The Role of Facilities Management Software in Enhancing Asset Management.
Maintaining high-quality asset management within your business is a crucial part of ensuring smooth operations within your facilities, from compliance to predictive maintenance. All aspects of your assets need to be covered to ensure the safety and comfort of your team. This blog will explain how facilities management software plays a crucial role in creating the most efficient and secure environment for all involved.
Centralised Asset Management Register
All your facility’s assets are organised in a single, comprehensive database using facility management software, which also stores important data such as warranties, specifications, and purchase dates, all of which are necessary for regular maintenance and audits. Real-time tracking of all assets enables easy access and better oversight across multiple sites, improving visibility and prolonging asset lifespan through better care and monitoring.
Maintenance History and Tracking
FM software provides safe records of all activities being carried out on assets, for example, maintenance and repair, which creates historical data that allows the tracking of repeat issues and when replacement is cost-effective as opposed to repair. FM software can also automate reminders and maintenance schedules, which are optimised to reduce downtime. These functions allow your team to focus on what matters most: the growth of your business.
Warranty Management
Warranties can be stored and tracked in one place with FM software, ensuring any repairs or replacements can be claimed before expiry dates and automated notifications sent out so deadlines are not missed, avoiding unnecessary costs. FM software can track which suppliers are responsible under warranty for each asset in the building and simplify any claims being processed by providing all required information instantly.
Asset Lifecycle Management
Facilities management software can monitor the entire lifecycle of assets, from procurement to disposal. Every stage is carefully managed with indicators to alert to depreciation signs and enable proactive planning of replacements, saving costs and enhancing efficiency. Schedules are established for each asset, aligning maintenance with asset age and condition to prolong its lifespan, while providing data on cost, performance, and reliability to identify the ideal time for asset replacement.
Condition Monitoring and Predictive Maintenance
FM software’s integration capabilities enable you to work seamlessly with work orders, asset registers, and lifecycle management, featuring real-time asset monitoring that tracks performance metrics such as vibrations, temperatures, and other indicators to identify early signs of issues. This minimises emergency repairs and replacement costs by addressing issues proactively.
Compliance and Regulatory Tracking
FM software will enable you to maintain all your compliance records for every asset, including safety certificates, inspection reports, and audit reports, in a centralised database. This will enable you to receive automated reminders for pending inspections, renewals, or compliance dates, avoiding slips and keeping your business compliant with all the laws and regulations.
It will also provide you with reports that indicate compliance status for all your facilities and link them to assets, ensuring that your assets are properly managed and documented.
In summary, facilities management software puts you and your assets in the best position to not only run efficiently but also ensure you are meeting all necessary and appropriate compliance regulations. From asset register and lifecycle management to planning for the future, your assets are optimised when under smart-technology software.
Ready to streamline your resource management? Call us today and discover how our software can optimise your asset management strategy.
