Asset Management

Understanding Asset Management And How It Can

Maximize Asset Life And Improve Productivity

The foundation of any business is your assets. There is no space for downtime, productivity losses, or poor quality in the current economic environment. Maintenance teams are recognized for their ability to keep assets running, while businesses are trying to squeeze as much value out of their assets as possible. As a result, it is important that businesses need to invest time in asset management. 

What Is Asset Management?

Asset management in the finance industry is connected to investment management. Asset management, when applied to an industrial setting, is the process of maximizing an asset’s value to a company over the course of its full existence and doing it in the most economical way possible. In the context of asset management, “assets” refers to any tangible things, including machinery, structures, automobiles, tools, and real estate.

What Does Asset Management Software Do?

Asset management software is a lifesaver if keeping track of thousands of assets on spreadsheets sounds like a nightmare.

Asset management software is a centralized system that helps your organization keep track of important information about each asset in real-time. This lowers administrative expenses, boosts customer satisfaction, and gives your business more insight into how well its assets are being used and how much it will cost to maintain them.KFC Testimonial

Advantages Of Asset Management Software 

Streamline Asset Management 

The eWorkOrders Asset Management module integrates all asset management and tracking into one easy-to-use centralized system.  CMMS helps simplify the management of assets, extend asset life span, improve performance, enhance safety programs and streamline processes.

 
  • Analyze maintenance costs for repairs and replacement.
  • Add photos to document the tools\equipment\facility condition. 
  • Works with handheld computers barcode scanners and smartphones with barcode scanner apps.
  • Stay on top of preventive maintenance.

Improve Asset Performance

Having effective asset management strategies in place, organizations can see the benefits of equipment performing at peak performance, reduced downtime, lower operating costs, and maximizing ROI.

 
  • Track asset tasks and performance across your entire corporation.
  • Minimize asset life cycle costs and maximize profitability.

Tools & Equipment Management

The eWorkOrders Asset Management module integrates all asset management and tracking into one easy-to-use centralized database.  CMMS helps simplify the management of assets, extend asset life span, improve performance, enhance safety programs and streamline processes.

 
  • Analyze maintenance costs for repairs and replacement.
  • Implement a check-in and check-out process for tracking all assets.
  • Add photos to document the tools\equipment\facility condition. 

Real-Time Access To Information From Anywhere

eWorkOrders asset management system is accessible from anywhere on a computer or mobile device. This enables technicians and managers to quickly access asset models, warranties, and more.  Having real-time information available at all times will help you make a better repair or replacement decisions.

Dashboards & KPIs

Our customized dashboards provides real-time insights into asset performance, total downtime, mean time between failures, mean time to repair, and more. Discover breakdown trends and put preventive maintenance routines in place to extend the lifespan of your assets to their full potential.

Improve Return On Assets (ROA)

eWorkOrders provides powerful tools to help organizations maximize Return on Assets (ROA) and minimize maintenance costs.  Optimizing the maintenance of all assets and streamlining processes will lead to decreased expenses and increased revenue.

 
  • Capture and store real-time information from work orders.
  • Create reports that drive Preventive Maintenance schedules.

Asset Management System

Improve Regulatory Compliance Processes

Our comprehensive set of effective maintenance management tools helps improve processes, make passing inspections easier, and promotes a safe work environment seamlessly. CMMS provides detailed information to create dashboards and comprehensive reports to help organizations meet compliance audits and regulations.

 
  • Make compliance easily traceable for audits.
  • Create detailed on-demand reports on assets.
  • Automate processes for tracking standards, new codes, and updating assets.
  • The ability to access each asset’s warranty information, stored within CMMS software, also proves beneficial in processing claims and recouping costs.

CMMS Reporting and Dashboards

With the reporting features in CMMS software, users can make critical decisions related to asset management, such as repair history for equipment replacement. Although an asset may have reached its anticipated lifespan, following an effective preventive maintenance plan could help continue assets operating for years to come.

Cybersecurity Program

eWorkOrders has an ongoing effort to maintain the security of our systems and our customer’s data.  We have utilized a third party, SecuirtyScorecard to analyze and continuously rate how well-prepared we are at preventing cyber-attacks.

We are pleased to announce that we have achieved a perfect SecurityScorecard score of 100 on their scale of 0 – 100.  Click here to view our perfect scores in all of the categories.

Selecting A CMMS Solution To Manage Your Assets – Questions You Should Ask

When selecting the best asset management CMMS software, it’s important to consider:

 
  • Security:  Is your data going to be protected?  Is your vendor going the extra mile to protect your data?
  • Function & Feature:  Does this software meet your requirements?
  • Technology:  Does the vendor offer free upgrades?
  • Training & Support Services:  Does the vendor provide training and support?  What other options are available for new employees?
  • Legacy Systems Integration:  Can legacy systems be integrated into the software?  Will the vendor work with you to support this initiative?

eWorkOrders can answer yes to all of these questions – can your vendor do the same?

eWorkOrders Can Help You Manage Your Assets

Effective asset management requires maintenance management, particularly in asset-intensive industries like oil and gas, electricity and energy, and water and wastewater. If you have assets, there needs to be a system in place for tracking and managing vital asset information because of the impact that it can have on your bottom line.

You’ll be able to develop thorough maintenance plans and make data-driven decisions on the management of your assets when combined with our other maintenance management tools. Please feel free to contact us to learn more about the capabilities of eWorkOrders asset management software.

Integrating and Optimizing CMMS with Geographic Information System (GIS) & Enhanced Image Mapping Technology

Asset Reservation Requests

Enterprise Asset Management


GetApp Category Leader Award for CMMS, Preventive Maintenance, Fixed Asset Management, Work Order, Fleet Maintenance, and Facility Management      #1 Rated Maintenance System for CyberSecurity      Capterra Shortlist Award for CMMS, EAM, Asset Tracking, Fixed Asset Management, Fleet Maintenance, Facility Management, Field Service Management, and Preventive Maintenance