eSSETS Review - why 4.9 stars?

Shlomi Lavi / updated: Mar 04, 2022

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What is eSSETS?

Essets is an asset management solution. The software allows companies to manage their facilities and assets with features that include asset inventory, inspection, preventive maintenance, resource allocation as well work order management.

The company Essets was founded to deliver solutions that manage the full asset cycle from acquisition, tracking, maintenance & inspection, performance and retirement. The company’s goal is to ensure that the utilization of all assets is maximized while ensuring that asset lifecycles are extended for long term use and cost reduction.

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Who is it best for?

Essets is a cross industry product that includes sectors such as Healthcare, Local Government, Aviation, Educational institutions, Food Service and Manufacturing. It is scalable for any size of business and it is provided as a cloud based solution.

The product is suited for companies that are looking for an asset management solution that will save them money & time while reducing risk and increasing asset reliability. As it is offered as a cloud based solution there is minimal technology investment and no software maintenance required, with only a monthly subscription fee based on usage. This provides a cost effective solution for companies looking for quick deployment and Return on Investment (ROI). In addition the product has a free trial allowing companies to minimize their software investment risk so they can confirm product fit to their requirements prior to actual software purchase.

Essets can also handle a variety of facilities that include Properties, Buildings, and Warehouses & Plants giving customers the flexibility to manage all their relevant assets. In addition the product has an extensive database of assets already pre-configured such as office equipment, vehicles, ground service equipment as well as kitchen service equipment. This allows asset & equipment managers to be able to setup their asset inventory quicker and focus on the smaller set of unique assets that need full setup. In addition Essets supports mobile access of the application via smart phone & table so both managers & field staff can get access to critical asset information, assignments and activities while working remotely.

Customers for Essets include Ozarks Technical Community College.

Main features and functionalities

Essets has a comprehensive asset maintenance module that supports preventive maintenance, preemptive inspections as well as warranty coverage. This benefits companies by reducing maintenance costs, allocating reliable maintenance vendors, as well as providing detailed asset performance histories when insurance renewals are required to reduce premiums. Additionally you can also track energy usage of assets so that asset usage can be optimized to reduce energy consumption.

The product supports workflows for routing of maintenance & inspection requests as well as work order management for Managers & Dispatchers to track assignments through the full cycle with a detailed audit of all actions taken. There is also a document management system for tracking all asset related information such as installation manuals, troubleshooting guides as well as inspection & maintenance histories. This is useful for asset analysis to determine corrective actions & process improvements to extend asset lifecycles. The information is also organized into a contextual knowledge base which can be easily searched for relevant asset information.

Essets provides a Places module to organize both physical asset locations such as buildings & warehouses, as well as logical locations such as regions & districts. In this way facilities can be organized according to the business requirements & processes for asset management. There is also an Organizations module for grouping parties related to an asset or group of assets such as contractors, maintenance & warranty providers, and engineers & inspectors for easy access of relevant resources. Finally there is an Activities module to track all actions taken on a given asset such as repairs, utilization, maintenance, warranty and service level agreements (SLAs) which can be tied to the asset history.

What is the actual cost?

The cost of license starts at $432 per user/year. ITQlick pricing score is 2 out of 10 (10 is most expensive). Access ITQlick pricing guide for eSSETS.

Pros

• Essets offers a free trial of its product
• Mobile device access of the application is supported by Essets
• The product has an extensive database of pre-configured assets to allow rapid setup of asset inventory
• Essets is provided as a cloud based solution which needs minimal technology investment and no software maintenance but can be scaled to business growth
• The product allows tracking of energy utilization of assets as well

Cons

• Essets does not offer an on premise version of its solution
• The product does not provide any social collaboration features.
• Essets does not support user driven customization of the product
• There are no advanced Business Intelligence & Analytics available in Essets
• The solution does not fully support integration with third party software

How it stacks up?

Access a head to head analysis of eSSETS vs alternative software solutions.

Frequently Asked Questions (FAQs)