Best Enterprise Asset Management (EAM) Software
Best EAM software are embrace asset management, ezofficeinventory, emaint, saphhireims, Ramco EAM on a cloud, and MVP plant. Enterprise asset management software helps monitor the business to manage and meet critical asset requirements.
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List of 20 Best EAM Software
Emergents | 2024
Software by IBM
Power up your data with IoT, make most of your available labor and eliminate the excess of inventory objects swiftly by using IBM Maximo. With the advance cyberspace security features of this asset management software, your data is secure. Learn more about IBM Maximo
Explore various IBM Maximo features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all IBM Maximo Features- Equipment Management
- Asset Tracking
- Maintenance Management
- Work order management
- Inventory Management
- Equipment Maintenance
Pricing
Maximo EAM SaaS
$ 164
Per Month
IBM Maximo Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
Software by UpKeep Maintenance Management
UpKeep is the web based plant maintenance solution. Parellely provides asset management. Quite easy to operate anywhere at anytime. The mobile app allows users to snap of equipment, create regarding work order and send to the maintenance for repair. After creating the work order, get real-time notifications and alerts. Learn more about UpKeep Maintenance Management
Explore various UpKeep Maintenance Management features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
- Asset Management
- Dispatch Management
- Vendor Management
- Maintenance Tracking
- Scheduling
- Planning Calendar
- Preventive Maintenance
- Space Planning
Pricing
Starter
$ 30
Technician/Month
Professional
$ 48
Technician/Month
UpKeep Maintenance Management Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Contenders | 2024
Keeping the World up and Running
eMaint is the web-based CMMS solution to manage the plant of various firm i.e. manufacturing, healthcare, education, food & beverages, oil & gas etc. It manages all the maintenance by the software as the virtual. Read eMaint CMMS Reviews
Explore various eMaint CMMS features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all eMaint CMMS Features- Risk Alerts
- Preventive Maintenance Scheduling
- Waste Management
- Vendor Management
- Real Time Tracking
- Trial License
- Uptime Monitoring
- Service Request Management
Pricing
Team
$ 69
User/Month
Professional
$ 85
User/Month
Enterprise
$ 120
User/Month
eMaint CMMS Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
Software by CMMS Data Group
MVP Plant is offering a powerful solution with the ability to take a smart and fast decision. It's having an intuitive and easy interface. It eliminates the paperwork by the barcode labeling on the parts and machine, so productivity is also increased. Learn more about MVP Plant
Explore various MVP Plant features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all MVP Plant Features- Scheduling
- Work Order Management
- Technician Management
- Inventory control
- Purchasing
- Service History
- Asset Tracking
- Calibration Management
Pricing
Bronze
$ 75
Per Month
Silver
$ 125
Per Month
Gold
$ 225
Per Month
MVP Plant Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
Post-modern & cognitive Asset Management Software
Ramco offers post-modern and comprehensive Asset Management software on cloud integrated with financials & HCM in a unified platform. Learn more about Ramco EAM on Cloud
Explore various Ramco EAM on Cloud features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all Ramco EAM on Cloud Features- Performance Analytics
- Import/Export Data
- Document Management
- Inventory Management
- Billing & Invoicing
- Reporting
- Contact Management
- Task Management
Ramco EAM on Cloud Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Contenders | 2024
Software by Maintenance Assistant Inc
Fiix is the cloud-based solution maintenance management software solution that uses the every size of the business, from small to enterprise. It trusted by the thousands of the company across the world. The core functionalities include the assets management, cost management, manage worker productivity, labor scheduling, and manage warranty cost. It automated schedule of the maintenance, It creates the work order and assigns to the person on the base of date, time, event and meter regarding Fiix is integrated with a mobile app. So the concerned person can maintain the plant at any time and anywhere. The mobile app is completely accessible anywhere. By just scanning the asset barcode or a QR code to pull up the asset record. If there is any damage take a picture and generate the work order on the location. As it will complete, attach with the snap and close on the spot. Read Fiix Reviews
Explore various Fiix features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all Fiix Features- Parts Management
- Technician Management
- Key & Lock Management
- Preventive Maintenance
- Service History Tracking
- Mobile Access
- Calibration Management
- Asset Tracking
Pricing
Basic
$ 29
Per Month
Professional
$ 49
Per Month
Enterprise
$ 79
Per Month
Fiix Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Contenders | 2024
Software by Maintenance Connection
A powerful web-based solution to manage the plant maintenance. Integrated with scalable seamless features to manage the project for any type of the business like healthcare, manufacturing, energy, government, education, recreation, transport, and mining. Maintenance Connection is having highly satisfied and success rate. It will manage the plant very artfully. Maintenance Connection is having beneficial features, by helping out them the life of asset must be increased. More facilities of the solution are the improve productivity, optimize the inventory, and extend the equipment, predictive maintenance, reporting, work order management. It manages everything from the plant maintenance and provides the services like an ERP solution. Manage the labor data, arrange the schedule with regard a customized calendar. The homepage can be configured for each user by their designation. A mobile app is also available to access anytime. Read Maintenance Connection Reviews
Explore various Maintenance Connection features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
- Parts Management
- Work order management
- Repair Maintenance
- Inventory control
- Parts Inventory
- Scheduling
- Asset Tracking
- Key & Lock Management
Maintenance Connection Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
Software by Fracttal
Fracttal is a fully featured CMMS Software designed to serve SMEs, Enterprises. Fracttal provides end-to-end solutions designed for Windows. This online CMMS system offers Work Order Management, Asset Tracking, Service History Tracking, Mobile Access, Preventive Maintenance at one place. Learn more about Fracttal
Explore various Fracttal features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all Fracttal Features- Purchasing
- Technician Management
- Key & Lock Management
- Inventory control
- Calibration Management
- Preventive Maintenance
- Asset Tracking
- Scheduling
Pricing
Basic
$ 85
month
Standard
$ 195
month
Business
$ 385
month
Fracttal Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Contenders | 2024
Software by SAP
SAP is Optimize users mobile experiences with enterprise mobility solutions Empower and involves employees, consumer, and stakeholders in different and innovative system including enterprise mobility solutions. Read SAP Reviews
Explore various SAP features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
SAP Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
Unite Your Data & Empower Your Team
Redlist is a fully featured Fleet Management Software designed to serve Enterprises, SMEs and StartUps. Redlist provides end-to-end solutions designed for Web App and Android. Learn more about Redlist EAM
Explore various Redlist EAM features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all Redlist EAM Features- Accounts Receivable
- Root-Cause Diagnosis
- Billing & Invoicing
- Fixed Asset Management
- Maintenance Tracking
- Photos In Reports
- Drag & Drop Scheduling
- Job Management
Redlist EAM Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
Software by Nuvolo Limited
Nuvolo is the delightful solution for the asset management. It provides the solution to the clinic, laboratory, and manufacturing firms, to improve their services, productivity cost control, and manage breeding risk. Learn more about Nuvolo
Explore various Nuvolo features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Nuvolo Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Contenders | 2024
Globally recognized enterprise asset management.
EAMbrace is designed to help organizations of all size better manage its assets spread across various locations. It acts as a perfect fixed asset register software. Read EAMbrace Asset Management Reviews
Explore various EAMbrace Asset Management features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
- Compliance Management
- Tax Management
- Alerts/Notifications
- Asset Categorization
- Barcode Scanning
- Asset Budgeting
- Administrator Level Control
- Asset Allocation
Pricing
EAMbrace Lite
$ 2778
Onetime
EAMbrace Asset Management Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
Software by IFS
IFS Enterprise Asset Management (EAM) needs to be more than a glorified Computerised Maintenance Management System (CMMS). EAM solution with human resources, purchasing, risk management, finance, document management and more. Read IFS ENTERPRISE ASSET MANAGEMENT Reviews
Explore various IFS ENTERPRISE ASSET MANAGEMENT features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
IFS ENTERPRISE ASSET MANAGEMENT Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
Software by Blue Mountain Quality Resources, Inc
Blue Mountain is a computerized maintenance management system for EAM, CMMS, and CCMS into one solution built for life science. It has a nice user interface. Trusted by lots of users to acquire the talent. Learn more about Blue Mountain RAM
Explore various Blue Mountain RAM features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all Blue Mountain RAM Features- Asset Tracking
- Purchasing
- Preventive Maintenance
- Calibration Management
- Key & Lock Management
- Service History
- Inventory control
- Scheduling
Blue Mountain RAM Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
Software by Merino Consulting Services Limited
Infor EAM has been used to better manage, maintain, and track their assets, as well as drive better decision-making in maintenance, inventory/warranty, uptime, risk management, and strategic planning. Learn more about Infor EAM
Explore various Infor EAM features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Infor EAM Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Contenders | 2024
Software by AssetWorks
AssetWorks software is a configurable, scalable solution that can be used to supplement an exisiting system or as a comprehensive, integrated solution for tracking assets throughout their lifecycle. Read AssetWorks Reviews
Explore various AssetWorks features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all AssetWorks Features- Facility Scheduling
- Collaboration
- Task Tracking
- Scheduling
- Incident Management
- Filtered Search
- Inventory Tracking
- Audit Trail
AssetWorks Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Contenders | 2024
Asset Tracking and Inventory Management software
EZOfficeInventory is the leading non-intrusive asset tracking, maintenance management, and inventory management software. Our intuitive interface means you'll be up and running in minutes, using features made specifically for all your asset management needs. Read EZOfficeInventory Reviews
Explore various EZOfficeInventory features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all EZOfficeInventory Features- Asset Management
- Supplier and Purchase Order Management
- Warehouse Inventory Management
- Barcoding / RFID
- Task Tracking
- Location Control
- Purchasing
- Order Processing
Pricing
Essential
$ 35
250 Items, Unlimited Users
Advanced
$ 45
250 Items, Unlimited Users
Premium
$ 50
250 Items, Unlimited Users
EZOfficeInventory Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
Software by Asset Panda
Asset Panda is highly customized and flexible asset management and it provides the solution to various firms. Delivers the solution with high quality, real-time information for every channel. Its cost is suitable for every size of the organization. Read Asset Panda Reviews
Explore various Asset Panda features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all Asset Panda Features- Billing & Invoicing
- Asset Lifecycle Management
- Incident Management
- Tax Management
- Task Tracking
- Analytics
- Asset Tracking
- Asset Sharing
Asset Panda Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
Unified Solution for network monitoring and endpoi
RMM Central is a unified solution that helps MSPs manage and monitor multiple client networks from a single console. With capabilities that simplify the everyday routines of MSPs, RMM Central's holistic approach ensures that resources and efforts are minimized. Learn more about ManageEngine RMM Central
Explore various ManageEngine RMM Central features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
- Reporting/Analytics
- Inventory Management
- User Activity Monitoring
- Software Management
- Server Monitoring
- Data Visualization
- SLA Management
- Multi-Platform
Pricing
Enterprise Edition
$ 1195
50 devices/single user/one year
ManageEngine RMM Central Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
Emergents | 2024
Software by ARCHIBUS
ARCHIBUS is that IWMS Software which will automate your workplace reservations and services and help you get hold of menial operations in a better way. It can create a need-specific asset management strategy and can extend the asset life cycle. Learn more about ARCHIBUS
Explore various ARCHIBUS features, compare the pricing plans, and unlock the potential of seamless operations by selecting the right software for your business.
Features
View all ARCHIBUS Features- Asset Management
- Inventory control
- Conflict Tracking
- 2D Drawing
- Mobile Access
- Residential Properties
- Change Management
- Maintenance Tracking
ARCHIBUS Caters to
- StartUps
- SMBs
- Agencies
- Enterprises
EAM (Enterprise Asset Management) involves maximizing the value of an organization's physical assets throughout its entire lifecycle, resulting in improved efficiency, reduced costs, and enhanced quality.
EAM is commonly utilized in industries that rely heavily on costly and intricate physical assets. This approach encompasses not only the maintenance of the assets but also comprehending their criticality, usage, and financial implications to mitigate losses. Let’s look at what enterprise asset management software is all about!
What Is Enterprise Asset Management (EAM) Software?
Enterprise Asset Management is a comprehensive suite of software, systems, and services that allow companies to manage their operational assets and equipment efficiently. The primary objective is to optimize asset quality and utilization throughout their entire lifecycle, ultimately leading to increased uptime and reduced operational costs.
Work management, asset maintenance, planning and scheduling, supply chain management, and environmental, health, and safety (EHS) programs are among the various components that fall under the umbrella of enterprise asset management. By integrating these components, companies can streamline their asset management processes and achieve greater operational efficiency.
In today’s era, when software development services and the Internet of Things (IoT) are booming, businesses are taking advantage of advanced analytics and artificial intelligence (AI) capabilities within EAM software solutions.
Data collected from instrumented assets is analyzed using AI techniques, providing maintenance teams with valuable insights to make better decisions, enhance efficiency, perform preventive maintenance, and maximize investments in their physical assets.
This allows companies to operate with greater insight, improving their maintenance practices and ultimately reducing operational costs over the long term.
Types of Enterprise Asset Management Software
Efficient management of physical assets is the primary goal of Enterprise Asset Management (EAM) software. The benefits and limitations of each type of EAM software differ based on the unique needs and preferences of the organization. Here are a few popular types of EAM software you can look into:
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Standalone EAM
Standalone EAM software is a self-sufficient Enterprise Asset Management system that can carry out all the vital functions required to manage an organization's physical assets. It is an all-in-one software solution that encompasses capabilities such as asset tracking, work order management, maintenance scheduling, and reporting.
Since it functions independently, it is usually not integrated with other enterprise software systems such as ERP or CRM. Standalone EAM software is a perfect choice for organizations with minimal IT resources or those that need only basic asset management features.
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Industry-specific EAM
EAM software that is specific to a particular industry is created to meet the distinctive demands and specifications of that industry. It offers customized features and capabilities that are uniquely suited to address the asset management needs of that industry.
For instance, EAM software tailored to the manufacturing industry might include capabilities like equipment maintenance scheduling, inventory management, and production planning.
Likewise, EAM software solutions designed for healthcare might incorporate features such as medical equipment maintenance scheduling, regulatory compliance monitoring, and patient data management. Such industry-specific EAM software empowers organizations to optimize asset management operations and boost operational efficiency.
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Delivery Model
Delivery model EAM software denotes the approach through which an organization acquires and utilizes EAM software. The three main delivery models are On-Premises, Software as a Service (SaaS), and Hybrid.
On-Premises EAM software is installed and maintained on the organization's servers. SaaS EAM software is hosted and managed by a third-party provider, with access provided through the Internet.
Hybrid EAM software is a combination of On-Premises and SaaS delivery models, with some components hosted on the organization's servers and some hosted by a third-party provider. The preferred delivery model is determined by considerations such as budget, IT resources, and security requirements.
How Does Enterprise Asset Management (EAM) Software Work?
Enterprise Asset Management (EAM) software is a powerful tool that enables organizations to manage their physical assets efficiently. It includes features such as asset tracking, work order management, maintenance scheduling, and reporting.
Asset tracking involves monitoring the movement and usage of assets and inputting relevant data, while work order management manages tasks like assigning them to technicians and tracking progress.
Maintenance scheduling schedules preventive maintenance tasks to ensure assets function at their best, and reporting generates insightful reports on asset usage and maintenance trends.
Reporting generates insightful reports providing an overview of asset usage, maintenance trends, and other critical metrics.
Why Do You Need Enterprise Asset Management Software?
EAM software is a must for organizations that rely on physical assets to operate. Here are some reasons need enterprise asset management software:
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Efficient Asset Management
EAM software centralizes asset information, allowing organizations to manage assets efficiently and make informed decisions. It streamlines asset management by ensuring that all information is in a centralized location and increases operational efficiency by increasing the asset management lifecycle. Investing in asset management software can help companies schedule work orders, manage maintenance activities and allot resources efficiently.
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Increased Productivity
Asset-intensive industries benefit immensely by investing in EAM software as it helps to support infrastructure and increases end results. EAM software automates tasks, reducing downtime and improving productivity, leading to improved customer satisfaction and better financial outcomes. The main advantage of automating tasks is that managers can use the saved time to decide strategic objectives and increase bottom-line business performance.
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Higher Cost Savings
One of the main reasons that companies decide to opt for EAM software is to increase bottom-line profitability. EAM software enables preventive maintenance and better management of spare parts, contributing to cost savings. It also keeps the production levels constant and increases the maintenance levels of assets to ensure higher profits. EAM solutions can also help companies lower the administrative costs associated with the asset management lifecycle.
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Improved Compliance
EAM software helps organizations comply with regulatory requirements related to asset management, avoiding fines and legal action. It ensures the organizational stakeholders are aware of various rules and regulations so that they can comply effectively. Investing in EAM software can help organizations ensure assets are maintained and decrease risk levels by complying with equipment warranty rules and local health regulations effectively.
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Better Decision-Making
EAM software's reporting features provide valuable insights into asset usage, maintenance trends, and critical metrics, helping organizations identify areas for improvement and optimize their operations. It provides all data related to company assets in a centralized location to provide real-time business intelligence to key stakeholders so that they can make better and informed decisions.
Benefits of Enterprise Asset Management (EAM) Software?
EAM software is a specialized application that assists organizations in managing their physical assets effectively. These assets may include machinery, equipment, buildings, and other critical structures required for the organization's operations.
EAM software empowers organizations to make informed decisions regarding their assets, streamline maintenance processes, and attain enhanced operational efficiency.
Let's closely examine the advantages of EAM software and its indispensable role as a tool for organizations that depend on physical assets.
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Centralize Asset Data
Centralized asset data means gathering all information concerning an organization's physical assets into one location that is easily accessible. By doing so, authorized users can access up-to-date and precise asset information at any time, enabling efficient asset management, streamlined maintenance processes, and informed decision-making.
Moreover, centralized asset data aids organizations in complying with regulations and lowering the risk of asset loss or theft.
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Monitor Assets
EAM software is crucial in monitoring assets effectively. It allows organizations to track asset information, assess asset conditions, and schedule maintenance tasks to minimize downtime and optimize asset utilization.
By using EAM software, businesses can monitor asset performance to ensure peak efficiency and make informed decisions about repairing or replacing equipment, leading to cost savings and increased productivity.
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Reduce Costs
EAM software offers organizations various ways to reduce costs. By tracking asset information and condition, businesses can schedule maintenance tasks to avoid downtime, prevent breakdowns, and extend asset life.
The software also enables better inventory management by providing real-time visibility into stock levels, preventing overstocking and understocking. Optimizing asset management and maintenance practices can lead to lower energy consumption and reduced repair and replacement costs.
Furthermore, EAM software can optimize labor resources, resulting in reduced labor costs related to asset management and maintenance.
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Improve Safety
EAM software offers a safety advantage by tracking asset condition and performance, helping organizations identify potential safety hazards and minimize risks. Scheduled maintenance tasks can ensure that assets are functioning correctly and not posing safety threats.
The software also tracks employee training and certification, ensuring workers are adequately trained in equipment operation and maintenance, reducing accidents and injuries.
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Increase Operational Efficiency
EAM software aids businesses in maximizing asset utilization and minimizing downtime by effectively scheduling maintenance and resources. It automates repetitive tasks and streamlines workflows, allowing employees to prioritize crucial activities.
Real-time access to asset data empowers organizations to make well-informed decisions about asset management and maintenance, ultimately resulting in improved operational efficiency and productivity.
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Schedule and Plan Asset Maintenance
A robust EAM maintenance software system can assist businesses in scheduling and planning asset maintenance efficiently. The software provides tools to create maintenance schedules, assign tasks to technicians, and track work orders, ensuring regular maintenance is performed effectively.
By offering real-time visibility into asset data, EAM software can also help identify potential issues early on, enabling proactive maintenance and reducing costly downtime.
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Improve Collaboration and Communication
Businesses can improve collaboration and communication across various teams and departments by leveraging EAM software. This software grants them access to the same asset information and maintenance schedules, avoiding conflicts and ensuring better coordination.
Moreover, EAM software facilitates real-time sharing of notes, updates, and feedback, leading to quicker issue resolution. Additionally, the centralized platform offered by EAM software minimizes the need for lengthy email threads or phone calls.
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Maximize ROI
Strategic implementation of EAM software can generate a substantial increase in a business's return on investment. This potent tool allows EAM software companies to optimize asset utilization, minimize downtime, and decrease maintenance costs through efficient maintenance scheduling and resource allocation. By doing so, productivity is boosted, leading to a more favorable ROI. Additionally, EAM software's capacity to identify potential issues before they escalate enables proactive maintenance, resulting in even more cost savings and a higher ROI.
Features Of Enterprise Asset Management (EAM) Software
Enterprise Asset Management (EAM) software has the core purpose of aiding organizations in efficiently handling their physical assets from creation to retirement. EAM software encompasses asset tracking, maintenance management, work order management, and inventory management as essential features.
Moreover, EAM software empowers organizations with data analytics, which allow them to make informed choices regarding their asset management strategies. Some key features of EAM software include:
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Asset Definition
The precise definition of assets is a fundamental component of the asset tracking feature within EAM software. Accurate asset definition in the EAM system comprises assigning distinctive identification codes, such as asset codes and serial numbers, and documenting essential features like asset type, location, and maintenance history.
This feature enables organizations to track an asset's movement, utilization, and condition throughout its lifecycle, leading to efficient maintenance and reduced downtime. EAM software's asset definition feature aids in maintaining an up-to-date and accurate asset inventory, resulting in optimal asset utilization and enhanced operational efficiency.
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Asset Tracking
The ability to track physical assets in real-time is a crucial component of EAM software. Asset tracking feature in EAM software employs technologies such as RFID or barcode to scan and monitor asset movement within the organization.
Additionally, EAM software provides GPS tracking, enabling organizations to track assets' movement in remote locations. Asset tracking through EAM software ensures precise asset location, minimizes theft risk, and facilitates effective asset management, leading to optimal asset utilization and increased productivity for organizations.
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Asset Scheduling
EAM software's planning and scheduling feature is an indispensable tool that aids organizations in efficient planning, scheduling, and tracking maintenance activities for their physical assets. Users can use this feature to devise maintenance plans for assets, generate work orders, and schedule preventive maintenance activities to avoid equipment failures.
The planning and scheduling feature of EAM software also streamlines resource allocation by ensuring that the requisite equipment, tools, and personnel are available to execute maintenance tasks. By utilizing this feature, organizations can decrease equipment downtime, enhance asset longevity, and boost operational efficiency.
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Supply Chain Management
Movement of goods and services from suppliers to customers is essential, and the Supply Chain Management feature plays a vital role in this aspect. This feature seamlessly integrates with other modules, such as inventory management and purchasing, to streamline the entire supply chain process.
As a result, organizations can optimize their operations, collaborate with suppliers better, and reduce costs while maintaining the desired level of quality.
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Contract and Warranty
EAM software's Contract and Warranty management feature enables organizations to manage their contracts and warranties associated with physical assets efficiently. This feature allows users to create and store contract and warranty details, including terms and conditions, start and end dates, and other critical information.
This feature also tracks important milestones, such as warranty expirations and contract renewals, to ensure that organizations comply with contractual obligations, reduce costs, and maximize asset performance.
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Depreciation
The depreciation management feature in EAM software is a crucial tool that assists organizations in monitoring the value of their assets over time. It aids in the accurate determination of asset value for financial reporting and planning purposes.
Furthermore, this feature enables organizations to forecast the end-of-life of each asset, ensuring that maintenance or replacement occurs promptly.
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Inventory
Inventory management functionality is an important tool when it comes to EAM software. This feature helps in enabling organizations to monitor inventory levels for efficient usage carefully.
Moreover, it also facilitates the overall maintenance of inventory records in an accurate manner, optimization of inventory levels, prevention of relevant stockouts, and reduction of excess or unnecessary inventory.
Additionally, the real-time visibility of inventory levels empowers organizations to make timely decisions and improve overall operational efficiency.
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Maintenance
The maintenance feature in EAM software is critical in assuring the reliability and proper accessibility of assets. It allows organizations to manage preemptive maintenance, workflow orders, and system inspections effectively, resulting in enhanced asset performance and reduced maintenance costs.
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Analytics
The analytics feature of EAM software helps organizations to optimize their asset management strategies by analyzing faulty or critical metrics such as asset performance issues, regulatory/maintenance costs, and inventory levels.
By providing these actionable and valuable insights, in addition to trend identification, predictive maintenance capabilities, and downtime reduction, EAM analytics can lead to improved operational efficiency and significant cost-effective strategies.
Who Uses Enterprise Asset Management Software?
EAM software is a dynamic and versatile solution that is used in a number of industries today.
This software is primarily used to manage assets such as equipment, vehicles, buildings, etc. Let’s take a look at who can benefit the most from implementing robust enterprise asset management solutions.
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Asset Managers
EAM software is critical for asset managers to manage an organization's assets efficiently. This software enables them to track asset performance easily, schedule maintenance activities, and optimize asset life cycles while making data-driven decisions simultaneously.
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Maintenance Teams
Maintenance teams are the primary users of EAM software as it helps them manage and track maintenance-related activities in an efficient manner. The software enables them to schedule preventive maintenance tasks proactively, identify issues before they become critical to handle, and ensure that all assets are operating at their best optimal levels.
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Production Managers
EAM software provides production managers with the necessary tools to effectively monitor equipment performance, schedule maintenance tasks, and optimize equipment utilization to maintain smooth production operations.
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Accountants
EAM software is a valuable asset for accountants as it provides them with the necessary tools to manage asset-related financial data. With this software, they can track depreciation, maintenance costs, and replacement expenses, ensuring compliance with accounting standards while making informed decisions.
How To Choose The Right Enterprise Asset Management (EAM) Software?
When choosing the right Enterprise Asset Management (EAM) software, it is important to consider factors such as the specific needs and requirements of your organization, the scalability of the software, the user interface and ease of use, as well as the vendor's track record and customer support.
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Define Your Requirements
Defining your requirements is an essential step in choosing the right Enterprise Asset Management (EAM) software. This involves identifying the specific needs of your organization, such as the types of assets to be managed, the number of users, and the desired features and functionality.
By clarifying your requirements, you can narrow down your options and select the EAM software that best meets your needs.
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Ensure Scalability
Prioritizing scalability is essential when choosing Enterprise Asset Management (EAM) software to ensure it can handle your organization's growth. The software should be capable of managing increasing numbers of assets, users, and locations as your organization expands.
Choosing a scalable EAM software can lead to significant time and cost savings in the long run by eliminating the need to switch to a new system as your organization evolves.
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Ease of Use
Considering the ease of use is crucial while selecting software as it affects user satisfaction and productivity. Software with a user-friendly interface, intuitive navigation, and clear instructions can minimize the learning curve and increase adoption rates.
Opting for easy-to-use software can also result in fewer errors and support requests, leading to considerable time and cost savings.
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Customer Reviews
Researching the vendor is an essential step before investing in any software. Checking their reputation, experience, and customer reviews can help assess their reliability, support, and product quality.
It is also recommended to evaluate their financial stability and future roadmap to ensure the software can adapt to changing business needs and technological advancements.
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Cost
Cost is a critical factor to consider while choosing software, as it can impact the overall budget and ROI. It is essential to evaluate the software's pricing model, including upfront and ongoing costs, licensing fees, and additional expenses such as training and customization.
Conducting a thorough cost-benefit analysis can help determine whether the software aligns with the organization's financial goals and offers value for money.
Top 5 Enterprise Asset Management (EAM) Software With Pros & Cons
Managing assets efficiently is crucial for any organization, and Enterprise Asset Management (EAM) software can help achieve this goal. With various EAM software solutions available, selecting the best one that aligns with an organization's requirements can be difficult.
Therefore, here's an overview of the five best enterprise asset management software along with their pros and cons, to assist in making an informed decision.
Name
|
Free Trial
|
Demo
|
Pricing
|
---|---|---|---|
14 Days |
Yes |
Custom Pricing | |
7 Days |
Yes | $45/month | |
No |
Yes |
$229/month | |
No |
Yes |
$40/month | |
30 Days |
Yes |
Custom Pricing |
Maximo is one of the most popular enterprise asset management software systems. Originally created by Project management software & Development, Maximo was later named MRO software, with its first public version released in the year 1985.
It was purchased and branded as IBM Maximo Asset Management in 2005. With the latest version released in July 2021, the product was officially renamed to IBM Maximo Manage.. IBM Maximo is a popular EAM software due to its comprehensive asset management and maintenance capabilities.
Key Features
- Robust asset management system
- Multi-cloud based categorization
- Streamlined and scalable licensing
- Single contract solution
- Management suite with a well-integrated set of applications
- Easy CMMS and EAM approach
Pros
- High scalability
- Multiple customization options
- User-friendly interface
Cons
- Expensive in terms of pricing
- Complex setup
- Challenging maintenance issues
Pricing
- The company provides customized pricing.
Upkeep is a user-friendly and affordable EAM software that offers an array of features. It is most commonly known as a scalable asset operations management system that gives maintenance teams the necessary tools and information they need to run their operations efficiently on a day-to-day basis.
Key Features
- Work order management system
- Analytics and reporting management
- Inventory management system
- Purchase and invoice management system
Pros
- Better work order management system
- Enhanced preventive maintenance scheduling
- User-friendly interface
Cons
- Limited customization options
- Reporting features are not advanced
Pricing
UpKeep offers a range of pricing plans, including
- Starter: $45 per user per month
- Professional: $75 per user per month
- Custom enterprise plans are also available for larger organizations
Fracttal One is a cloud-based EAM software that offers real-time asset tracking, maintenance, and reporting capabilities. It is considered one of the best asset management EAM software available in the market.
With its comprehensive and extensive control of mobility and maintenance operations, the EAM software helps you to achieve maximum dependability and operational efficiency of your assets.
Key Features
- Maintenance calendar
- Work order and facility management system
- Proper mileage tracking administration system
- Remote maintenance procedures and speed monitoring
Pros
- User-friendly interface
- Scalable mobile app
- Excellent customer support
Cons
- Occasional glitches in the software reported by some users
- Pricing can be steep for larger organizations
Pricing
- Starter: $229 per month for five users
- Pro: $539 per month for ten users
- Custom enterprise plans are also available for larger organizations
Fiix is developed through AI-powered computerized maintenance management software (CMMS). Fiix helps companies take care of their workflow management issues and manage their assets all in one place with just a few clicks.
Fixx is a cloud-based EAM software with an extensive range of features ideal for all kinds of business organizations. The platform can be integrated with various other software for streamlined workflow management.
Key Features
- Comprehensive asset management suite
- Inventory management
- Preventive maintenance
- Prophylactic tracking and care management system
Pros:
- User-friendly interface
- Preventive maintenance scheduling
- Extensive reporting features
- Robust integration capabilities with other software and systems
Cons:
- Some users have reported occasional bugs in the software
- Pricing can be relatively high that may not be feasible for smaller organizations
Pricing
- Basic: $40 per user per month
- Professional: $60 per user per month
- Custom enterprise plans are also available for larger organizations
IFS Cloud is a simple-to-use, scalable, and efficient EAM software providing a comprehensive set of asset management and maintenance features. It helps in empowering teams with better solutions built for medium to large industries.
Key Features
- Machine learning capabilities
- Inventory management
- Contract Management
- License Management
- Bill of Materials creation and distribution management system
Pros
- Real-time analytics and reporting
- Offers flexible customization and integration options
- User-friendly interface
Cons
- The software is complex in terms of setup and usage
- Relatively high pricing may limit its feasibility for smaller organizations
Pricing
- The company provides custom pricing.
Challenges With Enterprise Asset Management Software
Implementing and using Enterprise Asset Management (EAM) software can pose various challenges for organizations, despite its potential benefits.
Challenges may include complex software setup and usage, extensive data input and management requirements, costly licensing and maintenance fees, and the need for staff training and adoption.
Therefore, understanding these challenges and exploring ways to address them is crucial for the successful implementation and use of EAM software within an organization.
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Lack of Structured Information System
The lack of a structured information system is a common challenge in Enterprise Asset Management Solutions that can lead to data inconsistencies and inefficiencies. Without a centralized system for managing asset data, organizations may struggle with data entry errors, duplication of efforts, and difficulties in analyzing data for decision-making purposes.
Developing and implementing a structured information system is crucial to overcome this challenge and achieve effective EAM solutions.
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Lack of Documentation
Having proper documentation is essential for organizations that utilize an enterprise asset management system; however, it can be challenging for software companies to provide sufficient documentation.
The absence of documentation can lead to inconsistencies in data input and management, resulting in errors and inefficiencies. Furthermore, new users may find it difficult to learn and utilize the software effectively without adequate documentation.
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Lack of Strategic Execution
Implementing EAM software without proper strategic execution can be problematic. If an organization's goals and objectives are not clearly defined, aligning the software's functionality with the company's needs becomes challenging. This can lead to underutilization of the software and failure to achieve the expected benefits.
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Data Accuracy
Data accuracy is crucial in Enterprise Asset Management (EAM) software as it impacts the reliability and effectiveness of asset management processes. Inaccurate data can lead to incorrect decisions, maintenance inefficiencies, and increased costs.
Ensuring data accuracy requires proper documentation, regular data verification, and standardized data entry procedures.
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User Adoption
User adoption can be a significant challenge for organizations implementing Enterprise Asset Management (EAM) software. Without proper training and communication, users may struggle to understand and utilize the software effectively, leading to underutilization and potential errors.
Encouraging user adoption through effective training and support can help ensure the successful implementation and use of EAM software.
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Customization
Customization is an important aspect of Enterprise Asset Management (EAM) software as it allows organizations to tailor the software to their unique needs and workflows. However, excessive customization can lead to complications during software upgrades and maintenance.
Striking a balance between customization and maintaining compatibility with future updates is key to ensuring the long-term success of the EAM software implementation.
Trends In Enterprise Asset Management (EAM) Software
The world of EAM software is dynamic, with new trends emerging to improve asset management continually. Recent trends include the use of cloud-based solutions, the integration of artificial intelligence and machine learning, and a growing emphasis on mobile and remote capabilities.
These trends are revolutionizing asset management, providing opportunities for greater efficiency and cost savings.
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Cloud-based Solutions
Cloud-based solutions are gaining popularity in the realm of Enterprise Asset Management (EAM) software due to their many benefits over traditional on-premise solutions. These advantages include greater accessibility, scalability, and cost-effectiveness.
Additionally, cloud-based EAM solutions provide real-time data analytics and insights, allowing organizations to make informed decisions regarding asset management and maintenance.
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Internet of Things (IoT) Integration
The integration of Internet of Things (IoT) technology is gaining momentum in Enterprise Asset Management (EAM) software. It enables organizations to effectively monitor and analyze asset performance and health by connecting assets to the internet and collecting real-time data. This trend promotes proactive maintenance, increasing asset uptime and reducing maintenance costs.
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Mobile Solutions
Mobile solutions are a growing trend in the field of Enterprise Asset Management (EAM) software, providing users with the ability to access critical asset information from anywhere at any time. These solutions allow field technicians to receive real-time updates and respond to maintenance requests, improving the efficiency and speed of asset maintenance processes.
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Predictive Analytics
Predictive analytics is a trend in Enterprise Asset Management (EAM) software that involves the use of data, algorithms, and machine learning to make predictions about asset performance and maintenance needs.
By analyzing historical and real-time data, organizations can proactively identify potential issues and address them before they become costly problems, leading to increased asset uptime and reduced maintenance costs.
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Industry 4.0
The integration of advanced technologies like IoT, cloud computing, and AI into industrial processes is the focus of the fourth industrial revolution known as Industry 4.0. This integration in EAM software allows for real-time monitoring, predictive maintenance, and optimized asset utilization, leading to increased efficiency and cost savings.
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Artificial Intelligence
AI is a technology that empowers machines to execute tasks that generally require human intelligence. In EAM software, AI can scrutinize vast amounts of data to recognize patterns and forecast asset failures, enabling organizations to execute proactive maintenance strategies and minimize downtime.
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Asset Performance Management (APM)
APM, or Asset Performance Management, comprises a range of software tools and processes that help businesses monitor and optimize their assets' performance. APM software typically collects asset health, utilization, and maintenance history data and employs analytics and machine learning to provide insights that enhance asset performance, minimize downtime, and decrease maintenance expenses.
Conclusion
For organizations striving to stay ahead in the rapidly evolving business environment, EAM software is a crucial technology. It provides real-time insights, predictive analytics, and proactive maintenance strategies that optimize asset utilization and enhance operational excellence while also ensuring regulatory compliance and safety through precise record-keeping of maintenance activities.
So look no further and develop EAM Software from a Software Development Company they can create comprehensive software that is tailored to your business needs and requirements.
Moreover, the integration of advanced technologies like IoT, cloud computing, and AI in Industry 4.0 has made EAM software even more powerful and transformative, allowing organizations to achieve higher levels of efficiency and cost savings.
FAQs
To implement EAM software, organizations typically start by evaluating their asset management needs and selecting a suitable software vendor and solution. Next, the software is configured to match the organization's processes and workflows, and the system is tested and validated. Users are trained to use the software effectively before the system is launched and monitored for optimal performance and value.
Typically, a cross-functional team, including IT experts, asset managers, maintenance technicians, and other relevant stakeholders, is accountable for implementing Enterprise Asset Management (EAM) software. The project manager leads the team and supervises the implementation process to ensure that the software meets the organization's requirements.
The cost of Enterprise Asset Management (EAM) software varies depending on factors such as the size of the organization, the specific features and functionalities required, and the vendor offering the software. It is best to contact vendors for pricing information and to obtain a customized quote based on the organization's specific needs.
CMMS and EAM software differ mainly in their scope. CMMS software focuses on maintenance management and handles work orders, preventive maintenance schedules, and inventory management. EAM software, on the other hand, is a broader solution that manages the entire lifecycle of an organization's assets, from acquisition to disposal.
EAM software includes features such as asset tracking, real-time analytics, and financial management, which are not typically found in CMMS software.
An Enterprise Asset Management (EAM) system aims to manage an organization's assets from acquisition to disposal to enhance performance, prolong lifespan and reduce costs. With real-time data and analytics, EAM systems facilitate data-driven decision-making and improve asset management strategies.
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