Softwr

Inventory · head to head

Asset Panda vs IFS Ultimo EAM

Asset Panda logo

Asset Panda

Inventory

Flexible asset tracking platform

From
On request
Rated
-
Full reviewWebsite
IFS Ultimo EAM logo

IFS Ultimo EAM

Field Service

Dutch enterprise asset management with role-based user tiers, now sold inside the IFS portfolio

From
On request
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Asset Panda no pricing published online; IFS Ultimo EAM iFS sells two overlapping EAM products, Ultimo and IFS Cloud EAM, and a buyer signing a multi-year term is depending on the vendor funding both roadmaps at current levels.
  • They diverge on capability: Asset Panda covers Custom workflows, IFS Ultimo EAM covers Three user licence types.
  • Prices and features above were last checked on 1 September 2026.

Where they differ

Only the attributes on which Asset Panda and IFS Ultimo EAM actually diverge.

Attributes where Asset Panda and IFS Ultimo EAM differ
AttributeAsset PandaIFS Ultimo EAM
Pricing modelsubscriptionquote
PlatformsWeb, Mobile app, Cloud-basedWeb, iOS, Android
CategoryInventoryField Service
Founded2012Unknown

Identical on both: starting price (On request), free tier (No), user rating (Not yet rated).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Asset Panda

  • Custom workflows
  • Asset lifecycle
  • Maintenance tracking
  • GPS tracking
  • Salesforce
  • ServiceNow
  • Zendesk
  • Active Directory

Only in IFS Ultimo EAM

  • Three user licence types
  • Industry solutions
  • Safety and compliance
  • Mobile maintenance
  • Spare parts management
  • Contractor management
  • Fleet management module
  • Condition-based triggers

What people use each for

The jobs each tool is most often brought in to do.

Asset Panda

  • IT asset and device tracking through their lifecyclenot IFS Ultimo EAM
  • Equipment and tool tracking across sitesnot IFS Ultimo EAM
  • Scheduled inspections and maintenance workflowsnot IFS Ultimo EAM
  • Fleet and facilities managementnot IFS Ultimo EAM
  • Audit readiness and compliance reportingnot IFS Ultimo EAM

IFS Ultimo EAM

  • A hospital where hundreds of ward staff must report faults but only the estates planners need full maintenance functionalitynot Asset Panda
  • A manufacturer needing permits to work and lockout-tagout tied to the same work order as the maintenance tasknot Asset Panda
  • A public transport operator managing vehicle maintenance and depot facilities in one system rather than twonot Asset Panda
  • A mid-sized European site that wants an EAM configured for its industry in weeks rather than a blank platform implementationnot Asset Panda

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Asset Panda

  • No pricing published online
  • Custom quote required; no standard rate cards published
  • Offers 7-day free trial but does not specify trial limits

IFS Ultimo EAM

  • IFS sells two overlapping EAM products, Ultimo and IFS Cloud EAM, and a buyer signing a multi-year term is depending on the vendor funding both roadmaps at current levels.
  • IFS does not publish list pricing for Ultimo, so the widely quoted entry figures come from third-party review sites rather than the vendor and should not be used to build a budget.
  • Strength is concentrated in Europe, and organisations needing local-language support, partners and implementation resource in North America or Asia will find the channel much thinner.
  • The industry solution templates that accelerate go-live also encode assumptions, and organisations whose processes differ from the template spend the saved time on reconfiguration instead.
  • Reporting and analytics beyond the standard set generally push customers to Power BI, so plan for a separate business intelligence licence and the modelling work behind it.

Pricing, plan by plan

Asset Panda

On request
  • Standard$50/month
    • 500 assets
    • 5 users
    • Standard support
  • Professional$100/month
    • 2500 assets
    • 15 users
    • Priority support
  • Enterprise$200/month
    • Unlimited assets
    • Unlimited users
    • Dedicated support

IFS Ultimo EAM

On request
  • IFS Ultimo EAM$undefined/month
    • Priced per user with Self-Service, Light and Full tiers at different rates
    • Price per user does not change with the number of industry solutions enabled
    • Cloud subscription is the standard route; on-premise is legacy

Which should you pick?

Choose Asset Panda if

  • You need custom workflows.
  • You work on Web, Mobile app, Cloud-based.
  • You also want asset lifecycle.
Asset Panda review

Choose IFS Ultimo EAM if

  • You need three user licence types.
  • You work on Web, iOS, Android.
  • You also want industry solutions.
IFS Ultimo EAM review

Questions people ask

Is Asset Panda or IFS Ultimo EAM better?
Neither clearly leads. Asset Panda starts at On request and IFS Ultimo EAM at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Asset Panda or IFS Ultimo EAM?
Asset Panda starts at On request and IFS Ultimo EAM at On request.
Does Asset Panda or IFS Ultimo EAM run on more platforms?
Asset Panda runs on Web, Mobile app, Cloud-based. IFS Ultimo EAM runs on Web, iOS, Android.
What is Asset Panda best used for?
Asset Panda is most often used for it asset and device tracking through their lifecycle, equipment and tool tracking across sites, scheduled inspections and maintenance workflows, fleet and facilities management. Of those, it asset and device tracking through their lifecycle and equipment and tool tracking across sites are not what IFS Ultimo EAM is typically brought in for.
What can Asset Panda do that IFS Ultimo EAM cannot?
Asset Panda covers Custom workflows, Asset lifecycle, Maintenance tracking, GPS tracking. IFS Ultimo EAM covers Three user licence types, Industry solutions, Safety and compliance, Mobile maintenance.

Answered from the vendors’ own pages

Asset Panda: How much does Asset Panda cost?

Asset Panda pricing is custom and based on organizational needs. No published rate is available; all pricing is provided via personalized quote.

Source
IFS Ultimo EAM: Is Ultimo still sold separately from IFS Cloud EAM?

Yes. IFS positions Ultimo at the mid-market and IFS Cloud EAM at large enterprises, and sells both.

Asset Panda: Does Asset Panda offer a free trial?

Yes, Asset Panda offers a free 7-day trial. Specific usage limits for the trial period are not disclosed on the pricing page.

Source
IFS Ultimo EAM: How does the user licensing work?

Three tiers: Self-Service for request and view, Light for occasional use, Full for planners and managers. Rates differ per tier.

IFS Ultimo EAM: Does enabling more industry solutions cost more per user?

No. The per-user price stays the same regardless of how many industry solutions you select.

IFS Ultimo EAM: Is on-premise still available?

Cloud subscription is the route IFS sells. On-premise exists in the installed base but is not the direction of travel.

Share

Related pages

More on Asset Panda

More on IFS Ultimo EAM

Keep looking

Other head to heads