INDEPENDENT NEWS

Solving the Asset Management Puzzle

Published: Fri 7 May 2004 03:37 PM
PeopleSoft and Jigsaw Services Solve the Asset Management Puzzle for Local Government
Councils look to PeopleSoft® EnterpriseOne for asset lifecycle management
PeopleSoft Inc. (Nasdaq: PSFT) in conjunction with its partner Jigsaw Services today announced that five Local Government sites across New Zealand and Australia have selected PeopleSoft® EnterpriseOne to manage the complete lifecycle of their assets.
The councils include Thames Coromandel District (New Zealand), the City of Unley (South Australia), City of Swan (Western Australia), Gladstone City (Queensland) and Livingstone Shire (Queensland).
Gerry Poepjes, Executive Manager, City of Swan says, “We selected PeopleSoft EnterpriseOne because it is a fully integrated, web-enabled solution that allows us to best utilize our limited resources – both financial and human. We anticipate that we will be able to create greater visibility and more accurate forecasting of our substantial asset base. Improved management and reporting of our assets will reap significant savings for Council and improved prioritization of the use and maintenance of our assets.”
“As part of the tender process, we looked at all the major software solutions on the market and decided that PeopleSoft EnterpriseOne has the most sophisticated and functional set of software tools for Local Governments.” Mr Poepjes said. “Ultimately it allows us to do more with less resources and be more transparent in our decision making process to the electorate.”
Andrew McAdams, Chief Executive, Jigsaw Services says, that the reason Councils select the PeopleSoft EnterpriseOne solution is because of its flexibility and its ability to meet a wider range of Local Government core needs. The software’s modular framework allows Jigsaw Services and PeopleSoft to deliver a specialist fully integrated solution that allows for single data entry.
The PeopleSoft EnterpriseOne Local Government solution includes Financial Management (general ledger, budgeting and accounts payable/receivable), Supplier Relationship Management (procurement), Project Management (project costing, work order management, inventory control and contract management) and Asset Lifecycle Management (capital asset management, resource assignments, real estate management). Some of the Councils also opted for the Human Capital Management module that includes payroll, human resources and employee and manager self-service.
“Because all of these modules are integrated in real-time, the PeopleSoft EnterpriseOne software allows the Council’s engineers who repair, replace or remove an asset to see the same set of common data as the financial team who balance the budgets and determine the current asset valuation,” said Mr McAdams.
Mr McAdams added, “Asset Lifecycle Management is very important in the public sector. Councils must manage a very diverse set of assets with minimal resources – everything from roads, drains, footpaths, streetlights to playground equipment, grass, trees and signage in each park. They need integrated software tools that can manage the full lifecycle of each and every asset within their municipal boundary. In order to do this they must determine what assets they have, what state of repair they are in (and current value) and then decide on how they will cost-effectively maintain them for their anticipated lifespan. It is essential that Asset Managers and the financial staff operated from the same record,” he said.
By using PeopleSoft EnterpriseOne software all actions relating to an asset can be seen by all the decision makers in real-time. This prevents the work crew from being double booked for a footpath repair job, ensures that the repair of the playground equipment is the best use of the Council’s budget and means the job is done as quickly as possible.
“In real terms it means that the process of achieving community outcomes is transparent,” Mr McAdams concluded.
ENDS

Next in Business, Science, and Tech

RBNZ To Implement $30bn Large Scale Asset Purchase Programme Of NZ Govt Bonds
By: The Reserve Bank of New Zealand
Monetary Policy With Very Low Interest Rates
By: The Reserve Bank of New Zealand
More Snow On Glaciers But No Good News, Say Scientists
By: NIWA
Elevate NZ Venture Fund To Lift Productivity
By: New Zealand Government
New Legislation To Boost Organics
By: New Zealand Government
Misinformation Circulating On Biodiversity Policy
By: Forest And Bird
Govt Backs RBNZ Move To Support Economy With Lower Interest Rates
By: New Zealand Government
Reserve Bank announces further measures to support economy
By: RNZ
Holding Off The COVID-19 Recession – Expert Reaction
By: Science Media Centre
Banking Sector Prepared For Responding To COVID-19
By: The Reserve Bank of New Zealand
Reserve Bank’s ‘unconventional Tools’ Are Conventional Elsewhere
By: Social Credit
RBNZ Survey: Experts Say An Out-of-cycle Rate Cut May Cause Panic
By: Finder
Next Steps Of Govt And Business COVID-19 Response
By: New Zealand Government
NZX falls following US interest rate cut
By: RNZ
Coronavirus and the economy: Responding to Covid-19 with precision
By: RNZ
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media