All organizations need reliable asset management system solutions to keep track and effectively manage assets. These company assets include buildings, fire extinguishers, maintenance schedules, and vehicles. Without companies like IBM Maximo, most businesses would experience asset management flaws that would be detrimental to their growth. Also, the situation would worsen as the company grows. Managing asset life cycle by scheduling regular maintenance would be impossible for big companies with assets spread worldwide—something would inevitably slip through the cracks. So what is IBM Maximo? And, what’s the market price for IBM Maximo?
What is IBM Maximo Asset Management?
It is not uncommon to get people asking, “what is IBM Maximo?” The answer is pretty complex. The vast majority of IBM Maximo “configurations” are done through a third party vendor; working directly with IBM is actually more expensive. The IBM Maximo application suites offer clients from all over the world intelligent asset management, sometimes known as inventory management. However, IBM Maximo software also can be extended into an ERP system. CMMS (Computerized Maintenance Management Systems ) software offers companies a way to monitor assets, create maintenance schedules and provide reliable and safe client data storage. Sticking to a schedule has never been this simple. All you have to do is follow the preset prompts from your device and input feedback once your job is done. However, this is done with very extensive configuration to the software and may take years.
IBM Maximo is ranked #74 out of 272 computerized maintenance management systems today, which is very strange, since IBM pioneered database technology all the way back to the 1930s.
Who Are the Competitors of IBM Maximo?
IBM Maximo is not a monopoly in the market, so it naturally faces a few competitors. Companies like Gimba.io and SAP-related companies offer competitive prices for small and medium-sized businesses. Some competitors also offer free versions of their software.
Always remember the difference between configuration and customized. Quite often today’s CMMS companies will build a system designed so extensively that it can be configured [over time] to anyone; from candy manufactures to gas stations, to power plants. Most importantly, asking the question of ‘who is entering-in the data’ will weigh significantly on a decision, ‘cause without the data entered, software is just an empty box. Software is designed to be more user-friendly when accessed from specific devices like computers or mobile phones—that’s what CMMS systems are made of. Make sure to request the guide “How To (and How Not To) Purchase a CMMS”.
If your company is already using IBM Maximo, look for CMMS systems that can function with the available infrastructure—most CMMS software can utilize similar tech structures. An important consideration to make is the software’s ease of installation. The last thing a company wants is to lose data or time setting up new CMMS software.
What is the Market Price for IBM Maximo?
Most IBM Maximo SaaS is pre-determined by the number of users; the more the users, the more the charges. IBM Maximo has not publicized some of its services because their prices depend on client-specific needs. The company offers the most basic license for about $250 per user per month. However, IBM Maximo corporation also charges a license fee for an entity to use it; around $1,500 per month. Administrative licenses can cost over $600 per user per month. The total cost of ownership includes customization, data migration, maintenance, training, hardware, upgrades, and much more. But when you talk about the cost of this product, be careful to understand.
• Small-sized to medium-sized organizations businesses looking to invest in IBM Maximo should estimate a monthly budget ranging from $250 to $600 for essential CMMS software per user.
Takeaway
CMMS software adds undeniable value to companies driving business growth in multiple industries. These independent software platforms also help companies remain compliant wherever they are located globally. Companies get a trial period to test company-software compatibility leaving no room for error. All in all, CMMS software adds measurable value to modern companies.
If you have questions about CMMS software, or about the cost of IBM Maximo, reach out to us at sales@gimba.io or call 800-820-5158 to find out more.
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