Why choose the eQuip! system for managing Government Property? This executive brief outlines benefits, competitive advantages and detailed feature comparison among competing products
Executive Brief -- eQuip! for Government Property Management system
1. 1
eQuip! for Government Property Management
-- Executive Brief
E-ISG Asset Intelligence
www.e-isg.com
1-866-845-2416
2. • What is asset management solution
• Competitive advantages of eQuip!
• How to buy eQuip!
• About E-ISG Asset Intelligence
Table of Content
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3. • FAR requirements on Government Property
Management system
• Current gaps in Government Property
Management
• Why eQuip!
• About E-ISG Asset Intelligence
Table of Contents
4. • FAR 52.245-1 –Government Property
– (f)(1) Contractor plans and systems. Contractors shall establish and
implement property management plans, systems, and procedures at the
contract, program, site or entity level to enable the following outcomes . . .
Acquisition . .. Property Closeout . . .
– (g)(1) Systems Analysis. The Government shall have access to the
contractor’s premises and all Government property, at reasonable times, for
the purposes of reviewing . . .the Contractor’s property management plans. .
.
• FAR 45.202 –Evaluation procedures
– (b) The contracting officer shall ensure the offeror’s property management
plans, methods, practices, or procedures for accounting for property are
consistent with the requirements of the solicitation
FAR requirements
5. Problems in the current system
Labor intensive
Inconsistency
Error prone
“The government and industry’s contractual
responsibilities pertaining to accounting,
maintaining… and disposal of government
property seems like a mundane subject.
However, it is actually an important issue,
and one that is being overlooked as other
concerns get more attention recently.”
-- Michael P. Fischetti, J.D, CPCM, is executive
director of the National Contract Management
Association
“Pentagon Holds Back Contractor Funds on
Business Systems … amounts held back
include $19M from BAE, $6.2M from Boeing
and $1.4 M from Northrop”
-- January 27th, 2014, Bloomberg
6. eQuip! -- the Solution
Enterprise Asset Management Government Property management
Life cycle management of assets
Manage the financial , physical, and
contractual information of assets
Track assets chain of custody
Mobile apps on Android, iOS, and Win
Mobile
Support 1D, 2D barcodes, RFID and GPS
tags
Track GFP/GFE/CAP and internal assets
Manage multiple projects with multiple
partners
Update with the IUID registry, and PCARSS
DD 1149 and DD 250 are standard reports
Meet the FAR/DFAR requirements
7. Key Benefits
Prevent asset loss, over purchase, or under-
utilization
Comply with financial audits and accounting rules:
fixed asset inventory audits, Sarbanes-Oxley, grant
audits, GASB 34/35
Meet contractual requirements: FAR/DFAR,
“Uniform Guidance”
Implement best practices in asset management
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8. Why eQuip! is Better
Easy to use
Flexible
Low Cost
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9. Competitive Advantages
IBM Maximo Sunflower
Systems
AssetWORKS AssetSmart A2B Asset
Tracking
Include core features
in ONE software
package – no
separate modules
Easy customization –
asset set up, reports,
business rules
Easy integration with
other software
systems – Web APIs,
database
Workflow
automation
Return on investment
Mobility
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