The short answer
Which one fits your team?
Choose AssetLab if you need
- Mid-market organizations that need asset management without enterprise ERP complexity
- Teams that want to be operational in weeks instead of months
- Organizations needing FCI tracking and capital planning built in
- Canadian organizations that want a Canadian-owned vendor with CAD pricing
- Companies that want transparent, published CAD pricing from $45 CAD/user/month with no consulting costs
Consider SAP PM if you need
- Large enterprises already running SAP ERP across the organization
- Organizations requiring deep integration with SAP Finance, HR, and Procurement
- Companies with dedicated SAP consulting teams and IT resources
- Enterprises needing massive customization and complex workflow automation
- Organizations where SAP is the mandated enterprise platform
Feature by feature
Where they overlap, and where they part
5
In both
4
Only in AssetLab
6
With caveats in SAP PM
0
Only in SAP PM
Both platforms cover
- Work Order Management
- Preventive Maintenance
- Asset Management
- Parts & Inventory
- Multi-site Management
Where they differ
| Feature | AssetLab | SAP PM |
|---|---|---|
| Strategic Capital Planning | 360 & Enterprise plans | Not available |
| FCI Tracking & Forecasting | 360 & Enterprise plans | Not available |
| 20+ Year Replacement Forecasting | 360 & Enterprise plans | Not available |
| Setup Without Consultants | Included | Not available |
| Mobile App | iOS & Android | SAP Asset Manager |
| QR Code Scanning | Included | With add-ons |
| Vendor Management | Included | Via SAP MM |
| Contract Management | Included | Via SAP modules |
| Reporting & Analytics | Included | SAP Analytics Cloud |
| PIPEDA Aligned | Included | Configurable |
| Project Management | Enterprise plan or add-on | Via SAP PS |
| Risk Assessment (LoF × CoF) | 360 & Enterprise plans | Custom development |
| ERP Integration | Custom, via REST API (Enterprise or add-on) | Native (SAP ecosystem) |
| REST API & MCP | Enterprise plan or add-on | SAP APIs |
Pricing
What each one costs
AssetLab
- AssetLab CMMS
- From $45 CAD/user/month
- AssetLab 360
- $65 CAD/user/month
- Free Trial
- Yes - no credit card
All prices in CAD. Free trial available.
SAP PM
- License + Implementation
- $500K-$2M+
- Annual Maintenance
- 22% of license cost
- S/4HANA Cloud
- Custom enterprise pricing
- Implementation Timeline
- 6-18 months
SAP PM is a module within SAP ERP. Total cost includes licensing, implementation consulting, customization, training, and ongoing support. Prices in USD/EUR.
Why teams choose AssetLab
Where AssetLab goes further than SAP PM
Deploy in Weeks, Not Months
AssetLab sets up a small asset base in hours, or a larger import in a few weeks with guided onboarding. SAP PM implementations typically take 6-18 months with dedicated consulting teams.
FCI Tracking & Capital Planning
Purpose-built FCI tracking and 20-year replacement forecasting. SAP PM has no native equivalent - these require custom development or third-party tools.
Predictable, Transparent Pricing
From $45 CAD/user/month - transparent, published CAD pricing. No six-figure implementation costs, no annual maintenance fees, no consulting dependencies.
No Consultants Required
Setup without consultants, with guided onboarding. SAP PM typically requires certified consultants for configuration, customization, and ongoing changes.
Modern, Intuitive Interface
Clean, modern UI designed for rapid adoption by maintenance teams. No SAP GUI training required.
Canadian-Owned, PIPEDA-Aligned
AssetLab is Canadian-owned and headquartered in Vancouver, follows PIPEDA-aligned privacy practices, prices in CAD and contracts under Canadian law. The Trust Center names where data is hosted and every service that processes it outside Canada.
Next step
See it with your own assets
Start a free trial and load a few of your own assets. You will know within an afternoon whether AssetLab fits better than SAP PM.
No credit card required
Looking for a SAP PM alternative? Read our detailed guide
AssetLab wrote this comparison, so read it knowing who it comes from. Competitor details are taken from each vendor's public website and documentation and can change without notice. Spotted something out of date? Tell us and we will correct it.
