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Top 5 Free Asset Management Software Tools

Ronan McQuillan
12 min read · Jun 11, 2024

Asset management is one of the most common, mission-critical ITSM workflows. Efficiently handling requests for devices helps us to minimize internal admin costs as well as ensuring that our IT resources are deployed as effectively as possible.

At the same time, we can improve experiences for service users by providing a centralized, accessible tool for submitting and managing requests.

Today, we’re checking out a range of options for open-source and free asset management software. Specifically, we’ll be picking out tools from different corners of the market, from off-the-shelf applications, to highly customizable and configurable solutions.

By the end, you’ll be able to make a fully informed decision about which option is right for you.

But first, let’s start with the basics.

What is asset management?

Asset management comprises all of the workflows involved in deploying devices or other resources to end users, as well as their maintenance, monitoring, and lifecycle management.

This can take a few different forms. For instance, purchasing, preparing, and deploying assets as a part of a new colleague’s onboarding process.

However, the core of this is around handling requests for device rentals. That is, helping IT, ops, or facilities teams to receive, assess, and action asset requests based on both internal business rules and device availability.

On top of this, asset management also requires us to handle devices across their lifecycles, including tasks such as scheduling maintenance, patch management, or calculating annual depreciation.

We may even analyze and predict usage trends as part of our asset management efforts in order to better inform procurement decisions down the line.

What do asset management tools do?

So, that’s what asset management means in theory. The next question is, what does asset management software do?

The most basic functionality is providing an asset inventory, including the types of internal assets we have, relevant usage data, current deployment information, related business rules, and more.

Asset management tools then allow us to build out workflows leveraging this inventory data with a combination of end-user interfaces and automation rules.

So, for example, we can provide forms to service users to provide appropriate information to request a device rental. We could then automate certain approvals based on stored rules and device availability or require manual assessment from our IT team.

For this to work, IT colleagues and service users must have suitable permissions to access data, interfaces, and actions relevant to their role.

Say, enabling service users to browse available devices and view their own previous requests but exposing service-desk colleagues to data relating to all devices and requests.

You might also like our roundup of ServiceNow alternatives .

Why opt for an open-source solution?

There are a few key reasons you might choose to prioritize an open-source solution for asset management.

The first is control. Open-source tools typically offer us a lot more flexibility for hosting on our own infrastructure or using existing databases in the backend of our tools.

We can also expect a higher level of configurability than we would with COTS solutions. So, integrating with other platforms in our ITSM tool stack or enforcing custom business rules.

Security is another key driver for businesses to adopt open-source technologies.

A huge part of this is the ability to audit, control, and potentially even internally maintain the source code of applications that are going to interact with mission-critical data, infrastructure, and processes.

Of course, given our focus today, many businesses opt for open-source asset management tools because of financial reasons. That is, open-source tools can generally be used wholly or in-part for free.

With that in mind…

Top 5 open-source and free asset management tools

As we said earlier, we’ve chosen a range of distinct options from across the market for open-source and free asset management tools.

Some offer ready-to-use tools straight out of the box, while others will enable us to build internal tools to match our existing asset management flows.

Let’s jump right in.

1. Budibase

First up, we have Budibase, the open-source, low-code platform that empowers IT teams to turn data into action.

ITSM teams in all industries rely on Budibase to ship secure, professional workflow apps on any data layer and host them anywhere.


Budibase leads the low-code market for external data support. We offer dedicated connectors for a huge range of relational databases, NoSQL tools, APIs, Google Sheets, and more on top of our built-in database and custom data source plugins.

Our visual design tools provide a best-in-class experience for creating end-user interfaces, with autogenerated layouts, custom conditionality rules, optional front-end JavaScript, and a huge library of built-in components and blocks.

Security-focused teams choose Budibase to keep their data secure, with optional self-hosting, free SSO, SCIM support, flexible role-based access control, air-gapped deployments, and much more.

Use cases

Budibase is the ideal solution for all sorts of ITSM, operations, and other internal tools. Seamlessly connect to your existing asset inventory, no matter where it’s stored, or build a data model from scratch using BudibaseDB.

On top of asset management solutions, our users choose Budibase to build all sorts of forms, admin panels, ticketing tools, workflow apps, approval flows, service catalogs, portals, and much more.

Budibase is fully optimized for busy IT teams that need to output solutions at pace. It’s the perfect solution for systems engineers, solutions architects, data professionals, and other IT colleagues to design and deploy custom tools without overburdening internal development resources.


With Budibase, you can build as many tools as you want for free. Our open-source solution is free for up to 25 self-hosted users. You can also use the free tier of our cloud-based product for up to five users. Both ship key enterprise features, including free SSO.

We also offer paid plans with no user limits, starting from $5 per end-user and $50 per creator, complete with synchronous automations, reusable code snippets, custom application branding, and more.

Custom enterprise pricing provides enforceable SSO, air-gapped deployments, environment variables, creator access control, and other key security features.

Check out our pricing page to learn more.

Join 100,000 teams building workflow apps with Budibase

2. Ralph 3

Free Asset Management Software

Ralph 3 is a comprehensive open-source asset management tool aimed specifically at data center and back-office use cases.

It provides a high scope for customization, including a powerful API. However, we might need relatively high development skills to get a solution up and running, and its tight focus on managing network hardware might rule it out for other use cases.


Ralph offers an impressive range of capabilities out of the box, including a dedicated CLI, custom asset fields, built-in domain management, and cloud data syncing.

It’s particularly strong for infrastructure and network hardware asset management, including a range of visualization tools, including network mapping, and up-time monitoring capabilities. We’re really impressed by their tools for visually managing data center hardware.

There are also dedicated tools for managing non-physical assets, including software licenses and vendor support contracts.


One big downside of Ralph is that we’ll need fairly strong development skills to install and use it compared to some other free asset management solutions. Installation is via Docker, but we’ll also benefit from some familiarity with Python, Django, Ubuntu, and command line tools.

While it’s possible to connect to our own database, this is limited to MySQL support, whereas some of the other platforms in this round-up offer more flexibility here.

It’s also possible to automate certain tasks using the CLI and API connections, but this is a much less mature offering than some other platforms that offer more visual automation and workflow management tools.


Ralph 3 is offered as an open-source solution under the Apache 2.0 license. It’s totally free to use, with no paid or premium tiers available. This could make it an attractive option for teams that have the internal resources to configure and manage it in-house.

However, we’ll also need to factor in other costs, including initial configuration, maintenance, and lifecycle management.

Alternatively, we might opt to use an external contractor to handle this, in which case we’ll need to consider the costs related to this.

3. Snipe-IT


Snipe-IT is a relatively simple standalone IT asset management tool that’s available as a free self-hosted platform. Or, we can opt to pay for it with managed cloud hosting.

It offers a relatively easy initial set-up, with a fairly easy process for initially configuring the tool to work within common asset management workflows.


Snipe-IT’s big selling point is that it offers a working solution for basic IT asset management processes pretty much straight out of the box. Most configurations can be carried out using built-in admin settings rather than requiring extensive coding or extensions.

It’s also a strong offering for usage monitoring and reporting. It comes with a range of pre-configured, schedulable reports and dashboards, but we can also write custom visualizations with a built-in query editor.

There are also workable capabilities for related ITSM processes, including incident management, which could make Snipe-IT a good choice for smaller teams whose IT workflows are highly centered on asset management at present.


One big detractor in Snipe-IT’s offering is its relatively basic, inflexible user interface. This is perfectly functional, but at the same time, it feels a little bit dated compared to some more modern ITSM platforms.

Integration options are also somewhat sparse in Snipe-IT. There’s a platform API, and a couple of first-party integrations for Python tools. Besides this, there’s only a handful of third-party utilities and developer tools, rather than any native integrations for external tools.

Some admin functions in Snipe are also a little bit more complicated than we’d expect. For example, we can create custom permissions and usage policies, but we’ll need to manually edit PHP files to achieve this.


Snipe-IT is totally free for self-hosted users. This includes unlimited users and assets, although there are restrictions on API requests and certain features like automatic backups and audit logging.

To overcome these limits, we’ll need to pay for cloud hosting. This is offered on a fixed rate basis, starting from $39.99 per month.

Support plans for self-hosted users are also billed as an optional extra, starting from $499 per year for basic plans up to $4,999 for enterprise customers.

4. CMDBuild


CMDBuild is a slightly different prospect. Rather than offering a pre-built solution, it’s an open-source environment for configuring custom asset management solutions.

In other words, it’s a feature-rich configuration management database that includes key asset management functionality including device tracking and monitoring.


CMDBuild’s core value propostions is the ability to create a centralized, reliable, accessible record of all of our asset data. This can be connected to multiple platforms and tools to create a consistent repository of information.

This offers us extensive flexibility to build advanced solutions for a huge range of use cases, including ITSM, facilities management, fleet management, manufacturing, supply chain, and more.

Additionally, CMDBuild also offers capabilities around creating custom interfaces and workflows for asset management, as well as advanced version control and change management features.


Desipte being one of the most powerful, flexible platforms we’ve seen today, the big area where CMDbuild falls down is complexity. As such, it may be primarily suited to large enterprises with complex asset data to manage.

It’s also a strong offering in terms of creating a back-end data layer for asset management but may lag behind some other platforms when it comes to creating modern, efficient user experiences.

Some users complain that CMDBuild can be somewhat overwhelming for initial configuration and usage, with the platform’s UIs presenting a relatively steep learning curve.


CMDBuild itself is offered for free under the open-source GNU license. As ever, this may be an attractive option, but we’ll also need to factor in the costs of initial configuration, maintenance, and lifecycle management.

Several tiers of SLAs are available, with prices based on usage, support tiers, and specific configurations.

Additional paid services include pay-per-use support packages and training programs.

5. AssetTiger


Lastly, we have AssetTiger. This is a free, cloud-based asset management platform that we can use off-the-shelf.

It’s a strong offering for teams that need a functional asset management solution with minimal upfront configuration, with the caveat that it may lack much of the flexibility offered by other tools in this space.


The biggest positive of AssetTiger is that it offers a working cloud-based solution that we can roll out pretty much immediately. This makes it a strong choice for smaller teams with relatively generic ITSM processes that lack the resources for configuring more complex platforms.

It also offers some helpful features for providing sleek experiences to service desk colleagues and end users alike, including asset reservations, communications automations, and native mobile applications.

Compared to some of the other platforms we’ve seen, AssetTiger also offers a modern, attractive interface for interacting with asset data.


One key consideration here, however, is that AssetTiger is a closed-source solution, meaning that we can’t easily audit the source code. It’s also only free for up to 250 assets. We’ll explore pricing more in a second.

As a cloud-based solution, AssetTiger can’t be self-hosted, meaning that it will be unviable for security-focused teams where this is a firm requirement.

It also lacks a lot of the flexibility and configurability offered by other platforms, making it comparatively difficult to customize our data model, end-user interfaces, or asset management workflows.


AssetTiger is free to manage up to 250 assets. Beyond this, we’ll need to purchase a license, starting from $120 per year for up to 500 assets.

All pricing plans offer unlimited users, meaning that it has the potential to be a very scalable solution.

Importantly, AssetTiger also doesn’t impose feature restrictions across its pricing tiers. As such, it has the potential to be a relatively affordable solution.

Turn data into action with Budibase

Budibase is the open-source, low-cod platform that empowers IT teams to turn data into action.

With extensive external data support, powerful automations, autogenerated UIs, optional self-hosting, and more, there’s never been a better way to ship professional internal tools at pace.

Non-developers in IT teams rely on our visual development tools to create advanced interfaces in a fraction of the time.

There’s never been a better way to build custom ITSM solutions, including asset management tools, approval apps, forms, portals, ticketing systems, and more.

Check out our features overview to learn more.