In order to answer ‘what is Infor EAM?’, it’s crucial to start with an explanation of what an EAM is.
What is Infor EAM, now HxGN EAM?
So, what is EAM?
Enterprise Asset Management, typically abbreviated to ‘EAM’, is the process of managing and tracking the maintenance of operational assets. This involves physical assets like buildings, equipment and infrastructure needed to sustain operations; as well as inventory management and procurement.
What is Infor EAM, now HxGN EAM?
Applying Software to EAM
If you work in a capital-intensive industry, an EAM solution is an invaluable tool. EAM systems provide a platform for managing the maintenance and lifecycle of physical assets and help to minimise asset downtime by ensuring the necessary repairs or replacements are made on time. Using historical data to produce predictive analysis, EAM software can forecast project budgets and flag potential failures before they occur. By eliminating the need for guesswork or assumptions, EAM tools can streamline the management process and optimise productivity in the long term.
Modern EAM solutions are an integrated approach to measuring assets across multiple departments across an organisation. Cloud and IoT architecture has made EAMs more effective than ever before, providing management with accurate real time reporting tools. EAMs can also integrate with ERP (short for ‘enterprise resource planning’) systems, making them even more useful for providing project overviews for entire operations.
What is Infor EAM, now HxGN EAM?
What Are My Options For EAM Software?
One such solution is HxGN EAM, formerly Infor EAM. Going far beyond maintenance, HxGN EAM offers comprehensive analysis and unparalleled insight into the entire asset lifecycle and maintenance process. Complete with options for integration with an existing finance system, HxGN EAM is the best in class solution for total visibility in one system.
What is Infor EAM, now HxGN EAM?
The Benefits of Well-Implemented EAM Software
Facilitating Data-Driven Decision-Making
Data analysis and decision making are made much easier with the use of an EAM solution. In recent years we have seen a significant push towards greater automation of EAM processes, with many systems now incorporating advanced diagnostic capabilities such as predictive analytics. This can help identify potential problems before they become critical failures, and mitigate the risk of costly unscheduled downtime scenarios.
Complex Asset Management Made Easy
EAM solutions are powerful tools for managing complex physical assets, particularly those spread over multiple sites or locations, where visibility is essential. With the ability to access real-time information from disparate sources into one centralised system, EAM software can provide improved clarity, insight and collaboration.
Compliance
An EAM can also aid compliance if you work in a regulated industry, for example the energy sector where safety is paramount. Organisations in these sectors can benefit greatly by implementing an automated asset tracking solution. A more accurate data collection system not only improves efficiency and helps make more informed decisions, it also creates an audit trail for regulators.
Real-Time Monitoring & Automated Alerts
Real-time monitoring capabilities and automatic alerting systems can also be handled by an asset management system. An advanced EAM tool such as HxGN EAM can track all equipment used in production, including its usage, maintenance history, performance metrics and more. Such EAMs can then quickly flag malfunctioning components or incorrect operation procedures being employed during production cycles early, reducing the risk or injury or downtime, improving productivity, and further helping to maintain regulatory compliance.
