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Enterprise Asset Management

Effectively monitor and oversee your organizational assets spanning various departments, business units, and locations

Enterprise Asset Management Software

Tektegra Enterprise Asset Management System is a comprehensive approach to tracking, managing, and maintaining an organization's assets throughout their lifecycle. Assets can include both physical items (such as equipment, machinery, and vehicles) and intangible items (such as software licenses, patents, and intellectual property). The primary goal of an Asset Management System is to optimize asset utilization, reduce costs, enhance efficiency, and ensure compliance with regulations.

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Key components of Tektegra Asset Management System:

EAM involves the planning, design, procurement, construction, operation, maintenance, and decommissioning or disposal of assets. Managing assets throughout their entire lifecycle helps organizations make informed decisions about maintenance, repairs, and replacements.

EAM systems facilitate the creation, assignment, and tracking of work orders for maintenance activities. This includes scheduling maintenance tasks, assigning resources, and documenting the completion of work.

Establish a systematic method for identifying and classifying assets. Assign unique identifiers to each asset for easy tracking.

Maintain a detailed inventory of all assets, including their location, status, and relevant attributes. Regularly update the inventory to reflect changes in asset status or location.

Implement tools and technologies (such as barcode scanners, RFID, or GPS) to track the movement and usage of assets. Monitor the condition and performance of assets to schedule preventive maintenance or replacements.

Schedule and track routine maintenance tasks to ensure the proper functioning of assets. Streamline the process for repairs and replacements when assets malfunction or reach the end of their useful life.

Track the depreciation of assets over time for financial reporting and accounting purposes. Manage costs associated with acquisition, maintenance, and disposal.

Ensure compliance with regulatory requirements related to asset management. Generate reports on asset usage, status, and financial metrics for decision-making and auditing purposes.

Integrate the Asset Management System with oth er business systems, such as Enterprise Resource Planning (ERP) or Customer Relationship Management (CRM), for seamless data flow.

Implement security measures to protect asset data and restrict access to authorized personnel. Use role-based access control to define user permissions based on their responsibilities.

Design the Asset Management System to be scalable and adaptable to the changing needs of the organization.

EAM helps organizations optimize costs associated with asset ownership, including maintenance costs, spare parts inventory, and energy consumption.

By monitoring asset health and performance, EAM systems assist in identifying and mitigating risks associated with equipment failure, regulatory non-compliance, and other operational challenges.

Customizable reports on asset utilization, maintenance, and costs. Data analytics for performance insights.

Attachment of documents such as manuals, warranties, and service contracts to asset records.

Role-based access control to restrict access to sensitive information and audit trails for tracking changes to asset data.

Automated alerts for maintenance due dates, expiring warranties, etc and customizable notification settings.

Monitoring and adherence to SLAs for asset maintenance.

Intuitive and user-friendly interface and quick overview of key metrics.

Predictive analytics for future asset need and budgeting tools for asset-related expenses

Tektegra Asset management provides a range of benefits for organizations

Asset management helps organizations maximize the use of their assets. By efficiently tracking and managing assets, companies can ensure that resources are utilized to their full potential, reducing idle time and increasing overall productivity.

Effective asset management contributes to cost reduction in several ways. Proactive maintenance practices help prevent costly breakdowns, while optimized inventory management ensures that spare parts are available when needed, minimizing downtime. Additionally, asset tracking and data analytics enable better decision-making, reducing unnecessary expenses.

Regular maintenance and timely repairs, facilitated by asset management practices, can extend the lifespan of assets. This not only delays the need for costly replacements but also improves the return on investment for capital-intensive assets.

Asset management streamlines workflows and processes related to asset maintenance, monitoring, and utilization. This results in improved operational efficiency, as tasks are carried out more effectively and with fewer disruptions.

Asset management helps organizations comply with industry regulations and standards by maintaining accurate records, conducting regular inspections, and ensuring that assets meet safety and environmental requirements. This reduces the risk of fines and legal issues.

Asset management systems provide valuable le insights through data analytics, enabling informed decision-making. Organizations can use performance metrics, maintenance histories, and other data to optimize asset strategies, allocate resources effectively, and plan for future investments.

Proactive maintenance, supported by asset management, reduces the likelihood of unplanned downtime. This, in turn, improves the reliability and availability of critical assets, ensuring that they are ready and operational when needed.

Asset management practices contribute to improved safety by ensuring that assets are well-maintained and meet safety standards. Regular inspections and adherence to maintenance schedules reduce the risk of accidents and injuries.

Asset management systems often include features for work order management and task automation. This helps organizations streamline maintenance processes, allocate resources efficiently, and reduce manual errors.

For service-oriented industries, effective asset management can lead to improved customer satisfaction. Reliable and well-maintained assets contribute to the delivery of high-quality products and services, leading to increased customer trust and loyalty.

Asset management allows organizations to monitor and analyze the performance of their assets. By identifying patterns and trends, companies can optimize asset performance, improve energy efficiency, and reduce operational costs.

Data collected through asset management systems provides valuable insights for long-term planning. Organizations can develop strategic plans based on asset lifecycle information, upcoming maintenance needs, and performance trends.

Fixed Asset Management Software

Fixed Asset Management (FAM)

  • Fixed Asset Management (FAM) refers to the process of managing an organization's fixed assets throughout their lifecycle. Fixed assets, also known as property, plant, and equipment (PP&E), include tangible items such as buildings, machinery, vehicles, and furniture that are owned by a company and used in its operations to generate revenue. Tektegra Fixed Asset Management software provides a comprehensive solution for organizations to meticulously document and track fixed assets. It includes detailed information for each asset, encompassing aspects such as cost, useful life, user, custodian, images, scanned documents, and location (with up to 6 levels of specificity). Additionally, it allows for the inclusion of department, cost center, and various other dimensions through the creation of User Defined Characteristics. This holistic approach ensures a thorough and customizable record-keeping system for managing fixed assets efficiently.

Benefits of Tektegra Fixed Asset Management Software

  • Depreciation calculation in accordance with the New Companies Act of 2013.
  • Depreciation aligned with the provisions of the Income Tax Act of 1961.
  • Multi-shift depreciation capability.
  • IFRS compliance with support for US-based MACRS depreciation.
  • Ability to create additional user-defined depreciation books.
  • Custom report creation using the Report Builder feature.
  • Asset AMC/Warranty/Insurance tracking with the ability to attach scan documents.
  • Attachment of asset images, purchase orders, vendor invoices, and other documents to assets.
  • Sale/Discard of assets with an approval process, enabling monitoring of any profit or loss.
  • User-defined email alerts for reminders on pending activities.
  • Complete web-based solution with on-cloud support.
  • Support multi-location operations.
  • Asset tagging options include Barcode/QR Codes/RFID/GPS.
  • Rapid deployment with minimal associated costs.

IT Asset Management Software (ITAM)

Tektegra IT Asset Management (ITAM)

  • IT Asset Management (ITAM) is a specialized domain within asset management, concentrating on the lifecycle management of information technology assets within an organization. These assets encompass hardware, software, networks, and other components related to technology. The primary objective of IT Asset Management is to enhance the utilization, performance, and cost-effectiveness of IT assets, all while maintaining compliance with licensing and regulatory standards. Here are essential facets of IT Asset Management.

ITAM begins with creating and maintaining an accurate inventory of all IT assets in an organization. This includes computers, servers, networking equipment, software licenses, and other devices. With help of our discovery tools automatically identify and catalog assets on the network.

Monitoring the track, the location, status, and alterations to IT assets over time is imperative. This enables organizations to ascertain the locations of their assets, identify users, and understand their present operational conditions

IT assets undergo a lifecycle comprising acquisition, deployment, maintenance, and disposal. ITAM encompasses the oversight of each stage in this lifecycle, from procurement and deployment to retirement or replacement. This guarantees the efficient utilization of assets and the identification and resolution of obsolete or underutilized assets

Verifying adherence to software licensing agreements is a crucial element of ITAM. This entails monitoring software licenses, overseeing software installations, and conducting periodic audits to mitigate legal and financial risks linked to non-compliance.

IT Asset Management aids organizations in fine-tuning expenses associated with IT assets. This encompasses the administration of maintenance and support contracts, pinpointing opportunities for cost savings, and making well-informed decisions regarding hardware and software acquisitions

Recognizing and alleviating risks linked to IT assets is crucial. This involves tackling security vulnerabilities, guaranteeing the application of software patches, and effectively managing the risks associated with hardware failures or potential data breaches.

ITAM provides reporting and analytics capabilities to help organizations make informed decisions. Reports may include information on asset utilization, compliance status, and cost trends.

ITAM can integrates with our IT Service Management tools to streamline processes such as incident management, problem resolution, and change management. This integration ensures that IT assets are effectively supporting business operations.

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