Top Solutions for Enterprise Asset Management Software

One of the reasons why EAM software helps organizations is to manage physical assets as part of the lifecycle-of-acquisition, installation, maintenance, and retirement. As a facility manager and maintenance professional, proper EAM solutions play a vital role in shaping proactive maintenance plans that minimise downtime, maximise the useful life of assets and minimise the cost of operation.

EAM software enables teams to predict failures by centralizing data on assets, performing preventive maintenance promptly, and using real-time data analytics to make evidence-based decisions that can positively influence organizational performance. On this blog, we identify the best EAM software solutions that can be used to address various industrial requirements and provide an idea on which one to use in your operations.

Highest Rated EAM Software by Your Peers

When you select the appropriate EAM software, you are considering the presence of key players that contribute in a unique manner. Lists of the most successful EAM platforms are provided in detail below, in easy-to-read listicles that describe the key features, benefits, and situations that best fit the application:

1. Cryotos

• Mobile Interface: Cryotos will be mobile first, so the technician can work on maintenance at any location even when no connection to the Internet is available.
• Dynamic Workflow/ Checklist Management: Tailor asset care with specific and standardized maintenance checklists and workflows.
• AI-Scheduling: Goes beyond task scheduling and manages the spares parts inventory to minimize stock-outs and carrying costs.
• Real Time Work Order Tracking: It offers real time updates on the maintenance status of a project with photo annotations and automatic notifications.
• Best For: Organizations that want a small to medium-sized enterprise with an accessible and mobile-friendly tool with AI capabilities.

2. IBM Maximo

• Complete Asset Lifecycle Management: The solution that helps to manage assets of various industries and provides the complete set of lifecycle management tools.
• Advanced Analytics and AI: Predictive maintenance is an AI-based application used to predict equipment failures and prioritize work.
• Strong Compliance & Safety Modules: Automates the process of following stringent industry standards and health and safety measures.
• Very Customizable and integrative: Scaleable modules and integration with the IoT and ERP environments.
• Ideal: Large companies with large assets and assets that need scalable solutions at enterprise level.

3. SAP EAM

• Accessible to SAP ERP: Provides the flow of data between asset management and the rest of business operations such as finance and procurement.
• Maintenance run: Preventive, predictive and corrective maintenance, controlled by AI.
• Regulatory Compliance Management: Ensures that the business is operating under the industry requirements in terms of production, utilities and transportation.
• Technical Object/Project Management: Links asset maintenance plans to the general business goals.
• Ideal For: Companies that are already using SAP or require deep integration of ERP applications and high compliance capabilities.

4. Fiix

• Cloud-Based and Friendly Interface: Intuitive interface which makes rapid adoption by all maintenance teams.
• Condition-Based Maintenance: Uses sensor information to perform maintenance only where necessary to maximize resource utilization.
• Unlimited Data storage of historical data: Historical data is used in the analysis of asset performance through extensive historical records.
• Configurable Dashboards and Reporting: Assists in monitoring and benchmarking maintenance KPIs to achieve a continuous improvement.
• Best For: Companies that are interested in a convenient cloud platform that is dedicated to data-driven maintenance.

5. UpKeep

• Mobile-First Interface: This solution will enable field technicians to have access to work orders, asset history, and inventory using smartphones.
• Real-Time Asset Performance Monitoring: Potential to provide proactive maintenance and a reduction of emergency repair.
• Automation Capabilities: Eases the task of assigning routine maintenance tasks and follow-up.
• Powerful Analytics: Recognizes the restrictions of the maintenance process and helps to work with it to improve.
• Best For: Organizations requiring improved field team productivity that is mobile and automated.

6. MaintainX

• Flexible Maintenance Strategies: Facilitates traditional preventive, condition-based and predictive maintenance programs.
• Complex Inventory Control: tracks the location of components and makes purchases automatically through ERP integration.
• Detailed Reporting and Dashboards: Provides information on reliability of assets, repair expenses and efficiency of maintenance.
• Teamwork Tools: Makes communication between the maintenance, operations, and management teams easier.
• Recommended use: Teams willing to upgrade maintenance to proactive based on data.

7. Limble CMMS

• Centralized Maintenance Management: integrates workorder control, preventive schedules and asset databases within a centralized system.
• Mobile app support: Allows technicians to update tasks in real time anywhere.
• Automated Inventory Controls: This triggers reorder points of the spare parts to eliminate shortages.
• Answers Reporting/Analysis: Monitors resource allocation, costs and downtime in order to streamline workflows.
• Ideal For: Medium sized businesses that require easy installation and viable mobile support.

8. Aset Panda

• Extremely Customizable Asset Tracking: Barcode and QR code scanning to deliver current asset location and status.
• Audit and Compliance Tools: Enables regular audits and reporting of regulations.
• Adaptable Data Storage and role security: One place storage of asset information using role-based access controls to shield sensitive information.
• Integrations: interacts with ERP, procurement, and other business systems to achieve workflow efficiency.
• Perfectly Suited: Companies that need to scale and securely track their assets and comply with regulations.

9. eMaint

• Configuration Work Order and Assets: customized to industry and business needs.
• Multi-Site Management: Manages both the assets in different locations, and with role-based access.
• Predictive and Preventive Maintenance: Uptime optimization schedule is automated.
• Smart Reporting: Produces reportable audit and useful maintenance data.
• Most Suited: Firms that require scalable CMMS that is elastic and has high EAM.

Such a step-by-step break down enables those in charge of maintenance and those in charge of the facility to quickly understand the areas where each solution can best perform and the areas where it can perform to make an informed decision to choose the proactive method of asset management.

How to Choose the Right EAM Software?

The choice of the best Enterprise Asset Management (EAM) software is a strategic choice that will have a lot of influence on maintenance operations, asset lifecycle optimization, and organizational efficiency. When making a decision, you should know well what you need at a particular time and what you would want to achieve in the long run. The following are broad considerations:

1. Know the needs of your organization.

It is advisable to perform a thorough analysis of your organization asset management problems and maintenance processes before considering software options.

 Identify:

• Managing equipment, facilities, infrastructure; the size and nature of the assets involved.
• The sophistication of your maintenance process (low-tech preventive maintenance or high-tech predictive analytics).
• The industry-specific compliance and regulatory requirements.
• Connection to existing systems ERP, procurement or IoT.
• Analytics and reporting facilities required to make decisions.

Engaging cross-functional stakeholders such as maintenance technicians, IT members, and finance groups will help to ensure that various views influence the requirements to improve adoption and reduce blind spots.

2. Put Usability and Accessibility First.

Ease of use is paramount. Intuitive and mobile-friendly software will promote increased uptake by field technicians and facility managers who require access to asset information and work orders at any time.

Look for:

• Well-designed user interface that is uncluttered.
• Mobile applications that allow the offline functionality of technicians in remote locations or with signal issues.
• Basic work processes that minimize training and operational pressure.

Selecting a solution with a matching level of digital literacy of your team will decrease opposition and speed up the achievement of benefits.

3.Compare the Essentials to Your Requirements.

Although all EAM systems have common basic capabilities, feature variability may influence effectiveness:

• Scheduling of preventive and predictive maintenance to minimize breakdowns.
• Live track asset management and monitoring.
• Management that supports prioritization and communication of work orders.
• Inventory and procurement optimization of spare parts.
• KPI (uptime, maintenance costs, compliance adherence, etc.) reporting and analytics dashboards.

Evaluate what is needed to be added to the product today and what would be nice to add in the future to not invest in features that are not necessary.

4.Check Integration Facilities.

EAM works better when seamlessly integrated with your existing software ecosystem, allowing the creation of an effective data flow. verify that the EAM solution supports:

• ERP to bridge sales and overhead costs to the financial plan.
• Condition-based maintenance triggers. IoT and sensor data platforms.
• To automate reorders, procurement and inventory systems.
• Scalability and remote access cloud platforms and mobile device compatibility.

A software integrating into your technology stack will lessen human data input and create one point of reference concerning asset data.

5. Make sure it is Scalable and Flexible.

Your property and business base will develop and your maintenance plans can change. Choose an EAM platform that:

• Serves a variety of sites and high volumes of assets.
• Supports workflow that can be configured to match dynamic processes.
• Allows role-based permissions to seek control/access balance.

Scalability helps to secure your investment and maintain the process of enhancing asset management.

6. Take into account Vendor Support and Implementation Services.

Close support by the vendor is essential to effective software acquisition and continued use.

 Evaluate:

• Development of your staff.
• Reactive technical and customer service.
• Self-help and user community documentation.
• Customization and consulting services on demand.
• An enabling partner will help to overcome obstacles in rollout and even beyond.

7. Determine Total cost of ownership (TCO) and Return on investment (ROI).

• In addition to license fees, include:
• Implementation and training costs.
• Installment payments or services.
• Integration costs and customizations costs.
• Savings in time spent on downtime reduction, longer equipment life and processes made easier.

An elaborate cost benefit analysis that is in line with your business objectives will help you make smarter investment decisions.

The following considerations will allow maintenance providers and facility managers to reduce the list of potential EAM solutions to one that would suit their current operation needs, and which would also provide a path forward in proactive and data-driven asset management to provide quantifiable business value.

Conclusion:

Enterprise Asset Management software is a platform on which proactive maintenance and operational excellence are built. The following solutions, discussed here, provide a variety of capabilities depending on the size of operations and the industry. Using these tools, maintenance workers can minimize unplanned down-time, increase the service life of assets and enhance the overall effectiveness of this equipment. An appropriate selection process that is based on usability, features, and integration opportunity will enable organizations to deploy an EAM system with confidence that will generate a quantifiable business value and future-proof asset management.