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NetAsset by Netgain

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What is NetAsset by Netgain

NetAsset by Netgain is an IT asset management (ITAM) and software asset management (SAM) product used to inventory, track, and manage hardware and software assets across an organization. It supports lifecycle processes such as procurement, assignment, changes, and retirement, with reporting to support audits and compliance. The product is typically used by IT operations, asset managers, and service desk teams that need a centralized asset repository and governance workflows. It is commonly positioned for organizations that want ITAM/SAM capabilities aligned to IT service management practices.

pros

ITAM and SAM coverage

NetAsset focuses on managing both hardware and software assets, including inventory, ownership/assignment, and lifecycle status. This supports common IT audit and compliance needs where software entitlement and usage tracking matter. For teams that primarily manage IT assets (rather than facilities or industrial equipment), this scope aligns well with day-to-day IT operations. It can reduce reliance on spreadsheets for asset records and reconciliation.

Lifecycle and governance workflows

The product supports structured processes such as request-to-procure, receiving, deployment, reassignment, and retirement. These workflows help standardize how assets move through the organization and how approvals and records are maintained. This is useful for organizations that need consistent controls across multiple sites or departments. It also helps maintain data quality by tying changes to defined steps rather than ad hoc updates.

Audit-oriented reporting

NetAsset provides reporting designed to support asset reconciliation and audit preparation. This is relevant for organizations that must demonstrate control over IT assets and software licensing. Compared with pure location/IoT tracking tools, audit reporting and entitlement-focused views are typically more central to ITAM/SAM products. Reporting can also help identify gaps such as missing ownership, stale assets, or unapproved software.

cons

Less focus on real-time location

NetAsset is primarily an IT asset management system rather than a real-time location system. Organizations that need continuous, sensor-driven tracking (e.g., BLE/UWB/GPS for high-value mobile equipment) may require additional infrastructure and tools. For use cases like indoor positioning and live movement history, dedicated location platforms are often a better fit. NetAsset is better suited to governance and lifecycle tracking than high-frequency telemetry.

Implementation and data normalization effort

Like many ITAM/SAM tools, value depends on accurate discovery inputs, normalization, and ongoing process discipline. Initial setup often requires importing existing asset records, defining lifecycle states, and aligning naming conventions and ownership models. If discovery sources are incomplete or inconsistent, the asset repository can drift from reality. Organizations should plan for ongoing administration and periodic reconciliation.

May not fit non-IT asset needs

The product is oriented toward IT assets and software licensing rather than facilities, fleet, or production equipment. Organizations looking for maintenance-centric asset management (e.g., work orders, preventive maintenance scheduling, technician workflows) may find gaps depending on requirements. For broader enterprise asset management across physical infrastructure, additional modules or separate systems may be needed. Fit is strongest where ITAM/SAM is the primary objective.

Plan & Pricing

Plan Price Key features & notes
NetAsset for Any ERP (Free plan) $0 / year Permanently free account per vendor: unlimited users; journal entry & management reports (roll-forward, waterfall); asset build-ups, revaluations, disposals; standard & custom depreciation schedules; alternate tax schedules; account mapping by asset type; bulk processing; AI-powered import of asset transactions; CoPilot (OpenAI) assistance; QuickBooks integration; tax reporting & ERP integrations; document/CSV uploads; detailed audit trail.
NetAsset (NetSuite Native SuiteApp) Custom pricing — contact sales Pricing for NetSuite-embedded NetAsset is not published; vendor states pricing is tailored based on asset volume, complexity, and team needs and requires scheduling a demo/consultation.

Seller details

Netgain Technologies, LLC
1984
Private
https://www.netgain.tech/
https://www.linkedin.com/company/netgain-technologies/

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