7 benefits of using enterprise asset management softwareĮnterprise asset management software has garnered more attention over the past decade and has now become an absolute necessity. CMMS software centralizes maintenance information and facilitates maintenance activities, and this aspect is merely one part of what an efficient EAM covers. It optimizes asset utilization and improves the uptime and productivity of assets while trimming down associated operational costs.Īlthough enterprise asset management software is often compared with a computerized maintenance management system (CMMS), they are quite different.
What is enterprise asset management software?Įnterprise asset management software automates repetitive tasks in the asset management lifecycle and bridges existing process gaps so that businesses can take control of their operational assets. We’ll explain what enterprise asset management software is, the benefits of using EAM solutions, what features to look for in EAM software, and a list of top contenders in the EAM space. We have crafted this blog to help you find the right EAM system in the sea of available solutions. EAM software streamlines all the troubles in manual enterprise asset management and makes the end-to-end process a breeze. This is where EAM software comes into play. As a result, procurement leaders are having trouble with asset tracking and asset data management. However, in a manual asset management environment, asset information is neither structured nor accurate. Enterprise asset management focuses on the end-to-end asset management lifecycle, covering phases from procurement to predictive maintenance and disposal.ĮAM doesn't just focus on physical assets, and it must also ensure proper management of cloud-based assets like an organization's SaaS stack.
IBM Maxima, Infor EAM, and UpKeep are the top three contenders in the enterprise asset management software market.Įnterprise asset management (EAM) is the process of balancing multiple disciplines like finance, engineering, risk, and more to optimize asset performance.
Dashboards, mobile apps, asset tracking, forecasting, performance management, and regulatory compliance are some of the must-have features in an EAM solution.An ideal EAM system offers a ton of benefits, like asset visibility, workflow management, task automation, inventory management, predictive maintenance, field service and work order management, and actionable insights.EAM software enables businesses to procure, manage, and utilize their assets - both physical assets and the software stack.Enterprise asset management (EAM) solutions have become a necessity in this tech-savvy world.
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