Enterprise asset management software helps manage the maintenance of an organization’s equipment throughout its asset lifecycle. EAMs assist with everything from asset lifecycle and work order management, to accounting and analytics. Assets can range from buildings to machinery and span across geographies and departments – hence the “enterprise” in enterprise asset management.
Download our best practices checklist to make sure you’re implementing and optimizing your EAM for long term success.
Benefits of using an Enterprise Asset Management system
EAMs increase efficiencies for asset management. They eliminate paper-based administration and automate tasks. EAMs not only allow for more efficiencies in collecting and recording asset data, but the automation also offered by customized workflows inside your EAM leads to more standardized and accurate data. Successfully optimizing your EAM provides clearer insights into your organizations finances. EAM software streamlines reports and analytics on the lifecycle of your assets – helping to predict and mitigate costly equipment failures.
Get inspired
We explore how proper data management can lead to significant increases in equipment updates and reduce overall inventory carrying cost.
Our consultancy firm has received the IFS Ultimo Channel Partner of the Year award. With the title, the EAM software solution company puts MaxGrip’s achievements as an internationally successful IFS Ultimo deployment partner in the spotlight.
This article is part one of the “Transformational Asset Performance using Data Insights" series.
