Asset Management software is a centralized system for tracking important details on the assets an organization owns and maintains. Assets can be anything including real property (land, buildings, lots, landscaping, ponds, etc.), systems, infrastructure, durable goods, equipment, tools, vehicles, and more.
An asset management system is essential for large organizations with thousands of assets to better manage maintenance costs, maximize their return on investment in assets, and to provide the best facilities service organization-wide (i.e., maximize asset life at the lowest possible cost).
Asset management including a detailed catalog of assets is at the heart of any computerized maintenance management system (CMMS), enterprise asset management (EAM) system or integrated workplace management system (IWMS). Improving the management and data accessibility of assets is key factor in meeting the goal of maximizing asset life. A quality asset management solution helps organizations: understand and analyze the life cycle of each asset, make better procurement and/or disposal decisions, maximize asset efficiency, and reduce unnecessary costs.
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