The best digital asset management (DAM) software for enterprise use depends on your industry and needs. For broad operational asset oversight, EAM platforms like monday service offer workflow customization, analytics, and AI-powered insights, making them well-suited for enterprises managing both digital and physical assets.<\/p>\n"},{"question":"What is the difference between ERP and EAM?","answer":"
ERP (Enterprise Resource Planning) systems manage core business functions such as finance, HR, and procurement. EAM (Enterprise Asset Management) focuses specifically on the lifecycle of physical and infrastructure assets. While ERP systems offer high-level operational oversight, EAM tools go deeper into asset tracking, maintenance scheduling, and performance monitoring.<\/p>\n"},{"question":"What is the difference between EAM and CMMS?","answer":"
CMMS (Computerized Maintenance Management Systems) are designed primarily for managing maintenance tasks. EAM systems include maintenance functions but also support asset planning, procurement, performance analytics, and end-of-life management. In short, all CMMS tools are part of EAM, but not all EAM systems are limited to CMMS.<\/p>\n"},{"question":"What is an enterprise asset management system?","answer":"
An enterprise asset management system is software that helps organizations track, maintain, and optimize the assets they rely on to operate, such as machinery, IT equipment, buildings, and infrastructure. These systems centralize data, automate maintenance, and provide insights across the asset lifecycle, helping businesses reduce costs and improve performance.<\/p>\n"},{"question":"What is SAP enterprise asset management?","answer":"
SAP's Enterprise Asset Management solution is a module within its broader ERP offering. It supports asset-intensive operations by managing activities like maintenance and inspections, field service, and compliance. It integrates with other SAP modules to give large enterprises a centralized approach to asset oversight.<\/p>\n"},{"question":"What is mobile enterprise asset management software?","answer":"
Mobile EAM software allows users to access asset data and complete tasks from tablets or smartphones. Field technicians can update maintenance logs, scan asset barcodes, or check compliance status without returning to a desktop. Mobile capabilities improve efficiency, especially for distributed or on-the-go teams.<\/p>\n"},{"question":"What enterprise asset management software do companies use?","answer":"
Companies use a variety of enterprise asset management platforms, such as monday service, SAP EAM, IBM Maximo, Oracle Fusion Cloud, and ServiceNow. While each offers unique strengths, monday service stands out for its intuitive interface and future-facing functionality. Our platform combines an incredible lineup of AI features and a digital assistant, coupled with no-code flexibility that makes it a strong choice for teams that want fast setup and scalable workflows.<\/p>\n"}]}],"activate_cta_banner":false,"banner_url":"","main_text_banner":"","sub_title_banner":"","sub_title_banner_second":"","banner_button_text":"","below_banner_line":"","use_customized_cta":false,"custom_schema_code":"","parse_from_google_doc":false,"sections":[{"acf_fc_layout":"content_1","blocks":[{"main_heading":"","content_block":[{"acf_fc_layout":"text","content":"
Business looks good on the surface. Revenue is strong, customer loyalty\u2019s up, and everything seems solid, until you scan the balance sheet. But the numbers aren\u2019t adding up the way they should. Depreciation\u2019s climbing, unplanned maintenance is eating into margins, and high-value assets seem to vanish into overhead. The truth? You\u2019re spending a fortune on your business assets, and you don\u2019t even know the full cost.<\/p>\n
Our guide introduces enterprise asset management (EAM) as a solution to this common problem. We\u2019ll cover the EAM process, best practices, metrics to track, and also introduce how monday service gives you the insight to run leaner, spend smarter, and extend every asset\u2019s value.<\/p>\nTry monday service<\/a>\n"}]},{"main_heading":"Key takeaways ","content_block":[{"acf_fc_layout":"text","content":" Enterprise asset management (EAM) is the practice of overseeing and maintaining the assets an organization relies on \u2014 think furniture, tools, IT systems, or even property. By doing so, your assets stay cost-effective and add value to the business through their availability and performance. EAM covers the full lifecycle of an asset: acquisition and onboarding, deployment, maintenance, optimization, and disposal.<\/p>\n The goal is to keep essential operations running smoothly while managing costs, meeting compliance standards, and making informed decisions about repairs or replacements. A strong EAM system helps teams schedule maintenance, track asset performance, and ensure the business uses every piece of equipment efficiently.<\/p>\n Despite how critical this is, many companies are still in the early stages of getting it right. EY\u2019s 2025 EAM maturity model<\/a> shows that 59% of organizations are still developing their approach, and only 7% have reached an advanced, optimizing level. None reported having a fully mature program in place.<\/p>\n Enterprise IT asset management<\/a> (ITAM) is a subset of EAM that focuses specifically on managing an organization’s IT assets, such as laptops, servers, software licenses, and network hardware. It involves tracking the location, usage, lifecycle, and compliance status of each asset, so employees have the digital tools they need to complete their work effectively and securely.<\/p>\n ITAM enables organizations to control software costs and make smarter decisions about ops like patching, upgrades, and decommissioning.<\/p>\n <\/p>\n"},{"acf_fc_layout":"image","image_type":"normal","image":227251,"image_link":""}]},{"main_heading":"The enterprise asset management process in 6 steps ","content_block":[{"acf_fc_layout":"text","content":" Enterprise asset management follows a clear cycle from planning to retirement:<\/p>\n The value of investing in asset management shows up in many areas of the business, including:<\/p>\n Organizations that take care of their assets get more out of them in the long run. The IRS defines asset life estimates<\/a> for tax purposes that also serve as a solid benchmark for planning and understanding how long you can expect a particular asset to be in the mix:<\/p>\n When companies maintain their assets regularly, they\u2019re more likely to reach, or even exceed, these expectations. Being proactive about asset upkeep makes replacement planning easier, with fewer surprises or budgeting mishaps.<\/p>\n Tracking is an essential part of asset management, especially in complex organizations with distributions. EAM can tell you the exact location of that laptop you loaned out to the sales team for a conference presentation last month. Or the health of the printers in your Bangkok office. This level of visibility delivers full control over every asset that plays a part in your business.<\/p>\n Assets in a good state of repair are less likely to disrupt your operations. Whether it’s a server that doesn’t crash under pressure or an HVAC that actually works during a summer heat wave, small maintenance wins add up fast. For this reason, 90% of asset managers cited asset availability and reliability<\/a> as their top focus, up 31% over the past 5 years.<\/p>\n EAM platforms provide better insight into which equipment needs attention before it breaks. With smart alerts and triggers, teams stay ahead of problems with timely checks and repairs.<\/p>\n Every organization faces some level of responsibility regarding safety, data security, or environmental standards. And the condition of the assets in use can influence each of these.<\/p>\n EAM systems keep your records organized, so every time an audit rolls around, you know your maintenance logs are in order and the dates of your last inspection.<\/p>\n\n
What is enterprise IT asset management?<\/h3>\n
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Extended asset lifespan<\/h3>\n
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Improved asset visibility<\/h3>\n
Reduced downtime and maintenance costs<\/h3>\n
Regulatory compliance and risk reduction<\/h3>\n