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What is Parallel Asset?

Parallel Asset is an advanced Computerized Maintenance Management System (CMMS) designed to oversee every facet of the maintenance cycle throughout the entire lifespan of your assets. Our specially designed platform merges efficient workflow levels with improved asset management strategies, which not only enhance the durability of your equipment and facilities but also lower expenses and decrease downtime. Applicable in industries such as energy, nuclear, military, or commercial infrastructure, Parallel Asset provides exceptional flexibility to cater to various industry requirements. By utilizing intelligent systems in conjunction with practical experience and data, Parallel Asset adeptly manages all Maintenance Work Requests, Work Orders, and Workpacks, tailored to your distinct maintenance philosophy and framework. Fully equipped to maximize your assets based on their vulnerability strategies and operational objectives, our CMMS platform serves as a holistic solution for maintenance management. This forward-thinking approach guarantees that your organization can sustain optimal operational efficiency while managing its resources effectively, ultimately enhancing productivity and performance across the board. In a rapidly evolving industrial landscape, Parallel Asset positions itself as a vital partner in your maintenance journey, ensuring you stay ahead of the curve.

What is AssetLab?

AssetLab operates as a cloud-based solution dedicated to the upkeep and lifecycle administration of various assets, such as buildings, machinery, and public facilities. Maintenance teams gain significant advantages from its features, which allow them to effectively prioritize service requests, allocate and track work orders, schedule preventative maintenance, perform inspections, and manage parts, vendors, contracts, compliance, and expenditures. The platform also maintains thorough asset documentation that includes details on condition, risks, history, and lifecycle costs, while its planning tools enhance the ability to forecast replacements, develop budgets, and oversee projects. With functionalities like requester access, QR-code scanning, maps, floor plans, and extensive reporting, the platform fosters smooth integration between field operations and overall asset strategy. Technicians benefit from specialized applications available on both iOS and Android devices, and a web application broadens access to the platform for various users. The enterprise capabilities are further enriched by GIS features, infrastructure utilities, a REST API, webhooks, and compatibility with AI technologies like Claude, ChatGPT, and Microsoft Copilot through Model Context Protocol, creating a well-rounded asset management solution. This comprehensive strategy ensures that every element of asset lifecycle management is effectively managed, leading to improved operational efficiency and informed decision-making.

Media

Media

Integrations Supported

Integrations Supported

ArcGIS
ChatGPT
Claude
Microsoft 365 Copilot
Model Context Protocol (MCP)

API Availability

API Availability

Has API

Pricing Information

Pricing not provided

Pricing Information

$45 CAD/user/month
AssetLab CMMS: CAD $45 per user/month, billed annually, with no seat minimum and unlimited assets. AssetLab 360: CAD $65 per user/month, billed annually, with a four-seat minimum and limits of 10 sites and 5,000 assets. Enterprise pricing is by quote. A free trial is offered; its duration is not stated on the pricing page. REST API access is included with Enterprise or available as an add-on on other plans.
Free Trial Offered?

Supported Platforms

SaaS

Supported Platforms

SaaS
Android
iPhone
iPad

Customer Service / Support

Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Online Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Parallel Digital

Date Founded

2016

Company Location

Singapore

Company Website

parallelgroupglobal.com/parallel-asset-software/

Company Facts

Organization Name

AssetLab CMMS Software Inc.

Date Founded

2025

Company Location

Canada

Company Website

assetlab.ca

Categories and Features

CMMS

Not specified

Categories and Features

CMMS

Asset Tracking
Inventory Control
Mobile Access
Preventive Maintenance
Purchasing
Scheduling
Service History Tracking
Technician Management
Work Order Management

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