Enterprise Asset Management Solution (EAMS): The Key to Working Smarter

Do you want your business operations to run more smoothly and efficiently? Then you should consider an Enterprise Asset Management System (EAMS). Think of EAMS as a tool that helps you manage and maintain all your business assets—like equipment, machinery, and facilities—ensuring they stay in top shape. Let’s start by defining what EAMS means.

What is an Enterprise Asset Management Solution EAMS? 

Enterprise Asset Management Solution is a system of processes and tools for managing and maintaining an organisation’s assets and equipment, ensuring they are available, reliable, and capable of contributing to the business objectives.

EAM software has several features to track, manage, and analyse the performance of assets and costs from when the asset is acquired to when it is disposed.

In the past, EAM systems were seen as complicated tools for storing asset information. But now, businesses need more than just data storage. Today’s EAM systems use advanced technologies like AI and predictive analytics to do much more.

What are the Benefits of Using Enterprise Asset Management Software?

Efficient Use of Assets/Resources

If you’ve had to make replacements now and then for the same asset that’s supposed to span over some time, consider getting an EAM Solution. An Enterprise Asset Management System leverages real-time data and predictive maintenance to help extend the life of assets, reducing downtime and ensuring you get the highest return on investment.

Data-Driven Decision Making

EAM systems provide a comprehensive view of your asset performance, maintenance needs, and compliance requirements, enabling managers to make informed decisions. This way, your facility, fleet or asset managers do not have to rely on the ‘so help me God’ technique to make decisions.

Improved Compliance and Risk Management

Adhering to regulatory standards is non-negotiable for asset-intensive companies. EAM Solutions ensures compliance and mitigates risks by maintaining accurate records and facilitating audits. Effective lifecycle and maintenance management reduces the likelihood of asset failures and associated risks.

Sustainability Management

The environment is depleting as the days go by, and we all have a responsibility to at least slow down the depletion rate for our good. As an organisation, EAM software can play a vital role in environmental control by appropriately utilising resources and reducing waste. That way, your organisation can boast of contributing to keeping the earth safe while still meeting business goals

Enhanced Employee Engagement

The workload becomes overwhelming for the few available staff members because they must process everything manually. This leads to the staff being burned out, unhappy and a need to employ more staff to relieve them of some of the workload.

An Enterprise Asset Management System makes life easier for your staff by automating most of the manual processes, allowing them to focus on other rewarding work and saving you the cost of paying higher salaries.

Do you see how rewarding an EAMS can be to your company’s assets and business in general? It gets even more interesting because there’s a lot that can be achieved with an EAM system. Stick with us and see what you have been missing all along.

One great EAM solution provider you can bank on is Sysserve Solutions. The Instanta Management Software covers the management of various assets of your organisation.

“Instanta has been very helpful in tracking our maintenance request from initiation to completion and a source of history of work done per unit and general maintenance reporting. It is highly recommended for a performance-based result.”

Allow your fleet, facility, or asset management team to work flexibly and be more productive, as the bulk of the manual activities will be automated, giving room for accountability and more control. 

You can schedule a demo to learn more about how our Enterprise Asset Management Systems can boost your company’s productivity and save you costs in the long run.

If you’ve stuck with me this far, I’m guessing you’ve got some thoughts swirling around. And I totally understand—investing in an Enterprise Asset Management System, or EAMS, might seem like a big expense upfront. But here’s how I like to think about it: managing your assets manually is kind of like trying to navigate a ship without GPS. Sure, you might get where you’re going eventually, but what’s the real cost?

So let’s dive into the cost-benefit of bringing in an EAMS. By the time we’re done, you’ll have a pretty clear idea of whether it’s worth it or not. So let’s dive into the cost-benefit of bringing in an EAMS. By the time we’re done, you’ll have a pretty clear idea of whether it’s worth it or not.

What is the Cost-Benefit of Implementing an Enterprise Asset Management System?

A renewable energy company was hesitant at first about investing in an advanced Enterprise Asset Management (EAM) system because of the high upfront cost. After much consideration, they took the plunge. Two years later, the benefits were undeniable—maintenance costs dropped by 30%, asset lifespan increased, and unplanned downtime was reduced by 40%. Not only were the financial gains clear, but employee morale and customer satisfaction improved as well.

Implementing an EAM system is a significant investment, but the long-term return can be substantial. Benefits include reduced maintenance costs, longer asset life, better efficiency, and regulatory compliance. However, a thorough ROI analysis is key. This analysis should look beyond direct costs and consider the indirect advantages, like improved productivity and risk reduction.

Key factors to consider in an ROI analysis are:

• Reduced Maintenance Costs: Proactive and predictive maintenance can significantly reduce expenses associated with asset breakdowns by preventing failures.
  
• Increased Asset Lifespan: Proper asset management can extend the useful life of assets, delaying the need for costly replacements. 
  
• Operational Efficiency: Streamlined processes lead to time savings and increased productivity.

The Importance of User Training and Support

A tool is only as effective as its user. This is especially true with an EAM system. User training isn’t a one-time event but an ongoing process that needs to evolve with system updates. Having a reliable support system for users is also essential for addressing issues and maintaining efficiency.

Comprehensive training programs help to:

• Ensure Proper Use: Training allows employees to make the most of the system’s features.
  
• Minimise Errors: Well-trained employees are less likely to make costly mistakes.
  
• Promote Adoption: Adequate training reduces resistance to new systems.

Companies trust Instanta, a leading EAM software provider in Nigeria and Africa, for their asset management needs. Over the years, Instanta has earned a reputation for its reliability and strong user support, making it the go-to choice for businesses across the region.

SysServe Solutions Limited was able to seamlessly solve the challenge my firm had with “Delayed Approval”. With their Facility and Property Management Software, approvals are gotten immediately, regardless of the location of managers. SysServe’s FMS is easy to use, flexible and their support (off-site and on-site) is speedy.

Abajigin Hannah

Human Resources Manager

“The most interesting thing about Instanta is its simplicity and flexibility, it can adapt to any good process. Working with the Instanta team is also interesting.The drive to make systems work, overcoming challenges by our team that were constraints to the implementation, and always ready to go the extra mile to make Instanta acceptable to all teams. Thanks Instanta Team for your hard work, God bless.”

Abiodun Adetayo

Head, Audit, Risk & Compliance

C & I Leasing

If you’re on the lookout for an Enterprise Asset Management Solution in Nigeria to ensure your assets are in the best condition and fully maximised. In that case, Instanta is your best bet. Instanta not only helps businesses reach their goals but also provides ongoing support to ensure clients get the best results. If you’re searching for a reliable Enterprise Asset Management solution in Nigeria to keep your assets in top condition and fully maximized, Instanta is the ideal choice.

Conclusion

An Enterprise Asset Management Solution is more than a system; it’s a strategic tool that, when leveraged effectively, can transform how businesses manage their assets. From improved decision-making to enhanced sustainability, reduced downtime, extended asset lifespan, improved reporting and documentation, better financial management, risk mitigation, increased productivity, and cost saving. 

You can be sure that once integration is done, your team can begin to work smarter and become more productive.