New IBM Solution Targets Asset Management for Government

IBM Maximo improves asset tracking to reduce waste

IBM has pushed its Maximo asset management software to the public sector. The company announced that a new product will help government agencies and their contractors “improve the monitoring of goods and services they deliver to the public.”

IBM Maximo Government supports contracts, personal property, and the U.S. Department of Defense’s UID (Unique Identifier) requirements. The solution supports compliance with government regulations for asset and property management.

Some government waste can be the result of poor asset tracking, non-competitive contracts, and the need to use private companies to perform government functions because of inefficiencies. The functionality in Maximo for Government provides better management of some mandatory government contract provisions, including the ability to identify and manage contracts in greater detail (such as tracking the full spectrum of parties involved in delivering goods and services).

With IBM Maximo Government, users can:

  • Create a consolidated system and a “government-driven” view from a single platform

  • View current property ownership, stewardship, location and status, providing insight into an asset’s complete lifecycle

  • Improve management of risk and compliance with government, environmental, and safety regulations

“As the next offering in IBM Maximo industry solutions, Maximo for Government addresses many of the asset-management-related needs of the large government sector and its associated contractors," said Houghton Leroy, research director at ARC Advisory Group in a statement. "The offering includes many of Maximo's core abilities for tracking and managing assets, resources, and information as well as new functionality for some of the recently enacted government reporting requirements. With many government agencies and contractors looking for more efficient ways to achieve asset compliance, this new Maximo solution should be well received and beneficial.”

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