The power of enterprise asset management
KPMG asset management services are well-equipped to address the evolving expectations set by the Federal Transit Administration (FTA) in terms of reporting. With the FTA placing increasing emphasis on transparency and accountability, organizations seeking federal funds for asset maintenance and repair must meet specific state of good repair requirements. KPMG's asset management solutions assist clients in understanding and fulfilling these expectations by providing comprehensive reporting frameworks that capture critical data on asset conditions, maintenance, etc. By leveraging advanced analytics and technology, KPMG enables organizations to proactively monitor the state of their assets, identify potential risks, and optimize resource allocation to ensure compliance with FTA regulations.
Furthermore, KPMG recognizes the pressing need for transit agencies to address aging systems and embrace sustainability initiatives such as the conversion of fleets to electric vehicles and decarbonization efforts. Through its asset management expertise, KPMG supports agencies in effectively managing the asset lifecycle, enabling them to address the challenges associated with aging systems and the need for additional functionality. By implementing an Enterprise Asset Management (EAM) system, KPMG enables clients to track and maintain their assets, while also facilitating environmental, social, and governance (ESG) initiatives. The EAM system enables organizations to measure their carbon footprint, compare the total cost of ownership of various assets, and make informed decisions that align with their sustainability goals. By incorporating ESG considerations into their asset management strategies, organizations can demonstrate their commitment to environmental stewardship and position themselves for long-term success in an increasingly carbon-conscious landscape.
From roads, bridges, highways, buildings, and public transportation to power and utilities, we help you connect your asset investments and today’s historic infrastructure funding to the outcomes that your stakeholders demand...
Principal, Finance Transformation, KPMG LLP
Unlocking the value of your assets
The power of enterprise asset managementDownload PDF
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