Return on Investment (ROI) is a key consideration when multi-site facility managers look to invest in new technology. Asset and facility management platforms like mendrhub bring about significant business benefits – some tangible, and others harder to quantify – but ROI remains a key driver. Based on firsthand experience working alongside our clients, here are three ways asset management software can help you not just meet your ROI targets, but exceed them.
Minimise downtime and maintenance costs
When equipment goes down unexpectedly, the resulting downtime can get costly. Emergency repairs aren’t cheap, and neither is the lost productivity. Asset management software is designed to mitigate the risk of downtime by enabling predictive and preventative maintenance. It does this by allowing users to proactively schedule regular maintenance on critical equipment, auto-dispatching jobs to the right technicians and creating custom checklists so the health of all equipment is optimised.
Being proactive can save your bottom line from expensive repair costs, but it will also extend the uptime and overall lifespan of your equipment––keeping your customers happy for longer. This kind of transparency over the health of your assets ultimately means less downtime and seamless operations.
Optimise resource allocation
A key goal of an asset management platform is to help improve the efficiency of your processes. By managing all supplier-related facility management activities in one place—like asset history, contractor skills, accreditations, rates and coverage, as well as maintenance scheduling––your management team retains full visibility and control over your supplier network and minimises service and maintenance costs.
Automations can take this a step further by triaging potential jobs and auto-assigning service requests to the right service providers. Not only does this cut back on time-consuming manual scheduling, reducing the risk of human error and streamlining your operations, it lets you auto-allocate jobs to preferred local providers saving on commuting costs and asset downtime.
Enhance decision-making through data
One of the key advantages you can gain by digitising your facility management is the ability to quantify your business’s operations with real data. Though data alone is insufficient. Interactive dashboards offering data visualisation and extractable reports help give meaning to your data and allow your team to make quick and informed business decisions that bring about greater long-term value from procurement, suppliers and staff.
With insights into equipment performance and maintenance history, it’s easier than ever to evaluate the cost-effectiveness of facility assets, make prudent repair or replace decisions and refine internal procedures. Data captured on these platforms also allow for the easy comparison of supplier performance and cost, allowing you to optimise your supplier network. Ultimately, asset management software empowers decision-makers with the critical information they need to save your business money in the long run.
Asset and facility management software isn’t just a tool – it’s key to improving your bottom line, as well as transforming the way you do business. From minimising downtime, to better resource management, to putting game-changing insights into your hands, this software is a must-have for any business that manages multi-site facilities or mission-critical assets.