Enterprise Asset Management offers a myriad of benefits to an asset-heavy company. But did you know that Enterprise Asset Management software can help companies organize themselves? Intensified regulatory regimes force infrastructure management to increase efficiency and operational excellence.
Implementing SAP Asset Manager not only helps to contain operating costs but can significantly improve productivity and asset performance, through better organization. Investing time and money to implement Enterprise Asset Management software can greatly reduce downtime of equipment as well as provide better processes for maintaining and managing the vital assets of a company.
What is an Enterprise Asset Manager?
SAP enterprise asset management is a revolutionary asset maintenance and general management solution that addresses the need to monitor the assets of a company. An asset management software, powered by state-of-the-art innovations, ensures asset-intensive businesses get a holistic perspective of their resources across all locations, facilities, business units, or departments.
Enterprise Asset Management system comes with a range of benefits including speedy maintenance routines, easier contract management, better organization, and simplified tracking of assets.
Benefits of SAP S/4HANA enterprise asset management
Enterprise Asset Management systems can transform organizational behavior. It is designed to provide a unified platform for managing physical assets. SAP Asset Manager keeps your most critical assets and resources at their best performance, regardless of industry.
SAP for asset management offers robust features for managing, tracking, and gaining insight into your asset performance and cost throughout the asset life cycle.
It serves all facets of your company relating to asset management. It incorporates functionalities such as investment strategies, portfolio planning, design, construction, maintenance, rehabilitation, substitution, and disposal of assets.
Increased Visibility into Assets
SAP enterprise asset management software immediately offers an enterprise the right tools to organize its asset portfolio faster and more efficiently. This software reduces the burden of paperwork. Paper-based systems only allow businesses to gather limited information about their assets.
SAP Asset Manager provides increased mobility of all corporate assets through reporting and insight, helping identifying areas for improvement and excellent performance.
A company can drive real change through the realization of a tangible performance. Therefore, Enterprise Asset Manager helps organizations identify problems quicker, monitor performance indicators, and address issues before they arise.
The advantages of this extensively designed software go beyond the management of vital assets. It provides a one-stop-shop for all data about the physical assets of the company to every employee, every department, and every location. Just to name a few, this covers lifecycle costs, maintenance history, energy usage, purchase orders, warranty catalogs, and audit reports.
Multiple Integration Options
You can use different applications to manage contracts, purchase orders, and request for proposals (RFPs) in a single SAP enterprise asset management software. Accounting may use this to process MRO invoices and budgets. It can be used by materials administrators to handle inventories, storerooms, and warehouses.
You can integrate enterprise asset management solution with building automation systems, regulatory control, and data acquisition (SCADA) You can get real-time information on energy use and asset condition across all units. In addition, SAP Asset Manager can integrate with ERP systems to ensure current and accurate financials.
SAP enterprise asset management is intended to take a proactive approach. The software keeps you on top of maintenance and asset management, and work towards a preventive measure plan. Where properties need maintenance and repairs, the system will prompt you. When it has been set up, the system can produce work orders, purchase orders, RFPs automatically on the basis of the schedules you have created, allowing completion of the work.
Mobile-friendly Asset Management
Mobile technology is making a big shift in asset and expense control. The good thing is that there is a corresponding mobile app for the iOS, Android and Windows operating systems, This makes it possible for many Enterprise Asset Management systems to make repair and asset management on the go. Technicians can review records of repairs, audit trails, catalogs of access pieces, implement new work orders, and place purchase orders, etc, from the SAP asset manager ios and SAP asset manager android.
Efficient and well-organized systems could save up to 60 percent of your time spent in handling paperwork. This means great progress in turnaround times for repairs, increased work orders, decreased operating costs, and maximized sales.
Furthermore, SAP enterprise asset management systems eliminate the need for costly emergency repairs, increase the life cycle and uptime of assets through predictive maintenance, condition tracking, and preventive measures.
Companies can save money on fines and negative publicity without preemptive inspections. They can save on administrative overhead, with more efficient and streamlined processes.
Efficient Enterprise Asset Management solutions coupled with excellent business processes help organizations in refining their work processes, improving working conditions, and spot areas that need betterment. Thus, they can make insightful changes in the right areas, with the right people. They can help you run your organization smoothly and efficiently throughout the year.