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Scaling New Heights: How Cloud EAM Revolutionises the Energy Industry

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The energy industry is constantly evolving, and businesses operating within this dynamic sector must keep up with shifting demands, regulations, and technological advancements. One key challenge faced by the industry is the need for scalable solutions that can grow and adapt to ever-changing requirements. Enter cloud EAM (Enterprise Asset Management) systems like HxGN EAM, which offer a comprehensive and flexible solution to help the energy industry tackle scalability head-on.

In this article, we’ll explore how cloud Enterprise Asset Management solutions can revolutionise the energy industry’s approach to scalability, delving into the benefits and features of these cutting-edge systems and TouchstoneEnergy, a global business systems and IT consultancy dedicated to the Energy sector, and our range of services designed to support businesses in the energy sector.

The Power of Cloud EAM in the Energy Industry

What is Cloud EAM?

Cloud EAM is an enterprise asset management solution hosted on a cloud platform, enabling businesses to access, manage, and maintain their assets from anywhere, at any time. This type of EAM is particularly well-suited to the energy industry, as it provides a centralised and flexible system for managing complex and geographically dispersed assets.

Scalability Advantages of Cloud EAM

There are several ways in which cloud Enterprise Asset Management solutions can help the energy industry overcome scalability challenges:

  • Flexible Infrastructure: Cloud-based systems can easily scale up or down to accommodate changing business requirements, allowing energy businesses to adapt to fluctuations in demand, regulatory changes, or technological advancements.
  • Centralised Data Management: Cloud Enterprise Asset Management systems provide a single source of truth for asset data, streamlining communication and collaboration between different departments and teams.
  • Improved Integration: Cloud Enterprise Asset Management solutions often feature open APIs, enabling seamless integration with other business systems and software, reducing the burden of managing multiple, disparate systems.
  • Cost-Efficiency: Cloud Enterprise Asset Management platforms typically operate on a subscription-based pricing model, allowing energy businesses to pay only for the resources they need, reducing the overall cost of ownership.

HxGN EAM: A Comprehensive Cloud EAM Solution

One example of a powerful cloud EAM solution is HxGN EAM, which offers a robust, scalable, and feature-rich asset management platform for businesses in the energy sector. Some of the key features of HxGN EAM include:

  • Asset lifecycle management
  • Work order management
  • Maintenance planning and scheduling
  • Inventory management
  • Procurement and contracts
  • Mobile workforce management
  • Analytics and reporting

By leveraging these capabilities, energy businesses can optimise their asset management processes and achieve greater operational efficiency.

TouchstoneEnergy: Your Partner in the Energy Sector

TouchstoneEnergy is a global business systems and IT consultancy dedicated to the Energy sector, offering a range of services designed to support energy businesses in implementing and managing cloud EAM solutions like HxGN EAM. Their services include:

  • Expert Implementation Consultancy – TouchstoneEnergy’s experienced consultants work closely with clients to understand their unique business requirements and provide tailored recommendations for the implementation of cloud Enterprise Asset Management solutions. We also offer project management and technical expertise to ensure a smooth implementation process.
  • Managed Hosting Services – For businesses seeking a fully managed cloud Enterprise Asset Management solution, TouchstoneEnergy offers managed hosting services, providing a secure and reliable infrastructure for our clients’ asset management systems.
  • Support Services – TouchstoneEnergy provides ongoing support and maintenance services, ensuring our clients’ cloud Enterprise Asset Management systems continue to operate at peak performance. We also offer training and user adoption services to help businesses maximise their investment in cloud Enterprise Asset Management technology.

FAQs

How does cloud EAM differ from traditional EAM solutions?

Cloud Enterprise Asset Management solutions are hosted on a cloud platform, providing businesses with greater flexibility, scalability, and access to their asset management systems. Traditional EAM solutions are typically hosted on-premises, which can limit their ability to adapt to changing business requirements.

Can cloud EAM solutions be integrated with other business systems?

Yes, many cloud Enterprise Asset Management solutions feature open APIs, allowing for seamless integration with other business systems and software.

What industries can benefit from cloud EAM solutions like HxGN EAM?

While this article focuses on the energy industry, cloud Enterprise Asset Management solutions like HxGN EAM can be beneficial for a wide range of asset-intensive industries, including manufacturing, utilities, and transportation.

Conclusion

Scalability is a critical challenge for businesses in the energy industry, and cloud EAM solutions like HxGN EAM offer a powerful, flexible, and cost-effective solution to help overcome these challenges. By partnering with a dedicated consultancy like TouchstoneEnergy, businesses can successfully implement and manage cloud EAM solutions, unlocking the full potential of these cutting-edge systems to revolutionise their approach to asset management and drive greater operational efficiency.

If you’re interested in exploring how cloud EAM solutions like HxGN EAM can help your energy business overcome scalability challenges and streamline operations, contact TouchstoneEnergy for a consultation. Our expert team will be happy to discuss your requirements and provide tailored advice on the best solution for your business. You can also follow us on Twitter and LinkedIn to stay informed about our latest updates, and insights related to the energy industry and cloud EAM 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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