Enterprise Asset Management (EAM)

Effective Enterprise Asset Management (EAM) can significantly reduce costs while gaining substantial improvements in utilization and performance.  For those companies who operate in asset-intensive industries such as utilities, manufacturing, telecommunications, mining and oil & gas companies, minimizing the total cost of ownership and streamlining asset operations to increase the return on assets is critical for a company to be competitive – let alone ensure success and long-term survival.

With the ever increasing competition and rigid environmental and occupational regulations, the time to ensure your company’s entire asset portfolio is driving extreme value to your company is now! Lucidity welcomes the opportunity to show you how to maximize your overall asset productively while minimizing asset total cost of ownership.

In addition to Advisory & Planning services around EAM, Lucidity offers the following technologies to provide asset management solutions:

• Oracle Enterprise Asset Management
• Oracle Utilities Work and  Asset Management
• Infor Enterprise Asset Management
• PowerPlan

Oracle Enterprise Asset Management

Oracle Enterprise Asset Management (eAM) solution provides asset management best practices for all your company’s assets and quality compliance on a single global instance to drive cost reduction through elimination of spare parts inventories, compliance with environmental, health and safety policies, and efficient coordination of production and maintenance schedules.  Key benefits associated with Oracle’s eAM solution are:

• Integrated Workplace Management – track all your company’s assets in a single repository
• Lean Maintenance and Quality Compliance – balance your throughput and ensure lean operations at every site in your company
• Lifecycle Management – monitor and control capital asset performance from procurement to retirement

Oracle Utilities Work and Asset Management

Oracle Utilities Work and Asset Management (WAM) provides companies the best way to manage their assets.  WAM can help your company manage maintenance tasks, evaluate repair vs. replace decisions and run in a highly efficient manner through company-wide visibility into operations.  WAM along with many other utility-niche applications were acquired by Oracle via the SPL acquisition.

Infor’s Enterprise Asset Management

Infor’s EAM Enterprise provides the tools to effectively monitor and efficiently manage the deployment, performance, and maintenance of all of your company assets; thereby, helping your company minimize operational downtime which can decrease costs and boost profits.  With Infor’s EAM Enterprise you will:

• Cut costs through better procurement and materials management
• Promote workforce productivity through the automation of budgeting, regulatory compliance and maintenance

With Infor’s EAM Enterprise you can experience the following benefits:

• 20% improvement in labor productivity
• 30% reduction in inventory levels
• 20% reduction in inventory carrying costs
• 5% reduction in new equipment costs
• 10% increase in fleet availability
• 50% increase in warranty cost recovery
• 10% reduction in materials costs
• 50% reduction in purchasing process costs

PowerPlan’s Solutions

PowerPlan, Inc. is an enterprise software company devoted to helping asset-intensive businesses such as utilities, railroads, telecommunications, mining and oil and gas companies optimize their financial performance.   PowerPlan combines purpose-built software for asset centric accounting, tax, budgeting and analytics with domain expertise to help executives generate cash, mitigate compliance risk and enable a culture of cost management. The world’s most demanding asset-intensive companies trust PowerPlan to manage over $2 trillion in assets.  The PowerPlan solutions are extremely attractive to many of the asset-intensive verticals serviced by Lucidity today such as manufacturing and utilities, just to name two.   Most companies that implement PowerPlan realize a return-on-investment in less than two years!   It is for these reasons that Lucidity is excited about our partnership with PowerPlan and the opportunity to offer PowerPlan solutions to our asset-intensive client base.