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NEXGEN Asset Management

NEXGEN Asset Management

By NEXGEN Utility Management, Inc


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Highlights : About NEXGEN Asset Management

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View Linear Assets in GIS Maps

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Forward Thinking and Dynamic Maintenance Management

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Work Order Management

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Preventive Maintenance

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Customer Information Management

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Service Request

About NEXGEN Asset Management

NEXGEN Asset Management is a cloud-based computer maintenance management (CMMS) and asset management solution suitable for municipalities, facilities and manufacturing industries. It provides inventory management, condition assessment, inspections, customer and service requests, preventive maintenance, asset planning and work order management.

Specifications

  Business Size
Startup
  Deployments
Cloud
  Language Support
English
  Platforms

Product Details

Features

Asset Inventory

Asset Condition Assessment

Field Inspection

View Linear Assets in GIS Maps

Forward Thinking and Dynamic Maintenance Management

Work Order Management

Preventive Maintenance

Customer Information Management

Service Request

Asset Management Planning

Create Asset Lifecycle Management Plans

Risk Analysis

Funding Forecasts

Capital Asset Improvement Prioritization

Resource Management

Fully Featured Warehouse Management System

Administration and Security Tools

Benefits

A Better Way To Organize And Understand Infrastructure Assets

NEXGEN Asset Management is a great tool for creating effective and comprehensive asset management programs, and every asset management program must begin with a clear and precise understanding of all of the assets that will be included in such program.

Supports Linear And Non-Linear Assets

Infrastructure assets are generally classified into two: linear assets and non-linear or vertical assets. Linear assets include pipes, roads, and telecommunications lines while equipment, areas, structures, and vehicles are examples of non-linear assets

Access All Important Information Related To Assets In A Single Database

As their assets are organized in a single database, they will be able to access all important attributes and information associated with their assets such as work orders, maintenance histories, and more. This eliminates the need to use multiple spreadsheets and traditional databases that do not have the capability to efficiently and systematically organize all important asset attributes and information.

Automated Asset Condition Assessment

The Asset Module is built with a feature which lets users easily evaluate the conditions of their assets by automatically assigning ratings or scores to assets based on their age and remaining useful life. Because such feature is automated, users don’t have to apply any computations; instead, it is the solution which will provide and assign the condition scores and ratings.

Assess Asset Condition Through Field Inspections

Condition assessment in NEXGEN Asset Management can also be done manually. In this case,  it is the users themselves who will assign scores and ratings to the conditions of their assets. Their scores and ratings will be based on the condition assessments they produced after they conducted field inspections.

Dynamic Preventive Maintenance System

With NEXGEN Asset Management, preventive asset maintenance management programs and workflows can be executed smoothly. This is because the solution utilizes a CMMS or computerized maintenance management system that works hand in hand with the asset management capabilities and functionalities of the solution.

Boost Customer Satisfaction

Excellent customer service is achieved when organizations are able to quickly access all important information related to the customers who are relying on their services and respond to the service requests they are submitting. NEXGEN Asset Management is indeed a customer-centric asset management solution because it offers a module called Customers Module that allows users to engage and interact with their customers throughout the service request process, covering the sending of service requests, the creation of work orders, and the closing of service requests.

Customer Information Management

The Customers Module is comprised of two systems, namely customer information management system and service request system. The customer information management system allows users to access the records of their customers from GIS-based maps.

A Service Request System That Has Reporting Capabilities

Meanwhile, the service request system permits the automatic assignment of service requests to maintenance teams. It also provides users with the ability to monitor the labor and equipment allocated for each service request.

Enterprise-Grade Asset Management Planning

One of the most powerful modules of NEXGEN Asset Management is its Asset Management Planning Module. This module combines asset lifecycle management planning, asset condition and risk analysis,  funding planning and projection, and capital improvement prioritization. \

Perform Risk Analysis

The module permits users to create asset lifecycle management plans for different types or classes of assets through the aid of standard templates or custom plans that they can prepare on their own. While creating plans, the solution allows them to perform asset risk analysis. Here, they can prioritize assets and the associated renewal, rehabilitation, or maintenance projects.

Generate Funding Forecasts

Then, they can conduct funding planning and projections based on the risks associated with the assets. For instance, the solution lets them allocate more budget or funding to high-risk assets or those assets that require immediate maintenance so that such assets won’t fail or breakdown, resulting to costly asset replacement or reconstruction.

Capital Asset Improvement Prioritization

As users measure asset risk and perform funding forecasts, they will be able to create improvement plans and programs for their capital assets. They can prioritize risks and the projects they are setting up to mitigate such risks; and identify which capital asset improvement programs need to be implemented first. Also, they won’t be worried about presenting their programs, projects, and plans to stakeholders, as the solution provides them with all the data and tools they need for such purpose.

Fully Featured Warehouse Management System

NEXGEN Asset Management also comes with a fully featured warehouse management system designed to help users easily perform parts inventories, handle multiple warehouses in a single database and every aspect of them, and streamline the purchase order process. The system is built with a cycle count feature. Cycle count is an inventory counting method wherein a specific number of items or areas within the warehouse are counted and the total warehouse inventory is inferred from it.

Translate Data To Knowledge Using Performance Reports

Any asset management program must always be assessed to check whether it is meeting the service levels being expected from an organization. Thus, organizations should be equipped with reporting capabilities and tools so they can evaluate not only the performance of their asset management programs but also how they utilize their assets, serve their customers, and run their operations and projects. This way, they will be able to translate their data into knowledge.

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