What is EAM software?
EAM, or enterprise asset management software, provides a holistic view of an organization’s physical assets and infrastructure throughout their entire lifecycle, from design, commission or procurement, through to operation, maintenance, disposal, and replacement.
Basically, EAM software manages everything that makes your business a business.
Asset lifecycle management
Keep all data and documentation for all your assets at your fingertips, so it’s there when you need it—regardless of where you are in the asset’s lifecycle.
Work order management
Diagnose a problem, and quickly assign specific technicians to the job. Schedule and organize work orders for employees and contractors and keep track of any upcoming work.
MRO materials management
Get full oversight on procurement and inventory management. EAM software helps you control costs by understanding demand for materials in your facility, and managing parts accordingly.
Manage assessment, training, and certification for employees and contractors responsible for asset management in your organization.
Service contract management
Control compliance and spending at every step of the contract lifecycle. Create and manage contracts and service agreements with customers, vendors, partners, and employees.
Gather data on the costs associated with work orders, and integrate with finance software in order to manage accounting and project costing.
Reporting and analytics
Analyze assets and their performance to spot issues before they become bigger problems. Collect key performance indicators for your entire facility to make better business decisions.
What’s the difference between CMMS and EAM?
At first glance, the differences between CMMS and EAM software are minimal—both help organizations move from a reactive to a preventive maintenance strategy by automating maintenance activities, inventory management, and work orders.
But as the name indicates, a computerized maintenance management system (CMMS) is used primarily to manage maintenance during the operational part of an asset’s life—the time when it’s up and running and working as a productive part of a facility.
Enterprise asset management software, on the other hand, manages the entire lifecycle of an asset. Everything from creation or procurement through to disposal. It tends to cater to a larger number of users with multiple sites, and includes capabilities like lifecycle planning.
Basically, EAM software lets you see a much bigger picture. It gives you an overview of priorities and lets you see what tools—including finances, skills, materials, and information—are at your disposal to meet those priorities.