This article is part of a larger series on Accounting Software.
ManageEngine AssetExplorer is a dedicated fixed asset management software for managing information technology (IT) software and hardware assets. In our ManageEngine AssetExplorer review, we’ll discuss how this software will help you track the full asset life cycle and detect all software assets used within your IT infrastructure. Paid plans start at $955 per year for 250 IT assets, and there is a free plan for 25 IT assets. You can try the platform for free for 30 days to track 250 IT assets.
ManageEngine AssetExplorer Alternatives
Best for: QuickBooks Online integration and computing MACRS depreciation
Best for: Businesses looking for accounting software with a fixed asset manager
Best for: Managing fixed asset information and in-house IT support
Starts at: Free for up to 10 assets
Starts at: $13 per month
Why We Like ManageEngine AssetExplorer
ManageEngine AssetExplorer focuses on IT software and hardware assets. It’s a good pick for businesses engaged in software development and other IT technologies. The best feature of AssetExplorer is its ability to search your system to find all software assets used. This can also be used to maximize security within the system since AssetExplorer can detect and eliminate threats found.
However, some businesses may not find AssetExplorer a good pick, especially if they don’t rely heavily on IT assets. The absence of MACRS depreciation computation may be another reason to look the other way. Our top recommendation would be AssetAccountant for businesses needing to track basic office equipment. As our best fixed asset management software, AssetAccountant does an excellent job in providing MACRS depreciation and fixed asset management.
ManageEngine AssetExplorer Pricing
ManageEngine AssetExplorer pricing runs from $0 to $11,995 per year for 25 to 10,000 IT assets, respectively. There is also a 30-day free trial, which allows users to track 250 IT Assets.
Number of IT Assets
Additional 1,000 for 10,000 IT Assets Pack
ManageEngine AssetExplorer Features
Our ManageEngine AssetExplorer review highlights how the software’s capabilities in managing a business’s IT assets. Let’s take a look at its best features.
It is difficult to monitor all IT assets entered and removed from the system manually. However, AssetExplorer does this automatically to relieve you of the tedious responsibility of doing this manually. It will detect all IT assets that are connected to your business’s internet protocol (IP) address.
The image below shows a small portion of the software inventory window. This window will list down all the software within the IT system. Although not shown in the image, you’ll also see hardware devices like workstations, printers, routers, and switches.
AssetExplorer can compute depreciation using the straight line, double declining, declining balance, and sum-of-the-years digits methods. Unfortunately, it doesn’t compute MACRS depreciation for tax purposes. If you want a software that computes MACRS depreciation, we recommend AssetAccountant.
Below is an image of depreciation details. You’ll see the annual depreciation, remaining life, and book value of the asset.
AssetExplorer’s software asset management features can detect software within the system, manage licenses, and optimize the usage of software licenses, making it easy for you to track all the software in your system. It tells you how much of this software is installed in computers and the compliance type.
The image below shows the window where you’ll see all installed software and licensing information.
We like AssetExplorer’s function to let you see relationships between software and hardware within the IT. The image below shows a relationship map of interdependencies between software, hardware, and users.
AssetExplorer doesn’t just compile all assets in the system. It puts them in a database where you can manage them effectively through configuration items (CI), item types, attributes, and relationships.
- CIs can be hardware, software, documents, or users.
- Item types pertain to the nature of the asset, such as server or network.
- Attributes are data elements to describe item types like model, service tag, or processor.
- Relationships are links and interdependencies between CIs.
Relationship maps help in troubleshooting problems since it’s easier for IT to see all linked CIs. Aside from troubleshooting, it also helps in determining which relationships have high importance in the system.
AssetExplorer also features a PO workflow (see image below) to help you in managing all IT-related purchases. It also lets you create contracts that may combine IT and non-IT related assets under one contract.
Aside from managing POs, it also defines general ledger (GL) codes and cost center information for assets. General ledger codes are used for accounting fixed assets to their respective category while cost centers are areas of the businesses that utilize fixed assets.
ManageEngine AssetExplorer Ease of Use
In our ManageEngine AssetExplorer review of overall user experience, we found that the software has a steep learning curve—and you can use it right out of the box. However, AssetExplorer offers software training for IT managers, help desk managers, help desk administrators, and support staff. We believe that this training will improve AssetExplorer’s ease of use.
Another thing that could improve AssetExplorer’s usability is providing more access to third-party integrations like accounting software. We hope this is something that ManageEngine would consider in future updates and releases.
ManageEngine AssetExplorer Reviews From Users
Our research revealed very few users left a ManageEngine AssetExplorer review on third-party sites. However, given that the platform is a niche software for IT professionals, it is expected that only a few individuals will leave reviews.
We found that most reviewers are IT professionals, like IT managers and software engineers. Though most of the comments are positive, we can’t provide an expert opinion because of limited user feedback.
Here are AssetExplorer’s user review scores in popular user reviews websites:
- TrustRadius1: 9.0 out of 10 based on around 10 reviews
- G22: 4.2 out of 5 stars based on about 10 reviews
- Software Advice3: 4.8 out of 5 stars based on less than 10 reviews
Frequently Asked Questions (FAQs)
AssetExplore requires you to download a client before accessing the web server. The client can only be installed on Windows and Linux computers.
The target users of AssetExplorer are IT professionals, managers, and support staff. It is also suitable for businesses that manage many IT assets like desktops, servers, networks, and other portable devices.
AssetExplorer is a great pick for businesses needing to track multiple IT hardware and software assets. It offers a convenient solution in asset lifecycle tracker and troubleshooting. However, businesses with basic IT assets will not benefit from AssetExplorer. We recommend that you check out the software in our alternatives section for other options.