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Asset Performance Management Software

asset performance management software

Asset Performance Management (APM) software is a type of technology solution used by organizations to monitor, analyze, optimize, and manage the performance of their physical assets.

These assets can include machinery, equipment, infrastructure, and other critical components of a business’s operations.

The primary goal of Asset Performance Management software is to enhance the reliability, efficiency, and overall performance of these assets throughout their lifecycle.

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AIM and APM: What is the difference?

Asset Integrity Management (AIM) and Asset Performance Management (APM) are frequently mistaken for each other due to their resemblances, even though they are two separate methodologies.

To ensure the operational effectiveness of your equipment, it’s crucial to establish effective maintenance and inspection plans. Asset Integrity Management (AIM) solutions offer the capabilities needed to determine the optimal intervals for interventions and develop streamlined maintenance strategies.

This makes AIM an essential tool for businesses engaged in asset-intensive sectors, where equipment malfunctions can result in not only significant costs but also pose severe risks to both workers and the environment.

Asset Performance Management (APM) functions more as a framework, often seen as an additional stage following Asset Integrity Management. It serves to monitor the overall performance of an asset; however, it does not provide guidance for maintenance, inspections, or other integrity assessments that might be necessary to ensure optimal production and on-site safety.

As a result, while implementing an Asset Integrity Management solution is a necessity, having Asset Performance Management can be considered an additional enhancement.

Read more about this topic in our blog post: AIM and APM: What is the difference?

Essential Buyer’s Guide to
Asset Integrity Management Software

Not sure where to start? Download the ultimate buyer’s guide to set you on the right direction.

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Free Buyer’s Guide

What’s Inside?

The Asset Integrity Management landscape is a broad and complex one, with various overlapping terms and functionalities. Because of this, it can be difficult to analyze what you really need in your software beyond the buzzwords. This guide aims to facilitate prospective buyers’ journeys.

This guide contains everything you need to get started with your buying journey, including an extensive “Fundamental Features” checklist for you to use to evaluate your needs against your vendor options.

✅ Manage environmental, health, and safety risks
✅ Prevent critical failures and reduce downtime
✅ Accelerate your digital maturity journey

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Asset Performance Management Software in the Oil & Gas and Chemical Processing Industries

The Industry Leading Software

The industry leading software for asset integrity management is Cenosco’s IMS Suite. The IMS Suite is a unified set of software solutions for all your equipment types and processes.
From Pressure Equipment, to Reliability Centered Maintenance, Safety Instrumented Systems and everything in between, we have a product for you.

Meet IMS: Integrity Management Systems

From Pressure Equipment, to Reliability Centered Maintenance, Safety Instrumented Systems and everything in between, we have a product for you. The range of IMS products can be deployed individually or together, and each component complements the others seamlessly.
chemical refinery cenosco
asset integrity management system

Asset Performance Management Software in the Oil & Gas and Chemical Processing Industries

chemical refinery cenosco

The Industry Leading Software

The industry leading software for asset integrity management is Cenosco’s IMS Suite. The IMS Suite is a unified set of software solutions for all your equipment types and processes.
From Pressure Equipment, to Reliability Centered Maintenance, Safety Instrumented Systems and everything in between, we have a product for you.
asset integrity management system

Meet IMS: Integrity Management Systems

From Pressure Equipment, to Reliability Centered Maintenance, Safety Instrumented Systems and everything in between, we have a product for you. The range of IMS products can be deployed individually or together, and each component complements the others seamlessly.

Proven Results

IMS is actively used in over 50 countries with more than 5000 users. It has been deployed in several hundred assets and has been built on over 20 years of industry experience.

20% Inspection cost reduction

30% Turnaround time reduction

€100K – € 100M Savings per leak prevented

Trusted by World Leaders

IMS is used by leading companies, such as Shell, Borealis, Equinor, KNPC, and many more.
cenosco equipment maintenance
cenosco equipment maintenance

Proven Results

IMS is actively used in over 50 countries with more than 5000 users. It has been deployed in several hundred assets and has been built on over 20 years of industry experience.

20% Inspection cost reduction

30% Turnaround time reduction

€100K – € 100M Savings per leak prevented

Trusted by World Leaders

IMS is used by leading companies, such as Shell, Borealis, Equinor, KNPC, and many more.

See the IMS Suite in action!

Upgrade your maintenance maturity from reactive to predictive. We have unified solutions for all your equipment types: Pressure, Civil, Electrical, Rotating and Pipelines.

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FAQ: Frequently Asked Questions about Plant Asset Management Software

Which industries benefit the most from Asset Performance Management software?

  • Oil and Gas: APM software is critical in the oil and gas sector for monitoring drilling rigs, pipelines, refineries, and other equipment. It helps ensure the safe and efficient operation of facilities and reduces the risks associated with equipment failures.
  • Chemicals and Pharmaceuticals: Industries producing chemicals and pharmaceuticals rely on APM software to manage the performance of reactors, mixing equipment, and other production assets. This helps maintain product quality, prevent contamination, and ensure regulatory compliance.
  • Pulp and Paper: Paper mills and related industries use APM software to monitor and manage the performance of machinery involved in pulp processing, paper production, and packaging.
  • Energy and Utilities: Power generation plants, including nuclear, fossil fuel, and renewable energy sources, use APM software to manage the performance of turbines, generators, transformers, and other equipment. Utilities also rely on APM to monitor and maintain water and wastewater treatment facilities.
  • All Asset-Heavy industries

What are the benefits of implementing Asset Performance Management?

By collecting and analyzing data on equipment performance,  temperature, and other indicators, the software can detect anomalies and patterns that indicate potential issues before they escalate into major failures.

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Asset Integrity Management Software