ABB company Ventyx has announced availability of its asset management software for the first time as a software as a service (SaaS) delivered via the Cloud. The new SaaS solution provides “a powerful alternative for small and medium-sized mining companies who require a lower total cost of ownership but nevertheless need a comprehensive solution to meet the challenges of today’s mining industry.” The Ventyx asset management SaaS for mining is offered under a single quarterly subscription fee, delivered from the Cloud and accessed from the customer premises using the Internet.

“In the highly volatile and cyclical world of mining industry, our customers cannot afford to compromise on the ability to effectively manage their critical assets, or efficiently capture and report on regulatory and safety information across their operations,” said Ventyx CEO Jeff Ray. “However, many mining companies have neither the time nor the budget to invest in a traditional solution for work and asset management. Our new SaaS offering can help these companies overcome this barrier by providing a cloud-based, prepackaged, end-to-end solution built specifically for the mining industry.”

The SaaS-based solution provides critical functionality needed to manage assets, maintenance strategies, materials and people, as well as analyse performance. It also delivers key functionality needed to support financial and management accounting, as well as help manage service, inventory and non-inventory purchasing, capital projects, and asset acquisition. The cloud model adds a second level of cost-saving to Ventyx asset management software by eliminating  costly upfront capital investments in new equipment and software, allowing mining companies to pay as they go for hosting of critical enterprise applications. By moving to a cloud model, “clients can rely on Ventyx to manage, update and support the asset management system, allowing them to focus on their core business.” The ability to access the data and functionality of a cloud solution from multiple Internet-enabled devices also enables a single EAM/FSM instance to support a large number of sites, and a dispersed workforce for maintenance personnel.