Asset Management

The Top 10 Asset Performance Management Solutions

Explore the best asset performance management solutions with features like predictive maintenance, real-time monitoring, and analytics to optimize the performance and reliability of critical assets.

The Top Asset Performance Management Solutions Include:
  • 1. ABB Ability Genix Asset Performance Management (APM)
  • 2. Brightly Asset Essentials
  • 3. eMaint CMMS
  • 4. Fiix CMMS
  • 5. HxGN EAM
  • 6. IBM Maximo Manage
  • 7. IFS Cloud EAM
  • 8. MaintainX
  • 9. SAP Asset Performance Management
  • 10. UpKeep Edge

Asset Performance Management (APM) solutions play an important role in promoting operational efficiency, preventing equipment failure, and reducing maintenance costs within organizations. By leveraging predictive analytics and a variety of maintenance strategies, APM tools enable businesses to monitor, analyze, and optimize the performance of their assets—decreasing unplanned downtime and extending equipment lifespan.

Asset performance management platforms provide a holistic view of asset health (including physical and logical assets), coordinate preventative maintenance schedules, and provide real-time operational data to inform strategic decisions. Whether it’s tracking wear-and-tear on manufacturing equipment, monitoring the performance of an IT network, or managing buildings and facilities, APM solutions ensure that assets continue to provide value by foreseeing potential defects and facilitating proactive intervention. This, in turn, ultimately minimizes losses, optimizes performance, and improves profitability.

In this article, we’ll explore the top asset performance management solutions designed to optimize the performance and reliability of your assets. We’ll highlight the key use cases and features of each solution, including real-time asset tracking, predictive and preventive maintenance, reliability-centered maintenance, third-party integrations, and insightful analytics.

ABB Logo

ABB Ability’s Genix Asset Performance Management (APM) is a comprehensive suite that combines asset and information management. Through four distinctive components, it offers a global view of all assets and the relationships between those assets, promoting collaboration across functions and optimizing overall performance.

The first component of the Genix APM platform is APM Predict, a robust condition monitoring system that gathers and analyzes data from plant assets. It offers real-time asset condition notifications and customizable dashboards, allowing for an optimized and situation-specific response to asset conditions. APM Predict 360 expands on APM Predict by allowing organizations to fully customize their asset models to suit individual industrial operations. This enables businesses to identify asset and process issues early on, thereby enhancing production efficiency.

The next component of Genix APM, APM Perform 360, incorporates data from both IT and OT systems to offer an in-depth perspective of asset performance and health. It merges sensor data with other sources, providing actionable insights, notifications, and recommendations for advanced asset management. Finally, APM Assess 360 provides financial data analysis tools, making asset life assessments more dynamic and reliable. This helps optimize both short- and long-term asset investments, ensuring financial outcomes align with business objectives.

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Brightly Logo

Brightly Asset Essentials is a comprehensive asset management solution designed to streamline operations, cut costs, and boost productivity. Developed with clients’ specific needs in mind, the platform provides a system for tracking assets across an organization’s portfolio in a centralized location, offering greater visibility and better decision-making capabilities.

Brightly Asset Essentials’ preventive maintenance planner aids in extending asset life, maintaining operational efficiency, and managing budgets more proficiently. Brightly Asset Essentials also includes features to optimize resource allocation and improve communication. Notifications regarding priority changes and new work orders ensure that teams remain agile and primarily focused on important work. It has built-in features to track problem assets earlier and help businesses make intelligent repair or replace decisions, while reducing operational waste. Finally, the platform bolsters preventive maintenance practices with predictive maintenance capabilities. It offers an Inventory Management System, IoT Remote Monitoring for real-time asset health information, GIS Mapping Integration for managing and tracking work orders based on the location, and extensive Analytics and Reporting features.

As well as facilitating asset and facility management, Brightly Asset Essentials streamlines task and work order management. By managing and assigning several work orders at once, teams can process requests quicker, eliminating backlogs effectively. Overall, Brightly Asset Essentials enables organizations to take a proactive, data-driven approach to asset management, thereby improving long-term asset health and overall operational efficiency.

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eMaint Logo

eMaint is a versatile Computerized Maintenance Management System (CMMS) designed to streamline the organization, tracking, and management of vital assets in large, global enterprises. By combining CMMS and Enterprise Asset Management (EAM) capabilities, eMaint equips businesses with a comprehensive asset management tool covering lifecycle tracking, spare parts inventory, and robust reporting across the entirety of a business.

With eMaint CMMS, users can easily access in-depth asset information, including a comprehensive maintenance history and vital asset lifecycle data. The system presents a searchable asset hierarchy and enables users to monitor key factors such as asset health and location, plus maintenance records. This provides valuable insights useful in optimizing asset performance and potential. In addition to its core asset management capabilities, eMaint CMMS facilitates seamless global collaboration. With support for over 27 languages along with local translation support, and with currency, time zones, and numerical format conversions also included, the platform helps simplify asset management operations internationally. The maintenance data standardization allows for streamlined enterprise-level reporting and powerful, insightful dashboard generation, making it a truly global CMMS solution.

eMaint CMMS also offers a comprehensive, mobile CMMS/EAM application. This offers access to asset details, work orders, and parts charges in the field and offline conditions. Users can easily find parts, assign them to work orders or PMs, manage inventory levels, and even share parts across worksites. Overall, we recommend eMaint CMMS as a robust APM tool for large enterprises that need to remotely manage assets across multiple locations—including different countries.

eMaint Logo
Fiix Logo

Fiix CMMS is an asset management solution that enables users to efficiently manage, track, and categorize their equipment data in one central hub.

Asset performance monitoring is a crucial aspect of Fiix CMMS. The platform enables users to observe equipment usage patterns and subsequently, schedule maintenance tasks based on real-time meter readings and alerts. The software also includes an asset tracking feature that enables users to input custom fields and collect specific information from their equipment. The analytics functionality of Fiix CMMS is comprehensive, offering visualizations that track maintenance across all assets, with filters available in a variety of configurations. This gives users an overview of equipment status, including anomaly detection in performance which can lead to a potential decrease in downtime, delays, and excessive costs. Further features of Fiix CMMS include uptime and downtime tracking, maintenance scheduling, workforce allocation, and customized asset information recording. The platform also offers an asset hierarchy function, which enables users to easily organize their machinery by dragging and dropping equipment into a specific asset tree or list. This built-in structure is usable for report generation and enables users to filter data based on parent-child relationships.

Fiix CMMS is designed with real-world usability in mind. Users can easily create, scan, and attach QR codes or barcodes to any asset, making relevant information instantly accessible via a mobile device. This feature minimizes the time and effort required to access asset records significantly. Overall, we recommend FiiX CMMS for organizations looking for a comprehensive APM tool as part of a wider asset maintenance and management system.

Fiix Logo
Hexagon Logo

Hexagon is a software provider that aims to enhance efficiency, productivity, and quality across various sectors such as industrial, manufacturing, infrastructure, safety, and mobility. HxGN EAM is their expansive asset management solution, specifically designed for maintenance professionals. The solution provides guidance for fixing compromised assets, with built-in performance monitoring and a range of preventative and predictive maintenance capabilities.

HxGN EAM continuously monitors asset conditions, predicts potential challenges, and prevents disruptions by delivering timely maintenance alerts. The solution leverages asset performance management to support the complete asset lifecycle, optimizing efficiencies of critical assets and facilitating the full utilization of mission-critical equipment. Additional features of HxGN EAM include asset performance analysis for comprehensive data capture, formulation, and evaluation; reliability maintenance through studying asset failures to develop risk-mitigation strategies; and facilitating autonomous operations and maintenance.

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IBM Logo

Delivered as part of the IBM Maximo Application Suite, IBM Maximo Manage is an all-inclusive, user-friendly platform that provides up-to-date data to operations and asset management teams. With its roots in enterprise asset management, Maximo Manage helps teams to manage and maintain assets efficiently, enhancing the asset lifecycle and reducing unexpected issues.

Maximo Manage offers an in-depth overview of all asset types, their conditions, locations, and the tasks that support them. This helps accommodate optimal planning, control, audit, and compliance, which is particularly useful for asset-intensive and heavily regulated industries. Via the platform’s operational dashboard, maintenance managers can track KPIs and crucial asset information like history, trends, logs, inspection records, and job plans. Maximo Manage also offers map functions, spatial views of works and assets, planning and scheduling tools, and the capability to calibrate assets. It also uses advanced analytical tools, AI, and IoT data to improve operational availability and risk reduction.

IBM’s Maximo Manage helps businesses extend the life cycles of their assets and reduce operational downtime and costs, delivering true operational resiliency. The platform can be deployed as SaaS, on-premises, or in any cloud environment, enabling it to streamline business operations and enhance asset reliability across any infrastructure.

IBM Logo
IFS Logo

IFS Cloud EAM is an adaptable enterprise asset management platform designed for managing the nuanced requirements of industrial assets. With IFS Cloud EAM, businesses can improve decision-making, lower errors, and align their assets with strategic and ESG goals. The platform is well-suited to organizations managing physical, industrial assets such as oil and gas platforms, ships, mines, aircraft, transmission lines, water treatment plants, wind farms, and manufacturing equipment.

With IFS Cloud, businesses can manage the operational life of all their assets, from inception to decommissioning. The platform’s asset performance management capabilities provide businesses with visibility across the health status and condition of their assets. It supports energy-efficient operations and data-driven decision-making, aimed to increase asset availability and reduce downtime. IFS Cloud EAM solution also provides AI-powered oversight of asset maintenance, enabling more efficient asset operations that align with your ESG goals. The software promotes operational efficiency by balancing operational needs with maintenance demands, consequently keeping assets running at peak performance. By consolidating asset tracking and management into a single system, IFS Cloud EAM can help augment productivity through systematic asset planning, maintenance, and scheduling.

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MaintainX Logo

MaintainX is an asset maintenance solution that specializes in work order management and preventive maintenance. With a core focus on optimizing downtime and automating work processes, MaintainX enables users to conveniently track their active and inactive assets, as well as monitor the time duration between failures. This significantly aids in quick asset mobilization when work orders are generated.

By scheduling work orders to service equipment prior to a breakdown, MaintainX assists in reducing unnecessary downtime. This is further underscored by its ability to manage incoming work order requests automatically; as a result, imminent issues are outlined promptly, preventing potential asset dysfunction. MaintainX also offers features to track the real-time status and downtime history of each asset. It provides tools for root cause analysis to bolster preventive maintenance plans by understanding causes of equipment failure. It also gives visibility into the costs associated with each asset based on planned and unplanned downtime, labor, and parts. This aids businesses in making more informed budget decisions.

Finally, MaintainX ensures that a comprehensive record, detailing work carried out on each asset, is always accessible. This enhances the overall transparency of maintenance operations within a business entity and makes the solution particularly well-suited to organizations operating under heavy compliance requirements.

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Sap Logo

SAP Asset Performance Management is part of the SAP Intelligent Asset Management portfolio, which helps business owners and engineers to enhance asset performance and devise optimal maintenance strategies.

SAP APM allows users to classify assets into functional groups to identify interdependencies or redundancies and perform risk analysis. It provides various tools such as reliability-centered maintenance (RCM) and failure modes and effects analysis (FMEA) to develop new or review existing strategies. For low-risk assets, organizations can adopt a run-to-failure approach or the manufacturer’s suggested maintenance strategy. In the case of high-risk assets, organizations can carry out detailed RCM or FMEA assessments. SAP APM helps users to describe failure modes, assign probabilities, and prioritize them based on the severity of the impact. This process helps users to assign risk levels and determine technically feasible maintenance actions.

SAP Asset Performance Management incorporates Industry 4.0 technologies like the SAP Internet of Things solution and the SAP AI Core infrastructure to provide dynamic, intelligent maintenance strategies. Finally, the application supports comprehensive IoT-based asset management scenarios and integrates with SAP Enterprise Asset Management to consolidate operational data. Overall, we recommend SAP APM as a robust, full-featured asset performance management solution that can be deployed standalone or as part of a wider asset management strategy.

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UpKeep Logo

UpKeep Edge is a dynamic asset performance management solution that provides tools and data-driven insights designed to increase equipment availability, minimize downtime, and enhancing the performance and lifespan of assets.

A central feature of UpKeep Edge is its robust remote monitoring abilities. Using powerful sensors, the platform can effectively track critical assets, providing immediate updates on performance and operating conditions. This helps identify and resolve potential issues swiftly and efficiently, reducing any negative impact on the overall productivity.

Continuing its data-driven approach, UpKeep Edge offers comprehensive business intelligence dashboards that enable users to track key performance indicators and monitor uptime and downtime patterns. This enables users to create optimized maintenance schedules and implement proactive preventive measures—resulting in extended asset life and improved overall performance.

UpKeep Edge syndicates data through a secure cloud gateway, allowing remote access to crucial operational and maintenance information. This feature enables field technicians to collect and share high-quality asset and maintenance data in real-time. Overall, we recommend UpKeep Edge as a strong APM solution, particularly for businesses looking for a way to manage and maintain their assets remotely.

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The Top 10 Asset Performance Management Solutions