To maximize opportunities and minimize risks, members of an organization should execute planning, monitoring, and control activities. Enterprise Asset Management enables an application to manage an asset throughout its life cycle, from acquisition through disposal, including executing any post-acquisition and disposal obligations. Also, it will help a company achieve its goals because it entails balancing costs, opportunities, and risks against asset performance.


12+ Enterprise Asset Management Software

1. Infor CloudSuite EAM

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Rating: 4.7/5

Price: Custom

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2. Oracle EAM

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Rating: 5/5

Price: $60/Month

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3. UpKeep

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Rating: 5/5

Price: $30/Month

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4. EZOfficeInventory

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Rating: 5/5

Price: $35/Month

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5. IBM Maximo

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Rating: 5/5

Price: $250/Month

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6. SAP EAM

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Rating: 5/5

Price: $167/Month

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7. IFS EAM

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Rating: 5/5

Price: $65/Month

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8. eMaint

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Rating: 5/5

Price: $33/Month

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9. Asset Works

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Rating: 5/5

Price: $2500/Year

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10. MVP Plant

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Rating: 5/5

Price: $75/Month

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11. Maintenance Connection

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Rating: 5/5

Price: $199.00/Month

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12. LimbleCMMS

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Rating: 5/5

Price: Free

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13. Fiix

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Rating: 5/5

Price: Free

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What Is an Enterprise Asset Management Software?

Enterprise asset management is a set of software, systems, and services used to manage and control operational assets and equipment. The goal is to improve asset quality and utilization throughout their lives, increase productive uptime, and lower operating expenses. Workforce management, asset maintenance, planning and scheduling software, supply chain management, environmental, health, and safety efforts are all part of enterprise asset management. EAM is sometimes associated with a computerized maintenance management system. However, a closer examination reveals that they are not the same. Also, a CMMS is one component of EAM, and its primary goal is to centralize information to expedite and automate maintenance management operations.

Benefits

Asset management aids in asset value realization by balancing all financial, environmental, and social costs, risks, data quality software, and asset performance. Its benefits are:

  • Asset-Related Decisions Have Been Improved
  • Risk Management
  • Improved Outputs and Services
  • Compliance that has been demonstrated
  • Efficiencies and effectiveness have increased

Features

A computerized maintenance management system is frequently coupled with EAM. It focuses on centralizing data to make maintenance management operations more accessible and more automated. Also, it is a method of asset lifecycle management that helps assets function well from acquisition until disposal. EAM is critical because it enables businesses to measure, assess, manage, and optimize asset quality and reliability. Some of its features are as follows:

  • Manage scheduled and unscheduled tasks from start to finish, including recording actuals, from a central location.
  • On a Gantt chart, see work orders and preventive maintenance schedules graphically.
  • Concerns about the environment, health, and safety should be documented and reported.

Top 10 Enterprise Asset Management Software

1.  Infor CloudSuite EAM

For the healthcare, chemical, defense, and aerospace sectors, Infor provides cloud-based supply chain, ERP, and financial management solutions. They employ 17,380 people and generate $3 billion in revenue.

2. Oracle EAM

Oracle is a computer technology specializing in providing organizations with IT infrastructure, business web analytics, server, and storage technologies. With a revenue of $3 billion and 17,380 people, they have a 72% approval rating.

3. UpKeep

UpKeep is an online and mobile-based CMMS software that helps firms manage business inventory, measure downtime, and automate workflows. They have a revenue of $1 million and employ 100 people.

4. EZOfficeInventory

EZOfficeInventory is an asset monitoring software that helps organizations manage their inventory and receive report notifications. They have a 71 percent rating and a $21 million revenue.

5. IBM Maximo

IBM Maximo is a computer hardware and enterprise software company that also provides infrastructure, hosting, and consulting services. They have a revenue of $73 billion and 345,900 employees, with a 50% employee satisfaction rate.

6. SAP EAM

SAP EAM is a software and services company that helps companies manage their operations, customer relations, and other related functions. SAP has a $50.4 billion revenue and 84,183 workers.

7. IFS EAM

Customers who manufacture and distribute commodities, maintain assets and manage service-oriented activities use IFS enterprise business management software. They have a revenue of $994 million, 7300 employees, and a 92% customer satisfaction rating.

8. eMaint

For businesses, eMaint designs, develop, manufacture, and deploys computerized maintenance management systems and enterprise asset management software. They have 94 employees and a $14 million revenue.

9. AssetWorks

AssetWorks provides business solutions that assist asset and infrastructure-intensive enterprises in controlling expenses and streamlining operations. AssetWorks has a revenue of $25 million and 275 employees with an 85% satisfaction rate.

10. MVP Plant

The headquarters of MVP Plant is located in Chicago, Illinois. Since April 2012, MVP Plant has been a subsidiary of Anchor Packaging, Inc. MVP Plant has expected revenue of $1 million and fewer than ten employees.

FAQs

What are an organization’s assets?

Nowadays, modern businesses handle a variety of assets. The assets may be stationary, such as buildings, plants, machinery, or mobiles in nature, such as cars, ships, and moving equipment. The lifespan management of high-value physical assets necessitates a regressive approach to planning and execution.

What is the significance of Enterprise Asset Management?

EAM is critical because it aids organizations in tracking, assessing, managing, and optimizing asset quality and reliability. Prevent problems from arising: Asset management software helps preventive maintenance capabilities so that equipment can run reliably and continuously.

What kind of people utilize EAM software?

They employ EAM software to put out preventive maintenance regimens, for example. Reliability managers, facility managers, safety supervisors, network inventory managers, line supervisors, and machine technicians are among the other users of EAM software.

Enterprise asset management refers to the actions that an organization coordinates to maximize the value of its assets and the related activities such as asset policy management, asset management objectives, and asset management processes, which all work together to form the asset management system. Elements and basics are essential for it to function correctly and successfully. They help to bring any process together and make it run smoothly. As a result, corporate asset management has several advantages for firms, including enhanced finances, services, and outputs, among others.


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