What is the purpose of an EAM system?
Enterprise asset management systems centralize the asset lifecycle management process, including maintenance, procurement, and dissolution processes.
Enterprise Asset Management Software
Enterprise Asset Management Software Overview
Best Enterprise Asset Management Software include:
IBM Maximo, Asset Panda, AspenONE Asset Performance Management (APM), Infor EAM, QAD EAM, Pronto Xi, Sage Fixed Assets, ABB Ability Ellipse, AVEVA Enterprise Asset Management, formerly Avantis.PRO, and Follett Destiny Resource Manager.
Enterprise Asset Management Products
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Dude Solutions Work and Asset Management is a facilities management application and the flagship component of the company's IWMS technology suite for educational institutions and other industries. Formerly presented under the name of SchoolDude, Dude Solutions offers a complete work…
Sage Fixed Assets provides simplified fixed-asset tracking with comprehensive depreciation calculations, including over 300,000 U.S. and Canadian regulations for businesses, governments and nonprofits.
Asset Panda is a cloud-based barcoding and asset tracking platform from the company of the same name headquartered in Frisco, Texas, that can possibly displace the need for scanners with standard (mobile phone, tablets) mobile devices in barcode scanning.
Archibus is an IWMS solution based on the IWMS capabilities of the former ARCHIBUS product line and the workspace planning and optimization solutions of the former Serraview, which merged with ARCHIBUS in December 2018.
Smartspanner is an online (cloud hosted) CMMS software application that is available on any desktop browser, tablet browser or with the vendor’s iOS app. This solution is designed to make it easier to control maintenance tasks and schedule teams. Smartspanner is designed for any…
The Follett Destiny Resource Manager is an asset tracking and analytics platform for schools and education institutions.
NEXGEN Asset Management, from the company of the same name in Sacramento, is an asset management software that combines a computer maintenance management system with advanced asset management planning tools. Boasting 25 years of practical asset management program and software…
IFS Applications is presented by the vendor as an agile application suite that offers enterprise resource planning (ERP), enterprise asset management (EAM) and enterprise project management, handling 4 core processes:Service & Asset ManagementFull Enterprise Asset Management…
EZOfficeInventory offers simple, cloud-based asset management across multiple locations through the use of barcodes, QR codes, and RFID readers. Tracking reports allow for more streamlined workflows and cost-efficient use of assets.
Fastmaint CMMS is an enterprise asset management (EAM) platform, from SMGlobal headquartered in North Carolina.
Fulcrum Technologies headquartered in Seattle, Washington offers CATS, an enterprise asset management (EAM) platform.
Ellipse is an enterprise asset management (EAM) platform offered by ABB, headquartered in Zurich.
Mainsaver CMMS, from Mainsaver Software headquartered in San Diego, California is an enterprise asset management (EAM) platform.
IMMPOWER CMMS / EAM platform is an enterprise asset management offering from Revere, Inc in Birmingham, Alabama.
Learn More About Enterprise Asset Management Software
What is Enterprise Asset Management (EAM) Software?
Enterprise Asset Management Software (EAM) automates the lifecycle management of physical assets in use across the enterprise. These assets include both fixed assets, such as buildings or machinery, as well as mobile assets like vehicles or even personal devices in some cases. EAM software improves safety compliance and streamlines audit processes, as well as simplifying inventory management and asset lifecycle planning.
EAM products centralize the full lifecycle of asset management, particularly maintenance cycles and audit reporting. Because capital varies widely across industries, EAMs tend to be configurable and/or specialists tailored to the needs of particular industries (e.g. hospitals and healthcare, manufacturing, government, energy, transportation, etc.). Recent advancements have normalized analytics to allow for more intelligent planning, scheduling, and preemptive maintenance/asset lifecycle progression.
Enterprise Asset Management vs. Computerized Maintenance Management Systems
EAM software is often associated with CMMS products because they both emphasize serving maintenance process needs of enterprises. However, EAM products go beyond simple maintenance tracking to include workflow management, asset lifecycle planning, supply chain management features, skills management for maintenance labor, and other features. Some EAM software may also include some financial management capabilities specific to enterprise assets, such as procurement, accounts payable, etc. These extended features allow EAM software to encompass most or all of the asset management functions that enterprises need to track and conduct.
Enterprise Asset Management (EAM) Software Comparison
When comparing different enterprise asset management software, consider these factors:
Integrations: How well does each product integrate with the enterprise’s preexisting ERP, accounting, and facilities management software? Make sure each vendor supports integrations with the specific software the organization already uses, as the specifics of those integrations will have a large impact on how frictionless the asset management workflows are across the enterprise.
Vertical-Specific Support: Consider what customizations are available to the enterprise’s specific industry. Many leading vendors will offer prebuilt industry-specific features, but not all industries can utilize these features. Some enterprises may instead benefit from a more customizable platform in general over industry-specific capabilities.
On-Premise vs. Cloud-Based: SaaS-model EAM software is becoming the norm, but there are still plenty of on-premise options. On-premise is preferable for very security-minded organizations who want a high degree of technical control over their EAM software. However, cloud-based products will be ideal for organizations that don’t want to take on the IT overhead associated with on-premise technology and want a higher degree of accessibility, including functions like mobile applications.
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Frequently Asked Questions
What’s the difference between EAM and computerized maintenance management systems (CMMS)?
CMMS’s are focused exclusively on maintenance, while EAM includes a range of other feature areas in addition to maintenance, such as procurement, supply chain management, and resource planning.
Why is EAM important?
EAM is crucial to ensuring safety compliance and streamlining asset lifecycle management, including making processes more accessible for technicians in the field.
Who uses EAM software?
EAM software is used most frequently by enterprises with a high volume of physical assets. Manufacturing, hospitals, and logistics and distribution industries all typify fields that can get the most out of EAM software.