Enterprise asset management

Enterprise asset management (EAM) is the process of managing an organisation's physical assets, such as buildings, equipment and infrastructure, from purchase to disposal. It helps ensure assets are used efficiently, remain safe and perform well over time.

EAM systems combine maintenance planning, asset tracking and financial reporting in one place. This allows teams to stay ahead of repairs, monitor energy use, manage budgets and meet regulatory obligations.

Key benefits

  • Extends asset life – Prevents breakdowns through scheduled maintenance

  • Reduces costs – Avoids overspending and energy waste

  • Improves visibility – Tracks assets across multiple sites in real time

  • Ensures compliance – Supports safety checks, audits and ISO standards

  • Informs decision-making – Helps plan replacements and investments more effectively

What it typically includes

A good EAM system will cover:

  • Asset registers with location, usage and condition data

  • Maintenance scheduling and work order tracking

  • Integration with IoT sensors for real-time performance monitoring

  • Financial tools for budgeting, depreciation and lifecycle costing

  • Compliance tracking and reporting for health, safety and environmental regulations

Concerto's approach

Concerto's Integrated Workplace Management System (IWMS) includes full EAM functionality. It provides estate teams with real-time asset insights, automated maintenance tools and integrated compliance reporting.

It's built to help large estates operate more efficiently, reduce downtime and meet sustainability targets. With mobile access and cloud-based dashboards, teams can manage assets across multiple sites, wherever they are.

 

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