In today's economic climate, organizations around the world are facing tremendous pressure to manage their assets proactively across the organization to reduce costs, increase productivity, and respond to a rapidly changing regulatory and economic environment.

Being proactive means having both an accurate inventory and a detailed history of their cost, which includes those relating to operational management, services, and maintenance and repair.

In order for corporate management to make everyday decisions, to plan for the future of a company, and to take advantage of opportunities as they arise, a well-organized, up-to-date inventory of the company's property base is a necessary requirement.

But, to maintain an accurate and clear view of their assets organizations need to "right-size" their asset infrastructure and streamline mission-critical processes such as planning and budgeting, acquisition, movement tracking, maintenance and repair, calibration, and surplus redeployment or disposal.

It is also important to recognize the need not only to manage assets solely from a purchase or maintenance point of view, but also to manage assets from a strategic perspective across the entire organization.

Moreover, by incorporating asset management into daily business routine organizations can achieve measurable cost savings and performance improvements that are sustainable over time. This in turn will help maximize asset utilization and performance, boost product quality, and improve profitability, while reducing compliance cost and risk.

An asset management solution must help speed - rather than impede - business processes and information extraction. It should simplify the process of cataloging inventory by storing asset data in an accessible, centralized database for the purpose of tracking company assets.

For asset-intensive industries, optimization of asset management can be the difference between profit and loss, between regulatory compliance and non-compliance.

The fundamental business goal for asset-intensive industries is to utilize capital assets to provide services at lowest cost, in a safe, secure, sustainable, and sufficient manner.

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SoftExpert EAM Suite enables the whole life optimal management of the physical assets of an organization to maximize value. It provides asset data management, preventive maintenance, work order control, diagnostics management and statistical analysis which can significantly enhance the management of operational assets.

SoftExpert EAM Suite supports management of documentation which ensures that corporate document assets are well managed and accurate (secure, versioned, shared and archived).

SoftExpert EAM Suite enables companies to adopt maintenance best practices, which includes:

• Scheduling preventive maintenance activities during planned downtime. This helps to maximize asset utilization and improve return on assets.
• Monitoring critical levels, readings and event-based conditions.
• Maintaining historical and performance data for high-value assets.
• Automatically generating compliance documentation.

SoftExpert EAM Suite provides you an easy way to perform asset verification from time to time. Through this verification you're able to know what assets are available for usage, are in good operational condition, are in need of repair and/or maintenance, as well as the ones that complete their life-cycle and needs retirement. Asset verification is a very important task as it allows your company to compete successfully. Furthermore, it helps your company streamline operations and assists with resource planning and budget projections.

SoftExpert EAM Suite supports management of calibration activities by incorporating features to integrate documentation, validation, applicable standards and tolerances, and traceability data for all calibrated assets. More effective calibration activities can result in reduced equipment downtime, improved measurement accuracy, along with product quality and compliance efforts.

SoftExpert EAM Suite also supports a wide range of asset-related CAPA processes across all critical asset types, such as measurement and test equipment and instruments, as well as all other production, facilities, and transportation assets. It automates the capture of customer complaints, problem investigations, manufacturing defects or non-conformities, equipment deviation, and other CAPA-related data pertaining to your organization assets.

Most importantly, SoftExpert EAM Suite enables organizations to improve overall quality, and reduce costs and risks associated with a growing number of regulatory compliance and corporate governance processes such as those related to the ISO 9000 Quality Guidelines, Sarbanes-Oxley, ISO 20000, ITIL, FDA 21CFR Part 11 Electronic Record Keeping, Good Manufacturing Practices, OSHA Regulations, and others.

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