TechnologyOne Strategic Asset Management secures success with 10 new customers

Australia’s largest enterprise software developer TechnologyOne (ASX: TNE) has signed 10 new customers for its Strategic Asset Management (SAM) solution in the last 12 months, including Toowoomba Regional Council (QLD), The Hills Shire Council (NSW), City of Canada Bay (NSW), City of Charles Sturt (SA) and City of Fremantle (WA).

TechnologyOne Strategic Asset Management is powered by Assetic, the market leader in SAM. Combined with TechnologyOne’s proven Enterprise Asset Management solution, customers benefit from the market’s first fully integrated, total asset management solution.

The local government sector in particular is facing huge legislative challenges in line with the National Asset Management Framework and the various State Government Departments of Local Government Integrated Planning and Reporting Framework and Guidelines (IPR).

TechnologyOne General Manager – Asset Management, Peter Suchting said these frameworks meant councils in all states and territories had to deliver long term asset management plans, renewal programs and capital budgets based on reality rather than guess work.

“Councils need to understand the current health of their assets, what their service level targets are over five, 10 and 20 years and how they will fund them, the scenarios if they cannot fund them, how to deal with any funding gaps and the fair value of assets and their consumption,” Mr Suchting said.

“In this way, decisions about where and when to spend money are based on long-term, community driven outcomes rather than short term goals.

“This is why our existing and new customers welcomed the full integration of the Assetic SAM and TechnologyOne Enterprise Asset Management software. 

“Our solution enables them to manage the reactive and planned maintenance of assets driven by powerful GIS integration and Mobile deployment, while SAM provides nationally benchmarked algorithms and modelling provide long-term financial analysis, asset valuations, forecasting and community service planning,” Mr Suchting said.

Paul Fendley, Manager - Information, Communications & Technology, Toowoomba Regional Council, said the all-encompassing Asset Management solution offered by TechnologyOne was a deciding factor in the Council choosing TechnologyOne as its enterprise software partner.

“We wanted a whole of lifecycle, strategic asset management approach but we did not want to take on another vendor, so the fact that we can have deep integration with Assetic’s specialised software and only deal with TechnologyOne was perfect,” Mr Fendley said.