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Achieving Sustainability Goals with a Cloud Based Asset Management System

Engineer in safety gear talks on radio and points, with wind turbines in the background.

In an era where sustainability is paramount, the energy industry plays a crucial role in achieving environmental goals. However, managing and maintaining assets in the energy sector can be complex and challenging. Fortunately, advancements in technology have paved the way for innovative solutions. One such solution is the implementation of a cloud based asset management system. In this article, we will delve into the benefits and applications of a cloud based asset management system in the energy industry, focusing on the offerings provided by TouchstoneEnergy, a global business systems and IT consultancy dedicated to the energy sector.

What is a cloud based asset management system?

A cloud based asset management system is a digital platform that enables energy companies to effectively manage and maintain their assets with the help of cloud technology. It offers centralised data management, real-time monitoring, predictive maintenance, and other features to optimise operations.

The Power of Cloud Based Asset Management

Enhancing Efficiency and Sustainability

In the quest for sustainability, efficiency is key. A cloud-based asset management system offers numerous advantages that enable energy companies to streamline their operations and achieve sustainability goals:

  • Centralised Data Management: With a cloud-based system like HxGN EAM, energy companies can consolidate data from various assets into a centralised repository. This ensures easy access to critical information, enabling proactive decision-making and minimising downtime.
  • Real-Time Monitoring: By leveraging cloud technology, asset managers gain real-time visibility into the performance and health of their assets. This allows for prompt identification of inefficiencies or anomalies, facilitating swift corrective action to optimise energy consumption.
  • Predictive Maintenance: Cloud-based asset management systems utilise advanced analytics and machine learning algorithms to predict potential asset failures. By detecting issues before they escalate, energy companies can minimise disruptions, extend asset life cycles, and reduce unplanned maintenance costs.

Transforming Maintenance and Operational Management

Effective asset management is a cornerstone of success in the energy industry. A cloud-based system such as HxGN EAM revolutionises maintenance and operational management for energy companies:

  • Work Order Management: Cloud-based asset management systems provide energy companies with a streamlined work order management process. From task assignment to tracking, these systems enable seamless coordination among teams, optimising resource allocation and minimising delays.
  • Inventory Optimisation: With real-time data on asset utilisation and inventory levels, energy companies can optimise their inventory management. This reduces the risk of stockouts, eliminates excess inventory, and ultimately improves overall operational efficiency.
  • Regulatory Compliance: The energy sector operates under stringent regulatory frameworks. A cloud based asset management system helps energy companies stay compliant by providing accurate records, facilitating audits, and automating reporting processes.

TouchstoneEnergy’s Services for the Energy Sector

Expert Implementation Consultancy

At the forefront of cloud-based asset management solutions for the energy sector, TouchstoneEnergy offers expert implementation consultancy services. Our team of experienced professionals understands the unique challenges faced by energy companies and tailors solutions to meet their specific needs. By leveraging our industry expertise and knowledge of the latest technologies, TouchstoneEnergy ensures a seamless and efficient implementation of cloud based asset management systems.

Managed Hosting Services

To further simplify the adoption of a cloud based asset management system, TouchstoneEnergy provides managed hosting services. This eliminates the need for energy companies to invest in additional infrastructure or hire dedicated IT staff. TouchstoneEnergy takes care of hosting and maintenance, ensuring reliable system availability and data security.

Support Services

TouchstoneEnergy recognises that ongoing support is vital for the success of any technology implementation. We provide thorough support services that include frequent system updates, help with troubleshooting, and user training. Energy companies may take advantage of the benefits of our cloud based asset management system and overcome any potential issues with the assistance of TouchstoneEnergy.

Why should energy companies choose TouchstoneEnergy for their cloud based asset management needs?

TouchstoneEnergy is a global business systems and IT consultancy dedicated to the energy sector. We offer expert implementation consultancy, managed hosting services, and comprehensive support services, ensuring a seamless and successful adoption of cloud based asset management systems.

Conclusion

In the pursuit of sustainability, the energy industry must embrace innovative technologies to optimise operations and reduce environmental impact. A cloud based asset management system, such as HxGN EAM, empowers energy companies to achieve their sustainability goals by enhancing efficiency and transforming maintenance and operational management. With expert implementation consultancy from TouchstoneEnergy, energy companies can embark on this transformative journey with confidence. Contact TouchstoneEnergy today, and follow us on Twitter and LinkedIn to stay updated on the latest industry developments and solutions.

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Training

Whether it is refresher training, teaching new member of staff or learning new software, TouchstoneEnergy clients can take advantage of our training services, delivered in bitesize chunks.

Whether your training needs are delivered on site at your office or in our training centre, you can be assured that training and tuition will be delivered by industry experts, experienced in dealing with new and existing users of our systems.

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Support

Our UK-based support Helpdesk team are technical and application experts in all our solutions. They provide our clients with peace of mind that if you experience any issues with your software, when you partner with TouchstoneEnergy there's no need to worry - help is there when you need it. With the choice between an Essential or Premium Support Plan, we give our clients a comprehensive service - whether you want to report a fault or have a question regarding the use of your software.

We work to a published SLA giving our clients the benefit and peace of mind that we do what we say.

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Cloud Hosting & Managed Services   

With over 250 years combined experience of deploying business systems to the Energy sector, our team has the necessary skills and industry knowledge to configure and align your solution with your business processes. With high quality data management solutions and post-deployment support, it's never been easier to manage your business' reporting requirements and strategic management capabilities while reducing spending in the long term.

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System Optimisation

At TouchstoneEnergy, we understand that even the best ERP and EAM systems need regular review and refinement to stay aligned with evolving business goals. That’s where our System Optimisation service comes in.

We work closely with you to analyse how your current system is performing and identify areas for improvement — whether it’s simplifying processes, improving data flow, enhancing reporting, or unlocking underused functionality.

Our proven optimisation frameworks help energy and natural resources companies maximise return on investment, reduce operational friction, and support better decision-making.

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Business System Integrations

We provide Energy companies with an integrated Infor Enterprise solution which comprises of Financial Accounting, Budgets & Forecasts and EAM technology. We provide technical support which helps your business to achieve its goals, and/or with regulatory compliance where necessary.
We have a hands-on approach, working with your team to configure and develop the solution to suit your business needs as well as providing end user training – helping you to streamline your business processes and improve operational efficiency.

Following our initial audit, our specialists will select the right platform to meet your organisation's goals, adopting the best tech solution for your needs.

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System Review

If your finance or business system is no longer meeting your organisation’s requirements, chances are that the system itself is not the issue, but instead it requires updates to ensure it aligns with the changes being made within your business.
Drawing on our extensive experience in the Energy sector, we can review your system and revive it, with optimised and integrated processes, to provide a firm foundation for expansion and ensure that it meets your business needs.

Regulation of all of the systems within your organisation - governance and business processes, time management, money management (including accounting and tax obligations) - is key to a successful project, and to a professional environment generally. Our team can identify where potential issues lie, and use the data we collect to implement new, more effective strategies.

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Implementation and Upgrades

Whether you are considering an ERP project or have already purchased an Infor Solution, implementing a new system will significantly impact the way your organisation operates, so it's important that you select the right implementation partner.

We take the time to listen, learn and understand the requirements of your business, completing a full audit of your business' needs in the first instance. We pride ourselves on being a focused team that truly values what our clients require from their investment, and ensure we achieve success.

Our ERP solutions enable you to leverage industry best practices, run mission-critical operations effectively, and gain insight into each role within your organisation, so that you can adapt to changes.

Our cloud ERP tool is designed for every business, and uses analytics to help with decision making in your organisation.

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