If you’ve ever done any research into Enterprise Asset Management (also known as EAM) or thought about adopting an EAM system for your energy business, then it’s highly likely that you’ll have come across – or at least heard of the Infor EAM platform. Today, however, this is a name that has been consigned to history because in October 2021 Infor sold their EAM platform to Swedish company Hexagon, and what was Infor EAM has now become HxGN EAM.
What does an Enterprise Asset Management platform do?
An Enterprise Asset Management platform is a suite of software tools used to manage and maintain a business’ assets for example operational equipment, plant and machinery, buildings and fleet. Unlike a Computerised Maintenance Management System (or CMMS) which focuses solely on maintenance, Enterprise Asset Management software goes beyond that one component. A good asset management system also covers a diverse range of other functions such as asset end-of-life planning, cost tracking and management, inventory management, work orders and goods/services purchasing.
How can a good EAM help your business?
Users of an EAM system (such as HxGN EAM, formerly Infor EAM) can expect any business to benefit from real-time tracking of asset performance; increased operational efficiency; improved asset reliability and streamlining of business processes.
Other benefits include equipment cost tracking, and reporting, which helps businesses to spot potential problems or bottlenecks before they happen. Any increase in the efficiency or better productivity from your plant and machinery, results in greater ROI.
How can the Touchstone Energy team help you meet your EAM needs?
No matter whether you’re an existing customer with a pre-existing Infor EAM installation, or if you’re looking to get started with HxGN EAM, the highly-experienced experts ofthe TouchstoneEnergy team can help at every stage of your process. We can help you assess your business’ needs and identify areas where Enterprise Asset Management solutions will help you improve business efficiency.
TouchstoneEnergy provides a full range of pre- and post-implementation support. Using best industry practices, we will assist you with many of your configuration decisions and help you decide how best to maximise your EAM setup. We will ensure your EAM system is fit for purpose and capable of meeting any future challenges.
Other support that Touchstone can provide
TouchstoneEnergy are undoubtedly experts when it comes to Infor EAM and HxGN EAM, however, this is just one aspect of a comprehensive range of services that we provide to businesses across the energy sector including oil & gas, renewable energy, mining and utilities industries (as well as those involved withdownstream trading). In addition to our EAM expertise, we use data and technology to improve business operations in a number of different areas, including Accounting & Finance, Procurement & Spend Management, Business Process Management and Performance Management.
