# Best Asset Performance Management Software - Page 7 *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 ## Top Asset Performance Management Software at a Glance | # | Product | Rating | Best For | What Users Say | |---|---------|--------|----------|----------------| | 1 | [MaintainX](https://www.g2.com/products/maintainx/reviews) | 4.8/5.0 (1,518 reviews) | Preventive-to-predictive maintenance with asset-health tracking | "[Helping Transform Maintenance from Reactive to Proactive](https://www.g2.com/survey_responses/maintainx-review-12996913)" | | 2 | [IBM Maximo Application Suite](https://www.g2.com/products/ibm-maximo-application-suite/reviews) | 4.4/5.0 (551 reviews) | AI-driven predictive maintenance across asset-intensive operations | "[Centralized Asset Management and Predictive Maintenance That Scales](https://www.g2.com/survey_responses/ibm-maximo-application-suite-review-12836348)" | | 3 | [Cryotos](https://www.g2.com/products/cryotos/reviews) | 4.6/5.0 (810 reviews) | Preventive maintenance tracking with automated asset reporting | "[Easy to use for PPM](https://www.g2.com/survey_responses/cryotos-review-12809418)" | | 4 | [GE Vernova APM](https://www.g2.com/products/ge-vernova-apm/reviews) | 4.4/5.0 (62 reviews) | Mechanical integrity and reliability with predictive analytics | "[Driving Reliability Through Data – My Experience with GE Vernova](https://www.g2.com/survey_responses/ge-vernova-apm-review-11786986)" | | 5 | [Limble](https://www.g2.com/products/limble/reviews) | 4.8/5.0 (678 reviews) | Preventive maintenance scheduling with asset downtime tracking | "[Simple to Learn, Fast Responses, and Excellent Customer Success Support](https://www.g2.com/survey_responses/limble-review-12914944)" | | 6 | [Fiix CMMS](https://www.g2.com/products/fiix-cmms/reviews) | 4.6/5.0 (471 reviews) | Preventive maintenance scheduling with asset downtime tracking | "[So far the best cmms System i deal With](https://www.g2.com/survey_responses/fiix-cmms-review-9589928)" | | 7 | [Fracttal One](https://www.g2.com/products/fracttal-one/reviews) | 4.6/5.0 (534 reviews) | Preventive and predictive maintenance with cross-industry asset traceability | "[Optimal management of activities](https://www.g2.com/survey_responses/fracttal-one-review-11736843)" | | 8 | [Amper](https://www.g2.com/products/amper/reviews) | 4.4/5.0 (24 reviews) | Shop-floor downtime visibility with machine-level granularity | "[Good software to transform data in information in real time](https://www.g2.com/survey_responses/amper-review-11407126)" | | 9 | [SAP Business Network](https://www.g2.com/products/sap-business-network/reviews) | 4.2/5.0 (114 reviews) | SAP-native asset IoT and maintenance visibility | "[Centralized Supplier Collaboration That Simplifies Purchase Order Tracking](https://www.g2.com/survey_responses/sap-business-network-review-12812971)" | | 10 | [eMaint](https://www.g2.com/products/emaint/reviews) | 4.5/5.0 (283 reviews) | Configurable CMMS for PM and asset reliability | "[Modern, User-Friendly CMMS That Boosts Technician Engagement](https://www.g2.com/survey_responses/emaint-review-13033021)" | --- ## What Are the Most Common Questions About Asset Performance Management Software? *AI-generated · Last updated: May 26, 2026* ### What asset Performance Management software most used by maintenance managers for condition-based maintenance tracking? Based on G2 reviews, maintenance managers most often describe using asset performance management software for condition-based maintenance by centralizing asset history, monitoring downtime patterns, and acting on alerts before failures escalate. According to verified users, the most common themes are preventive and predictive maintenance scheduling, work order tracking, visibility into equipment health, and easier reporting across teams or sites. G2 reviewers mention that strong adoption tends to come from platforms that are easy to implement, simple for technicians to use daily, and reliable for tracking assets, parts, and service records in one place. In this recent review set, usage patterns most frequently highlight MaintainX, with additional recent activity for Limble and IBM Maximo Application Suite. **Here are some of the top-rated products on G2:** - [MaintainX](https://www.g2.com/products/maintainx/reviews/maintainx-review-12823768) – used for preventive maintenance, downtime tracking, work orders, inventory, and asset health visibility - [Limble](https://www.g2.com/products/limble/reviews/limble-review-12763578) – used to organize PMs, part usage, assets, and multi-location maintenance processes - [IBM Maximo Application Suite](https://www.g2.com/products/ibm-maximo-application-suite/reviews/ibm-maximo-application-suite-review-12836348) – used for centralized asset management, predictive maintenance, and multi-facility visibility ### What should maintenance managers evaluate when choosing Asset Performance Management for erp platforms integration? Based on G2 reviews, maintenance managers should evaluate how easily an asset performance management platform connects maintenance data, work orders, parts, and asset records with the systems already used across operations. According to verified users, the most practical buying considerations are implementation complexity, data migration effort, reporting usability, and whether integrations are straightforward or require specialized support. G2 reviewers mention that some products stand out for API access or broad enterprise integrations, while others are praised more for fast setup and day-to-day usability. Recent reviews also show that buyers should ask how well the platform handles historical data, cross-site visibility, and whether integrations stay manageable over time as workflows become more complex. ### Which Asset Performance Management platforms avoid slow data upload processes and mobile app performance issues? Based on G2 reviews, no platform in this dataset is described as completely free of performance tradeoffs, but reviewers do highlight differences in day-to-day experience. According to verified users, MaintainX and Limble are often praised for ease of use, smooth rollout, and mobile-friendly work order execution, though some users still mention filters, reporting, or app errors. G2 reviewers mention that IBM Maximo Application Suite and Octave Attune EAM can be powerful, but some teams report heavier setup, slower performance with larger environments, or a steeper learning curve. Across recent feedback, the most consistent signal for avoiding friction is choosing software that combines straightforward navigation, lighter setup demands, and dependable mobile access for technicians in the field. ### What Asset Performance Management tools that track all maintenance details in one place and improve production speed? Based on G2 reviews, buyers looking to track maintenance details in one place should focus on platforms that centralize work orders, asset history, parts, procedures, and reporting. According to verified users, that type of visibility helps teams reduce paperwork, standardize processes, and respond faster to breakdowns or preventive tasks. G2 reviewers mention that MaintainX is frequently used to keep assets, procedures, vendors, schedules, and communication together, while Limble is often praised for bringing assets, PMs, and work orders into one system. IBM Maximo Application Suite and Octave Attune EAM are also described as centralized platforms, especially for broader enterprise asset visibility. The common buyer takeaway is that one shared system improves coordination and can support faster operational decision-making. ### What most trusted Asset Performance Management by maintenance managers based on user reviews? Based on G2 reviews, the most trusted products in this recent dataset are the ones buyers repeatedly describe as easy to adopt, dependable in daily use, and backed by responsive support. According to verified users, trust is built through smooth implementation, clear work order visibility, strong customer service, and consistent help with preventive maintenance, inventory, and reporting. G2 reviewers mention MaintainX more than any other eligible product in the recent review window, with many reviews emphasizing ease of use, strong support, and measurable improvements in maintenance workflows. Limble and Cryotos also receive positive recent feedback around usability and maintenance organization, but MaintainX appears most often in buyer commentary tied to maintenance manager use cases. **Here are some of the top-rated products on G2:** - [MaintainX](https://www.g2.com/products/maintainx/reviews/maintainx-review-12823768) – trusted for easy implementation, work order visibility, strong support, and asset tracking - [Limble](https://www.g2.com/products/limble/reviews/limble-review-12763578) – trusted for intuitive setup, PM scheduling, technician usability, and responsive training - [Cryotos](https://www.g2.com/products/cryotos/reviews/cryotos-review-12867857) – trusted for paperless maintenance tracking, preventive scheduling, and responsive support ### Which Asset Performance Management users achieve faster work order completion and eliminate equipment maintenance delays? Based on G2 reviews, users achieve faster work order completion when the platform makes requests, assignments, communication, and status updates easy to manage in one workflow. According to verified users, the biggest gains come from replacing manual follow-up, scattered emails, and paper-based processes with centralized work order tracking and clearer technician coordination. G2 reviewers mention that MaintainX users frequently describe smoother work order flow, faster planning, better communication, and less downtime tied to overdue or missed tasks. Reviewers for Limble and Cryotos also note easier job tracking and quicker digital maintenance processes. Overall, recent feedback shows that faster completion is tied less to one feature and more to usability, visibility, and reliable execution in daily maintenance work. ### What highest rated Asset Performance Management for creating dynamic workflows and reducing machine downtime at facility level? Based on G2 reviews, maintenance teams looking to reduce downtime at the facility level often favor platforms that support configurable workflows, preventive maintenance, and clear asset visibility. According to verified users, dynamic workflows show up in reviews as automations, customizable forms, asset hierarchies, flexible procedures, and easier routing of work requests and follow-up actions. G2 reviewers mention MaintainX for automations, procedures, and broad work order management, while Limble is frequently praised for customizable dashboards, PM workflows, and asset organization. Octave Attune EAM and GE Vernova APM also appear in recent reviews for more structured asset strategies and reliability-focused workflows, though some users note added complexity compared with lighter-weight tools. ### Which Asset Performance Management platforms enable quick work order creation and status tracking without confusion? Based on G2 reviews, platforms that enable quick work order creation and status tracking are typically the ones reviewers describe as intuitive for both requesters and technicians. According to verified users, buyers should look for easy request submission, clear status visibility, simple navigation, and mobile access that supports updates in the field. G2 reviewers mention MaintainX for straightforward work order creation and end-to-end tracking, Limble for simple technician workflows and organized work requests, and Fiix CMMS for fast work order creation with an easy-to-learn interface. Across the recent review set, the clearest pattern is that confusion drops when teams can see assignments, progress, and asset history without switching between multiple systems or relying on manual communication. ### What Asset Performance Management platforms maintenance managers continue using past initial deployment and onboarding? Based on G2 reviews, maintenance managers tend to continue using platforms past initial deployment when onboarding is smooth and the product keeps delivering value in day-to-day operations. According to verified users, the strongest retention signals in these reviews are ongoing use for PM scheduling, work orders, asset tracking, inventory control, and reporting after implementation is complete. G2 reviewers mention MaintainX and Limble repeatedly in contexts where teams expanded use cases across plants, sites, or departments after rollout. IBM Maximo Application Suite and GE Vernova APM also show continuing use in more complex environments, especially where centralized visibility and predictive or reliability workflows matter. The common theme is sustained usage tied to practical adoption, not just implementation success. ### What best Asset Performance Management platforms for maintenance managers reducing machine downtime and organizing equipment? Based on G2 reviews, the best asset performance management platforms for reducing machine downtime and organizing equipment are the ones buyers say improve visibility, scheduling, and follow-through across maintenance teams. According to verified users, MaintainX stands out most clearly in this recent dataset because reviewers repeatedly connect it to preventive maintenance, downtime reduction, asset tracking, inventory management, and easier work order coordination. G2 reviewers mention benefits such as better uptime visibility, faster reporting, organized equipment records, and stronger communication between requesters and technicians. Other products in the category also help with downtime and organization, but MaintainX appears most consistently in recent reviews tied directly to these maintenance manager priorities. ## How Many Asset Performance Management Software Products Does G2 Track? **Total Products under this Category:** 105 ### Category Stats (Jun 2026) - **Average Rating**: 4.36/5 The average rating of products in this category, based on all submitted ratings - **Top Trending Product**: Octave Attune EAM (HxGN EAM) (+0.32%) - Among all products in this category, Octave Attune EAM (HxGN EAM) recorded the largest rating increase compared to last month *Last updated: June 24, 2026* ## How Does G2 Rank Asset Performance Management Software Products? **Why You Can Trust G2's Software Rankings:** - 30 Analysts and Data Experts - 6,400+ Authentic Reviews - 105+ 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:** [Cryotos](https://www.g2.com/products/cryotos/reviews) --- **Sponsored** ### Reftab Reftab is built for modern IT teams who want a powerful and flexible solution to manage hardware and software in one place. Since 2013, IT teams have relied on Reftab to track, manage, and automate their hardware and software asset management — with over 1.8 million assets currently managed on the platform. That track record shows up in the recognition. Reftab has earned awards year after year, including Forbes Best in Class, Gartner IT Management Category Leadership, and Capterra awards for Best Value and Ease of Use. The platform covers the full asset lifecycle — from procurement and assignment through offboarding and retirement — with automation built in at every stage. Reftab connects with the tools your team already uses. These integrations trigger workflows, reduce manual steps, and keep your environment audit-ready without extra effort. Whether you're managing 500 assets or 50,000, Reftab gives IT the visibility and control to make confident decisions. [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=1631&secure%5Bdisplayable_resource_type%5D=Category&secure%5Bmedium%5D=sponsored&secure%5Bplacement_reason%5D=neighbor_category&secure%5Bplacement_resource_ids%5D%5B%5D=1631&secure%5Bprioritized%5D=false&secure%5Bproduct_id%5D=72503&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%3D7&secure%5Btoken%5D=a7a294f72eb8a0f8f8e9778020da376dcff19f59f019d4c9d1272fc7696c2734&secure%5Burl%5D=https%3A%2F%2Fwww.reftab.com%2Fbook-demo%3Futm_source%3Dg2%26utm_medium%3Dcpc&secure%5Burl_type%5D=custom_url) --- ## 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.