The term asset management usually refers to the management of the portfolio. However, for businesses, assets can be real estate, equipment and machinery, vehicles, furniture, computer hardware and software besides financial assets. Human resources is also a reflection of the assets of the company. Companies depend on all these assets to be the key drivers of the business; However, they often do not have a comprehensive asset management system in place to maximize their utilization.
companies are now increasingly recognizing the need to manage assets from a strategic perspective on the entire organization, rather than merely the acquisition or maintenance point of view. From the shop floor to the executive, the responsibility of maximizing the value of the property is responsible for covering all.
Asset Management software is software that helps companies maximize the acquisition, maintenance and utilization of assets that are important for the company and its performance, on maturity. This is an important source of savings for the company and also provides productivity enhancement and regulatory compliance.
Asset Management methodology has four inherent characteristics. These are asset management strategy, training, project management and benefits realization. Asset management software methodology is the delivery framework related to property management software that takes into account these four characteristics and brings together deliver things that are priority-based, gradual and progressive.
asset management software is usually modular and scalable methodology that allows the program to be customized to meet the different needs of individual companies. Depending on the scope of their activities and assets involved, the client company can choose which units will best meet their requirements in implementing asset management solution.
software methodology for good asset management solutions begin with identifying revenue streams related assets to revenues and help to better understand and asset utilization leading to increased productivity and cost savings.