Enterprise asset management (EAM)

The management of physical assets (fixed assets and inventory) is one of the most challenging tasks for businesses in today’s competitive environment. A comprehensive and agile Asset Management (AM) solution is essential to increase profitability and enable organizations to achieve the following objectives:

• Monitoring and controlling assets throughout their life cycle
• Optimizing capital expenditures while managing related risks
• Providing visibility for strategic decision making
• Ensuring data accuracy and integrity of assets
• Embracing environmental, social and governance (ESG) transformation for asset management (AM) policies and developing a culture of sustainability

How can robust enterprise AM add value to your organization?

1. Organize and centralize data and improve transparency for operations, customers, regulators and auditors
2. Significant improvement in performance and services leading to bottom-line operational expenditure (OPEX) and CAPEX reduction
3. Improve asset life cycle cost management to reduce capital spending
4. Optimize maintenance and repair activities, and reduce operating costs
5. Strategic alignment and effective control over assets across the organization
6. Effective risk management leading to safer and more reliable operations
7. Clear evidence of sustainable assets governance to owners or shareholders