Enterprise Asset Management System (EAMS)

Venture e-Asset

Companies and organizations are under tremendous pressure to manage their assets proactively across the enterprise to reduce costs, increase productivity and respond to a rapidly changing regulatory environment. Being proactive means having an accurate inventory of all assets and a historical view of their costs, including those relating to maintenance, operational management and service. For organization with multiple locations the need to manage the asset in various geographical locations with various users is crucial to provide the effectiveness and efficiency required in current environment.

Organizations that can maintain a clear view of their assets — and accurately track different cost categories associated with them — are in a much better position to manage their assets’ total cost of ownership from requisition to retirement.

Venture e-Asset provides you with a comprehensive Enterprise Asset Management Solution (which is also known as Inventory Management System / Inventory Management Solution). It provides detailed asset management for equipment and infrastructure, allowing you to manage information such as equipment model, serial number, vendor, date purchased, spare parts, services performed and much more.

Venture e-Asset for Malaysian Government is designed to comply with Government Circular regarding managing government asset. The latest circular is the Government Circular 5/2007 Managing Asset. It covers receiving asset and registration, ownership, movement, warranty, maintenance, inspection, disposal and write-off. Other additional module are also integrated such as Insurance and booking. All asset registration details from asset serial numbers, purchasing information, suppliers, users and many others. All standard government forms from Form KEW-PA-01 up to KEW-PA-32 are provided with the necessary work flow.

Benefits

Benefits from implementing an Enterprise Asset Management System (EAM) includes:

  •  Accurate Inventory and Valuation of Assets
  •  Accurate tracking of Location and ownership of Assets
  •  Improve Maintenance Scheduling
  •  Improve Warranty and Insurance Tracking
  •  Standardized and Computerized Workflow of Disposal and Write off.
  •  Standardized and Computerized Reporting. Save time in reporting.
  •  Improved Communication With Service Users
  •  Proactive Planning Of Asset Renewal Or Replacement
  •  Real-Time Asset Analysis, Cost Reports And Performance Metrics
  •  Regulatory Compliance
  •  Warehouse Inventory Control
  •  Improve Customer Satisfaction

Benefit of Asset Management Solution:

Consider the following scenarios:

Budget:

A global corporation wanted to implement a cost-per-asset system,but had no idea how to track the miscellaneous costs associated with assets.With our Enterprise Asset Management Software, they track all the costs associated with an asset including initial price, depreciated value, service costs, add-on equipment, and upgrades. They have accurate information on the total cost of every asset and can accurately charge departments by usage.

Procurement:

A global organization bought unnecessary equipment becausethere was no mechanism in place to check stock.With our Inventory Management Software, they see what assets they have in stock throughout the organization. They know what is being requestedand whether to buy new or issue from stock. Departments communicate in real time and avoid purchasing unnecessary items.After receipt, they have an automated method to reconcile invoices. They run reports on their purchasing trends, giving them data and power to re-negotiate favorable contracts with their vendors.

Contracts:

A global corporation needed to lower their lease costs. They were worried that they were overspending because of end-of-lease penalties and last minute lease renewals. With our Enterprise Asset Management Software, they run monthly reports on all leased assets. These detailed reports tell them exactly where all of their leased assets are, helping them avoid return penalties. A contract manager is automatically notified, via email, 90 days before the end of a lease term. This gives the company ample time to renegotiate or replace the asset.When they do replace the asset, they have accurate records on company-owned upgrades. They can remove these upgrades and re-use them, instead of returning them to the leasing company