The Cost of Spreadsheets in Fixed Asset Management

  • Source: Sage
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Spreadsheets have become one of the most prevalent software applications used in businesses today, for everything from simple calculations to impromptu databases for tracking a wide range of information, including employee hours, expense reports, and fixed assets. And while spreadsheets are inherently useful in business, they are constantly being used for tasks in which they are ill-suited. Many companies use spreadsheets for financial tracking and reporting, but the negative aspects of using spreadsheets for tracking and depreciating fixed assets are substantial. This white paper describes fourteen ways that spreadsheets can fall short, and gives recommendations for implementing a dedicated asset inventory and asset accounting solution.

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CMMS vs EAM: What Is the Difference?

  • Source: IFS
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Every enterprise asset management (EAM) application can be used as a computerized maintenance management system (CMMS), but not every CMMS can be used as, or has the broad functionality of, an EAM application. More specifically, CMMS is essentially about managing maintenance work necessary to sustain an asset, whereas EAM has more to do with managing the asset over its lifecycle to minimize cost and risk while maximizing return. This white paper explores how CMMS applications and EAM applications... Read More

Selecting ERP Software for the Mining Industry

  • Source: IFS
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