The oil and gas industry is an asset-intensive industry that demands huge implementation of EAM solutions to improve the productivity and efficiency of its critical assets. Upstream drilling, downstream production, refining, and midstream distribution companies have dire need to manage their critical assets to avoid equipment failure. Hence, to operate efficiently, substantial infrastructure is required throughout the oil and gas supply chain, with lower downtime. EAM facilitates integrated asset management, which helps organizations to conduct track inspection and testing, proactively maintain oil and gas plants, minimize the cost of operations, and reduce downtime. It also helps organizations to meet regulatory compliance such as age of infrastructure, while reducing security and safety risks.
Enterprise Asset Management Software in Oil and Gas
Comparing 34 vendors in Enterprise Asset Management Software across 148 criteria.
All vendors(24)
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Analysts
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Oracle eAM improves return on capital assets by incorporating both physical and financial aspects of the asset lifecycle management process. Oracle maintenance management provides critical asset information across various departments and increases equipment reliability and plant utilization through asset tracking, asset maintenance, and complex maintenance repair and overhaul.
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Not only does IBM Maximo provide management of assets, but it manages the treaties, work and services as well. The near real-time visibility gives access to your assets with 24/7 information. Reducing the unplanned downtime and increasing the operational efficiency, Maximo has made it far in the USP list.
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SAP solutions provide asset operations and maintenance; environmental, health and safety; capital portfolio and project management; energy and environmental resource management; quality management and compliance; business suite applications; and user experience for asset management. SAP Enterprise asset management software helps to manage outages and provides benefits such as high ROA, high productivity, safer work environments, faster recovery from failure, and increased customer satisfaction.
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The suite delivers similar efficiencies as the SchoolDude platform to local government, manufacturers, and other commercial businesses.In the EAM space, the company offers various solutions – MaintenanceDirect, a perfect work order management solution; PMDirect, a smart maintenance management software solution; InventoryDirect, an inventory management software solution; UtilityDirect, a utility tracking and bill analysis software solution; and ITAMDirect, an IT hardware and software asset management solution.
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The IFS EAM solution can be integrated with risk management, human resources, finance, document management, and purchasing. IFS EAM mainly caters to the oil and gas industry. The IFS EAM solution can be deployed either on the cloud or on-premises. The company offers EAM solutions to SMEs and large enterprises. IFS offers users flexible and effective support, enabling users to report and track issues 24x7. IFS also offers basic maintenance support using IFS self-service tools.
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Schneider Electric offers integrated asset management solutions Avantis EAM that include maintenance management, procurement, and inventory management. Schneider Electric implements these solutions (like Avantis EAM) for planning, handling, and executing the maintenance of portable and fixed resources. The company provides users strong technical support, with detailed downloadable documents.
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The company’s solutions (like Ellipse EAM) also allow clients to manage linear assets, fleet assets, and facilities while focusing on operational productivity. ABB offers its products to medium-sized and large enterprises. It relies on partnerships to deliver their services to clients. The company offers to deploy EAM solutions(like Ellipse EAM) either on cloud or on-premises platforms to deliver innovation for asset-intensive industries.
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Infor continuously updates its products and solutions to remain competitive in the market. For instance, the updated Infor EAM solution introduced new enhancements, which included nonconformity tracking, Open Computer-Aided Design (CAD), equipment ranking, and User Interface (UI). These enhancements increased the robustness and efficiency of Infor’s asset monitoring and management solutions.
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CGI is keen on developing products and solutions that deliver maximum results with minimum spending. CGI also develops products to address the needs of SMEs by designing quick and hassle-free deployment models. It aims at expanding its operations and market outreach through acquisitions. The company acquired Logica to expand its operations in America, Europe, and Asia as well as to expand its business processes portfolio.
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Vesta designs its products according to changing customer needs. The company focuses only on EAM, and it helps businesses manage the asset lifecycle with the assistance of SAP EAM solutions. Vesta also offers EAM project services, which include framework designing for SAP asset lifecycle implementation, system configuration, and testing.
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Fiix is the best modern Computerized Maintenance Management System. It is cloud-based and is revolutionizing how businesses around the world are running their maintenance department. It helps in organizing work orders, scheduling and tracking maintenance work, maintaining details of assets performances, inventory tracking, and multi-site management among many other features.
Popularly known as Vesta Configuration Management System, Vesta is a flexible software that helps in the management of the configuration system that is designed by Compaq for the reorganization of the size redevelopment of any application system.
The Alpha Group prefers the software for the authentication of the language files of hardware description and building of the simulators that are derived from other objects like Vesta building with guaranteed solutions like automatic dependency detection, etc.
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The Alpha Group prefers the software for the authentication of the language files of hardware description and building of the simulators that are derived from other objects like Vesta building with guaranteed solutions like automatic dependency detection, etc.
Genesis Technologies is a company that likes to handle their clients in a detailed manner. They are known for their Enterprise Asset Management Software, and they are proud of it. The company has already worked in the fields of Life Science, LNG, Manufacturing, so they have got the experience of handling everything from scratch. They provide their clients with the best solutions that are in their budget and makes sure that they are sustainable.
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Features of the product include:
- Helpful for preventive measures: This platform of CMMS software helps the business in taking various steps for preventing through maintenance. The platform helps in the monitoring of the lifecycle of multiple assets.
- Quick actions: The platform also helps the business with activities that are based on time as well as breakdowns of fixed assets too.
The eMaint CMMS software monitors and provides visibility into asset health, risk, and performance across the enterprise. Thus, it improves productivity, optimizes processes, and promotes risk-free business practices. It helps increase ROA and reduces maintenance costs. It also provides integration with third-party applications such as SAP and Oracle to make automated decisions that improve business productivity.
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Ramco Systems offers user-friendly ERP solutions on the cloud. The company also offers cloud-based HCM solutions that support the entire range of HCM needs from hire to retire. Ramco EAM is the outcome of over two decades of experience in providing asset management solutions to users across various verticals. It provides effective maintenance management, boosted by inbuilt analytics and excellent safety standards.
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Maintenance Connection Inc. as a company provides a CMMS and EAM platform that has been certified to provide solutions regarding the physical assets. About 350,000 professionals work in their company who try to make the platform the best one is available to any company. They have already served clients from more than 30 industries, including healthcare and the Government. A great thing about their platform is that clients can also access it using their smartphones.
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Mainsaver Software LLC provides an end-to-end robust CMMS software. The software takes the name of its parent company and helps in overall asset management. It helps in managing the work of hard assets and consists of 3 modules- Material, maintenance, and purchase. The software releases New updates each year with new features and refined functionalities to improve the overall user experience.
When it comes to the most affordable Enterprise Asset Management Software, Mapcon Technologies Inc. stands out with its platform. MAPCON CMMS is an advanced platform tailor-made to the business that is availing it and they can either lease it or buy the whole thing. It can also be accessed from a smartphone which makes it easier for a person to handle situations, especially when a decision needs to be taken fast.
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