EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
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Enterprise Asset Management
The Enterprise Asset Management (EAM) solution developed by EY provides a comprehensive approach to asset management, enabling seamless transformation through Enterprise Resource Planning and operational excellence. Our EAM services offer strategic insights and frameworks to enhance asset utilization, optimize costs, and drive efficiency through IT asset optimization and increased productivity while ensuring scalability.
How EY can help
What EY can do for you
EY offers consulting in Asset Management services with a team of more than 80 Asset Management professionals working across multiple industries. We specialize in designing, maintenance and transformation of the hardware asset landscape for our clients.
Key highlights:
- Streamline and improve maturity of hardware asset management processes from asset acquisition to retirement
- Digitize and establish the baseline for the hardware asset repository enabled with QR or RFID technologies and asset financial mapping
- Enhance tooling capability by leveraging the EY AMS platform, tailored to meet your asset management needs and improve governance and sustenance
- Increase asset efficiency through a strategic approach that delivers actionable business insights and cost saving initiatives
- Drive operational excellence with governance and policy standardization, streamlined maintenance processes and transactions management
- Establish asset assurance to fulfill CARO compliance and reduce additional spending on annual verification programs
- Implement an efficient asset utilization strategy to reduce capex spend by tracking asset ageing, useful life, and rationalization programs
Key offerings
Why EY
At EY, we understand that managing assets efficiently is crucial to the success of your business. With the rapid evolution of technology and increasing complexity, businesses need a strategic partner who can provide expert guidance and tailored solutions for Enterprise Asset Management (EAM).
Enterprise Asset Management Solution by EY sets you on a comprehensive, end-to-end asset management and transformation journey. By adopting a robust asset management practice with our solution, organizations can gain complete control over their inventory and assets, from ordering and physical movement to accounting. As the ideal partner for EAM program implementation, EY helps businesses improve efficiency, reduce costs, mitigate risks, and align asset strategies with broader business goals. We are here to help you unlock the full potential of your assets.
Key features:
- ~30%+ reduction in failures and maintenance costs
- 25% to 30% improvement in KPIs with digital streamlined processes
- 30% to 45% improved equipment financial and operational compliance for business
- 10% to 30% capex avoidance linked to asset data visibility availability and utilization
- 8% to 10 % capex savings for hardware asset spend
- 10% to 15% opex savings on asset inventory and working capital
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