Enterprise Asset Management Systems

EAM Systems help control, maintain and optimise the quality and performance of operational assets throughout their lifecycle. COSOL have over 22 years experience implementing leading solutions for asset management including IBM Maximo, SAP and Hitachi Ellipse.

Intelligent asset management solutions.

The amount of asset data available to organisations has exploded. The challenge for asset managers, reliability managers and operational teams is they need to be able to easily analyse, understand and act on that data to generate business value.

Enterprise Asset Management (EAM) systems, when leveraged as part of an integrated asset information ecosystem, address these challenges through the capture and management of asset data. They help maintain, control and optimise the quality and performance of operational assets throughout their lifecycle, increasing productive uptime and reducing operational costs.

Core capabilities of enterprise asset management systems include:

Work Management – Centrally manage planned and unplanned work activities and capture asset data direct from the field
Planning and Scheduling – Graphically view work schedules and dispatch crews with the skills and equipment needed for the job
Supply Chain Management – Align the procurement of supplies and contract labour with scheduled maintenance needs
Health and Safety – Reduce overall risk and support regulatory compliance by standardising practices and integrating them with day-to-day operations.

While many commonly used Enterprise Resource Planning (ERP) software platforms include an asset register and may offer EAM system capabilities, they are typically accounting focused and don’t prioritise operational considerations.

A dedicated EAM system, working together with tools like Geographic Information Systems (GIS), mobility, Building Information Models (BIM) or SCADA/IoT within an integrated asset information ecosystem, however, can deliver further business benefits:

Improved asset productivity by reducing cost to run
Improved asset operation through reduced asset downtime and better inventory optimisation.

As part of an integrated Asset Information Ecosystem, a dedicated EAM platform can:

improve asset productivity by reducing cost to run
improve asset operation through reduced asset downtime and better inventory optimisation
improve governance and reduce operational risk
improve problem diagnosis and resolution
extend asset life and reduce inventory costs
reduce unplanned downtime
minimise compliance issues and risk
improve health, safety and security.

COSOL partners with leading technology partners to design, develop and deliver business solutions using the following EAM platforms:

IBM Maximo Application Suite
A single, integrated cloud-based platform that organisations can use to monitor, manage and maintain assets. IBM Maximo Application Suite (MAS) uses AI, IoT and analytics to optimise performance, extend asset lifecycles and reduce operational downtime and costs.
Hitachi Ellipse EAM
A mature enterprise asset management solution, Hitachi Ellipse EAM helps the largest, most complex asset-intensive businesses address lifecycle planning, work management, supply chain, finance and human resource challenges.
SAP ERP Asset Management
SAP ERP is a leading enterprise software solution that integrates asset management functionality alongside core business functions such as finance, procurement, manufacturing, sales and human resources.

COSOL's expert EAM Systems consulting team can advise, implement, optimise and maintain your preferred EAM system. We bring people, process, systems and data specialists together to:

drive value through the asset information ecosystem
deliver technical and process maturity
improve data quality and glean quality insights.

By working with vendor-certified experts to configure functionality and integrate data, you can improve efficiency, profitability and risk management across the asset lifecycle. Our EAM services include:

System assessment / audit
EAM platform deployment and upgrades
Configure EAM solutions to your business
Integrating EAM as part of the asset information ecosystem
Cross vendor migration
Cloud migration
Change management and training
Application Managed Support
Custom development.

Is it time to rethink your enterprise systems?

Planning and executing an EAM/ERP transformation can take time. When the need for change is looming, leaving it to the last minute simply isn’t an option. In this article, we look at some of the drivers for change, weigh the balance of challenge and opportunity, and identify the steps to successful transformation.

REDUCE DOWNTIME
Time lost to equipment failure can be reduced by up to 25% when a dedicated EAM solution is implemented.
RESOLVE ISSUES BEFORE THEY HAPPEN
Collect, analyse and act on asset data to stop reacting to and start preventing equipment breakdowns.

CONSOLIDATE OPERATIONAL APPLICATIONS
A single technology system to manage virtually all asset types. Processes are unified and standardised for wide-ranging functions.
CENTRALISE ASSET INFORMATION
An EAM system tells maintenance managers where an asset is, what it needs, who should work on it and when to automate critical workflows.