Top Asset Panda Alternatives for Asset Tracking

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Managing IT assets is a critical part of your role. Tracking hardware, software, and other essential equipment ensures better resource allocation and reduces downtime. 

Asset Panda is one IT asset management (ITAM) tool that offers features for asset tracking, interdependency management, and integrations to centralize data.

However, Asset Panda may not prove an ideal solution for every company. With IT asset management software expected to grow to $5.34 billion by 2027, exploring Asset Panda competitors helps you find a tool that aligns with your company’s goals. 

This article covers the top Asset Panda alternatives, outlining their key features and advantages to help you make an informed decision.

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TL’DR

• Asset Panda is a cloud-based IT asset management tool for tracking hardware, software, and other assets. It offers customizable asset tracking, mobile barcode scanning, and cloud-based access.
• CloudEagle.ai is a SaaS management platform that centralizes IT asset tracking, procurement, and software usage data. It offers automated workflows, contract management, license tracking, and detailed spend optimization insights.
• SolarWinds offers automated discovery and CMDB for asset management, while Zluri focuses on optimizing SaaS costs and managing licenses. Asset Sonar provides RFID/barcode tracking and maintenance scheduling, and Atera combines IT asset management with remote monitoring.
• Alternatives like InvGate and Sapphire offer features such as automated asset discovery, customizable reports, and lifecycle asset management.
• CloudEagle.ai, with its cost-efficiency, automation, and scalability, is a top choice for companies looking to optimize IT asset management without breaking the budget.

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Asset Panda - Features and Challenges

Asset Panda is a powerful asset management solution that gives you complete control and efficiency over your organization’s assets. With this cloud-based platform, you’ll never have to worry about losing track of an item again, as it seamlessly adapts to your unique company needs.

Whether you’re managing computers, contracts, or other valuable items, Asset Panda’s flexible web and mobile technology lets you track everything with ease without changing the way you work.

Key Features

• Customizable Asset Tracking: Tailor the platform to your specific needs with customizable fields, workflows, and reporting, allowing you to track assets in a way that fits your company processes.
• Mobile App with Barcode Scanning: Use the mobile app to scan barcodes, update asset information, and access real-time data, making asset management more efficient and accurate.
• Cloud-Based Access & Integration: Securely access your asset data from anywhere and integrate with other tools like accounting software, IT management systems, and more for seamless workflow automation.

With Asset Panda, you can streamline your company’s asset tracking. As a result, you can reduce manual errors. Moreover, you will always have accurate information on asset location, status, and maintenance needs. 

Cons

• While Asset Panda provides excellent features, many users said the pricing plans could be a little less expensive. 
• The platform should introduce more third-party integrations. 

However, Asset Panda’s limitations shouldn’t hinder your asset management processes. As a manager, you can consider other Asset Panda alternatives that provide enhanced flexibility and better features.

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Top 7 Asset Panda Alternatives

1. CloudEagle.ai

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CloudEagle.ai is a SaaS management and procurement platform that can help you with IT asset management. The platform is built to simplify the complexities of handling SaaS applications, making it a game-changer for your enterprise.

It will provide your company with unmatched visibility, control, and cost-saving capabilities. Thus, you can make informed decisions and align with strategic goals. Serving as a centralized hub, it consolidates all your SaaS IT assets, licenses, and usage data into one easily accessible location.

With automated workflows, you can streamline procurement, prevent unwanted renewals, reclaim unused licenses, and auto-provision users based on roles and departments.

Application Discovery

CloudEagle.ai gives you complete visibility into your SaaS portfolio in just 30 minutes, helping you eliminate duplicate and redundant apps that may be driving up costs.

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The platform streamlines app management by centralizing all your IT assets in one location. With direct API integrations, it delivers detailed usage insights, enabling you to identify and remove redundant apps while merging duplicates for a more optimized tech stack.

You can also set up proactive alerts to detect unsanctioned apps purchased with company credit cards, preventing shadow IT before it becomes a bigger issue. With the ability to block unauthorized apps from converting into paid tools, you gain better control and security over your software environment.

License Management

CloudEagle.ai offers in-depth feature-level usage insights for each IT asset through direct integrations or Excel uploads. From one centralized dashboard, you can oversee license types, track assigned and active users, monitor login activity, and analyze spending for each license.  

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You will receive usage-based alerts to optimize IT assets by determining when to upgrade or downgrade. App admins can also audit licenses and deprovision users to ensure efficient and streamlined management.

Contract Management

Unlike other Asset Panda competitorsCloudEagle.ai simplifies contract management by consolidating all your vendor contracts into a single platform. It eliminates the stress of last-minute renewals by automatically initiating renewal workflows up to 90 days in advance and assigning them to the right stakeholders. You’ll also receive timely reminders via Slack and email to stay on top of renewals.  

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With a centralized dashboard, you can access all your spending details at a glance. CloudEagle.ai’s AI quickly extracts key contract metadata, such as renewal dates, billing frequency, payment terms, and auto-renewals, providing complete visibility in minutes.  

The platform seamlessly integrates with contract repositories like DocuSign, Workday, Ironclad, Google Drive, Dropbox, and Box. You can import IT assets from multiple sources, allowing the AI engine to organize and extract metadata for a comprehensive view of your contract data.  

CloudEagle.ai also helps you reclaim unused licenses automatically. With 500+ integrations, it delivers precise usage data and alerts you when licenses should be downgraded, ensuring you identify underutilized features and optimize costs effectively.

Spend Optimization

As your enterprise scales, you may accumulate duplicate or unused IT assets, leading to unnecessary SaaS expenses and potential SaaS sprawl.

CloudEagle.ai provides complete visibility into your SaaS portfolio by offering detailed usage insights. This allows you to identify and eliminate low-usage apps, detect redundant subscriptions, and optimize your overall SaaS costs efficiently.

Price Benchmarking

CloudEagle.ai offers unbiased price benchmarks derived from over 1 billion transactions, enabling you to compare your pricing with industry peers. With a comprehensive database of 150,000+ vendors, you gain access to valuable pricing insights.

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Leveraging AI and machine learning, CloudEagle.ai helps you evaluate multiple pricing options. You can determine whether your costs align with industry benchmarks based on company size, IT asset count, contract terms, and average cost per license.

Renewal Management

Avoid last-minute contract renewal surprises with CloudEagle.ai’s automated renewal management. Renewal workflows begin up to 90 days in advance, ensuring timely approvals from key stakeholders.

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Dedicated communication channels streamline the approval process, allowing teams to submit requests, approve workflows, and share feedback effortlessly. You can also track opt-out dates 30, 60, or 90 days in advance, giving you ample time to decide whether to renew or explore alternative vendors.

Vendor Research

Eliminate the hassle of time-consuming software research with CloudEagle.ai’s AI-powered vendor discovery. Compared to other Asset Panda competitors, Simply enter your requirements, and the platform generates a curated list of SaaS vendors that align with your company’s needs.  

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All vendor reviews, including detailed pros and cons, are consolidated in one place, saving you from browsing multiple websites. Additionally, you can compare vendors side by side, enabling you to make well-informed decisions with ease.

Pros

• CloudEagle.ai offers a centralized platform for managing all your IT assets, including software and licenses, ensuring seamless organization and tracking.
• It also helps maintain compliance with relevant regulations and industry standards, reducing risks and ensuring adherence to best practices.
• With powerful reporting and analytics, CloudEagle.ai provides valuable insights into your IT assets, enabling you to make data-driven decisions with confidence.

Pricing

• SaaS Management: $2500/month
• SaaS Governance: $2000/month
• SaaS Procurement: $2500/month

2. SolarWinds 

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SolarWinds is one of the best Asset Panda alternatives for tracking and managing your organization’s IT assets. It helps you maintain an accurate inventory of hardware and software while ensuring compliance with licensing policies. 

With automated discovery, you can reduce manual tracking efforts and keep your asset records up to date. This platform also integrates with IT service management (ITSM) tools, making it easier to link assets to support tickets and incident reports.

Key Features

• Configuration Management Database (CMDB): Maintains detailed relationships between assets, users, and IT services.
• Depreciation Tracking: SolarWinds helps you monitor asset value over time for better financial planning.
• Patch Management Integration: Ensures software and firmware are up to date to minimize security risks.

Pricing

Request a demo. 

3. Zluri

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Zluri is a SaaS management platform designed to help you track, manage, and optimize your software assets. It provides deep visibility into your organization’s SaaS usage, helping you eliminate redundant subscriptions and control shadow IT.

The platform also offers cost optimization features by analyzing subscription expenses and identifying underutilized tools. Unlike other Asset Panda alternatives, Its user access management capabilities allow you to streamline onboarding and offboarding.

Key Features

• SaaS Spend Analytics: Provides insights into software expenses to eliminate unnecessary costs.
• Automated License Renewal Alerts: Notifies you of upcoming renewals to prevent unwanted charges.
• User Access Control: Monitors employee access to applications to enhance security and compliance.

Pricing

Contact the sales team to get a demo. 

4. Asset Sonar

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Asset Sonar is one of the most effective Asset Panda competitors to help you track, maintain, and audit your hardware and software assets. It provides real-time asset monitoring, ensuring you always have accurate data on asset location, usage, and condition.

With built-in compliance tracking, you can stay on top of software licenses and avoid legal or financial risks. The platform also integrates with IT service desks, allowing you to link assets with support tickets for faster issue resolution.

Key Features

• Barcode and RFID Tracking: Enables quick asset identification and retrieval.
• Maintenance Scheduling: Sends automated reminders for asset upkeep and servicing.
• Custom Reports & Audits: Generates detailed reports to ensure compliance and operational efficiency.

Pricing

The pricing structure of Asset Sonar depends on the number of devices, seats, and admins. The basic pack starts at $78.33/month when billed annually. 

5. Atera

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Coming fifth in the list of Asset Panda alternatives is Atera. It is an all-in-one IT management platform that combines remote monitoring and management (RMM) with IT asset management (ITAM). It allows you to track and oversee your IT assets while providing remote access, automation, and real-time monitoring.

With its centralized dashboard, you can gain full visibility into hardware and software assets without manual tracking. The platform is designed for IT teams and managed service providers (MSPs), offering proactive maintenance and automated alerts.

Key Features

• Real-Time Asset Monitoring: Continuously tracks IT assets, providing insights into performance, health, and potential issues before they escalate.
• Remote IT Support: Allows you to troubleshoot and manage assets remotely, reducing the need for on-site visits and ensuring quick issue resolution.
• Automated Patch Management: Keeps your systems up to date by automatically deploying security patches and software updates.

Pricing

• Professional: $149/month
• Master: $189/month
• Expert: $219/month
• Enterprise: Contact sales

6. InvGate 

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Coming 7th in the list of best Asset Panda alternatives is InvGate. It is an IT asset management solution designed to help you gain full control over your IT infrastructure. With its intuitive interface and automation capabilities, you can streamline asset management processes and reduce manual work.

It provides detailed visibility into hardware and software assets, ensuring accurate tracking and compliance with licensing requirements. Its reporting and analytics features also provide actionable insights.

Key Features

• Automated Asset Discovery: Scans your network to detect and update IT asset records in real time.
• Customizable Dashboards & Reports: Generates detailed insights into asset performance, costs, and lifecycle trends.
• ITSM Integration: Connects with help desk and service management tools for a unified IT operations experience.

Pricing

• Starter: $0.21/node/month (Billed Anually)
• Pro: $0.38/node/month (Billed Annually)
• Enterprise: Request a quote

7. Sapphire 

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Sapphire ITAM Asset Panda alternatives help you track, manage, and optimize your IT assets throughout their lifecycle. It provides real-time visibility into hardware, software, and network components, allowing you to maintain an accurate inventory.

With its automation features, you can reduce manual tracking efforts and improve overall asset efficiency. Thanks to these Asset Panda alternatives, you can also include cost analysis tools to help you identify underutilized resources and optimize IT spending.

Key Features

• Lifecycle Asset Management: Tracks assets from procurement to retirement, ensuring complete visibility.
• Automated Compliance Audits: Helps you stay compliant with licensing agreements and security policies.
• Cost Optimization Tools: Analyzes asset usage to eliminate wasteful spending on redundant or underutilized resources.

Pricing

Contact the sales team. 

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Conclusion

While Asset Panda offers robust asset management features, it does have some drawbacks. The platform's user interface can feel overwhelming for new users, requiring a learning curve to navigate effectively. Additionally, setting up and configuring workflows to fit specific company needs can be time-consuming. 

If you’re looking for Asset Panda alternatives, you should choose CloudEagle.ai. Even though it’s not a dedicated asset management platform, it can still cater to your different needs. 

Thanks to CloudEagle.ai’s features, you can cut unnecessary expenses, minimize downtime, and redirect valuable time toward strategic goals instead of repetitive tasks.  

Additionally, CloudEagle.ai’s affordability and cost efficiency make it an excellent choice for companies of all sizes. Even startups and SMEs can access enterprise-grade IT asset management without exceeding their budgets.

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