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Benefits and Insights

Why use Assetic?

Key differentiators & advantages of Assetic

  • Decrease Downtime: Decrease unexpected downtime, improve asset health and significantly reduce the chances of catastrophic failures with preventive maintenance plans. 
  • Save Time: Streamline workflows and asset lifecycle management to ease workloads and tasks. 
  • Easily Integrate: Connect with popular document management, finance, BI and other systems for easy import and export of data. 
  • Predict and Control Costs: Compare depreciation data to assess asset lifespan and use multiple methodologies for calculation. Create a capital work program to estimate the budget for future repair and replacement. 
  • Efficiently Manage Maintenance: Calendar-based maintenance scheduling facilitates preventive and predictive maintenance (PM) plans. Any major changes in set asset conditions automatically creates a maintenance request. 

Industry Expertise

Serves public, government, utilities, transportation, real estate, health, education, oil and gas, and mining sectors.

Key Features

  • Asset: Provides over 100 preconfigured, asset-specific categories, attributes and associated fields, along with asset component structure and hierarchy. Also offers: 
    • Valuation: Manage cost of consumption, replacement value and other lifecycle costs. 
    • Dashboards: Configurable dashboards highlight important asset information and the correlation between events and issues. 
    • Mapping: Offers network tracking, asset and maintenance data visualization, integration with GIS systems, and access to all the teams in the field. 
    • Documentation: Supports document management and attaching photos, documents, manuals and URL links to assets. 
    • Reporting: Customize reports by grouping assets through specific criteria or by using personalized filters. Save profiles for reuse. 
    • Integration: Automate integration with third-party systems for all major document management, finance, customer relationship management and other proprietary systems. 
    • Audit: Track all unusual activities and changes made, monitor all the key systems and analyze audit data insights. 
  • Assessments: Define and collect data on asset assessment criteria such as condition, functionality, performance, usage and sustainability on a centralized platform. Also: 
    •  Raise a work order when a defect is identified. 
    •  Ensure collected data is aligned to the set asset hierarchy. 
    •  Create assessment tasks and allocate them to employees responsible for data collection. 
    •  Manage tasks and assessments from start to finish. 
    •  Get standard reports on backlogs, asset replacement programs and component service criterias. 
  • Maintenance:
    • Work Request: Handles requests or integrates with existing request management systems. Link more than one request to a work order and store details of the requestor, documents, photos and other important information. 
    • Work Orders: Save execution time using standard templates and plan for all jobs on one dashboard. 
    • Schedule: Schedule reactive and proactive jobs, and manage maintenance events, work crews and contractors via a drag-and-drop interface. 
    • Preventive Maintenance: Manage and schedule PM based on regular maintenance and triggers, systematic inspections, detection of failure, and corrective actions. 
    • Predictive Maintenance: Automatically creates maintenance events based on preset asset conditions like meter readings. 
    • Project Planning: Plan capital works projects and manage them based on cost, resources, specifications and time. 
    • Maintenance Workflow: Manage user permissions and improve security, team productivity and implementation time. 
    • Dashboards and Reporting: Access real-time maintenance reports and other standard and customized reports. Customize the dashboard to show relevant information to specific users. 
  • Mobility: Use any internet-enabled device to access real-time work information, as well as create and execute work orders and work requests. Web forms collect data on asset conditions, utilization and functionality without internet connectivity. 
  • Accounting: Includes: 
    • Component-Level Accounting: Apply depreciation patterns to individual components and automate the calculation of accumulated depreciation, remaining asset life and more. 
    • Multiple Methodologies: Supports fair value or historical cost methodologies and depreciation methods, including reducing balance, sum of years and condition-based degradation profiles. 
    • Integration: Integrate with finance systems for efficient import and export of data and profiles, using Excel as the interface mechanism. 
    • Lifecycle Management: Provides a single, integrated system. Supports accountants with preconfigured transactions including depreciation, adjustments, additions, capital expenditure, revaluation, indexation and more. 
    • Revalue: Maintain the cost estimate for remaining useful life and replacement, and periodically review it during revaluation periods. 
    • Reporting: Streamline regulatory compliance and receive summarized reports on financial reconciliations. Includes customized reports, balance sheets, depreciation and capital expenditure schedules, and more. 
  • Predictor Platform:
    •  Forecast asset health and monitor the effects of maintenance. 
    •  Forecast changes in the future condition of every asset and evaluate the long-term budget across the entire portfolio. 
    •  Share information on assets and output reports with communities, boards, executives and auditors. 
    •  Allocate available resources to extend asset life and improve performance. 
    •  Convert large dataset to insights with cloud processing capabilities. 
    •  Create a prioritized and integrated program to understand the work required and its financial impact. 
    •  Facilitate best customer service practices in line with international requirements. 
    •  Integrate with GIS, BI and other analytics engines. 

Limitations

User feedback has identified some of the following product limitations at the time of this review:

  •  Converting work requests takes too long and can’t be shortened. 
  •  Time-consuming setup procedure. 

Suite Support

Customers who purchased the solution through a partner should contact the partner directly for support. In addition to the options below, professional services are available for implementation, consultation and integration.

mail_outlineEmail: Included.
phonePhone: Included.
schoolTraining: Options include virtual classroom, self-paced, in-person or a blend of virtual classroom and self-paced. Topics include thorough product training and industry-specific courses. The learning section also offers blog posts, videos and webinars.
local_offerTickets: Not mentioned.

Pricing for EAM Software