Managing assets across multiple locations is a growing challenge for businesses aiming to stay efficient and cost-effective. Asset Tracking Software offers a smart way to monitor, manage, and maximize the use of physical assets minimizing loss, downtime, and unnecessary expenses.
With the asset tracking market size steadily increasing, more companies are turning to digital solutions to gain real-time visibility and control.
This article highlights eight top asset tracking software tools to consider in 2025. Explore the options to find the right fit for your organization’s needs and goals.
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What is Asset Tracking Software?
Asset tracking software is a digital solution designed to help businesses monitor physical assets’ location, condition, and usage throughout their lifecycle.
From laptops and vehicles to machinery and tools, this software provides real-time visibility into where assets are, who is using them, and when maintenance is due.
It reduces the risk of loss, improves accountability, and supports smarter planning by giving teams accurate, up-to-date information from one centralized system.
What are the Key Features to Look for in Asset Tracking Software?
To choose the right asset tracking software, it’s important to understand which features truly add value and support your operational goals.
Not all platforms offer the same capabilities, so knowing what to look for can help you make a more informed and strategic decision.
- Barcode and RFID integration: Ensure the software allows for barcode tracking to streamline asset identification and minimize manual entry, reducing the likelihood of errors.
- Real-time tracking: Opt for software with real-time tracking features, enabling immediate monitoring of asset location and status—an essential tool for businesses with assets that move frequently or are spread across various sites.
- Lifecycle management: Seek software that offers lifecycle management to track assets from acquisition to disposal. This helps with better planning and resource allocation throughout the asset’s entire life.
- Mobile compatibility: Consider software that is compatible with mobile devices, enabling asset tracking on the move via smartphones or tablets. This is particularly useful for businesses with field teams or employees working remotely.
- Alerts and notifications: Look for software that offers alerts and notifications for key events such as maintenance schedules or asset movements, ensuring timely actions to prevent asset loss or damage.
Top 8 Asset Tracking Software in Malaysia 2025
Now that we’ve explored the essential features to look for, let’s dive into the top asset tracking software options available in Malaysia for 2025.
These tools stand out for their capabilities and are designed to help businesses optimize asset management, improve efficiency, and stay ahead of industry demands.
1. HashMicro Asset Tracking Software
HashMicro Asset Tracking Software is a comprehensive asset management solution widely used by businesses in Malaysia. Established in 2015, this software is known for simplifying asset tracking across departments and locations, helping companies manage and monitor their assets more efficiently.
It offers a robust platform for maintaining control over physical resources ensuring they are properly utilized, well-maintained, and contributing to a better return on assets throughout their lifecycle.
Key features:
- Asset GPS tracking: This feature allows businesses to track the real-time location of their assets using GPS. It is especially useful for companies with assets that move frequently or are spread across multiple locations.
- Asset stocktake with barcode: This feature enables efficient inventory management by scanning asset barcodes. It automatically updates asset status and location, reducing errors and saving time.
- Preventive maintenance scheduling: This feature helps schedule regular maintenance to keep assets in optimal condition. Using equipment maintenance software prevents unexpected breakdowns and extends the lifespan of assets.
- Parent & child asset management: This feature organizes assets into parent-child relationships, making it easier to manage related items. It helps track and monitor the status of both individual and grouped assets.
- QR code scanning for facilities request: This feature allows users to scan QR codes to request facility services or report issues. It streamlines communication and ensures a timely response to asset-related problems.
Pros
Cons
- Unlimited users.
- Integrates with IoT as well as GPS Tracking.
- Can be customized to match your business needs.
- Could be accessed without an internet connection.
- Intuitive and easy to access.
- The free demo may take time due to high demand.
2. Asset Panda Fixed Asset Tracking Software
Asset Panda provides a flexible asset management system that keeps all your asset details in one place, including maintenance records and user manuals.
The mobile app lets employees check equipment in and out, scan barcodes, and report issues using trackable tickets, although GPS and RFID support is somewhat limited.
It also integrates smoothly with tools like Zendesk and Google Workspace, and businesses can explore its features through a free trial.
Key features:
- Ticketing/work orders
- Built-in barcode technology
- Contract management
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3. EZOffice Inventory
EZOffice Inventory is a widely adopted solution that helps businesses manage physical assets more effectively across various industries.
Trusted by companies of different sizes, it supports streamlined operations by offering a centralized platform for asset-related activities.
Key features:
- Carts and bundles
- Recurring reservations
- Maintenance & depreciation tracking
- Barcode, QR Code, and RFID Scanning
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4. Manage Engine Asset Explorer
ManageEngine Asset Explorer is an IT asset management solution that helps businesses gain better visibility and control over their hardware and software assets.
Commonly used by organizations with complex IT infrastructures, it supports structured asset oversight and is widely adopted in both public and private sectors.
Key features:
- Asset categorization
- Dynamic asset grouping
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5. Wasp Barcode Asset Cloud
Wasp Barcode AssetCloud is designed to help companies keep track of their assets across different locations. It also lets users control how assets are used depending on their funding source and provides clear reports to monitor asset activity.
While it suits the needs of larger organizations, the cost may be a bit high for smaller businesses or nonprofits.
Key features:
- Funding source restrictions
- Detailed reporting tools
- Cloud and On-Premises options
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6. Brightly Asset Tracking Solutions
Brightly, a Siemens-owned company offers asset management software for schools, factories, government agencies, and care facilities. Originally launched as Dude Solutions in 1999, it started by supporting school operations.
Its tools help schools track assets, manage energy use, and stay organized so staff can focus more on education, not missing supplies.
Key features:
- Energy management
- Reporting tools
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8. QNE Optimum Ace
QNE Optimum Ace is an all-in-one inventory tracking, asset tracking, and management solution built for manufacturing companies.
It’s ideal for businesses that need to manage production processes, track serial and batch numbers, and account for landing costs.
Key features:
- Comprehensive inventory management
- Multi level access control
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Conclusion
Asset tracking software is essential for businesses of all sizes to monitor and manage valuable assets efficiently. For medium to large companies, HashMicro offers a robust asset management system with real-time tracking and seamless integration across business functions to cut costs and streamline operations.
Whether in construction, manufacturing, healthcare, or any asset-heavy industry, HashMicro helps you gain better control over your assets.
Try a free demo today and see how it can optimize your workflow and boost productivity.
FAQ Asset Tracking Software
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How do I track assets in Excel?
You can track assets in Excel by creating a spreadsheet that lists all of your assets and information about them. Include information about each asset such as where it’s located, whether it’s in use or available, when you purchased it, and how much it’s worth.
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What is the purpose of tracking?
A tracking system, also known as a locating system, is used for the observing of persons or objects on the move and supplying a timely ordered sequence of location data for further processing.
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What is the benefit of tracking?
Automated time tracking can be utilized by individuals or companies to seamlessly keep track of the working day and tasks. The benefits of time tracking include increased productivity, reduced time wasters, better focus and an improved work life balance.
