Revolutionizing Asset Management: A Journey to Efficiency with Low-Code Solutions

March 2, 2024

Since 1985, a leading engineering and manufacturing company has been a pioneer in the engineering and manufacturing domain, specializing in producing cutting-edge industrial equipment and solutions. With a workforce of over 4,000 employees, the company has achieved remarkable growth and operational success. However, managing critical assets like equipment, plant machinery, and industrial tools became increasingly challenging due to their legacy asset management system.

Challenges of Legacy Asset Management Systems

The previous system relied heavily on manual processes and lacked the flexibility needed for modern operations. The company encountered several pain points, including:

Key Functionalities

• Time-Consuming Processes: Manual data entry and approval workflows slowed operations, consuming valuable resources.
• Inefficient Asset Tracking: Decentralized data hindered effective monitoring of approvals and asset health.
• Lack of Preventive Maintenance: Reactive maintenance strategies due to limited real-time insights resulted in higher operational costs.
• Document Decentralization: Scattered critical documents across emails and shared drives created inefficiencies and delays.

The Need for an Approval System

Approval processes ensure accountability and compliance, particularly when managing high-value assets. The company required a streamlined mechanism to approve asset-related requests like procurement, maintenance, and disposal, ensuring swift decision-making and traceability.

Credenca’s Low-Code Automation Solution

To overcome these challenges, the company partnered with Credenca to implement a transformative asset management system using low-code technologies integrated with SAP Public Cloud.

Solution Highlights:

• Automated Approval Forms: Power Apps integrated with SAP Public Cloud enabled seamless data flow, reducing manual effort and increasing accuracy.
• Streamlined Approval Workflows: Power Automate was used to automate approvals, eliminating bottlenecks and speeding up decision-making.
• Centralized Document Repository: SharePoint provided a structured repository for asset-related documents, ensuring easy access and organization.
• Enhanced Real-Time Tracking: Power Apps improved visibility into asset health and approval processes, enabling better control.

Business Benefits

The transformation delivered measurable improvements:

• Increased Efficiency: Automation significantly reduced processing times, allowing employees to focus on strategic initiatives.
• Data-Driven Decisions: Real-time insights supported predictive maintenance, enhancing operational reliability.
• Minimized Errors: Automated processes reduced manual errors, ensuring consistency and accuracy.
• Cost Optimization: Streamlined workflows and preventive maintenance contributed to substantial cost savings.

Key Features in Action

• Approval Matrix: Notifications through Teams and email ensure all stakeholders remain updated on request statuses.
• Admin Panel: A centralized hub for managing employee and asset data, simplifying operations.
• Scalability: The solution supports 10 plants and over 150 employees, ensuring seamless operations across locations.

With this upgraded system, the company has redefined operational efficiency, embracing automation to drive productivity and sustainable growth.

For more information on how Credenca can empower your business with innovative data solutions, contact us:

sales@credenca.com
+91 866 996 9944 | +91 020 2689 835