Easily Shortlist the Best EAM Software to Better Manage Your Facilities, Equipment & Enterprise Assets.

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1521+ Businesses Have Used Comparesoft to Shortlist EAM Software

BAE Systems
PwC
Barclays
Hilton
Just Eat
Invesco
Transport for London
Siemens
Oxford University

Why Compare EAM Software with Comparesoft?

Customised Shortlist
Customised Shortlist

Customised shortlist of EAM software that meets your requirements.

Industry Case Studies
Industry Case Studies

We'll find relevant enterprise asset management software case studies matching your industry.

See Product Images and Demo
See Product Images and Demo

You will see video demonstration or overviews of the software that are tailored to your needs.

Implementation Timescales
Implementation Timescales

You can compare different enterprise asset management software based on implementation timescales.

Product Brochures
Product Brochures

You will get comprehensive and useful information about the software that match your requirements.

Price
Price

Indicative price points so that you can select the software aligned with your budget.

Compare EAM Software

How Comparesoft Works

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Select your EAM Software Requirements
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Choose from the Software Options that meet your Requirements
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Ask Questions, Take Trials and Book Demos of your Favoured Products

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Knowledge Guides for Enterprise Asset Management

Date 19th Sep 2019
Comparing the Benefits of EAM Cloud vs. EAM On-Premise

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Date 10th Oct 2019
5 Key Enterprise Asset Management Considerations

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Date 17th Sep 2019
What is EAM and When to Implement it into your Business

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Buyer's Guide for EAM Software

What is EAM?

EAM focuses on managing the lifestyle of physical assets in order to maximise the length of use, reduce costs, and improve quality and efficiency.

In this context, “Enterprise” means the way that assets interact across the company. This includes input from a number of other departments and locations, even support departments such as Human Resources.

Enterprise assets are usually fixed; buildings, machinery and plants. But can also include moving equipment like ships, vehicles and aeroplanes.

What is EAM Software?

EAM Maintenance Software helps enterprises collect, manage and maintain the physical assets that they rely on. The Software registers the buying, operations, production and disposal of all assets.

Collecting the data you need, then taking the time to analyse it, can have an effective impact on your asset management strategy. You also need to be able to assess your bottom line quickly, and ensure that your assets remain profitable.

You might be thinking that this all sounds like CMMS. But, whilst there are some similarities between EAM and CMMS software, they’re not the same.

CMMS is used to manage maintenance, whereas EAM maintenance software manages the entire lifecycle of an asset.

5 Factors to Consider When Shortlisting EAM Software

1. Usability

The single most important factor in executing your asset strategy is how well your EAM software is used by your team. There are two types of usage. One type is passive usage, which is when your team members have no choice but to use the software. The second type is active usage, which is when your team members like to use software.

With active usage, all of the data is entered easily and correctly. This means your software gets used comprehensively, and you get useful reports and actionable insights. Generic demos and product images are a good source to understand the usability of EAM Software.

2. Industry Relevance

Choosing an EAM Software that is well adopted by your industry or a relevant industry ensures you are not re-inventing the wheel.

Software Features, Implementation, Data Import and Reporting are some of the key areas where industry-relevant software can substantially reduce adoption costs and positively influence usage.

3. Reporting and Real-Time Alerts

Data and reports drive most businesses. Whilst usability controls the accuracy of data entered in your EAM Software, the accurate configuration of reports ensures you monitor and execute your asset management plan.

The key here is to look for the depth of easiness to configure and fine-tune your reports. Most business dynamics change bi-annually if not quarterly. Your management software should be able to easily address your ongoing reporting requirements. Most businesses turn to spreadsheets when reporting gets difficult, it starts as a one-off instance but soon can become the standard way of managing your reporting requirements.

4. Product Features

The speed and quality of new features (software release cycle) can be underestimated. We use software to enhance the effectiveness and efficiency of our assets so it is vital that new software features always help us to get more out of our software investment and assets.

Version release cycles of your chosen software should be closely understood before you sign on the dotted line. A 6 to 9 months release cycle is considered a good release cycle. Anything beyond 18 months should be closely understood.

5. Implementation Time Scales

There are two elements here; one is how long a typical implementation takes, and the second is planned vs actual implementation success rate.

Software that is well adopted by your industry should be quicker to implement. There are always trade-off's when it comes to implementation. A long implementation cycle sometimes is necessary if your business processes are unique.

Sometimes, long implementation cycles can also be a sign of difficult software customisation or data import procedures. Your EAM software vendor should be able to supply planned vs actual success rates from previous implementations during pre-sales discussions.

Faq’s

Frequently Asked Questions

Helping to Answer all of the Questions you have About EAM Software

Q A
What is the Meaning of EAM?

The main purpose and meaning of EAM (Enterprise Asset Management) is to allow a business to effectively manage the life cycle of its physical assets. This allows the business to maximise the length of use, reduce costs, and improve quality and efficiency.

EAM is most usually incorporated into larger organisations that have employees across multiple sites, to help see the bigger picture of their asset database.

Although there may be other software solutions, the purpose of EAM is to solely manage a business's enterprise assets. These enterprise assets are usually fixed assets and can include buildings, machinery, ships, vehicles, aeroplanes and more.

Q A
How do I Find the Best EAM Solutions?

When it comes to finding the best enterprise asset management solution (EAM) for you and your business, there are many variables that should be taken into consideration. The key to understanding what enterprise management software suits your business best is to first understand the physical assets that make up your business.

These physical business assets can depend on what sector and industry your business is in, and also the size of your business. For example, implementing an EAM solution into a council would have greater efficiency than introducing it into a food and catering company. This is because council assets are made up of larger physical assets such as buildings, roads, housing and care homes.

Another example of using EAM software for larger assets would be a utility's business. This business would class physical assets, such as an electrical or water grid system, as a valuable asset that needs effective management.

So, it’s important to remember that what may seem like the best enterprise asset management solution for one business, may not be the best option for your business.

Q A
Do I Need to Implement CMMS or EAM Software?

The topic of whether you should implement CMMS or EAM software into your business has always been hazy. It can be difficult to split the two when it comes to features and tools. And, with some modern software vendors now offering CMMS and EAM hybrid models, it can be even harder to choose between to the two maintenance systems.

When comparing the two, they both have similar purposes and functionalities. However, an EAM system offers a much broader range of features and tools such as tracking, budget management and document management.

If you're a small or medium-sized business (SMB) and are looking to just design and implement a preventive maintenance program, then a CMMS system is for you.

However, for large organisations with multiple site and various assets, implementing EAM software is the obvious choice. Modern EAM software can combine maintenance and management capabilities with effective features and tools that help track costs, understand an asset life-cycle and analyse data trends.

Q A
What are the Best EAM Software Features for Effective Management?

Most modern systems are packed full of tools that increase asset efficiency in the workplace, but what are some of the best EAM software tools and features available to your business?

By having a much broader range of features, an enterprise asset management is much more than just a maintenance system. The benefit of having a wide range of features in an application is to enhance the management opportunities that best suit your business. Some tools featured in most modern EAM systems include:

1. The ability to store all asset and infrastructure data in one accessible centralised system

This allows you to have a greater overview of current and past physical assets, while also letting you forecasting and budget much more efficiently.

2. The ability to track assets in real-time

This is ideal to understand the process of an asset's life-cycle, from planning and acquisition to disposal. This can also include all types of tools for fleet management, document management, energy monitoring, preventive maintenance and much more.

Q A
What EAM Software Vendors can I Shortlist and Compare?

Here at Comparesoft, we pride ourselves on having the best EAM software vendors in the UK that can match the tracking needs of all businesses. By having such a high-quality list of vendors, we are then able to provide you with a detailed list that meets your requirements.

Once you have completed our EAM software questionnaire and informed us of your management needs, we use natural language processing and machine learning to identify and match the right products for you.

As well as providing a list of quality enterprise asset management software vendors, we will also identify the top three results that we believe to be the best suit for your business based on the results of your questionnaire.

Q A
What Enterprise Asset Management Tools are Typically Found in EAM Software?

Enterprise asset management tools are acknowledged as the main features of EAM software, with each tool offering a valuable solution. The benefit of having a management software with a range of tools is to enhance the management opportunities that best suit your business.

Modern EAM systems feature a wide array of effective enterprise asset management tools. But the three tools most typically found in an EAM application are asset tracking capabilities, maintenance scheduling and cloud functionalities.

Tracking capabilities can include the use of GPS and Barcoding to consistently track a business's enterprise asset's in real-time. This can be extremely beneficial for tracking and maintaining fleet vehicles in a company.

Another valuable tool often found in EAM software is the ability to track the entire life cycle of an asset, from acquisition to disposal. Having this knowledge allows for planning future spend and detailing a maintenance and repair schedule to avoid harmful asset downtime.

Q A
Which of My Business Assets Can be Managed by EAM Software?

The main purpose of EAM software is to effectively manage the life cycle of a business's physical assets. This is to maximise the length of use, which can then reduce costs and improve the quality and efficiency of these assets.

It is a common view that all enterprise assets are fixed, such as machinery, plants and buildings. Although this is true, enterprise assets can also include moving equipment such as vehicles, aeroplanes and ships.

For example, a council's enterprise assets can be roads, buildings, care homes and housing. Whereas, a utility company could identify a water or electrical grid system as key assets.

One major benefit of implementing an EAM system is the ability to have a complete overview of all physical business assets and infrastructure. Although other solutions for managing assets may offer the same functionality, this is the sole focus of EAM software.

Q A
Is it Best to Implement an EAM Cloud or EAM On-Premise System?

Whereas only a decade ago EAM systems where accessed entirely from an on-premise data centre, vendors of modern-day EAM applications can now offer cloud-based SaaS models. With some vendors even offering a hybrid between the two.

Although most EAM services are geared towards a cloud-based set-up, there are some advantages to implementing an EAM On-Premise data centre. Benefits can include having a dedicated IT support team to carry out updates and maintenance, internally handling data security and reduced costs for the long-term.

But an On-Premise EAM system can have its drawbacks, such as its lack of mobile-friendly integration and cloud systems. Plus, although it may be more cost-efficient in the long-term, it can come with a hefty up-front price tag and can have a lengthy installation process.

On the other hand, an EAM Cloud set-up comes with its own benefits. These include manageable up-front costs, high-level 24/7 data security monitoring, and easy-to-use cloud applications that all employees can access.