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The Benefits of Cloud-Based EAM Software Solutions: Insights from TouchstoneEnergy

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The energy sector is constantly evolving, and businesses need to adapt to stay ahead of the curve. One way to achieve this is by implementing cloud-based Enterprise Asset Management (EAM) software solutions. TouchstoneEnergy, a global business systems and IT consultancy dedicated to the Energy sector, has been at the forefront of providing software solutions for the energy industry. This article takes a deep dive into the benefits of cloud-based EAM software solutions and provides insights from TouchstoneEnergy’s partnership with leading EAM software provider Hexagon.

Why Cloud-Based EAM Software Solutions Matter

The energy industry is a complex and data-intensive sector. To stay competitive, businesses need to optimise their operations and make data-driven decisions. Cloud-based EAM software solutions offer several benefits that help energy companies achieve their goals:

  • Scalability and Flexibility – Cloud-based EAM software solutions allow businesses to scale up or down as needed. This flexibility makes it easy for companies to adapt to changing market conditions and manage assets more effectively.
  • Lower Total Cost of Ownership – By moving EAM software solutions to the cloud, businesses can reduce their hardware and infrastructure costs. Additionally, cloud-based EAM providers often operate on a subscription-based model, lowering the upfront investment required.
  • Improved Data Security – Cloud-based EAM software solutions typically come with robust security measures, ensuring that sensitive data is protected at all times.
  • Seamless integration – Cloud-based EAM software solutions can easily integrate with other software solutions for the energy industry, streamlining processes and improving overall efficiency.

HxGN EAM: TouchstoneEnergy’s Cloud-Based EAM Software Solution

HxGN EAM is a best-in-class asset management solution that helps businesses manage their assets more effectively. With HxGN EAM, companies can optimise their maintenance strategies, reduce operating costs, and extend the life of their assets.

Other Cloud-Based Software Solutions That TouchstoneEnergy Can Provide

TouchstoneEnergy offers a range of cloud-based software solutions that cater to the unique needs of the energy industry. These solutions include:

Infor SunSystems

Infor SunSystems is a powerful financial management solution designed to help businesses streamline their financial processes. With Infor SunSystems, companies can gain greater visibility into their financial performance and make better-informed decisions.

Infor EPM

Infor EPM (Enterprise Performance Management) is a comprehensive solution for managing business performance. This powerful tool enables companies to track their performance against key performance indicators (KPIs) and make data-driven decisions.

Proactis Solutions

Proactis offers a suite of solutions that help businesses streamline their procurement processes. These solutions include:

  • Proactis Expense Management: Simplifies expense management by automating the process and providing real-time visibility into expenses.
  • Proactis Contract Management: Helps businesses manage contracts more effectively by automating the contract lifecycle and providing actionable insights.
  • Proactis Purchase to Pay (P2P): Streamlines the entire procurement process, from requisition to payment, and enhances visibility and control over company spending.

FAQs

Q: How can TouchstoneEnergy’s cloud-based EAM software solution help my business?

A: TouchstoneEnergy’s cloud-based EAM software solution, HxGN EAM, can help your business streamline operations, optimise asset management, and make data-driven decisions. By implementing these solutions, you can gain a competitive edge in the energy industry.

Q: How do I know which EAM solution is right for my business?

A: TouchstoneEnergy’s team of experts can help you determine the best EAM software solution for your business based on your specific needs and goals. Contact TouchstoneEnergy to discuss your requirements and get expert advice.

Q: What is the process for implementing cloud-based EAM solutions?

A: TouchstoneEnergy’s team of experts will work with you to understand your business requirements, configure the EAM solution, and seamlessly integrate it with your existing systems. They will also provide ongoing support and training to ensure your business maximises the benefits of the solution.

Q: How secure are cloud-based EAM software solutions?

A: Cloud-based EAM software solutions typically come with robust security measures to protect sensitive data. TouchstoneEnergy partners with the leading software provider Hexagon, ensuring that your data is safe and secure at all times.

Conclusion

Cloud-based EAM software solutions offer numerous benefits for businesses in the energy industry. By implementing these solutions, companies can streamline their operations, optimise asset management, and make data-driven decisions. TouchstoneEnergy, a global business systems and IT consultancy dedicated to the Energy sector, provides a range of software solutions for the energy industry, partnering with leading providers like Infor, Proactis, and Hexagon. To learn more about how TouchstoneEnergy’s cloud-based EAM software solutions can help your business thrive, contact TouchstoneEnergy today.

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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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