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Home > News > Company News > Cloud based software will mana.....

Cloud based software will manage test kit’s use and maintenance

  • Author:Ella Cai
  • Release on:2017-09-13
Test equipment rental specialist Microlease has launched a major upgrade to its Leo asset management software, taking it into the cloud for the first time.

Test equipment rental specialist Microlease has launched a major upgrade to its Leo asset management software, taking it into the cloud for the first time.

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Whitfield: making assets visible

The asset management system is designed for companies to manage their own assets and is typically aimed at helping Microlease customers manage the use, location, maintenance and costs of their test and measurement equipment.

It is also used widely in the aerospace and defence industries but can, according to Microlease, be applied to any type of moveable or fixed asset.

As well as tracking the location of any given asset – down to the exact building and rack where a piece of equipment is being held – the modular Leo 2 system can be used to record every asset’s utilisation, configuration, costs and condition. It also has the capability to manage and track calibration and repairs.

David Whitfield, CEO of Microlease’s asset management services businesses, said: “Too often, major financial decisions on the acquisition and divestment of fixed assets such as text instruments are made without adequate data on lifetime costs and utilisation.

“Leo 2 is a single centralised database which provides clear visibility of assets and physical tracking with easy dashboards, giving a clear picture of the asset investment and its current status.”

Stuart Collin, sales director for Europe for Microlease Innovation Solutions, said that the information held by a company’s Leo 2 system would help not only to optimise return on investment but also encourage a “culture of sharing” among engineers, thanks to the greater visibility of the whereabouts and availability of particular instruments.

The software is based on Oracle technology and is compatible with SAP and a range of financial systems.

It is being made available in three formats. Leo Standard offers simple logging of assets and some basic asset management functions. Leo Select adds information on utilisation of those assets, while Leo Elite provides a full suite of asset management functions.

The software is being launched and demonstrated at the DSEI military technology show this week at London’s ExCeL centre.