Asset Management Solutions

Unleash your enterprise’s potential with ValueCoders’ innovative asset management solutions. With extensive industry expertise spanning over a decade and beyond, we excel in custom asset management for ERP systems, enhancing workflow efficiency. Our expertise covers the process complexities from enterprise asset management to financial, IT, and infrastructure asset management.

Trusted by startups
and Fortune 500 companies

ValueCoders Offers A Comprehensive Range of Asset Management Solutions

Our asset management solutions go beyond the ordinary, offering unique functionalities tailored to meet our client’s objectives. Explore our curated list of solutions, including comprehensive asset tracking, predictive maintenance, and seamless implementation and support.

Asset Management Advisory

Our AM advisory services include analysis of asset management needs & implementation drivers, tracking of the current process using technology, optimal plan selection, custom AM solution architecture & infrastructure design.

  • Risk management plan
  • Cost & budget estimation
  • Software & hardware requirements

Asset Tracking & Monitoring

We ensure to improve asset productivity, reduce downtime, and optimize asset usage with the help of our asset performance management.

  • Minimized asset loss
  • Rationalized asset expenditure
  • Increased productivity

Asset Planning & Optimization

Our asset management team helps you in proper planning and optimization of asset utilization scenarios and also helps in asset investment planning.

  • Increase in OEE
  • Reduction in capital investment
  • Optimization of asset utilization

Asset Maintenance Management

Our asset maintenance management experts help you optimize asset maintenance and provide real-time monitoring of all asset operations.

  • Fewer asset breakdowns
  • Reduced maintenance cost
  • Fewer scheduled repairs

Asset Implementation & support

This service includes solution conceptualization, software architecture design, asset QA, data migration, PoC implementation, post-launch support & evolution, and integration of asset management solutions & their components to an existing ecosystem.

  • SLA-based asset management
  • Monitoring and maintenance
  • Asset management KPI reports

Asset Portfolio Management

Our investment portfolio management team keeps your asset portfolio aligned with your investment objectives and ensure bringing fruitful results.

  • Keep track of market movements
  • Get data insights on funds
  • Comprehensive market data

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Benefits of Asset Management

Our assent management helps you meet your investment objectives with ease. Know all benefits here:

More Accurate Asset Documentation

Our improved accuracy of asset documentation as compared to manual document management has helped eliminate human errors like typos or accidental omissions.

Proper Asset Utilization

Our asset management solutions help keep track of what's already there. With analysis capabilities and predictive scheduling, we can help you make decisions about how best to use an asset.

Cost & Time Saving

Our automated asset management workflow systems cut down on the need for human oversight, allowing us to spend less time doing other work and more time getting results.

Better Asset Accounting

Our asset management software helps you keep track of what tasks need to be completed and how.

Better Compliance

Since all license entitlements and relevant laws and regulations requirements can be tricky, a regulatory compliance system minimizes legal risks and reduces non-compliance costs.

Improved Asset Maintenance

The preventive maintenance features of our asset management system aid in achieving stability and continuous operation of assets.

Why Choose ValueCoders As Your Asset Management Partner?

From startups to big enterprises, development organizations to digital agencies, and SMEs to Governments, we cater to all their varied requirements. Our commitment to quality and safety has enabled us to lead the market, becoming the top digital asset management company.

  • India's Top 1% Software Talent
  • Trusted by Startups to Fortune 500
  • Idea to Deployment, We Handle All
  • Time-Zone Friendly: Global Presence
  • Top-tier Data Security Protocols
  • On-time Delivery, No Surprises

Awards & Certifications -

valuecoders
valuecoders

In-Partnership With Amazing Companies Globally

As a top asset management solutions company in India, we have the privilege of working with some amazing companies from all over the globe and becoming a part of the best tech consulting firms.

  • 18+ Yrs of Tech Mastery
  • Transparent Communication
  • Agile & Adaptive Approach
  • Secure IP-Rights Protection
  • Efficient Process & Workflow Design
  • Continuous Quality Enhancement

Got a Project in Mind? Tell Us More

Drop us a line and we'll get back to you immediately to schedule a call and discuss your needs personally.

Ultimate User Guide to Understanding Asset Management

Introduction to Asset Management

Asset management is the process of maintaining, upgrading, and overseeing physical assets such as buildings, machinery, and equipment. It also includes intangible assets such as copyrights, patents, and trademarks. Asset performance management aims to maximize the return on investment (ROI) while minimizing risk.

Asset management involves four main activities: acquisition, utilization, disposition, and maintenance.

  • Acquisition refers to the act of acquiring new assets or replacing existing ones.
  • Utilization relates to using assets in an effective and efficient manner.
  • Disposition refers to the decision to sell or scrap an asset when it is no longer needed.
  • Maintenance encompasses all activities necessary to keep an asset in good working condition.

There are many different types of asset management systems, each with its own advantages and disadvantages. The most common asset management system is the periodic replacement model, which relies on the scheduled replacement of assets based on their estimated useful life. This model is simple to implement and easy to understand, but it can be costly if assets need to be replaced more frequently than expected. 

Benefits of Asset Management Solutions

There are several benefits of asset management to businesses, including improved asset visibility, reduced operating costs, and increased efficiency. By providing a complete view of an organization’s assets, asset management solutions can help businesses make better decisions about where to allocate their resources.

Additionally, asset management solutions can help businesses track and manage their assets more effectively, leading to lower operating costs and increased efficiency. In particular, asset management solutions can help businesses:

  • Improve asset utilization: By tracking assets across the entire organization, businesses can identify underutilized assets and redeploy them to other areas where they are needed more. This helps reduce wastage and optimize resource allocation.
  • Prevent downtime: By preventing critical assets from becoming unavailable, businesses can avoid costly downtime and disruptions to operations.
  • Improve decision-making: By providing a complete view of an organization’s assets, businesses can make more informed decisions about where to allocate their resources.
  • Reduce operating costs: By tracking and managing assets more effectively, businesses can reduce the costs associated with maintaining and operating their assets.
  • Increase efficiency: By improving asset utilization and reducing downtime, businesses can increase their overall efficiency. Asset management solutions can help businesses accomplish all of these objectives and more.

Essential Principles of Effective Asset Management

Effective asset management is guided by essential principles that ensure optimal utilization and maintenance of assets. These principles involve strategic planning, proper asset tracking, regular maintenance, and performance monitoring.

By strategically planning asset acquisition, organizations can align assets with their goals and maximize their value. Accurate asset tracking helps in inventory management, preventing loss, and enabling efficient asset allocation.

Regular maintenance ensures assets remain in optimal condition, reducing downtime and extending their lifespan. Performance monitoring allows organizations to assess asset performance, identify areas for improvement, and make informed decisions.

Adhering to these principles enables effective asset management, improving operational efficiency, reducing costs, and maximizing return on investment.

Developing an Asset Management Strategy

Developing an Asset Management Strategy involves formulating a comprehensive plan to optimize the management and utilization of assets within an organization. This strategy encompasses several key elements:

  •  Asset Inventory: Conducting a thorough inventory to identify and catalog all assets owned by the organization.
  • Asset Lifecycle Planning: Developing a strategy for each asset, including acquisition, maintenance, and retirement or replacement.
  • Risk Assessment: Assessing potential risks associated with asset management, such as maintenance costs, regulatory compliance, and technological obsolescence.
  • Performance Tracking: Implementing mechanisms to monitor asset performance, including metrics and key performance indicators.
  • Financial Planning: Incorporating financial considerations into the strategy, including budgeting for asset acquisition, maintenance, and upgrades.
  • Continuous Improvement: Establishing processes for ongoing evaluation and refinement of the asset management strategy to adapt to changing needs and technological advancements.

By developing a robust asset management strategy, organizations can effectively optimize asset utilization, reduce costs, improve decision-making, and enhance overall operational efficiency.

Best Practices for Asset Tracking and Inventory Management

Implementing effective asset tracking and inventory management practices is essential for organizations to maintain accurate records, optimize asset utilization, and streamline operations. Here are some best practices to consider:

  • Centralized Asset Database: Maintain a centralized database to track and manage all assets. This includes recording key information such as asset details, location, ownership, maintenance history, and associated documentation.
  • Unique Asset Identification: Assign unique identification numbers or barcodes to each asset to facilitate easy identification and tracking. This helps prevent errors and confusion during inventory audits or asset movements.
  • Regular Audits & Reconciliations: Conduct regular physical audits to reconcile the data in the asset database with the actual assets on-site. This ensures accuracy and helps identify any discrepancies or missing assets.
  • Automated Tracking Systems: Utilize asset tracking software or systems that leverage technologies like RFID, QR codes, or GPS for real-time tracking. This streamlines the process and improves accuracy.
  • Maintenance & Lifecycle Management: Implement a proactive maintenance schedule to ensure assets are well-maintained and their lifecycle is effectively managed. Regular inspections, servicing, and upgrades can extend asset life and prevent costly breakdowns.
  • Streamlined Procurement & Disposal Processes: Establish standardized processes for acquiring new assets and disposing of obsolete or surplus assets. This ensures efficient asset acquisition and proper disposal in compliance with regulations.
  • Employee Training & Awareness: Provide comprehensive training to staff members responsible for asset management to ensure they understand the tracking procedures, importance of accurate data entry, and adherence to best practices.

 

Key Integrations for Enterprise Asset Management (EAM) Software

Integrating enterprise asset management (EAM) software with other systems can significantly enhance its functionality and effectiveness. Here are some key integrations to consider:

  • Enterprise Resource Planning (ERP) System: Integrating EAM with ERP systems allows seamless data flow between asset management and other business processes like finance, procurement, and inventory management. This integration improves operational efficiency and data accuracy.
  • Maintenance, Repair, and Operations (MRO) Systems: Integrating EAM with MRO systems enables streamlined management of spare parts, inventory, and procurement processes. This integration ensures timely availability of necessary parts for maintenance and reduces equipment downtime.
  • Internet of Things (IoT) Platforms: Integrating EAM with IoT platforms allows real-time monitoring of assets, capturing sensor data, and enabling predictive maintenance. This integration enhances asset performance, reduces unplanned downtime, and optimizes maintenance schedules.
  • Geographic Information System (GIS): Integrating EAM with GIS systems provides spatial information about asset locations, enabling better asset planning, maintenance, and decision-making. This integration enhances asset visibility and enables efficient asset management across geographically dispersed locations.
  • Mobile and Field Service Applications: Integrating EAM with mobile and field service applications empowers technicians with access to real-time asset data, work orders, and maintenance history on mobile devices. This integration improves field service efficiency, accuracy, and response times.

These integrations broaden the capabilities of EAM software, enabling organizations to optimize asset management processes, improve asset performance, and achieve better operational outcomes.

The Role of Technology in Modern Asset Management

Technology plays a crucial role in modern asset management, revolutionizing how organizations track, maintain, and optimize assets. With efficient asset tracking technologies like RFID and GPS, real-time asset visibility is enhanced.

Predictive maintenance utilizing IoT sensors enables proactive issue detection, reducing downtime. Centralized asset management systems provide a holistic view for streamlined operations. Mobile access and remote capabilities empower field technicians.

Data analytics and integration with business systems offer valuable insights for informed decision-making. Leveraging technology in asset management improves efficiency, reduces costs, and enhances overall operational performance.

Risk Management in Asset

Effective risk management is crucial in asset management to mitigate potential threats and optimize asset performance. Here are key strategies and techniques:

  • Risk Identification: Identify and assess potential risks that could impact asset performance, such as technological obsolescence, regulatory compliance, or natural disasters.
  • Risk Evaluation: Evaluate the probability and impact of identified risks to prioritize risk mitigation efforts and allocate resources effectively.
  • Risk Mitigation Planning: Develop risk mitigation plans by implementing preventive measures, contingency plans, and business continuity strategies.
  • Asset Diversification: Diversify asset portfolios to reduce concentration risk and enhance resilience against market fluctuations or unforeseen events.
  • Monitoring and Reporting: Implement robust monitoring systems to track risk indicators and provide regular reports for timely risk assessment and decision-making.
  • Insurance Coverage: Obtain appropriate insurance coverage to protect assets against potential risks, such as property damage, theft, or liability.
  • Compliance and Legal Considerations: Ensure compliance with relevant regulations, standards, and legal requirements to mitigate legal and compliance risks.
  • Performance Analytics: Utilize performance analytics and data-driven insights to assess risk exposure, identify patterns, and make informed decisions.

By implementing these strategies and techniques, organizations can effectively manage risks in asset management, safeguard asset value, and ensure sustainable performance over time.

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FAQs

Q. Why should I select ValueCoders for asset management solutions?

Ans. By partnering with ValueCoders, you get access to 650+ specialists with in-depth knowledge across various information technologies and verticals domains.

Our business domain knowledge, proven methodologies, and technology expertise of skilled software professionals yield high-quality solutions that add value to businesses.

From Startups to Enterprises, Product Companies to Digital Agencies, and SMEs to Governments, we cater to them all for their diverse technology requirements.

Our delivery of cost-effective, professional, and proactive IT management services makes us one of India’s best-in-class asset management companies.

Q. What types of asset management do you offer?

Ans. We offer expertise in various types of asset management, including enterprise asset management, financial asset management, IT asset management, and infrastructure asset management. Our solutions are tailored to meet your requirements and offer tangible benefits that drive your business forward.

Q. How does your asset management service work?

Ans. Our asset management service involves a systematic asset management approach, from inventory and tracking to maintenance and optimization. We work closely with you to understand your business requirements and design tailored solutions that offer tangible benefits.

Q. Which methodology do you follow for asset management?

Ans. We typically recommend a three-phase methodology for asset management:

  • Assessment phase: In this phase, we assess your current state and identify where you need to make changes. We also determine which technologies and tools will be most useful for your specific business needs.
  • Implementation phase: This is where you’ll begin implementing the changes identified in the assessment phase. You’ll want to make sure all of your findings are in a row before starting this phase, as it can be quite complex and time-consuming.
  • Maintenance and evolution phase: Once the implementation phase is complete, it’s important to put into place a plan for the ongoing maintenance and evolution of your new systems. This helps you continuously adapt to the changes in the market.

Q. Can you tell me about some of the clients you have worked with so far?

Ans. We are a leading India-based asset management company with over 500+ clients from across the globe, including reputed enterprises like Johnson & Johnson, Pfizer, and L’Oreal. We offer a wide range of services such as web development, mobile app development, asset management solution, and more.

Our clients are SMEs, enterprises, ISVs, and digital agencies. Besides, we have served clients from different industry verticals, including healthcare, education, retail, publishing, FMCG, real estate, etc. We also have top clients from other regions, including North America, Europe, Africa, the Middle East, and the Asia Pacific. ValueCoders has also helped some tech-enabled firms to get customized software development.

What Our Clients Have to Say About Us

We are grateful for our clients’ trust in us, and we take great pride in delivering quality solutions that exceed their expectations. Here is what some of them have to say about us:

Working with ValueCoders has been a rewarding experience. Their software solutions are a perfect blend of innovation and functionality.

James Kelly

Co-founder, Miracle Choice

ValueCoders provided us with a robust and scalable software solution. Their team's proficiency is commendable.

Judith Mueller

Executive Director, Mueller Health Foundation

ValueCoders delivered a software solution that perfectly aligns with our business needs. They've been instrumental in our project's success.

Kris Bruynson

Director, Storloft

ValueCoders' commitment to delivering high-quality software solutions has made them our go-to partner for all our software needs.

Mohammed Mirza

Director, LOCALMASTERCHEFS LTD

Working with ValueCoders has been a rewarding experience. Their team's expertise is impressive.

Mr.Savarni

Founder- sbspco.com

ValueCoders' innovative approach to software engineering has significantly improved our business operations.

Jame Thompson

edinstitute.com.au

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