Asset Management

Maximize Asset Capability & Lifespan

Efficiently track, manage, and optimize your assets with Evantage's CMMS asset management feature.

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Evantage Asset Management
Asset Management

Benefits of Asset Management in CMMS:

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Improved Asset Lifespan

By maintaining and tracking assets properly, organizations can extend the life of equipment.

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Reduced Downtime

CMMS helps ensure that assets are regularly maintained, reducing the likelihood of unexpected breakdowns.

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Better Budget Management

CMMS helps forecast maintenance expenses, optimize spending, and prevent unnecessary costs, leading to more effective budgeting.

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Increased Efficiency and Productivity

Minimizing asset failure reduces the impact on operations, contributing to operational efficiency.

Asset Management
In Evantage CMMS

Asset Tracking

1.

Asset Tracking and Identification

Evantage's CMMS generate unique QR Code for each of the asset registered and provides detailed records for each asset, including serial numbers, locations, usage history, warranty details, and service intervals.

Asset Lifecycle

2.

Asset Lifecycle Management

Evantage's CMMS tracks the entire lifecycle of each asset, from acquisition to decommissioning. This includes maintenance schedules, repair history, asset depreciation, and end-of-life management.

Maintenance History

3.

Maintenance History and Reporting

Evantage's CMMS stores a detailed history of each asset’s maintenance activities, providing insight into previous repairs, parts replacements, and issues. This data helps identify recurring problems and plan future maintenance actions.

Asset Valuation and Depreciation Tracking

4.

Asset Valuation and Depreciation Tracking

Evantage's CMMS can calculate and track asset depreciation, providing insight into the remaining value of an asset. This information is valuable for budgeting and decision-making about whether to repair, replace, or upgrade equipment.