# Best Asset Performance Management Software - Page 4 *By [Nathan Calabrese](https://research.g2.com/insights/author/nathan-calabrese)* Asset performance management (APM) encompasses software tools designed to optimize essential operational assets, such as plants, equipment, and infrastructure, which are critical to a business’ success. Asset performance management helps companies track the performance of their fixed assets to optimize their use. Companies use asset performance management solutions to extend the life of their fixed assets and to reduce the costs of maintenance. Asset performance management is mainly used by maintenance managers, but can also be used by finance professionals to monitor fixed asset costs. Additionally, APM tools help businesses comply with regulatory requirements for asset inspection and maintenance. APM solutions use data capture, integration, visualization, and analytics to refine operations and schedule maintenance more effectively. By analyzing data, APM systems help determine the most impactful maintenance and inspection activities, improving the reliability of mission-critical assets. Asset performance management software 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](https://www.g2.com/categories/business-intelligence) providers also offer solutions customized for asset performance. To qualify for inclusion in the Asset Performance Management category, a product must: - Consolidate fixed assets data from multiple sources - Provide standard KPIs to track asset performance - Identify trends and potential risks that may impact assets - Deliver suggestions on how to improve asset utilization - Track the financial performance of fixed assets ## 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. ## Which Asset Performance Management Software Is Best for Your Use Case? - **Leader:** [MaintainX](https://www.g2.com/products/maintainx/reviews) - **Highest Performer:** [Tenna](https://www.g2.com/products/tenna/reviews) - **Easiest to Use:** [MaintainX](https://www.g2.com/products/maintainx/reviews) - **Top Trending:** [MaintainX](https://www.g2.com/products/maintainx/reviews) - **Best Free Software:** [IBM Maximo Application Suite](https://www.g2.com/products/ibm-maximo-application-suite/reviews) --- **Sponsored** ### eWorkOrders CMMS eWorkOrders CMMS is a powerful, affordable, and web-based Computerized Maintenance Management System (CMMS) that helps organizations streamline work orders, preventive maintenance, and asset management. Designed for maintenance teams of all sizes, eWorkOrders makes it simple to track assets, manage inventory, schedule maintenance, and generate detailed reports—all from any device, anywhere. Key features include: • Work Order Management – create, assign, and track tasks efficiently. • Preventive Maintenance (PMs) – plan and automate maintenance schedules. • Asset & Inventory Management – keep assets and spare parts organized. • Employee & Service Management – manage staff, contractors, and service requests. • Documentation & Meter Tracking – record vital maintenance data and readings. • GIS Tracking & Scheduling – optimize operations across multiple locations. • AI Assistant with Automatic Assignments, PM Recommendations, Work Orders Assist, Reporting & Help Assistant. No software installation or hardware purchase required. Upgrades and technical support are included, so you can be up and running in a single day. Discover why eWorkOrders is consistently one of the highest-rated CMMS solutions. Request a live demo today by calling us at 888-333-4617 and learn how it can reduce downtime, improve compliance, and enhance asset reliability [Visit website](https://www.g2.com/external_clickthroughs/record?secure%5Bad_program%5D=ppc&secure%5Bad_slot%5D=category_product_list&secure%5Bcategory_id%5D=1734&secure%5Bdisplayable_resource_id%5D=431&secure%5Bdisplayable_resource_type%5D=Category&secure%5Bmedium%5D=sponsored&secure%5Bplacement_reason%5D=neighbor_category&secure%5Bplacement_resource_ids%5D%5B%5D=663&secure%5Bplacement_resource_ids%5D%5B%5D=2498&secure%5Bplacement_resource_ids%5D%5B%5D=431&secure%5Bplacement_resource_ids%5D%5B%5D=336&secure%5Bprioritized%5D=false&secure%5Bproduct_id%5D=11966&secure%5Bresource_id%5D=1734&secure%5Bresource_type%5D=Category&secure%5Bsource_type%5D=category_page&secure%5Bsource_url%5D=https%3A%2F%2Fwww.g2.com%2Fcategories%2Fasset-performance-management%3Fpage%3D4&secure%5Btoken%5D=56736e513bbb888f1b749f803884135ca7d3fed51f94c72ca04cbfac8544cf8a&secure%5Burl%5D=https%3A%2F%2Feworkorders.com%2FLandingPages.asp&secure%5Burl_type%5D=product_website) --- ## What Are the Top-Rated Asset Performance Management Software Products in 2026? ### 1. [DigitizeFM](https://www.g2.com/products/digitizefm/reviews) DigitizeFM is all-in-one facility management software that streamlines maintenance workflows, asset tracking, and vendor coordination in a single easy to understand dashboard. Built for teams of any size, it automates routine tasks, centralizes data and delivers real-time insights so you can keep your buildings, equipment, and services running at highest efficiency. With mobile and web access, DigitizeFM empowers your staff to plan smarter and reduce operational downtime. Key Benefits: Automated Work Orders & Scheduling Real-Time Asset Monitoring & Reporting Vendor & Contract Management Mobile-First Field Service Empower your facilities to perform at their best—choose DigitizeFM for smart, seamless management that drives efficiency and growth. **Who Is the Company Behind DigitizeFM?** - **Seller:** [iPath Infotech](https://www.g2.com/sellers/ipath-infotech) - **Year Founded:** 2007 - **HQ Location:** Ahmedabad, IN - **Twitter:** @ipath_infotech (32 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/ipath-infotech/ (135 employees on LinkedIn®) ### 2. [Fusion Lihtc Software](https://www.g2.com/products/fusion-lihtc-software/reviews) Fusion is built to solve the real-world challenges of the LIHTC and affordable housing industry—not with generic tools, but with a purpose-built platform that brings together data, reporting, and compliance in one place. Whether you’re a developer, syndicator, or investor, Fusion delivers clear, tangible benefits designed for your specific workflows and priorities. Automate report generation, compliance tracking, and standardized calculations. Set recurring alerts once—stay ahead of recertifications, income/rent limits, and more. Reduce compliance risk with configurable alerts and templated reporting, ensuring deadlines and requirements are met across stakeholders. Free teams from manual manipulation of spreadsheets. Standardized outputs and automation unlock capacity to cover more assets. **Who Is the Company Behind Fusion Lihtc Software?** - **Seller:** [Fusion](https://www.g2.com/sellers/fusion) - **Year Founded:** 2023 - **HQ Location:** Hudson, OH USA - **LinkedIn® Page:** https://www.linkedin.com/company/fusionlihtc/ (32 employees on LinkedIn®) ### 3. [GISGRO](https://www.g2.com/products/gisgro/reviews) GISGRO is a smart and easy-to-use online platform for infrastructure management. With GISGRO infrastructure owners, managers or maintenance staff can easily access and log information such as repair work, technical maintenance or operational data in an easy to understand visual format. GISGRO digitalizes physical structures and enables efficient management of infrastructure for anyone, at any time and remotely from any place. Infrastructure management has never been this smooth.   GISGRO has been developed by VRT Finland to make better use of underutilized survey data. VRT Finland is the pioneer and expert in surveying of infrastructure such as harbors, bridges, dams and pipelines. More information: www.gisgro.com **Who Is the Company Behind GISGRO?** - **Seller:** [VRT Finland Oy](https://www.g2.com/sellers/vrt-finland-oy) - **HQ Location:** N/A - **LinkedIn® Page:** https://www.linkedin.com/company/No-Linkedin-Presence-Added-Intentionally-By-DataOps (1 employees on LinkedIn®) ### 4. [GoCodes Asset Tracking](https://www.g2.com/products/gocodes-asset-tracking/reviews) GoCodes Asset Tracking Software was built for trades! Use it to track your fleet, heavy equipment & hand tools with our people-friendly software and our Real Time GPS trackers, Bluetooth Beacons & RFID/NFC tags. Use GoCodes software to manage Vehicle Utilization, Driver Safety, Chain of Custody, Calibrations & Repairs and achieve operational success. Customizable QR code tags are included in your account. Upgrade to rugged metal tags sold at cost, or add powerful trackers to your account. Enjoy features like: Fast checkout on any device; Kitting; Equipment Utilization; Material & Document Management; Fixed Asset Accounting; Warranty Tracking; Analytics Report Designer. As well as free, unlimited customer service. We're trusted experts in the field. If you haven't seen us in action, trial us for free today & stop losing assets with GoCodes! **Average Rating:** 4.5/5.0 **Total Reviews:** 38 **How Do G2 Users Rate GoCodes Asset Tracking?** - **Has the product been a good partner in doing business?:** 9.3/10 (Category avg: 8.8/10) **Who Is the Company Behind GoCodes Asset Tracking?** - **Seller:** [GoCodes](https://www.g2.com/sellers/gocodes) - **Company Website:** https://gocodes.com/ - **Year Founded:** 2011 - **HQ Location:** Bloomington, Minnesota - **LinkedIn® Page:** https://www.linkedin.com/company/2431530/ (4 employees on LinkedIn®) **Who Uses This Product?** - **Top Industries:** Education Management - **Company Size:** 45% Small-Business, 42% Mid-Market #### What Are GoCodes Asset Tracking's Pros and Cons? **Pros:** - Ease of Use (6 reviews) - Organization (2 reviews) - Centralization (1 reviews) - Clarity (1 reviews) - Customizability (1 reviews) **Cons:** - Data Entry Issues (1 reviews) - Data Management (1 reviews) - Expensive (1 reviews) - Insufficient Information (1 reviews) - Inventory Management (1 reviews) ### 5. [Headlight Telesto](https://www.g2.com/products/headlight-telesto/reviews) Telesto™ is an advanced subterranean asset mapping solution developed by Headlight AI, designed to inspect and map underground infrastructure, particularly water and wastewater systems, even in GPS-denied and low-light environments. This integrated multi-sensor system combines LiDAR technology with high-definition imaging and artificial intelligence to deliver comprehensive 3D maps and condition assessments of subterranean assets. Key Features and Functionality: - Multi-Sensor Integration: Telesto™ utilizes a combination of LiDAR scanners and low-light cameras to capture detailed 3D point clouds and high-definition images, providing a holistic view of underground structures. - Artificial Intelligence Analysis: The system employs AI algorithms to detect and locate defects such as calcification and exposed aggregate, enhancing the accuracy and efficiency of condition assessments. - Automated Condition Reporting: Telesto™ automatically generates condition assessment reports, streamlining the reporting process and reducing manual labor. - Subterranean Deployment: Designed for versatility, Telesto™ can be mounted on robotic or floating platforms to survey both dry and flowing assets, capturing up to 2 kilometers of data per day. - Enhanced Safety: By minimizing the need for personnel entry into confined spaces like sewers and culverts, Telesto™ significantly improves worker safety during inspections. Primary Value and User Solutions: Telesto™ addresses critical challenges in underground infrastructure management by providing accurate, efficient, and safe inspection and mapping capabilities. Its ability to operate in GPS-denied and low-light conditions ensures comprehensive data collection where traditional methods fall short. The integration of AI-driven analysis and automated reporting reduces the time and cost associated with manual inspections, while the detailed 3D mapping supports predictive maintenance strategies. Ultimately, Telesto™ empowers utility companies, contractors, and infrastructure managers to make informed decisions, enhance operational efficiency, and ensure the longevity and safety of underground assets. **Who Is the Company Behind Headlight Telesto?** - **Seller:** [Headlight AI Limited](https://www.g2.com/sellers/headlight-ai-limited) - **Year Founded:** 2017 - **HQ Location:** London, GB - **LinkedIn® Page:** https://www.linkedin.com/company/headlightai (3 employees on LinkedIn®) ### 6. [IMS PEI (Pressure Equipment Integrity)](https://www.g2.com/products/ims-pei-pressure-equipment-integrity/reviews) IMS PEI is a Pressure Equipment Integrity cloud-based software. It helps prevent leaks and explosions by improving your asset availability through inspection planning. You don’t need to have an expensive inspection schedule to ensure the safety of your people and high asset availability. With IMS PEI, you will optimize your inspection schedules so that you can operate as safely and budget-friendly as possible. **Who Is the Company Behind IMS PEI (Pressure Equipment Integrity)?** - **Seller:** [Cenosco](https://www.g2.com/sellers/cenosco) - **Year Founded:** 2000 - **HQ Location:** The Hague, NL - **LinkedIn® Page:** https://www.linkedin.com/company/cenosco/ (143 employees on LinkedIn®) - **Phone:** +31 (0)70 383 00 23 ### 7. [Investigation Optimizer](https://www.g2.com/products/investigation-optimizer/reviews) Within the Nexus Global APM software suite, Investigation Optimizer allows organizations to investigate and develop corrective actions with immediate notifications to the action party. With unique features unlike any other tool in its class, Investigation Optimizer has the capability to directly relate the incident to an asset and quickly review any mitigations in place against its failure mode. **Who Is the Company Behind Investigation Optimizer?** - **Seller:** [Nexus Global](https://www.g2.com/sellers/nexus-global) - **Year Founded:** 1998 - **HQ Location:** Wake Forest, US - **Twitter:** @nexusglobalinc (154 Twitter followers) - **LinkedIn® Page:** http://www.linkedin.com/company/nexus-global-business-solutions-inc- (36 employees on LinkedIn®) ### 8. [iSite](https://www.g2.com/products/isite/reviews) iSite is a cloud-based CAFM (Computer-Aided Facilities Management) and CMMS (Computerized Maintenance Management System) used by multi-site organisations to manage property, facilities, and asset operations in one place. The company serves B2B customers across sectors including retail, financial services, non-profit, commercial real estate, healthcare, hospitality, public sector, construction, and facility management. iSite is designed to be scalable for small portfolios through to enterprise estates, with pricing typically aligned to properties, locations, or assets so organisations can match the platform to their footprint. The iSite platform combines planned preventative maintenance, reactive maintenance, asset and lifecycle management, property and lease records, supplier management, project tracking, document management, and reporting dashboards in a single system. Desktop, web portal, and mobile apps for onsite engineers and contractors keep all users working from the same live data. Engineers can receive work orders, scan assets, follow guided checklists, capture photos and documents, and complete jobs in real time, while helpdesk and facilities teams manage PPM schedules, SLAs, and approvals through configurable workflows and calendars. For users, the primary value of iSite is the ability to replace manual, spreadsheet-based processes with connected, auditable workflows and a single source of truth for properties, assets, and work. Customers use iSite to increase visibility of asset condition and risk, improve compliance with statutory tasks, reduce unplanned downtime, and control maintenance and supplier costs across their estate. Real-time dashboards and reports give leadership teams a clear view of performance, spend, backlog, and service levels, supporting better strategic decisions about investment, consolidation, and optimisation of the built environment. **Who Is the Company Behind iSite?** - **Seller:** [iSite](https://www.g2.com/sellers/isite) - **Year Founded:** 2004 - **HQ Location:** London, GB - **LinkedIn® Page:** https://www.linkedin.com/company/isiteinfo/ (14 employees on LinkedIn®) ### 9. [Ladderlogiq](https://www.g2.com/products/ladderlogiq/reviews) Go Real-time. Single integrated platform for monitoring, maintenance and much more on manufacturing assets. With Ladderlogiq, companies can eliminate manual record keeping of maintenance, schedule maintenance activity or disconnect of production planning with asset availability and focus on high value activities like RCA, OEE, Predictive maintenance, supply chain planning to optimize ROI on their manufacturing assets. We crunch complex data from multiple sources to discover hidden, actionable insights so you can focus on what matters most - Business. Ladderlogiq platform integrates seamlessly with 20+ machine protocols, various databases and enterprise systems. **Who Is the Company Behind Ladderlogiq?** - **Seller:** [Ladderlogiq](https://www.g2.com/sellers/ladderlogiq) - **HQ Location:** N/A - **LinkedIn® Page:** https://www.linkedin.com/company/No-Linkedin-Presence-Added-Intentionally-By-DataOps (1 employees on LinkedIn®) ### 10. [Makula](https://www.g2.com/products/makula/reviews) Makula is a purpose-built service operations platform for industrial manufacturers, OEMs, and factories. It offers three focused solutions: Field Service Platform: Designed for OEMs and equipment suppliers to manage installed base data, coordinate technician workflows, and deliver seamless after-sales support. Includes add-ons for branded customer portals and built-in AI tools to streamline documentation, ticketing, and team collaboration. CMMS Platform: Built for factories and industrial plants to manage internal maintenance. Plan and track work orders, reduce downtime with preventive maintenance, and keep critical machines running. Supports AI-assisted knowledge access and reporting. Enterprise Search (AI): A cross-platform search layer that connects service data, documents, tickets, and technical knowledge. This makes it easier for teams to find what they need instantly across systems. Makula replaces legacy tools and fragmented workflows with a modern, user-friendly interface built for real-world industrial needs. It connects field teams, service leaders, and customers in one shared environment. The result is faster service response, better uptime, and stronger customer relationships. Best for • OEMs, machinery builders, and industrial suppliers • Factories, plants, and maintenance teams • Field service, after-sales, and support operations Common Use Cases • Manage equipment across global installed base • Reduce service delays and missed site visits • Launch a customer portal with support visibility • Keep maintenance teams aligned and machines running • Find documents, history, and insights instantly with enterprise search Makula helps industrial teams stay organised, responsive, and ready without overcomplicating the tools they use every day. **Average Rating:** 4.5/5.0 **Total Reviews:** 10 **How Do G2 Users Rate Makula?** - **Has the product been a good partner in doing business?:** 8.3/10 (Category avg: 8.8/10) **Who Is the Company Behind Makula?** - **Seller:** [Makula Technology](https://www.g2.com/sellers/makula-technology) - **Year Founded:** 2021 - **HQ Location:** Berlin, DE - **LinkedIn® Page:** http://www.linkedin.com/company/makula-technology (28 employees on LinkedIn®) **Who Uses This Product?** - **Top Industries:** Machinery - **Company Size:** 60% Small-Business, 40% Mid-Market #### What Are Makula's Pros and Cons? **Pros:** - Customer Support (4 reviews) - Ease of Use (4 reviews) - Data Management (3 reviews) - Navigation Ease (3 reviews) - User-Friendly (3 reviews) **Cons:** - Improvement Needed (3 reviews) - Bug Issues (2 reviews) - Data Management Issues (2 reviews) - Limited Features (2 reviews) - Missing Features (2 reviews) ### 11. [Mobile Operator Rounds](https://www.g2.com/products/mobile-operator-rounds/reviews) Mobile Operator Rounds for SAP enables plant operators and field technicians to perform asset inspections, record measurement readings, report defects, create notifications, and update equipment & functional location from mobile devices. The application supports both offline and online modes of operation and data is automatically synchronized with SAP and other third-party systems when connectivity is available. **Average Rating:** 5.0/5.0 **Total Reviews:** 1 **How Do G2 Users Rate Mobile Operator Rounds?** - **Has the product been a good partner in doing business?:** 10.0/10 (Category avg: 8.8/10) **Who Is the Company Behind Mobile Operator Rounds?** - **Seller:** [Unvired](https://www.g2.com/sellers/unvired-497c22b2-3d00-4fc7-884c-55f7a70d888e) - **HQ Location:** Houston, US - **Twitter:** @unvired (658 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/unvired-inc/ (57 employees on LinkedIn®) - **Phone:** +1 713 560 2760 **Who Uses This Product?** - **Company Size:** 100% Enterprise ### 12. [Nanoprecise](https://www.g2.com/products/nanoprecise-2025-03-24/reviews) Nanoprecise is an AI-powered predictive and prescriptive maintenance platform that transforms industrial maintenance from reactive guesswork into a proactive, value-driven strategy. Its trademarked Energy-Centered Maintenance (ECM) approach not only detects early-stage faults in rotating equipment but also provides actionable insights on energy consumption, equipment health, and root cause diagnostics—helping teams reduce downtime and optimize energy use across both critical and non-critical machinery. Designed for industrial environments, Nanoprecise offers: - 6-in-1 IIoT sensors that capture vibration, acoustics, temperature, humidity, magnetic flux, and RPM - AI and GenAI-driven diagnostics to prioritize actions and fix root causes, not just symptoms - Less than 1% false positives/negatives, enabling trusted, prescriptive insights - Cybersecure by design (SOC II Type II) Unlike traditional solutions that only focus on production-critical machines, Nanoprecise unlocks value across the full plant by identifying energy-saving opportunities on the 80–90% of “balance of plant” equipment often overlooked. Nanoprecise is leading the future of smart maintenance—where machines don’t just alert, explain what’s wrong, why it matters, and how to fix it. **Average Rating:** 4.3/5.0 **Total Reviews:** 3 **How Do G2 Users Rate Nanoprecise?** - **Has the product been a good partner in doing business?:** 8.3/10 (Category avg: 8.8/10) **Who Is the Company Behind Nanoprecise?** - **Seller:** [Nanoprecise Sci](https://www.g2.com/sellers/nanoprecise-sci) - **Year Founded:** 2017 - **HQ Location:** Edmonton, CA - **LinkedIn® Page:** http://www.linkedin.com/company/nanoprecise-sci-corp (137 employees on LinkedIn®) **Who Uses This Product?** - **Company Size:** 67% Mid-Market, 33% Enterprise #### What Are Nanoprecise's Pros and Cons? **Pros:** - Ease of Use (1 reviews) - Notifications (1 reviews) - Real-time Data (1 reviews) - Real-time Monitoring (1 reviews) - Real-time Tracking (1 reviews) **Cons:** - Technical Issues (2 reviews) - Complexity (1 reviews) ### 13. [Nextbitt](https://www.g2.com/products/nextbitt/reviews) Nextbitt is a cloud-native Enterprise Asset Management (EAM) and Computerized Maintenance Management System (CMMS) platform designed for organizations operating complex, distributed, and mission-critical asset environments across Europe. It enables companies to move from fragmented systems and reactive maintenance to a unified, data-driven operational model. The platform acts as a Corporate Intelligence Ecosystem, connecting assets, maintenance operations, field service execution, contractors, and sustainability data into a single, auditable environment. This approach provides full visibility and control across the entire asset lifecycle, from acquisition and commissioning to operation, intervention, and decommissioning, ensuring consistency across multi-site and multi-country operations. Nextbitt centralizes asset data, maintenance workflows, and service-level agreements (SLAs), allowing organizations to standardize processes and improve operational performance. With configurable workflows and real-time alerts, teams can proactively manage preventive, corrective, and condition-based maintenance while ensuring compliance with internal and regulatory requirements. Through IoT integrations and real-time monitoring, the platform enables predictive maintenance strategies based on asset condition, including variables such as energy consumption, temperature, and equipment behavior. This reduces unplanned downtime, extends asset lifespan, and improves resource allocation across operations. Field teams benefit from a mobile-first, offline-capable application that supports QR codes, NFC, RFID, and barcode scanning, ensuring accurate asset identification and execution traceability in the field. This is particularly relevant for industries with distributed operations such as utilities, transportation, healthcare, aviation, manufacturing, and retail. Nextbitt also integrates contractor and supplier management into the operational workflow, enabling external service providers to work within the same platform while maintaining SLA control, transparency, and cost tracking. Inventory and procurement modules ensure spare parts availability and alignment with financial systems such as ERP. In addition, Nextbitt incorporates energy and sustainability management capabilities, allowing organizations to monitor energy consumption, water usage, waste, and emissions in real time. This supports compliance with European frameworks such as CSRD and ESG reporting requirements, without the need for separate systems. Organizations using Nextbitt have achieved measurable improvements, including reductions in energy and water consumption of up to 20% and maintenance cost reductions of around 15%. The platform’s analytics layer consolidates operational, financial, and environmental KPIs into actionable insights, enabling benchmarking, root cause analysis, and long-term planning. By transforming maintenance and asset management into a strategic, data-driven function, Nextbitt helps organizations improve reliability, reduce operational costs, and ensure compliance at scale. With ISO 27001-certified security, modular deployment, and scalability across industries and geographies, Nextbitt is designed for organizations that require operational control, auditability, and continuous improvement in complex environments. **Who Is the Company Behind Nextbitt?** - **Seller:** [NextBitt Business Technologies S.A](https://www.g2.com/sellers/nextbitt-business-technologies-s-a) - **Company Website:** https://www.nextbitt.com/ - **Year Founded:** 2015 - **HQ Location:** Lisboa, PT - **LinkedIn® Page:** https://www.linkedin.com/company/nextbitt/ (59 employees on LinkedIn®) ### 14. [Octave Attune APM (HxGN APM)](https://www.g2.com/products/octave-attune-apm-hxgn-apm/reviews) Hexagon's asset performance management solution, HxGN APM, maximizes the productivity of industrial assets by offering a practical approach to optimizing maintenance strategies, identifying potential threats, and mitigating risks to prolong asset lifecycles. Utilizing our pioneering asset twin technology, HxGN APM enables rapid deployment of asset strategies, streamlining of business processes, and ensures optimal asset performance in one robust package. Our solution's core capabilities: • Quantitative analytics with AI/ML to identify high-risk assets • Development and ongoing management of maintenance strategies • An embedded asset twin library featuring strategies for over 200 equipment types • Promote best practices and standardization with the extensible library • Risk-based, condition-based and predictive maintenance to identify and address emerging threats • Tools for failure prediction to proactively minimize potential impacts • Real-time monitoring of equipment health and efficiency • Monitoring of potentially risky operational variables • Integration with industrial systems, third-party EAM solutions, and existing data sources **Who Is the Company Behind Octave Attune APM (HxGN APM)?** - **Seller:** [Octave](https://www.g2.com/sellers/octave-9e5a428c-f303-4735-9417-dff1ef5736d4) - **HQ Location:** Madison, US - **LinkedIn® Page:** https://www.linkedin.com/company/octaveintelligence/ (1 employees on LinkedIn®) ### 15. [Octave Tempo Control System Effectiveness (PAS PlantState Integrity)](https://www.g2.com/products/octave-tempo-control-system-effectiveness-pas-plantstate-integrity/reviews) Reserved Media is offering the premium domain name Octave.com for sale, emphasizing its value as a sophisticated online identity. The company targets businesses and individuals looking to establish credibility and trust through a valuable domain name. With a focus on the appreciation of premium domain names over time, Reserved Media positions this opportunity as an investment for potential clients. Interested parties can request quotes and get in touch regarding the purchase of the domain. **Who Is the Company Behind Octave Tempo Control System Effectiveness (PAS PlantState Integrity)?** - **Seller:** [Octave](https://www.g2.com/sellers/octave-9e5a428c-f303-4735-9417-dff1ef5736d4) - **HQ Location:** Madison, US - **LinkedIn® Page:** https://www.linkedin.com/company/octaveintelligence/ (1 employees on LinkedIn®) ### 16. [OEE Toolkit Suite](https://www.g2.com/products/oee-toolkit-suite/reviews) OEE Toolkit Suite is a software, which enable clients to interpret their losses and start improving production effectiveness for continuous improvement – based on facts and figures. **Who Is the Company Behind OEE Toolkit Suite?** - **Seller:** [FullFact Solutions](https://www.g2.com/sellers/fullfact-solutions) - **Year Founded:** 2015 - **HQ Location:** Greenville, US - **LinkedIn® Page:** https://www.linkedin.com/company/decide4action (50 employees on LinkedIn®) ### 17. [OpenGov Enterprise Asset Management](https://www.g2.com/products/opengov-enterprise-asset-management/reviews) Cities, counties, universities, school districts, and utilities use Cartegraph Asset Management to manage the operations and maintenance of their critical infrastructure assets. Available on desktop and mobile, teams use Cartegraph Asset Management to: - Optimize the performance of their pavement, water utilities, parks, facilities, and other infrastructure assets - Operate and maintain every infrastructure asset: indoors, outdoors, above and below ground - Create tasks and manage work orders for maintenance, inspections, storm cleanup, disaster response, and more - Capture resource usage, including labor hours, equipment, and materials - Manage requests from constituents, colleagues, and crew members - Monitor performance and KPIs with live dashboards and powerful reports - Run scenarios to build data-driven budgets, capital plans, and more - Automate workflows and reminders - Integrate with GIS, 311, fuel systems, and more - Reduce operating costs through smarter, data-driven decisions Use Cartegraph to manage every infrastructure asset, including pavement, signs, signalized intersections, guardrails, light fixtures, pavement markings, bridges, ADA ramps, sidewalks, trees, parks, playgrounds, facilities, HVAC equipment, roofing systems, electrical generators, indoor lighting, plumbing fixtures, treatment plants, backflows, hydrants, water mains, laterals, valves, meters, pumps, manholes, culverts, storm inlets, outlets, pipes, pumps, fleet, and more. Asset Management. Work Management. Resource Management. Request Management. Property Portfolio Management. Capital Improvement Planning. Budgeting Tools. Drive high-performance operations with Cartegraph. **Average Rating:** 4.4/5.0 **Total Reviews:** 21 **How Do G2 Users Rate OpenGov Enterprise Asset Management?** - **Has the product been a good partner in doing business?:** 8.1/10 (Category avg: 8.8/10) **Who Is the Company Behind OpenGov Enterprise Asset Management?** - **Seller:** [OpenGov](https://www.g2.com/sellers/opengov) - **Year Founded:** 2012 - **HQ Location:** San Jose, US - **Twitter:** @OpenGovInc (4,459 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/opengov-inc/ (992 employees on LinkedIn®) **Who Uses This Product?** - **Top Industries:** Government Administration - **Company Size:** 57% Mid-Market, 29% Small-Business #### What Are OpenGov Enterprise Asset Management's Pros and Cons? **Pros:** - Data Management (1 reviews) - Inventory Management (1 reviews) - Task Management (1 reviews) - Workflow Efficiency (1 reviews) - Work Orders Management (1 reviews) **Cons:** - Asset Management Issues (1 reviews) - Data Management Issues (1 reviews) - Implementation Challenges (1 reviews) - Integration Issues (1 reviews) - Integration Problems (1 reviews) ### 18. [Opsima](https://www.g2.com/products/opsima/reviews) Opsima’s enhances workflow collaboration, optimize equipment management, mitigate breakdown risks, and improve CapEx planning for robust physical operations at every level, from field to management. **Who Is the Company Behind Opsima?** - **Seller:** [Opsima](https://www.g2.com/sellers/opsima) - **Year Founded:** 2023 - **HQ Location:** NY , US - **LinkedIn® Page:** https://www.linkedin.com/company/opsima.com (11 employees on LinkedIn®) ### 19. [Parallel Asset](https://www.g2.com/products/parallel-asset/reviews) Aligning innovative digital solutions for today’s project challenges & tomorrow’s opportunities **Who Is the Company Behind Parallel Asset?** - **Seller:** [Parallel Digital](https://www.g2.com/sellers/parallel-digital) - **HQ Location:** N/A - **LinkedIn® Page:** https://www.linkedin.com/company/No-Linkedin-Presence-Added-Intentionally-By-DataOps (1 employees on LinkedIn®) ### 20. [Planning Optimizer](https://www.g2.com/products/planning-optimizer/reviews) Planning Optimizer®, powered by Nexus Global, is a full function detailed job planning solution which can stand alone in small organizations or scale up to multi-site enterprise companies. Within the APM Optimizer Suite, this feature rich solution makes it unlike any other software on the market for building up reusable job plan libraries. It's intuitive and feature enhanced capability allows for any planning organization to get started in minutes. **Who Is the Company Behind Planning Optimizer?** - **Seller:** [Nexus Global](https://www.g2.com/sellers/nexus-global) - **Year Founded:** 1998 - **HQ Location:** Wake Forest, US - **Twitter:** @nexusglobalinc (154 Twitter followers) - **LinkedIn® Page:** http://www.linkedin.com/company/nexus-global-business-solutions-inc- (36 employees on LinkedIn®) ### 21. [PREMO XPERTS](https://www.g2.com/products/premo-xperts/reviews) Fractal Solutions is a complete Asset Management and Reliability programs company. We specialize in program startup, facilitation, staffing, and training. **Who Is the Company Behind PREMO XPERTS?** - **Seller:** [Fractal Solutions](https://www.g2.com/sellers/fractal-solutions) - **Year Founded:** 1993 - **HQ Location:** United States - **LinkedIn® Page:** https://www.linkedin.com/company/298220 (2 employees on LinkedIn®) ### 22. [Pro.Lean](https://www.g2.com/products/pro-lean/reviews) Emerson's Movicon™ Pro.Lean™ is a comprehensive lean manufacturing software solution designed to enhance plant productivity and overall equipment effectiveness (OEE. By providing real-time operational data collection, visualization, and analysis, Pro.Lean empowers manufacturers to identify inefficiencies and implement continuous improvements. This module seamlessly integrates with the Movicon.NExT™ platform, enabling users to develop customized HMI and SCADA applications while obtaining real-time OEE metrics and clear visualizations of performance data. Key Features and Functionality: - Real-Time Data Collection and Analysis: Pro.Lean captures and analyzes production data in real time, allowing for immediate identification of inefficiencies and performance bottlenecks. - Comprehensive Reporting: Users can generate tailored reports, graphs, and charts to evaluate OEE and other key performance indicators (KPIs, facilitating informed decision-making. - Seamless Integration: The software integrates with existing enterprise systems such as ERP, MES, and MOM, providing a holistic view of manufacturing operations. - Scalability and Configurability: Pro.Lean is designed to adapt to the evolving needs of any organization, allowing for incremental implementation and expansion as required. - User-Friendly Interface: An intuitive interface ensures ease of use, enabling operators and technicians to effectively monitor and manage production processes. - Mobile Accessibility: Support for mobile devices ensures that users can access critical data anytime, anywhere, enhancing operational flexibility. - Robust Cybersecurity: Pro.Lean incorporates strong cybersecurity measures to protect sensitive data and comply with industry regulations. Primary Value and Problem Solving: Pro.Lean addresses the critical need for manufacturers to improve productivity, reduce waste, and increase profitability in a competitive market. By providing real-time insights into production performance, the software enables proactive identification and resolution of issues such as equipment downtime, production bottlenecks, and quality defects. This proactive approach allows manufacturers to implement targeted improvements, leading to enhanced efficiency, reduced operational costs, and increased overall equipment effectiveness. Ultimately, Pro.Lean empowers organizations to achieve lean manufacturing goals and maintain a competitive edge in the industry. **Who Is the Company Behind Pro.Lean?** - **Seller:** [Emerson Electric](https://www.g2.com/sellers/emerson-electric) - **HQ Location:** St Louis, US - **Twitter:** @Emerson_News (20,235 Twitter followers) - **LinkedIn® Page:** https://www.linkedin.com/company/emerson (50,284 employees on LinkedIn®) - **Ownership:** NYSE: EMR ### 23. [Prometheus Platform](https://www.g2.com/products/prometheus-platform/reviews) The Prometheus Platform provides asset-intensive companies with an easy-to-use, fully interconnected enterprise asset management system that integrates with leading ERP, CMMS, and EAM providers, like SAP, Oracle, and IBM Maximo. Our cloud-based solutions provide a powerful user experience and end-to-end support throughout your enterprise asset management lifecycle. Prometheus Platform software helps streamline work management processes, permitting, operations, process safety management, and Enterprise asset master data management. We provide nine interconnected modules to simplify and increase productivity, reduce cost, and maximize ROI: Planning and Scheduling; Environmental Health and Safety; Mobility; Reporting and Analytics; Master Data; Shutdown Turnaround & Outage (STO); Contractor Management; Construction and Commissioning Management; and Asset Performance Management (APM). Prometheus Group is ranked as Leader in Process Management Software for 2023 by Verdantix. **Average Rating:** 4.0/5.0 **Total Reviews:** 3 **How Do G2 Users Rate Prometheus Platform?** - **Has the product been a good partner in doing business?:** 5.0/10 (Category avg: 8.8/10) **Who Is the Company Behind Prometheus Platform?** - **Seller:** [Prometheus Group](https://www.g2.com/sellers/prometheus-group) - **Year Founded:** 1998 - **HQ Location:** Raleigh, North Carolina - **LinkedIn® Page:** https://www.linkedin.com/company/prometheusgroup/ (483 employees on LinkedIn®) **Who Uses This Product?** - **Company Size:** 50% Small-Business, 25% Enterprise ### 24. [remberg](https://www.g2.com/products/remberg/reviews) remberg is a Germany-based software company building modern maintenance software for industrial companies across Europe. remberg was created to help maintenance and service teams replace fragmented tools like spreadsheets, emails, paper documentation, and isolated systems with one intuitive, connected platform. The focus is not on complexity, but on software that fits real operational work and can be adopted quickly across the organization. The remberg platform supports the full maintenance lifecycle end to end. Teams can manage assets and technical structures, plan and execute work orders, and document all maintenance activities in a standardized and traceable way. Maintenance plans, inspections, and recurring tasks are easy to set up and adjust, helping teams move from reactive breakdown handling to structured, preventive maintenance. Centralized documentation ensures that manuals, instructions, and service histories are always accessible and up to date. A core part of remberg is its mobile app, designed for everyday use by technicians in the field or on the shop floor. Work orders, checklists, asset data, and documentation are available directly on mobile devices, allowing teams to document work as it happens instead of after the fact. Photos, comments, and status updates can be captured on the spot, improving data quality and reducing follow-up work. This leads to higher user acceptance and more reliable maintenance data across the organization. remberg also integrates AI functionality directly into the platform to support maintenance teams in their daily work. AI helps with tasks such as structuring and completing maintenance documentation, extracting relevant information, and reducing manual effort in reporting and follow-up. Instead of being a separate tool, AI is embedded into existing workflows, supporting teams where it creates immediate value without changing how they work. This makes it easier to maintain clean data, stay audit-ready, and scale processes over time. The primary value of remberg lies in creating clarity and control in maintenance operations. By combining planning, execution, documentation, and reporting in one system, companies gain transparency across assets, workloads, and costs. This helps reduce downtime, lower maintenance costs, and improve safety and compliance. At the same time, teams spend less time on administrative tasks and more time on meaningful, value-adding work. remberg is built to scale with growing organizations. Its modular approach allows teams to start simple and expand functionality as needs evolve, without overwhelming users. The result is modern maintenance software that supports long-term operational excellence while remaining easy to use in everyday practice. **Who Is the Company Behind remberg?** - **Seller:** [remberg](https://www.g2.com/sellers/remberg) - **Year Founded:** 2018 - **HQ Location:** Munich, DE - **LinkedIn® Page:** https://www.linkedin.com/company/remberg/ (84 employees on LinkedIn®) ### 25. [SARAhub](https://www.g2.com/products/sarahub/reviews) We help companies truly understand their environment so they can make informed decisions based on accurate information about it. Thanks to the deployment of non-invasive IoT devices, the collection of information from them in the IOTOR SARAhub, their subsequent analysis and the automation of reaction scenarios, we can transfer all information to where it is most needed. Are you trying to reduce energy consumption costs? Do you want to keep an eye on your devices with regard to their maintenance and ensuring their continuous operation? Does the quality of the environment affect the performance of your employees? Is it crucial for you that your goods are stored in appropriate conditions and do you need to prevent their deterioration in the event of a sudden change in storage conditions? SARAhub will help you with that! **Who Is the Company Behind SARAhub?** - **Seller:** [Iotor](https://www.g2.com/sellers/iotor) - **Year Founded:** 2020 - **HQ Location:** Praha 9, CZ - **LinkedIn® Page:** https://www.linkedin.com/company/iotor (10 employees on LinkedIn®) ## 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? - [Facility Management Software](https://www.g2.com/categories/facility-management) - [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) - [Predictive Maintenance Software](https://www.g2.com/categories/predictive-maintenance) - [Infrastructure Asset Management Software](https://www.g2.com/categories/infrastructure-asset-management) --- ## 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.