Futureworx Asset Management

An incredible management tool for Construction Plant & Equipment managers. Our tool will provide valuable information relating to the whereabouts and productivity of your P&E on your construction sites. Additionally the tool will help to pro-actively prevent theft.

Construction Management • Tracking • Monitoring • Security

Our Asset Management product manages your plant, identifies efficiencies and costs of your fleet relative to your projects, reducing potential losses and inefficiencies to your business.

We provide specific solutions catered to the construction industry. We not only do what every other system does (track equipment, prevent theft, etc.), but we also provide critical reports which show the construction plant manager such things as:

Plant utilisation
Breakdowns
Plant efficiencies
Equipment running hours and standing time
Alerts to management (eg – plant not running, not in expected location, moving out of pre-determined area etc)

The information provided by our FAM solution can be fed into our Construction ERP, BuildSmart where there is a comprehensive plant and equipment module providing extensive management reports and cost control for plant operation. Plant costing is incorporated into our project cost reports so that full cost history of the plant and equipment is reflected in the project cost report.

The investment into construction plant and equipment (P&E) is significant – often millions of dollars. P&E is a major expense in any construction project, alongside labour and materials.

Your P&E needs to work for you and streamline processes to increase efficiency and cost effectiveness. Management tools assist in utilisation, efficiencies, planned maintenance and the whereabouts of your P&E. We provide a cost-effective, construction-focused solution for your asset management.

Track Maintenance in Real Time

Keeping machinery secure, however, is only one benefit of using GPS tracking. It can also ensure your plant is being well maintained and looked after. This is done by tracking the number of hours that your plant is running and notifying you when any regular maintenance is required. This allows for a more streamlined process and gives the asset manager increased peace of mind.

Ensure Added Security

Taking a proactive approach when it comes to the security of your plant is paramount. Our GPS tracking systems enable you to put an electronic ‘fence’ in a chosen radius. If your plant ever leaves the pre-set vicinity, you will be notified directly. This feature is especially beneficial for asset managers who may have to leave machinery unattended for extended periods of time.

Pro-actively Prevent Theft

Most of the plant used across construction sites are relatively expensive to purchase as well as maintain. The added risk is that they are often left in various locations where there are few people to survey these assets, outside of standard working hours. Theft is extremely common and a major threat to most construction companies, especially under circumstances where insurance for the machinery will not compensate for well-maintained assets. Theft is a major exposure associated with plant and is often a threat to insurers as well as asset managers. Management and protection of plant can be viewed from both a prevention and recovery perspective.

A solution for such a problem can be found in GPS technologies, which allow for real-time tracking of machinery.

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Asset management

Key Capabilities

Futureworx Asset Management software is most effective when used in conjunction with our BuildSmart software. Buildsmart is a fully integrated, web-based, enterprise management system (and construction accounting software) providing industry aligned information to construction & engineering companies across the globe. BuildSmart also includes an exceptionally rich P&E module.

To find out more, read here!