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Revolutionising Operations with Enterprise Asset Management Software for the Energy Industry

Engineer with a tablet stands in a wind farm with turbines in the background.

The energy industry has always been at the forefront of technological advancements. To keep up with the rapid pace of change, companies must find ways to streamline their operations and maximise efficiency. One key aspect of this is asset management. With the help of enterprise asset management software, companies in the energy sector can revolutionise their operations and stay ahead of the competition. This article will explore the benefits of enterprise asset management software and how TouchstoneEnergy solutions, such as HxGN EAM, can help companies achieve these goals.

The Importance of Asset Management for the Energy Sector

Energy companies rely on a wide range of assets to keep their operations running smoothly. These assets can include equipment, machinery, vehicles, and more. Effectively managing these assets is a crucial aspect of ensuring that the company can meet its operational goals and maintain a competitive edge. Some of the key benefits of effective asset management include:

  • Improving operational efficiency
  • Reducing downtime and maintenance costs
  • Optimising asset utilisation and performance
  • Ensuring regulatory compliance
  • Enhancing safety and environmental performance

The Role of Enterprise Asset Management

Enterprise asset management software plays a critical role in helping companies achieve these benefits. By providing a centralised system for tracking, managing, and optimising assets, these software solutions enable companies to maximise efficiency and minimise costs. Some of the core features of EAM software include:

Asset Tracking and Management

  • Comprehensive inventory management
  • Real-time asset tracking and location monitoring
  • Asset lifecycle management, from acquisition to disposal

Maintenance and Operational Management for Energy Business Assets

  • Preventive and predictive maintenance scheduling
  • Work order management and resource allocation
  • Integration with other systems for seamless data flow

Reporting and Analytics

  • Customisable dashboards and reports
  • Advanced analytics for data-driven decision making
  • Integration with business intelligence tools for enhanced insights

TouchstoneEnergy: A Leading Provider of Enterprise Asset Management Solutions

TouchstoneEnergy is a Global Business Systems and IT Consultancy Dedicated to the Energy Sector

As a leading provider of enterprise asset management software, TouchstoneEnergy understands the unique challenges faced by companies in the energy sector. Our team of experts is committed to helping clients maximise the benefits of their asset management efforts by offering a comprehensive suite of solutions tailored to the energy industry.

HxGN EAM: A Cutting-Edge Asset Management Solution

One of TouchstoneEnergy’s flagship products is HxGN EAM, a state-of-the-art enterprise asset management software solution designed specifically for the energy industry. HxGN EAM offers a wide range of features and capabilities, including:

  • Asset hierarchy management and classification
  • Comprehensive work order management, including scheduling and resource allocation
  • Integration with GIS systems for enhanced asset location tracking
  • Advanced analytics and reporting capabilities

Expert Implementation Consultancy for the Energy Sector

Implementing EAM software can be a complex and challenging process, which is why it’s crucial to partner with an experienced consultancy like TouchstoneEnergy. We offer:

  • A thorough understanding of the energy sector and its unique challenges
  • Expertise in EAM software implementation, integration, and customisation
  • Comprehensive project management and support throughout the entire implementation process

Support Services for the Energy Sector

In addition to offering expert implementation consultancy, TouchstoneEnergy also provides ongoing support services to ensure that clients continue to reap the benefits of their enterprise asset management software. These support services include:

  • Regular software updates and enhancements
  • Training and user support
  • Technical troubleshooting and issue resolution

Frequently Asked Questions

How does enterprise asset management software benefit the energy industry?

Enterprise asset management software helps energy companies streamline their operations and maximise efficiency by providing a centralised system for tracking, managing, and optimising assets. This can lead to reduced downtime and maintenance costs, improved asset utilisation, and enhanced safety and environmental performance.

What sets TouchstoneEnergy’s solutions apart from other enterprise asset management software providers?

TouchstoneEnergy’s solutions, such as HxGN EAM, are specifically designed for the energy industry and offer a wide range of features and capabilities tailored to meet the unique challenges faced by companies in this sector. Additionally, TouchstoneEnergy offers expert implementation consultancy and ongoing support services to ensure that clients maximise the value of their investment.

How can I learn more about TouchstoneEnergy’s enterprise asset management solutions?

To learn more about TouchstoneEnergy’s enterprise asset management software and how it can revolutionise operations for your energy company, contact us today. Additionally, stay updated on the latest industry insights and trends by following us on Twitter and LinkedIn.

Conclusion

In conclusion, enterprise asset management software has the potential to revolutionise operations in the energy industry by streamlining processes, maximising efficiency, and reducing costs. TouchstoneEnergy’s solutions, such as HxGN EAM, offer a comprehensive suite of features and capabilities designed specifically for the energy sector. With expert implementation consultancy and ongoing support services, TouchstoneEnergy is well-equipped to help energy companies harness the power of enterprise asset management software and stay ahead of the competition.

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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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