer Software
  - **Company Size:** 58% Mid-Market, 27% Small-Business


#### What Are Fiix CMMS's Pros and Cons?

**Pros:**

- Ease of Use (54 reviews)
- Customer Support (21 reviews)
- Work Orders (20 reviews)
- Data Management (18 reviews)
- Work Orders Management (18 reviews)

**Cons:**

- Work Order Issues (13 reviews)
- Data Management Issues (9 reviews)
- Feature Limitations (9 reviews)
- Limited Customization (7 reviews)
- Missing Features (7 reviews)

### 5. [eMaint](https://www.g2.com/products/emaint/reviews)
  eMaint is a configurable, enterprise-scale Computerized Maintenance Management System (CMMS) and Enterprise Asset Management (EAM) solution designed to assist organizations in standardizing maintenance practices across multiple sites. Its primary focus is to enhance operational uptime and maintain audit readiness without disrupting the workflow of technicians. By providing a centralized platform, eMaint ensures that maintenance processes are streamlined and efficient, catering to the specific needs of diverse industries. Targeted at multi-site operations, eMaint addresses the common challenge of data silos that can hinder effective maintenance management. The platform enforces governance and facilitates consistent processes and reporting across global facilities while still allowing for local flexibility. This adaptability makes eMaint suitable for various sectors, including regulated industries such as life sciences, automotive, oil and gas, energy, and food and beverage, where compliance and traceability are paramount. With features like built-in audit trails, e-signatures compliant with 21 CFR Part 11, and validation support, eMaint enables teams to maintain continuous audit readiness and mitigate risks associated with non-compliance. One of the standout features of eMaint is its ability to adapt to real-world maintenance processes. The platform offers configurable workflows, mobile tools, and role-based dashboards, which contribute to strong technician adoption and precise data capture. This flexibility allows organizations to tailor the system to their specific operational needs, ensuring that maintenance activities are conducted efficiently and effectively. The user-friendly interface and mobile capabilities empower technicians to access vital information and complete tasks on the go, further enhancing productivity. Additionally, eMaint is backed by Fluke and Fortive, providing users with an open and connected ecosystem that integrates seamlessly with ERP, IoT, and other enterprise systems. This connectivity enables organizations to transition from reactive to proactive maintenance strategies, ultimately leading to improved asset reliability and performance. The combination of advanced technology, industry expertise, and ongoing support positions eMaint as a comprehensive solution for organizations looking to enhance their maintenance operations and scale reliability with confidence.


  **Average Rating:** 4.5/5.0
  **Total Reviews:** 271
**How Do G2 Users Rate eMaint?**

- **Forecasting:** 7.5/10 (Category avg: 8.4/10)
- **Performance:** 8.4/10 (Category avg: 8.5/10)
- **Has the product been a good partner in doing business?:** 9.1/10 (Category avg: 8.8/10)
- **Reliability:** 8.4/10 (Category avg: 8.8/10)

**Who Is the Company Behind eMaint?**

- **Seller:** [Fluke Corporation](https://www.g2.com/sellers/fluke-corporation)
- **Company Website:** https://www.fluke.com/
- **Year Founded:** 1948
- **HQ Location:** Everett, WA
- **Twitter:** @emaintCMMS (1,283 Twitter followers)
- **LinkedIn® Page:** https://www.linkedin.com/company/fluke-corporation/ (3,249 employees on LinkedIn®)

**Who Uses This Product?**
  - **Who Uses This:** Maintenance Manager, Facilities Manager
  - **Top Industries:** Manufacturing, Food Production
  - **Company Size:** 51% Mid-Market, 25% Small-Business


#### What Are eMaint's Pros and Cons?

**Pros:**

- Ease of Use (35 reviews)
- Work Orders (26 reviews)
- Customizability (23 reviews)
- Customization (23 reviews)
- Data Management (23 reviews)

**Cons:**

- Feature Limitations (15 reviews)
- Missing Features (14 reviews)
- Limited Features (13 reviews)
- Complexity (12 reviews)
- Not User-Friendly (12 reviews)

### 6. [Limble](https://www.g2.com/products/limble/reviews)
  Limble is a mobile-first CMMS (Computerized Maintenance Management System) that helps teams take control of their maintenance operations, no paperwork, no chaos, no guesswork. From preventive maintenance to spare parts inventory, Limble gives maintenance teams the clarity and control they need to get more done, with less stress. Trusted by over 50,000 maintenance professionals at companies like Nike, Sony, Mitsubishi, General Mills, and Unilever, and recipient of 40+ G2 Winter 2026 awards, like Easiest To Do Business With and Best Usability. Limble helps you: Eliminate 100% of your paper clutter with a fully mobile experience Boost team productivity by 41% with smart task scheduling and prioritization Cut equipment downtime by 37% with preventive and predictive maintenance Reduce spare parts costs by 29% with built-in inventory management Extend asset lifespan by 23% using powerful EAM capabilities Key Features: Work Request Portal Automated Preventive & Predictive Maintenance Interactive SOP Checklists Mobile Work Order Management Asset & Spare Parts Tracking Purchasing & Vendor Management Custom Dashboards & Reports 24/7 Tech Support with a Dedicated Rep


  **Average Rating:** 4.8/5.0
  **Total Reviews:** 677
**How Do G2 Users Rate Limble?**

- **Forecasting:** 8.3/10 (Category avg: 8.4/10)
- **Performance:** 9.2/10 (Category avg: 8.5/10)
- **Has the product been a good partner in doing business?:** 9.8/10 (Category avg: 8.8/10)
- **Reliability:** 9.3/10 (Category avg: 8.8/10)

**Who Is the Company Behind Limble?**

- **Seller:** [Limble](https://www.g2.com/sellers/limble)
- **Company Website:** https://limble.com/
- **Year Founded:** 2015
- **HQ Location:** Lehi, UT
- **Twitter:** @LimbleCMMS (461 Twitter followers)
- **LinkedIn® Page:** https://www.linkedin.com/company/limble-cmms/ (227 employees on LinkedIn®)

**Who Uses This Product?**
  - **Who Uses This:** Maintenance Manager, Maintenance Supervisor
  - **Top Industries:** Manufacturing, Food Production
  - **Company Size:** 57% Mid-Market, 30% Small-Business


#### What Are Limble's Pros and Cons?

**Pros:**

- Ease of Use (177 reviews)
- Customer Support (94 reviews)
- Implementation Ease (73 reviews)
- Intuitive (66 reviews)
- Efficiency (57 reviews)

**Cons:**

- Missing Features (25 reviews)
- Feature Limitations (22 reviews)
- Limited Customization (21 reviews)
- Learning Curve (20 reviews)
- Data Management Issues (19 reviews)

### 7. [Fracttal One](https://www.g2.com/products/fracttal-one/reviews)
  🥇 𝗧𝗵𝗲 𝗮𝗹𝗹-𝗶𝗻-𝗼𝗻𝗲 𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻 𝗳𝗼𝗿 𝘆𝗼𝘂𝗿 𝗺𝗮𝗶𝗻𝘁𝗲𝗻𝗮𝗻𝗰𝗲 𝗺𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁⁣ We create a tailored solution to meet your challenges and needs by combining our Fracttal One software with AI, IoT, integrations, and automations — so you only pay for what you truly need.⁣ ⁣ 𝗧𝘂𝗿𝗻 𝗺𝗮𝗶𝗻𝘁𝗲𝗻𝗮𝗻𝗰𝗲 𝗶𝗻𝘁𝗼 𝗮 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗮𝗱𝘃𝗮𝗻𝘁𝗮𝗴𝗲:⁣ 🔹 Centralize information to improve collaboration across departments and third parties⁣ 🔹 Seamlessly integrate with your current business systems: ERP, MES, BMS, SCADA, and more⁣ 🔹 Digitize your data to ensure full traceability⁣ 🔹 Anticipate failures and extend the lifespan of your assets⁣ 🔹 Manage multiple locations, warehouses, and equipment from one place⁣ 🔹 Track KPIs and team performance in real time⁣ 🔹 Automate task scheduling and preventive alerts⁣ ⁣ ✅ Boost your company’s overall productivity and stay ahead of the competition⁣ ⁣ 𝘄𝗵𝗼 𝘂𝘀𝗲𝘀 𝗙𝗿𝗮𝗰𝘁𝘁𝗮𝗹 𝗢𝗻𝗲?⁣ Fracttal is designed for companies across a wide range of industries, including manufacturing, services, facility management, mining, transportation, hospitality, technology, education, healthcare, and energy


  **Average Rating:** 4.6/5.0
  **Total Reviews:** 534
**How Do G2 Users Rate Fracttal One?**

- **Forecasting:** 8.5/10 (Category avg: 8.4/10)
- **Performance:** 8.6/10 (Category avg: 8.5/10)
- **Has the product been a good partner in doing business?:** 8.9/10 (Category avg: 8.8/10)
- **Reliability:** 8.8/10 (Category avg: 8.8/10)

**Who Is the Company Behind Fracttal One?**

- **Seller:** [Fracttal](https://www.g2.com/sellers/fracttal)
- **Year Founded:** 2015
- **HQ Location:** Madrid, Comunidad de Madrid
- **Twitter:** @FracttalApp (38 Twitter followers)
- **LinkedIn® Page:** https://www.linkedin.com/company/3749275/ (239 employees on LinkedIn®)

**Who Uses This Product?**
  - **Who Uses This:** Supervisor de mantenimiento, Coordinador de mantenimiento
  - **Top Industries:** Mechanical or Industrial Engineering, Facilities Services
  - **Company Size:** 43% Small-Business, 43% Mid-Market


#### What Are Fracttal One's Pros and Cons?

**Pros:**

- Ease of Use (7 reviews)
- Data Management (5 reviews)
- Efficiency (4 reviews)
- Maintenance Management (4 reviews)
- Task Management (4 reviews)

**Cons:**

- Asset Management (3 reviews)
- Complexity (3 reviews)
- Complex Setup (3 reviews)
- Difficult Setup (3 reviews)
- Feature Limitations (3 reviews)


    ## What Is Asset Performance Management Software?
  [Asset Management  Software](https://www.g2.com/categories/asset-management)
  ## What Software Categories Are Similar to Asset Performance Management Software?
    - [CMMS Software](https://www.g2.com/categories/cmms)
    - [Enterprise Asset Management (EAM) Software](https://www.g2.com/categories/enterprise-asset-management-eam)
    - [Asset Tracking Software](https://www.g2.com/categories/asset-tracking)

  
---

## How Do You Choose the Right Asset Performance Management Software?

### What You Should Know About Asset Performance Management Software

### What is asset performance management (APM) software?

Asset performance management solutions help companies track the performance of fixed assets to optimize their use by providing a detailed view of asset performance, asset health, quality of product, and production. Companies use this type of software to extend the life of their fixed assets and to reduce the costs of maintenance. Asset performance management tools are mainly used by maintenance managers but can also be used by finance professionals to monitor fixed asset costs and ROI. This software is used to improve the availability and asset reliability while minimizing cost and risk.

APM can be delivered as part of an[enterprise asset management (EAM) software](https://www.g2.com/categories/enterprise-asset-management-eam) package or as a separate solution. Some business intelligence software providers also offer solutions customized for asset performance.

### Types of asset performance management solutions

APM solutions vary depending on how the product is sold and implemented, its features, and the software's delivery model.

#### **Standalone or part of EAM**

Asset performance management software can be implemented on its own or as part of EAM software, which enables businesses across multiple industries to acquire, manage, and analyze physical assets. Asset performance management software is sometimes integrated into EAM for asset-intensive industries such as manufacturing, construction, energy, and utilities. The primary users of EAM software are maintenance teams who leverage the software to identify issues and perform inspections or repairs.

#### **Cloud or on-premises**

Cloud-based asset performance management software doesn’t require additional hardware, is accessible from anywhere with an internet connection, and does not require an onsite support team. All of this information and support is hosted by a 3rd party which allows companies to pay on an as-needed basis and effectively scale up or down depending on overall usage, user requirements, and the growth of a company.

On-premises software, on the other hand, resides within an organization’s premises and sometimes requires a license to operate. There are also additional costs associated with managing and maintaining on-premises software, such as server hardware, integration capabilities, and IT employees on hand to support and manage potential issues that may arise.

#### **Agnostic or industry-specific**

Agnostic APM software can receive data in multiple formats or from multiple sources and effectively process the data. This software does not need to be hardcoded to deal with all different kinds of data and also allows users to change the fields and format quickly and easily without having to compile or hardcode programs.

Industry-specific asset performance management software is designed exclusively for asset-heavy industries and offers unique features that directly apply to the company using the software. Organizations use industry-specific software to avoid investing large amounts of money in developing or customizing a software solution that fits their specific needs. 

### What are the common features of APM tools?

The following are some core features within the best asset performance management software that can help users track and manage the asset lifecycle:

**Tracks the financial performance of fixed assets:** Accountants and financial analysts use APM software solutions to track the financial performance of fixed assets to achieve the fastest ROI possible. This is done by minimizing maintenance expenses, replacing non-performing assets, allocating assets to proper locations, and writing off assets that are at the end of their life.

**Provides standard KPIs to track asset performance:** Key performance indicators provide an analytical basis for companies using asset performance management software by assisting in decision-making and helping implement an effective asset strategy. Oftentimes, these KPIs can be broken up by production and maintenance and include metrics such as on-time delivery, production costs, uptime, reliability, and asset maintenance costs.

**Consolidates fixed**  **asset data from multiple sources** : Tracking performance relies on accurate and timely data gathered from all sources containing asset information. APM platforms consolidate asset data from CMMS, EAM, ERP, databases, and spreadsheets, as well as usage and condition monitoring information captured by intelligent sensors and [Supervisory Control and Data Acquisition (SCADA)](https://www.g2.com/categories/supervisory-control-and-data-acquisition-scada) systems.

**Optimizes asset performance** : Asset performance management software helps to optimize asset performance across departments such as operations, quality management, and maintenance and can improve waste, inefficiencies, and any other dysfunctional areas. Optimization in these areas can help improve customer satisfaction, revenue, margins, and inventory issues.

**Integrates with enterprise software** : Asset performance management systems integrate mostly with ERP and EAM solutions because ERP software helps align assets with the core functions of production and accounting, while EAM software helps companies further acquire, manage, and analyze physical assets.

### Benefits of asset performance management software

The main benefits of asset performance management software are:

**Reduce maintenance costs:** Asset performance management software can help reduce asset maintenance costs by generating maintenance reports for advanced analytics to identify non-performing assets (assets that are constantly down or underperforming) that need to be replaced by new ones. These reports can also assist in planning preventive maintenance of assets to reduce the chance of sudden and costly asset failures in the future.

**Decrease downtime:** Asset downtime, either planned or unplanned, interrupts daily operations, causes backups in production and ultimately costs the company money. Asset performance management software tracks asset usage and can help managers schedule routine maintenance so equipment failure and unplanned downtime can be minimized.

**Improve asset ROI and profitability:** When assets are managed correctly, they result in increased productivity and better return on investment (ROI) because maintenance expenses are decreased, and performance is optimized. ** ** Asset performance management software assists in managing these assets so the organization can fully benefit from the investments it made in them.

### Who uses APM software?

**Asset managers:** Asset managers use asset performance management software to optimize and streamline maintenance activities, such as preventive maintenance, inspections, and planned downtime, and to identify opportunities to optimize the performance of the critical assets used by the company.

**Operations:** Operations teams and managers use asset performance management software to optimize asset allocation based on department performance, such as production and logistics. With this software, they can move assets to where the company will get the greatest productivity out of each asset and achieve ROI faster. 

**Accountants:** Accountants use asset performance management software to track and analyze each asset's financial performance. This data is used to properly record depreciation, write off assets that are at the end of their life, minimize maintenance expenses, replace non-performing assets, allocate assets to proper locations, and achieve the fastest ROI possible.

### What are the alternatives to APM software?

Alternatives to asset performance management software can replace this type of software, either partially or completely:

[EAM software](https://www.g2.com/categories/enterprise-asset-management-eam): EAM software enables businesses across multiple industries to acquire, manage, and analyze physical assets. Using a holistic approach helps optimize management strategies by tracking the lifecycle of all company-owned assets. EAM software aims to control and measure asset performance, maintenance costs, and usage across the company. This software type is most beneficial to companies from asset-intensive industries such as manufacturing, construction, energy, and utilities. The primary users of EAM software are maintenance teams who leverage the software to identify issues and perform inspections or repairs.

[ERP systems](https://www.g2.com/categories/erp-systems): ERP systems are complete, integrated systems that manage all aspects of a production-based or distribution business. They align financial management, human resources, supply chain management, and manufacturing or distribution with the core function of accounting. ERP systems provide transparency into the entire business process by tracking all aspects of production or distribution, financials, and the back office.

### Software related to APM tools

Related solutions that can be used together with asset performance management solutions include:

[Predictive maintenance](https://www.g2.com/categories/predictive-maintenance) **:** Predictive maintenance software uses machine learning to help companies proactively identify issues that may harm their fixed assets. This type of software uses statistical process control principles and predictive analytics to determine the best time to perform maintenance. It’s also able to improve safety and lower the number of accidents caused by faulty equipment. Predictive maintenance is mostly beneficial to companies from asset-intensive industries such as manufacturing, utilities, oil and gas, and mining. Maintenance managers use this type of software to reduce downtime and optimize condition-based maintenance.

[Industrial IoT](https://www.g2.com/categories/industrial-iot) **: ** Industrial IoT software, or IIoT software, assists with configuring, managing, and monitoring the Internet of Things (IoT) devices used in manufacturing operations. Smart technology allows factory operators and workers to optimize resource usage, improve product quality, and automate certain routine tasks while generating valuable data across the operation. Industrial IoT solutions may include unique hardware or assets that are specially designed for use in these areas. In some cases, these IoT solutions sync with other connected devices that are preconfigured for IoT or that are connected using third-party sensors. IoT can also be used to create digital twins or virtual simulations of fixed assets that help companies estimate asset performance in multiple scenarios.

[Manufacturing execution system](https://www.g2.com/categories/manufacturing-execution-system) **:** Manufacturing execution system (MES) software is used by manufacturers to monitor the production process. Manufacturing companies benefit from MES by tracking real-time production data, which they can use to optimize the production output. An MES is used mostly by production managers, shop floor supervisors, and the employees involved in the production process. Managers and supervisors utilize MES to implement production plans, monitor efficiency, detect potential issues and implement corrective actions.

### Challenges with APM solutions

Asset performance management tools can come with its own set of challenges, the most important being:

**Complexity:** Asset performance management is not always easy to implement and maintain, mostly because it relies on data from other systems to provide optimal results. This means that any change to or replacement of ERP or EAM software can disrupt the data flow between asset performance management and these solutions. Replacing fixed assets may also require a reconfiguration of the asset performance management software, especially when it comes to intelligent equipment or robots.

**Market consolidation:** Asset performance management software tends to be acquired by ERP and EAM vendors, which aim to provide a complete solution for asset lifecycle management. Since these vendors usually incorporate asset performance management into their ERP and EAM offerings, it will be difficult for buyers to find standalone products. 

### Which companies should buy APM software?

**Asset-intensive companies:** Any company that requires heavy investments in assets to operate can benefit from asset performance management software. Some examples of industries that should use this technology are manufacturing, construction, retail, energy, or other utility companies. 

**Maintenance services providers:** Maintenance service providers can benefit from asset performance management software because they are responsible for services such as preventive maintenance, emergency repairs, scheduled servicing, component testing, and parts replacement. These services require extensive planning, coordination, and communication between the service provider and the company receiving the service, and asset performance management software can assist in handling these responsibilities.

### How to choose the best asset performance management software

#### Requirements Gathering (RFI/RFP) for Asset Performance Management Software

APM requirements can include standard features like consolidating fixed asset data, providing standard KPIs to track asset performance, and identifying trends and potential risks that may impact assets. Technical requirements include the delivery model (cloud or on-premises), mobile versions of the software, or integration with other systems such as ERP and EAM.

#### Compare Asset Performance Management Software Products

##### **Create a long list**

A long list should include all asset performance management products that have the core features for asset-heavy companies of all sizes, such as tracking the financial performance of fixed assets and delivering suggestions on how to improve asset utilization.

##### **Create a short list**

Next, buyers should research the long list of solutions further to create a short list. There is lots of research (articles and videos) and documentation that explains and reviews different products from different perspectives. Buyers should find research that caters to their industry. G2.com’s ‘Compare’ feature will help stack software side by side to compare specific features and learn how real users rate them.

##### **Conduct demos**

A demo should focus on the buyer's critical functionality, not on generic features provided by most asset performance solutions. Ideally, buyers should see how the system manages operations similar to theirs. Other factors to consider are the system's ease of use, its compatibility with existing hardware, or the ability to generate custom reports with advanced analytics. 

#### Selection of Asset Performance Management Software

##### **Choose a selection team**

The selection team includes asset managers and members of the operations and accounting teams that will use the software. Depending on the buyer's industry, other managers may be involved, such as production managers in manufacturing or project managers in professional services.

##### **Negotiation**

While price and incentives like discounts can be essential in negotiation, functionality should take precedence over cost. Software that doesn't cover the buyer's main requirements may be affordable, but the company may need to invest in additional technology. For example, if the solution does not provide EAM functionality, the buyer will have to buy separate software for EAM.

##### **Final decision**

Now that buyers know which software solution they want to purchase, they should ask for a trial run of the product to test how it will be implemented and adopted by their teams. If it is well integrated with existing technology and the teams receive it well, the buyer can be confident that they are purchasing the best asset performance management software for their needs. If not, they must go back to the drawing board.