The Top 10 Enterprise Asset Management Software Providers (Reviewed)

Filed in Articles, Asset Management by on December 24, 2020 0 Comments

Enterprise Asset Management (EAM) software enables businesses from all industries to acquire, manage and analyze physical assets. EAM provides a holistic view of an organization’s physical assets and infrastructure throughout its entire lifecycle, from design, procurement to operations, maintenance, disposal, and replacement.

EAM software market has grown rapidly in recent years, with dozens of options to choose from, making it difficult to find the right solution for your business. To help you choose the best EAM software solution for your business, we have researched and analyzed over 20 providers. Below is our pick of the top 10 enterprise asset management software providers.

The Top 10 Enterprise Asset Management Software Providers

1. IBM Maximo

The IBM Maximo™ Application Suite delivers essential intelligence for a new era of asset management, maintenance, and operations. IBM Maximo extends its market leading CMMS/EAM platform by bringing Asset Performance Management (APM) solutions together into an open, hybrid-cloud-based integrated suite, providing monitoring, maintenance and reliability data in a single platform.

Maximo transforms how organizations manage their assets. Infused with advanced analytics, AI, and industry-customized applications, Maximo provides operations and reliability leaders’ greater insights into the drivers of success and failure within their organization. Clients report transformative results: including downtime being reduced 5-20%, labor utilization increased 10-20%, inventory needs decreased by 20-30% and asset utilization up 3-5%.

With CMMS/EAM and APM applications at our clients fingertips, they gain 360-degree operational visibility into their assets for faster ROI, increased productivity and a broader range of deployment options. Maximo is used by the largest companies in the world including 10 of the 20 largest oil and gas providers, 9 of the 18 largest diversified utilities, and 16 of the 24 largest automotive makers. Reinventing enterprise operations requires a complete view of asset management, best of class tooling and a trusted partner – with the Maximo Application Suite, IBM provides innovation to further enable clients to ultimately create smarter operations, and a smarter business.

2. UpKeep

UpKeep’s CMMS is a modern maintenance and asset management solution for your team. From your desktop to your phone and even your tablet, UpKeep is easily accessible from anywhere at any time. Create work orders on-the-go, get notifications when tasks are updated, and receive alerts straight from your app when assets go down making your business run more efficiently than ever before. UpKeep offers core maintenance functionality, such as asset, inventory and work order management and preventive maintenance to create service schedules. Users can see a tasks overview page showing upcoming work along with due dates, criticality and assets or workers assigned to each.

When adding new tasks, users can include notes, a color-coded priority rating, images, assets and users. The mobile application gives users the ability to create projects, assign work orders, manage assets and more. UpKeep is designed for small to midsize companies across various industry verticals. UpKeep offers services on a monthly subscription basis that includes support via phone, email and through an online knowledge base.

3. Maintenance Connection

Accruent’s Maintenance Connection is a browser-based SaaS application built for the real-time maintenance and management of your organizational assets. Maintenance Connection is a unique solution that combines the benefits of a computerized maintenance management system (CMMS) and the scalability of an enterprise asset management (EAM) software. With its configurable interface, flexible business automation, and RESTful API, Maintenance Connection is built to communicate with your software tool chain while promoting organization-wide collaboration through real-time visibility. Base functionalities include:

  • Complete work order management
  • Preventive maintenance scheduling
  • Asset lifecycle management
  • Inventory & spare parts management
  • Business process automation & notifications
  • Real-time reporting & dashboards

Maintenance Connection can be deployed in the cloud or on-premise and can be accessed from any modern browser using any desktop or mobile device. Each Maintenance Connection subscription comes with a dedicated account executive, unlimited technical support, and access to future updates & enhancements. Accruent’s Maintenance Connection is built to be scalable for any organization, offering extensive flexibility and configurability that ensure deep functionality across major industries like manufacturing, healthcare, and energy creation & distribution.

4. Infor CloudSuite EAM

Infor CloudSuite™ EAM is best-in-class asset management software that helps digitize and optimize maintenance operations to reach new levels of efficiency. This 21st-century solution is built-in industry-specific editions to address unique industry challenges. Unlike niche solutions that simply can’t grow, or ERP add-on products that require extensive customization, CloudSuite EAM is a purpose-built asset management software that’s ready to scale and transform as organizations change and grow. Highlights – Maximize the reliability and performance of assets – Predict equipment failure and carry out preventative maintenance – Comply with strict legal and environmental regulations – Streamline purchasing and procurement – Track labor costs and reduce downtime.

5. MVP Plant

Work Smarter & Faster with the World’s 1st Online and Offline Paperless Work Order System! The CMMS that reliability experts recommend. MVP Plant is an award-winning software created based on years of CMMS, maintenance, and reliability experience. With ultimate ease of use, manage your work, PMs, parts, equipment, people, and purchasing to increase productivity, reduce downtime, and save time and money.

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6. eMaint CMMS

eMaint CMMS – an industry-leading CMMS software solution. eMaint Computerized Maintenance Management System (CMMS) software is an award-winning solution for managing work orders, PM schedules, and parts inventory. eMaint is part of the Fluke Corporation, and its CMMS software has 50,000+ users worldwide. It provides the ability to reduce downtime, improve reliability, and streamline the maintenance processes. eMaint delivers a robust asset reliability platform, with seamless integration of maintenance tools and related software solutions to help organizations maximize uptime.

eMaint combined with Fluke world-renowned condition monitoring, testing, and calibration equipment, offers the opportunity to unlock even more business value. With Fluke and eMaint together, customers can greatly simplify complex workflows. Flexible and configurable interface with the customizability of eMaint CMMS, you can work the way you want to work without feeling constrained by your software. We recognize that every industry, company, and department is different – you use different terminology, have different processes in place, comply with different regulations, and so on.

eMaint makes it easy to configure your CMMS to fit your needs. This flexible CMMS software empowers organizations to define and customize filters, layouts, fields, field properties, tables, colors and themes, workflows, dashboards, and record displays. A simple solution for your team Use our simple and intuitive CMMS interface to make maintenance management more efficient and cost-effective for team members at all levels and roles, from maintenance technicians to upper management. With the eMaint mobile CMMS solution, technicians can view and closeout work orders from the field, making it easy to complete work on the go. The maintenance data is then transformed into reports that are meaningful to your organization.

7. SAP EAM

SAP EAM is a software that manage the entire asset lifecycle with real-time visibility into asset performance and powerful analytics, its easier to optimize asset usage, shrink costs, better manage capital expenditures, and ultimately maximize your return on assets (ROA) including fixed property, plant, and equipment

8. Nuvolo

Nuvolo Enterprise Asset Management (EAM) provides secure and integrated operational technology management that empowers business agility and growth.

9. CHEQROOM

CHEQROOM builds smart asset tracking software. Our online platform lets teams manage and track valuable equipment from anywhere. It enables sophisticated inventory control without the hassle of out-of-date spreadsheets or the need to invest in expensive technology. Our customers are broadcasting, video production companies, equipment manufacturers and universities. They include: Google, Fox Sports, ESPN, DJI, Fujifilm, Harvard University, Kent State University and Ohio University.

10. Fracttal Asset Cloud

Fracttal is a Cloud-based Computerized Maintenance Management Software (CMMS) and Enterprise Asset Management (EAM). With Fracttal, companies can monitor all aspects of maintenance management like equipment, providers, technicians, schedules, spare parts, costs, work orders, emergencies, and warranties. By using Fracttal, companies solve their maintenance performance challenges, allows them to reduce downtime and increase productivity, which will permit them to run more efficiently.

Who Uses Enterprise Asset Management Software?

Utilities and energy managers

Plenty of utilities managers must continue to make environmental concerns a top priority. With EAM software, energy consumption can be monitored on a regular basis, ensuring that no energy is being wasted. Furthermore, EAM systems can help utilities managers improve sustainability while simultaneously enhancing equipment, facility, and vehicle management.

Manufacturers

Manufacturers often deal with audits and inspections aimed at ensuring their products are up to code; EAM software enables manufacturers to streamline and prioritize audit activities. When an audit comes around, the EAM software will display a list of what assets need to be audited and the process on how to audit them. This will reduce the amount of time spent on each audit, freeing up more time for manufacturers.

Enterprise Asset Management Software Features

Asset lifecycle management

Keep all asset data and documentation at your fingertips, so it’s there when you need it—regardless of where you are in the asset’s lifecycle.

Work order management

Diagnose a problem, and quickly assign specific technicians to the job. Schedule and organize work orders for employees and contractors, and keep track of upcoming work.

MRO materials management

Control costs with full oversight into inventory procurement and management. Understand the demand for materials at your facility and manage parts accordingly.

Labor management

Manage assessment, training, and certification for employees and contractors responsible for asset management in your organization.

Service contract management

Control compliance and spending at every step of the contract lifecycle. Create and manage contracts and service agreements with customers, vendors, partners, and employees.

Financial management

Gather data on work order costs, and integrate with finance software to manage accounting and project spending.

Reporting and analytics

Analyze asset performance to spot issues before they become bigger problems. Collect key performance indicators for your entire facility to make better business decisions.

Key Benefits of Enterprise Asset Management Software

  • Efficiently oversee and manage all company assets in one central database
  • Reduce costs by extending the life of company assets through monitoring and maintenance
  • Eliminate wasteful spending through identifying which assets are not efficient and useful
  • Reduce paperwork by monitoring all assets digitally
  • Improve health and safety practices by conducting routine safety inspections on assets

EAM Vs. CMMS: What’s the Difference?

Since both enterprise asset management (EAM) systems and computerized maintenance management systems (CMMS) help users track assets, they are often compared to each other. While they do serve the same overall purpose, the reality is that they are quite different. CMMS focus on small and mid-market businesses, while EAM is more focused on helping large enterprises manage a wide variety of assets and also provide detailed tools to track costs, optimize performance, and manage asset resources. In this sense, EAM software is more dynamic and offers more business functionality than a CMMS. For example, CMMS often focuses on machinery and physical assets, while EAM software can track machinery as well as broader asset categories such as IT assets and facilities as a whole.

Furthermore, CMMS is oftentimes more concerned with the maintenance of a particular asset during its lifetime. On the other hand, EAM software is intended to manage the entire lifecycle of an asset all the way from creation to disposal. EAM software takes asset management a step further by not only covering maintenance but also handling external business functions such as accounting, procurement, and project management. In this regard, large businesses that are looking for software to help them manage a wide array of assets as well as handle multiple business functions should be looking to use EAM software. EAM solutions will offer businesses a more holistic view of company assets and a better sense of how they are performing in the field.

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