Transform and Simplify Your Assets Management Using Asset Life Cycle Management Software

Manage your assets efficiently with advanced Asset Life Cycle Management Software. Automate maintenance, monitor performance, optimize utilization, reduce downtime, and gain complete insights to maximize asset value throughout its lifecycle.

What is Asset Life Cycle Management

Asset Life Cycle Management Advantages

Improve your Asset or Equipment Useful Life

Why Asset Life Cycle Management is Important?

Are your assets completing their expected life span?

Is your Asset performing optimal during its expected life?

What is your Asset Replacement Value as of Today?

We get answers of all above questions when we are tracking life of assets effectively. Managing asset life cycle can save you more than 30% of total purchase cost in longer run.


Normally, Air Cooled Chillers life expectancy is around 15-30 years. If due to poor maintenance you need to replace the Chiller in 11 Years? The same Chiller would have worked optimally if maintained properly. As Property Owner, It cost our finances 40% more.


Effective Life Cycle Management increase useful life of the Asset.

Asset Life Cycle Management
Benefits of Asset Life Cycle

Advantages of Data Driven Approach of your Asset Life Cycle Management

Calculate Asset Depreciation Value

Procurement and Maintenance Cost Tracking

Increased Asset Efficiency through Planned Preventive Maintenance Schedules

Ensuring compliance with regulatory standards

How Kaizen Help in Effective Operations and Maintenance?

Customized Asset Registers

KPI based Dashboards

Evidence Based Maintenance

Checklists, Instructions

Monitor and Track Your Asset Performance

Best way to manage Asset Life Cycle

What are 4 Stages of Asset Life Cycle Management

1

Planning

Effective planning gives you power to select the best strategy. By identifying the need of the Asset and capacity, we can choose the right asset for acquisition. Key decision makers should be part of this process.

2

Acquisition

Once we have identified the asset, we need to procure it. The vendors should be evaluated based on their quality, support and service. Here financial team also get involved and allocated budget is considered

3

Operation and Maintenance

What are you going to do so that Asset procured is working at optimal performance? What are different PM Schedules? What are checklists and SOPs for the asset maintenance and operations? All these are answered in this phase. During Operation Asset is continuously monitored and checked for any performance issues that could appear unexpectedly. Predictive and Proactive Maintenance strategy can help you to reduce maintenance costs by more than 30%. The CMMS or CAFM you select plays a critical role here. Simple and Easy to use Facility Management System can unload your team from unnecessary document management and MIS.

4

Disposal

After the end of Asset's useful it need to be sold, thrown-away or recycled.

4 Stages of Asset Life Cycle Management

Key Performance Indicators & Asset Management Life Cycle

PM Performance as per SLA

Employee Efficiency Work Hours closed, SLA

Breakdown maintenance raised vs closed

Preventive maintenance work orders withdrawn / rescheduled / defective

KPI Performance Metrics

% of asset under breakdown

No. of assets in bad condition

No. of assets registered more than 2 breakdowns

% of stock below threshold

Inventory older than say 60 days consuming a license

Inventory without assets

Peak hours/ Week days

Stock Threshold KPI Metrics

% of Missed AMC & Compliances

Vendor Performance for asset category

DG Efficiency

Asset Management FAQs

Asset Management Software helps organizations track, maintain, and optimize the lifecycle of their physical assets. Factech Solutions provides a centralized platform that improves asset visibility, automates maintenance, and reduces downtime, ensuring complete control and accuracy over all asset operations.
Asset Management Software Systems offered by Factech Solutions automate preventive maintenance schedules, track work orders, and monitor asset health in real time. This leads to fewer breakdowns, improved productivity, faster response times, and enhanced operational efficiency across facilities.
Yes. Factech Solutions provides flexible Asset Management Software Solutions that can be tailored to different industries such as manufacturing, real estate, education, healthcare, and facility management. Each module—like asset tracking, inventory, and maintenance—can be customized to match unique workflows and compliance needs.
Factech Solutions’ Asset Management Software includes asset lifecycle tracking, QR/barcode scanning, preventive maintenance automation, vendor and warranty management, real-time asset condition monitoring, and insightful reporting dashboards. These features help organizations reduce operational costs and extend asset life.
Factech Solutions provides highly secure and scalable Asset Management Software Systems with encrypted data protection, role-based access controls, and cloud-based architecture. The system easily scales as organizations grow, allowing the addition of new users, assets, and locations without performance issues.

Trusted by Industry Leaders

Our facility management solutions are trusted by Fortune 500 companies and leading organizations worldwide

500+
Projects Completed
30%
Cost Savings
95%
Client Satisfaction

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