Managing multiple business processes can be challenging for your expanding business. This is why you need an agile eam software also known as enterprise asset management systems. These systems specialise in improving the way you run your daily business processes by creating automated workflows.
Your assets require daily maintenance. This is why, in 2022 it has become a challenge for businesses where the market trends keep evolving. Eam software allows them to streamline their asset management on a cloud based software. Let’s take a deeper look at what eam software entails, potential benefits and which eam software are popular in 2022.
What can an eam software do for your business?
Basically an eam software allows businesses to manage their assets which could include factory equipment, inventory or machinery with the help of automated tools and dashboard. Basically it helps businesses to streamline their asset management processes that are already in place.
This includes some maintenance related processes which business managers and procurement teams are now managing via eam software. The enterprise management sap has enabled businesses to reduce the cost of managing their assets, increase their lifecycle, enhance their performance as a result of better management. All in all, eam software is designed to streamline all of the processes that businesses were conducting manually.
The main functions and areas that an eam software focus on include: supply chain management, contracts, lifecycle management, and their operating levels. First of all, you can manage any maintenance processes that you have planned. Moreover, the lifecycle management process is quite lengthy which ends at disposal. Not only your assets, you can also manage your labour teams.
This would include their shifts and work schedules. With supply chain management, you can see what your inventory list looks like, updating it from time to time, your procurement schedules, managing assets across different locations and warehouses etc. With your financial reporting, you can keep track of your costs for running your operations, team performance, quality control for your physical assets, your key performance indicators, etc.
Unlock your business potential with eam software
Clearly there are many benefits of using an eam software. Let’s take a look at some ways in which businesses are revitalising their asset management via eam software.
With an eam software, your maintenance schedules will be well managed. You can schedule and plan your maintenance schedules in real time because an eam software tracks the quality control of every asset and can alert you if any asset malfunctions.
This way you can stay on top of your business performance all with the help of predictive forecasts. When you are ahead of your asset management, you can even notice issues with your machinery before it malfunctions and halts daily work processes.
Following quality standards and regulatory guidelines is also easy when you have asset management software sap in place to manage their efficiency and reduce chances of any faults. You can also send live updates and assign tasks to your all through an eam software instead of using another platform for communicating. You can create a task for anything like checking the speed of an elevator and then assign it to a worker via eam software portal.
The best Enterprise Asset Management Software in 2022
Following is the list of the best Enterprise Asset Management sap for your business.
This platform allows users to manage their asset information, tracking and managing data related to public infrastructure. This eam software is used where businesses need to manage their construction and maintenance of construction sites. This would include roads, buildings etc.
You can also amanuensis and improve your workflows around your staff and equipment in order to sync their performance. They also have fleet and fuel management and other field service solutions. When it comes to their asset management features, you can access powerful features like managing unlimited assets in a secure environment.
The best part about using asset management is that your eam platform will be fully integrated so you can easily share updates with your vendors and warehouse management to manage multiple tiers of assets all from one place. There is also the unique feature of service request management which allows users to allow workers to request for maintenance processes.
Not only this but you can also manage your inventory thanks to their managing and tracking feature. You can also use their easy to use ordering system so you never run out of much needed cash flow. From customers orders to delivery processes, everything can be managed on this platform.
This eam software also offers GIS capabilities which updates asset information so you can manage work order and service requests accordingly. This tool is also integrated with Esri which will keep your sentiment data secure and maintain data integrity. If you are managing governmental structures in cities, countries or running other public organisations then this GIS tool will allow you to streamline your inventory on a geodatabase.
Their eam software has free demo videos available on their site and you can request for a quote from their sales team via email.
Fiix is designed to allow users to track, manage and organise their physical assets regardless of their location. You can also create hierarchies like trees or lists to ease your asset management. Keeping track of key performance indicators allows them to manage the performance of their assets which helps in predicting business growth in the long term. Fiix offers barcode and QR codes for better security and maintenance.
There are different pricing tiers for this asset management software which is divided into basics, enterprise level and professional level. This shows that this software is ideal for all types of businesses including small businesses, larger teams and customizable plans for large enterprises.
You can also test out their tools by using the free version of Fiix which only allows three users. Moreover, Fiix has an important tracking tool for maintaining equipment in their downtime and other forms of rotstong assets.
UpKeep is the ideal eam software for modern businesses who need a computerised maintenance system. It helps users virtually manage all of their assets from anywhere and at any time. With UpKeep, you will receive downtime reports based on each equipment or the ones you choose.
There are many metrics you can set to receive updates in their reports. You can also receive updates on how much your equipment is costing you in real time depending on the equipment. This will include upgrades and maintenance of all kinds.
All in all, this enterprise asset management software allows businesses to improve and streamline how they manage their assets. This eam software also offers a virtual inventory management platform so you’re always ahead of your asset management and can order spare parts when needed.
You do not have to wait for your equipment to malfunction in order to repair it. With their inventory management you will be able to track any changes in the performance and pick out any faults. This will also reduce overhead costs for running maintenance processes.
There are four plans depending on the type of your business. First of all, there is a starter plan for small businesses. For advanced reporting features, you would have to purchase a professional plan. Other two plans include business and enterprise plans. The former is ideal for medium sized businesses and the latter is designed to support businesses with global franchises.
This eam software called IBM Maximo is designed for managing enterprise efficiency for their assets. They offer an intuitive and user friendly interface for running operations and managing your assets. You can take better preventive and predictive steps to avoid any major faults and malfunctioning.
With this asset management tool, users can prevent any halts in their daily work by avoiding and getting ahead of asset failures and malfunctions. Moreover, you can also prepare for downtime by optimising your MRO. This eam software also provides access to a complete set of inventory and asset management tools.
Not only faults and malfunctions, this eam software has an AI based monitor for managing and outlining any factors which might be causing these faults in your equipment. From moisture to temperature control, everything is managed from one place. In total there are three plans you can choose from. These are not based on fixed plans for different types of businesses, rather there are different tiers depending on the access being offered.
The first one is the application suite which gives access to all types of lifecycle management tools. Second one is a SaaS dedicated plan which is designed as a completely customizable plan especially for businesses who need a cloud based solution. Last but not the least, there is the Maximo plan which allows users to install the solution on top of their hardware.
This type of enterprise asset management software is a complete ERP solution which allows users to improve their asset management along with HR, marketing, procurement processes etc. You can also purchase this software without purchasing its full functionality of other ERP features and tools.
However, as compared to other eam software in the market, Oracle EAM is a complete all in one platform. You can also seamlessly integrate other Oracle tools with this software. You can create hierarchies and levels for all kinds of assets. This will make tracking, managing and optimising much easier. Moreover, keeping an eye on each asset performance is easy with this software.
You can set different metrics you want to track and receive live updates on each one of them. Regardless of these functionalities, Oracle EAM might seem pricey and overly expensive for many businesses. Their perpetual licence costs about $4000 and the other option is self-work requests which offer a limited number of users for access to all of their tools.
One thing all of these eam software prove is that it has become efficient and market friendly to manage your physical assets. When your competitors are giving importance to managing their assets automatically, you need to shed old and manual ways of your workflows.
Just make sure that you read the benefits of using an eam software so you can decide which advantage is more applicable to your business. In 2022, automation has become a core concept in running business everyday. You, too, can join the league of the future.