EAM

6 BEST ENTERPRISE ASSET MANAGEMENT SOFTWARE FOR 2023

BEST TOP 6 ENTERPRISE ASSET MANAGEMENT SOFTWARE THAT YOU WILL WANT TO USE IN 2022

As you read this, are you now aware of the condition of your assets? An organization's assets are everything, yet managing them on your own can be challenging. Most businesses use EAM software to digitize several process elements in order to boost efficiency and dependability. Then, how do you decide which asset management program to pick? We've produced a list of the best options to help you make an informed choice. Read on for more information. 1: Infor EAM 2: SAP EAM 3: Maximo by IBM 4: Aveva,  5: eMaint, 6: Asset Panda, 
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YOUR NEW EXPERIENCE OF ENTERPRISE ASSET MANAGEMENT SOFTWARE PLATFORM TECHNOLOGY

ENTERPRISE ASSET MANAGEMENT
My top suggestions for the best ENTERPRISE ASSET MANAGEMENT SOFTWARE to utilize this year are as follows

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What is Asset Enterprise Management software

From acquisition to disposal, asset management software aids in the tracking and management of physical assets. These assets include things like large machinery, fleets of vehicles, and computers and other office supplies.

You need real-time data to make decisions about asset management, maintenance, and disposal because assets are such an essential component of your organization. This need is met in part by EAM software, which forecasts possible faults and breakdowns in order to prevent them from occurring and ensure optimal asset performance.

For small & large, INFOR EAM is the Ultimate All-in-One Tool for ENTERPRISE ASSET MANAGEMENT SOFTWARE

THE best overall EAM tool platform
for online businesses

A resource for managing assets, work orders, preventative maintenance, materials, inventories, budgets, and projects, Infor EAM is an asset management solution. Additionally, you may create reports, track manpower, check KPIs, and add routes to work orders.

It is offered in industry-specific editions and can be deployed in the cloud, on-premises, or in a hybrid configuration to meet your business’s needs.

What is Asset Management Software?

From acquisition to disposal, asset management software aids in the tracking and management of physical assets. These assets include things like large machinery, fleets of vehicles, and computers and other office supplies.

You need real-time data to make decisions about asset management, maintenance, and disposal because assets are such an essential component of your organization. This need is met in part by EAM software, which forecasts possible faults and breakdowns in order to prevent them from occurring and ensure optimal asset performance.

A centralized system for real-time tracking and recording of all tangible and intangible assets or services is an asset management tool. You may see asset location, usage, maintenance, and cost information. You can handle crucial documents and asset life cycles, from acquisition through maintenance and disposal, with the help of such solutions.

Primary Benefits

It is simpler to keep track of maintenance needs and depreciation expenses with a dependable asset management solution. These are crucial to ensuring that all assets and machinery are in excellent functioning order and can fully serve the firm. Regular maintenance is essential since unexpected failures and repairs can be expensive for your company.

By 2028, it is anticipated that the asset management market would be worth more than $17.04 billion.

Asset management offers a number of significant advantages, including reduced administrative expenses, increased asset utilization, simple compliance, quicker audits, and improved services. It enables you to control software and hardware from one place. You may manage assets from various locations from anywhere in the world thanks to it as well.

Key Features

Asset life cycle management, preventative maintenance, asset inventory management, scheduling, reporting, and other capabilities are among the fundamental characteristics and essential requirements of asset management solutions. Additionally, some solutions provide capabilities like fleet management, license management, performance tracking, and vendor management..

In what ways might asset management tools benefit your company?

  1. Optimum Asset Utilization.

It’s only reasonable to expect a corporate asset to bring in money when it is purchased. However, the asset needs to be kept in working order in order to do it optimally. Otherwise, underusing assets might result in big losses over the long and short terms.

Software for asset management is especially useful in this situation. These technologies enable you to determine whether an asset is performing at its peak levels by gathering all necessary data about the asset in one location. You can then optimize how the asset is used as a consequence.

  1. Reduction In Maintenance Expenses.

Ineffective asset management reduces an asset’s operational lifespan and results in excessive maintenance costs. Throughout an asset’s life cycle, every organization must deal with a number of maintenance difficulties that reduce earnings.

By monitoring the requirement for maintenance, asset management software aids in your avoidance of these expenses. All asset data, including warranties and licenses, is kept in one knowledge base by these systems, where it can be accessed and used to cut maintenance costs.

  1. Enables Real-time Asset Management.

You must keep track of assets in real-time when your company has many moving elements, as in an e-commerce enterprise. Using GPS technology, asset management software enables real-time asset position tracking.

You can more effectively track and manage your assets as a result. Additionally, real-time asset tracking makes it more likely that none of your assets will go missing and increases employee accountability.

  1. Detailed Asset Reports.

Accurate and effective reporting is crucial to any management function. Although you can keep track of and generate impromptu summaries of your asset inventory using spreadsheets, this is a laborious procedure that doesn’t make much sense in the tech-enabled world of today.

Instead, specialized asset management software enables you to produce in-depth reports on your assets’ performance and potential improvements. This enables you to clearly and thoroughly explain your findings to high management.

  1. Enhanced Productivity.

Systems for automating asset management increase productivity by freeing up your human staff from menial duties. For example, if your assets are RFID-tagged, they can be tracked and automatically scanned as they go through your business process.

The workers can then focus on carrying out tasks that demand human interaction and critical thought. Additionally, it helps reduce labor expenditures and streamline your workforce.

  1. Enables Better Asset Audits.

Asset auditing may be a difficult undertaking and place a lot of pressure on any organization. However, audits are necessary and cannot be avoided because they give you a better understanding of the assets that your organization is managing.

 

Reviews about us

We’re a reader-supported publication. Learn more about how we independently research, test, review, and suggest the best products. We may receive a commission if you purchase something after clicking on one of our links.

Our Methodology

Our writers researched the most popular ENTERPRISE ASSET MANAGEMENT software on the market . They looked at 10 different pieces of software in total, screened alternatives from ten different companies and makers, reviewed 25 user evaluations (both good and negative), and tested three of the pieces of software themselves before making their final recommendations. All of this study has resulted in advice that you can rely on

What people says....

SUMMARY

  • Utilizing asset tracking and maintenance software can help you conduct audits more efficiently and with fewer compliance mistakes. These solutions make sure that the business can conduct asset audits without experiencing too many difficulties by giving you reliable data about your assets.

    Your understanding of which suppliers to include in your shortlist for asset management systems with the required features should have improved after reading this quick summary, hopefully. Depending on the size of your company, your budget, and other requirements, some will be a better fit. To learn more about the possibilities, see our entire EAM comparison analysis.

    Which software programs for asset management do you believe should be added but aren’t? Tell us why in a comment below!

ENTERPRISE ASSET MANAGEMENT
#1: Why Choose INFOR EAM: Best FOR LARGE ENTERPRISES

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: Infor EAM

OVERALL SCORE
4.9/5
4.7/5

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ABOUT INFOR EAM

A resource for managing assets, work orders, preventative maintenance, materials, inventories, budgets, and projects, Infor EAM is an asset management solution. Additionally, you may create reports, track manpower, check KPIs, and add routes to work orders.

It is offered in industry-specific editions and can be deployed in the cloud, on-premises, or in a hybrid configuration to meet your business’s needs.

INFOR EAM

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SAP EAM

OVERALL SCORE
4.9/5
4.7/5

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ABOUT SAP EAM

Your buildings, cars, assets, equipment, and machines may all be managed with the aid of SAP EAM, an asset management solution. You can use it to keep up with facility maintenance, perform timely maintenance, track asset life cycles, and examine reports to make data-driven decisions. Utilizing it can increase ROI, reduce failures, guarantee security, and ensure compliance.

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IBM Maximo

OVERALL SCORE
4.8/5
4.5/5

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ABOUT IBM MAXIMO

IBM’s Maximo is an asset management tool that supports contract administration, preventative maintenance planning, and asset and equipment monitoring. It has features like inventory management, space management, preventive maintenance, reports, integration, and more. It also provides a number of mobile apps for different roles for both iOS and Android smartphones.

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Aveva

OVERALL SCORE
4.75/5
4.6/5

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ABOUT AVEVA

Asset, maintenance, inventory, and procurement operations are all part of Aveva’s asset management enterprise system. By integrating planned routine maintenance with predictive part replacement, extending asset life spans, and boosting ROI, it enables users to maintain optimal asset performance. It can meet the demands of even the most asset-intensive sectors because to its broad range of capabilities.

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eMaint

OVERALL SCORE
4.7/5
4.5/5

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ABOUT eMAINT

Fluke Reliability, a division of the Fluke Corporation, offers eMaint, a well-known and popular maintenance management program. It offers a strong, adaptable, and easy-to-use interface that coordinates team-based asset management and maintenance planning activities to save time and money.

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Asset Panda

OVERALL SCORE
4.7/5
4.7/5

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ABOUT ASSET PANDA

Asset Panda is an asset management system that specializes in managing IT assets like software and technology as well as physical assets like tools, consumables, and equipment. A wide range of custom reports, audits, and automated processes are available to access and evaluate the data. The product’s advanced feature set enables you to track assets individually or in groups, connect supplementary information like maintenance records, and access and analyze the data.

There is a barcode feature that enables you to create barcodes for assets with GPS data that can be read through a mobile app, making it easier to track physical assets. One advantageous feature of Asset Panda is that it allows you to establish an infinite number of inventory configurations that you may customize for your needs.

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Any confusions

Frequently Asked Questions

  • A system for managing assets can serve several purposes. All kinds of assets can be tracked using an asset management tool. You can keep track of both physical and digital assets with asset management software. Inventory, hardware, software, and other types of software can all be tracked using asset management software.

 

Its asset management technologies provide lifetime management, detailed reporting, and tracking. Additionally, it includes complete inventory management capabilities that allow you to keep track of and stay current on stock levels.

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