An integrated capital planning solution, Geospatial Analytics Asset InSite™ is agile, scalable, collaborative software to meet today's enterprise capital planning challenges.
Despite the critical nature of these assets and advances in facility management technologies, a recent study revealed that most facility managers have not implemented an enterprise asset management program. Instead, many facility managers still rely on manual, paper-based or spreadsheet processes that are inherently inefficient, inflexible, error prone and cumbersome.
The Opportunity
Analytics are the key to effective enterprise asset management.Analytics,for example,enable you to balance replacement costs with maintenance and repair costs to optimize total cost of ownership. Analytics provide an opportunity for facility managers to view portfolios of assets in a standardized structure to provide a more strategic financial perspective.
Benefits of Geospatial Analytics Asset InSite ™ include:
Optimizing total cost of ownership
Minimizing risk of business disruption
Objective, standards-based decisions
Increase volume purchasing power
Addressing all asset types within process
Improving the workplace experience
Decrease unplanned business disruptions
Accurate capital forecasts
Better decisions using analytics
Comprehensive view of asset portfolio
The Solution
Geospatial Analytics Asset InSite™ is a data analytics tool that enables you to analyze the data gathered via asset inspections to optimize enterprise asset decision making.
Incorporates efficient, secure sharing of building asset condition information and comprehensive reporting to enable strategic planning
Facility analyses such as total cost of ownership, asset risk management and capital planning scenarios
Enables the creation of alternative funding scenarios for comparative views of risk and expenditures
Provides an intuitive user interface
Adapts to your organization's specific situation and requirements
Provides inclusive, collaborative platform
optimize the value of an enterprise asset management program
Integrates easily with existing systems to provide additional functionality as needed
How You Benefit
Geospatial Analytics Asset InSite™ enables asset owners and managers to:
Identify opportunities to consolidate volume purchasing for all equipment types, as well as bundling of projects to obtain volume discounts for services and products
Apply a consistent process and standard for making purchasing decisions, as an alternative to ad hoc decision making based on subjective criteria
Optimize asset repair versus replace decisions, total cost of ownership across asset classes, individual facilities and corporate portfolios
Maximize return on investment for assets, minimizing risks to operations and optimizing capital expenditures
Create accurate capital planning budgets by being able to apply a zero-based budgeting approach as opposed to using historical run rates
Leverage powerful analytics to have a comprehensive perspective upon the condition of your asset portfolio and enable strategic decisions at an enterprise level
Reduce operational risk by being able to prioritize replacement of equipment that has the highest impact on business continuity
Geospatial Analytics Capital Planning Solution Cost Benefit
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Solutions
The end goal in portfolio and process management is optimization. Capital-intensive assets are distributed to best meet demand, and the organizations responsible for long-range planning and utilization are fully in control.
Outdated business processes are strangling organizational goals of increased productivity and flexibility. Employees struggle to achieve basic awareness of assets, working through disconnected database and functional silos.
A strong process and information foundation creates a platform from which higher value goals can be pursued. Increased operational awareness, better decision-making and shared information lead to a sense of gaining control.
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