Accruent and ABP Solutions Expand Partnership to Help Singapore Companies Improve Asset and Maintenance Management

Emphasis on Engineering Information and Maintenance Management Software for Industrial and Asset-Intensive Organizations

AUSTIN,Texas,April 23,2019 --Accruent,the world's leading provider of physical resource management solutions,announced today that it has signed an agreement with technology provider ABP Solutions to extend and expand the partnership between the companies. Under the new agreement,ABP Solutions will distribute,implement,and support all Accruent software products in Singapore,Malaysia,Indonesia,Brunei,India,and China. ABP will focus on cloud and on-premise implementations of Maintenance Connection (cloud-based CMMS/CAFM) and Meridian (engineering document management) software products.

A 2018 Peerless Research Group survey found that while 94% of companies surveyed consider maintenance,repair and operations (MRO) critical to their success,only 45% have implemented a CMMS or CAFM software tool to manage maintenance. Because use of CMMS software can help companies reduce asset failures,shorten asset downtime,optimize maintenance workflows,and lower the cost of maintenance and repair across the organization,that number is expected to continue growing.

In addition,an increasing number of organizations are turning to engineering document management systems (EDMS) to manage technical information. EDMS,such as Accruent's Meridian,establish an always-available,secure,repository for engineering documentation. Use of an EDMS can help organizations assure regulatory compliance,avoid injuries,reduce maintenance expenses,and streamline handoffs between construction,project,and operating teams. Use of EDMS is growing rapidly globally,especially in Asia.

The expansion of the Accruent-ABP partnership will increase access to CMMS and EDMS in fast-growing Singapore. "We are pleased to be aligned with a market leader such as Accruent," said Andrew Yip,Managing Director,ABP Solutions. "Their robust product portfolio and breadth of vertical market presence will help maximize our opportunities and give us confidence that together we can solve customer problems for a broad range of clients."

The combination of maintenance management and asset information software will provide even more long-term opportunities for asset-intensive organizations. Connecting often disparate engineering and maintenance teams to ensure the accuracy of asset information helps close work orders more efficiently,improves safety,and reduces operational expenses.

"Expanding our relationship with ABP is a win for us," indicated Hans de Groot,Senior Vice President Channels & Partnerships,Accruent. "Global growth is a strategic focus for Accruent,and we see APAC as a huge opportunity. There are many organizations across the region that can benefit from Accruent's facilities and physical asset management software. ABP Solutions' local presence and expertise will help deliver that technology and expertise to an important,and rapidly growing region."

About Accruent

accruent.com,@accruentllc

Accruent is a global software company that helps organizations achieve superior performance by transforming how they manage their physical resources. Its innovative,industry-leading cloud-based software and services enable organizations to optimize all stages of real estate,facilities and asset management,from capital planning through to IoT-based monitoring and control. With a proven track record across two decades,Accruent has created the only integrated SaaS-based framework and reporting platform for full lifecycle physical resource management. More than 10,000 global customers depend on Accruent solutions to drive out hidden costs,extend asset lifecycles,protect their brands,ensure compliance and deliver on the missions of their organization. Headquartered in Austin,Accruent serves a wide range of industries in more than 150 countries around the world.

About ABP Solutions

abp-solutions.com

ABP Solutions Pte Ltd is a Singapore-based technology solutions and service provider focused on delivering comprehensive solution that assist their customers in lowering the cost of maintaining technology and to maximizing the value of technology assets. ABP helps clients make better and more timely decisions to improve their performance in an increasingly competitive and globalized business environment.

Logo - http://cusmail.com/res/2023/07-24/14/82389bb7dc476d59cbde10d666337a21.jpg