Transforming Operations with Factech’s Asset Management
Asset management with traditional methods is becoming useless and outdated. Manually maintaining the life of multiple assets in large enterprises is very difficult. In this digitally changing world, you also have to update your system to stay in the competitive market. By using an integrated asset management system, you can efficiently manage the asset management and increase the efficiency in your operation with growth in profit, like Assotech Business Cresterra did by using Factech’s asset management software.
In this blog, we will study how Factech’s asset management system helps in transforming operations in ABC. But before that, let’s understand the asset management system.
Asset Management Software
Asset management software is used to track the asset. It monitors the asset by using the past performance data and gives real-time notifications for the maintenance and repair of the asset. Asset lifecycle management becomes easy with regular monitoring. It helps in scheduling and planning the maintenance task. It integrated with other platforms to control the inventory and operational efficiency.
Additionally, it can help businesses adhere to legal requirements and streamline their asset management processes.
Case Study
Introduction of the Assotech Business Cresterra
A self-contained IT park, Assotech Business Cresterra (ABC) provides IT and ITES workplaces along with amenities including shopping, entertainment, health care, and serviced apartments. Assotech Business Cresterra is the best option for SMEs, tech startups, and aspiring business owners looking to expand.
One of India’s top real estate developers, Assotech Realty, is the developer of Assotech Business Cresterra (ABC). ABC faced considerable challenges in efficiently overseeing its vast commercial holdings with large number of assets. Prior to Factech, they used a number of separate platforms, lacked data-driven insights, and lacked real-time technician updates.
Problems Faced by ABC
Multiple Isolated Systems: For a number of tasks, including visitor management complaint handling, and asset management, ABC used a few different software programs. Coordination and data management were becoming inefficient due to isolated systems.
Absence of Insights Dashboards: Data insights that were crucial for management and the team could not be populated by isolated systems. Standard dashboards were visible to the FM team, which included members in various roles such as CRM, Helpdesk Manager, Asset Manager, Facility Head, and Security Head. For their particular positions, this creates a lot of noise.
Lack of an Asset Management, PPM, or Breakdown Maintenance System: Due to the lack of software for asset management and maintenance, reactive rather than proactive maintenance procedures were used.
Lack of Support for Software Implementation: The deployment process and application usage were delayed during the implementation phase due to difficulties caused by the software partners’ inadequate support.
Limited Digital Access for Ground Personnel: Due to a lack of digital solutions, technicians and ground personnel had to manage tasks and communicate manually, which resulted in ineffective procedures. The technicians’ manual labor proved challenging to track and supervise.
Solution Implemented
Factech delivered a comprehensive solution that centralized operations, gave data-driven insights, made asset management and equipment maintenance easier, and gave ground crew access to mobile apps.
Benefits After Implementing the Solution
Integrated Systems:
Factech software improved data management and coordination by combining many systems into a single platform. ABC receives a variety of services in a single integrated system, such as Asset, PPM, AMC, and Helpdesk/Compliances, Billing for Visitor Management and Attendance
Dashboards for Data-Driven Insights
Proactive decision-making was made possible by Factech’s dashboards, which offered real-time insights into facility operations. Every manager made their own dashboard. The user only sees the insights he wishes to monitor. The staff at Factech uses only pertinent data-driven insights; there is no noise.
Easy Performance Monitoring
Factech’s system helps in easy monitoring by providing real-time data. The performance of different equipment like HVAC, UPS, STP, and DG is easily maintained.
System for Asset Management and Maintenance
Advantages of CMMS modules for asset management, planned preventive maintenance (PPM), and breakdown maintenance were all part of Factech’s system. Every asset is digitally tracked and archived. The crew may quickly adapt the equipment tracking with the use of QR tagging.
The ABC crew is informed of impending positions such as AMC, PPM schedule, and compliance.
Assistance for Effective Execution
Throughout the implementation stage, Factech offered strong technical support, guaranteeing a seamless deployment procedure. The Factech team collaborates with the ABC team.
Ground Crew Digital Access
Technicians and ground crew were able to access digital solutions using Factech’s mobile application, which enhanced team communication and work management.
How does Factech’s Software System Transform Assotech Business Cresterra Operations?
Factech helped ABC digitally store and track every asset via QR tagging, optimizing maintenance with asset management, PPM, and breakdown maintenance modules. The system informed ABC of upcoming projects, including PPM plans, AMC, and compliance requirements.
The CAFM system was a “game-changer,” according to ABC’s Mr. Mukund, by automating chores, enabling proactive management, improving customer satisfaction, providing data-driven insights, and simplifying asset life.
In this case study we get to know how an integrated asset management system help. The ABC partnered with Factech and received the best solutions for asset management.
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The bottom line
Assotech Business Cresterra’s case study shows how Asset management system work for them. ABC overcame obstacles including scattered systems, lack of real-time data, and manual processes by implementing an integrated asset management system. Consolidated operations, proactive maintenance, vital data insights, and digital tool empowerment of ground staff enabled Factech. The astonishing gains in operational efficiency, decision-making, and cost reductions at ABC demonstrate the importance of modern, integrated asset management software in altering facility operations and ensuring long-term success in today’s competitive economy.
FAQs
Q: What is an Asset Management System?
An asset management system is a software. It helps in tracking, monitoring, and managing the maintenance of physical and digital assets. It provides real-time data that helps in reducing downtime and improving efficiency in operations.
Q: Why real-time asset tracking is important?
It allows asset managers to maintain accurate, up-to-date records of asset locations, movements, and status. Real-time asset tracking is crucial for enabling efficient operations.
Q: What are the features of asset management systems?
The core functions are robust asset tracking, asset lifecycle management, comprehensive scheduling and maintenance planning, work order administration, health data analysis, and system integrations with other platforms.
Q: How can businesses use Factech’s Asset Management System?
Factech’s system offers comprehensive asset management system. It includes documentation, optimizes asset lifetime, streamlines processes with an intuitive interface. It enables predictive maintenance capabilities, and offers robust reporting with mobile access.
