AssetWorks: Tools to Simplify Complex Asset Management

The analytics module conducts analysis on the life-cycle cost, component failure, and performance and utilization metrics among others. The replacement management and budget operations including capital budget request, budget approval, and expenditure tracking are carried out by the planning and budgeting module. The procurement module on the other hand creates a list of assets that need to be procured. This module also handles the creation of asset purchase requests, approvals, and purchase orders. Furthermore, the vendor portal, delivery/reconciliation benefits present that are present in this module, completes the CAM solution as a well-rounded EAM offering. In addition, the remarketing module comprised in the CAM handles all aspects of asset disposal including disposal preparation, disposal reconciliation and records management.

AssetWorks is best known for its repertoire of products and services for fleet management, public works and infrastructure, automated fuel management, and EAM applications. Leveraging these offerings has derived multitudinous benefits to clients to overcome most complex business challenges. The Louisiana Property Assistance Agency (LPAA) is one such customer who experienced the windfall of deploying AssetWorks’ EAM solutions, to address numerous issues in their inventory and asset management. The customer practiced conventional pen and paper asset tracking methods that made them suffer slow and error-prone operations, hampering productivity and increasing wastage of time. After approaching AssetWorks, LPAA was outfitted with the EAM solution that allowed them to enjoy faster and accurate asset management. The solution also helped track LPAA’s fixed assets as well as empowered them with transfer and change request management functionality, approval processes, and a detailed audit trail to monitor the assets in the product lifecycle.

The company has charted out a distinct repute in the industry through its persistence in developing cutting edge solutions to serve clients with variety of needs around asset management. For the future, Assetworks aims to vest its attention in augmenting their EAM technology to ensure the customers have access to the most befitting asset management tools available in the landscape.