Asset Management Software for your industry – Horizon EBS

Every business keeps track of its fixed assets from IT hardware, company vehicles to less-tangible assets like intellectual property or software licenses. Managing the asset efficiently can drive good ROI from the assets. The only question is how do you manage your asset to reach the desired target?

If your answer is a spreadsheet, it’s time to rethink how you run your business. Using a spreadsheet to track your assets is like using a toothpick to apply jam to your bread. Yes, you can find few places of bread covered, but quickly you will realize you are using the wrong tool.

Whether you are in Construction, MEP, Facility Management, General Contracting, Real Estate, Manufacturing or Trading & Distribution, spreadsheet is not the right choice for tracking your assets.

 

Limitations on using spreadsheets

• Lack of data integrity. Every time when someone makes changes and saves it, there is a possibility of data becoming inaccurate or flawed.
• Limited user access. When multiple users have access, there is a chance of overwriting the data and it can’t be traced back. When only one person has access, it is even worse if they are out of office or leave the company. The misplaced data can cause a huge loss to the company
• Lack of flexibility. Once the spreadsheet to track assets is designed and set to use, it is difficult to make changes in categorizing them.
• Difficult to relate attachments.  User documents, maintenance records, pictures can’t be directly linked for reference. Storing those in external drives and linking can be frustrating to handle.
• No notification on events. Sometimes things slip out of our mind and there is no reminder on calibration dates, maintenance date, etc. which cause serious financial loss

Asset tracking needs are unique for each industry from mobile phones to heavy vehicles and the asset management software should give solutions to all those needs. And when it is integrated with a fully functional Enterprise Resource Planning (ERP) software, it will give you a mind-blowing results.

Benefits of integrating Asset Management with ERP

• Enhanced visibility – All the asset information stored in the integrated asset management and ERP system can give deeper knowledge of asset, and helps to take the right decisions related to the asset lifecycle, maintenance, depreciation, etc.
• Increased uptime – Tracking the asset maintenance information can help improve performance, and optimizing them can reduce downtime and prevent asset failure.
• Complete information – With all the asset information in one place, the organization can take better business decisions. Managers can get a clear detail on where they spend more and plan better on where to invest for organization’s growth.
• Great accuracy – When the Asset management is integrated with an ERP, the required information can be seamlessly transferred between them and offers data consistency. Minimizing human efforts on inputting data can reduce human errors.
• Save money – The system gives the complete knowledge to evaluate and comprehend the Total Cost of Ownership (TCO) of assets from the start of procurement to disposal. The detailed data helps to manage & use asset effectively and thereby control cost.

Thankfully, Horizon EBS - Asset Management Software offers a customized industry specific solution for multiple industry, including:

Industry focus: Facility Management

Focus on operational functions and maintain control over your assets.

Anyone in Facility Management field knows that how fast you need to be when a chiller is busted and building occupants are complaining. Any improper management of assets can spell a big trouble over the business both in short term (poor performance) and long term (complete asset failure).

Horizon EBS – Asset Management software can help you track and keep all your equipment and machinery safe and up-to-date with notifications to alert you on calibrate or maintenance time. Create and define your own rules to alert on maintenance and depreciation to clear it from further use.

Industry focus: Construction

Get better insight and maximize asset usability across multiple sites

With an ever-increasing dependence on raw materials, machinery, equipment, etc., the construction industry needs more insight into the asset than ever before. Implementing an asset management software helps all on-site and off-site workers to collect and access critical asset performance in real-time. With this data, the usability of the asset can be increased across all sites, buildings and plants

With an asset management integrated with ERP solution like Horizon EBS, you can

• Record lifecycle of construction asset
• Realtime asset tracking
• Identify profitable asset

Take better decision and save money having complete control and insight over your asset.

Not limited to the above mentioned industry, Horizon EBS do support asset management in MEP contracting, General Contracting, Real Estate, Trading & Distribution and Manufacturing industry. Learn more about how Horizon EBS – Asset Management Software can fold your industry specific asset tracking needs. Schedule a demo with us to see Horizon EBS in action