IPS Energy Reviews & Pricing

by IPS | Founded 2004, Munich, Germany

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What is IPS Energy?

Industry Specialties: Power Generation

IPS Energy enables asset-intensive organizations to improve equipment availability and reliability while reducing operational costs and risks. It helps manage all aspects of maintenance to ensure operational efficiency and longer asset lifespans.

Designed especially for the power generation industry, it integrates information technology with power utilities to provide high-quality services at low costs.

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User Sentiment

Based on 24 reviews:

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IPS Energy Pricing

Based on our most recent analysis, IPS Energy pricing starts in the range of $500 - $1,000.

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Starting From: Undisclosed
Pricing Model: Monthly, Quote-based
Free Trial: No

Training Resources

IPS Energy is supported with the following types of training:

Documentation
In Person
Live Online
Videos
Webinars

Support

The following support services are available for IPS Energy:

Email
Phone
Chat
FAQ
Forum
Help Desk
Knowledge Base
Tickets
Training
24/7 Live Support

IPS Energy Benefits and Insights

Why use IPS Energy?

Key differentiators & advantages of IPS Energy

Improved Asset Lifespan: By providing detailed maintenance schedules and tracking, IPS Energy helps extend the operational life of critical assets.
Enhanced Decision-Making: Real-time data analytics and reporting tools enable more informed decisions, reducing downtime and operational costs.
Regulatory Compliance: Automated documentation and reporting features ensure adherence to industry regulations, minimizing the risk of non-compliance penalties.
Cost Efficiency: Optimized resource allocation and predictive maintenance reduce unnecessary expenditures and improve budget management.
Increased Productivity: Streamlined workflows and task automation free up staff to focus on higher-value activities, boosting overall productivity.
Risk Mitigation: Proactive monitoring and alert systems help identify potential issues before they escalate, reducing the likelihood of critical failures.
Scalability: The software can grow with your organization, accommodating increasing asset portfolios without compromising performance.
Data Centralization: Consolidates all asset-related information into a single platform, ensuring easy access and improved data integrity.
Customizable Solutions: Tailored modules and features allow for a personalized approach to asset management, meeting specific organizational needs.
Enhanced Collaboration: Facilitates better communication and coordination among teams through shared access to up-to-date information.
Environmental Sustainability: Efficient asset management practices contribute to reduced waste and energy consumption, supporting sustainability goals.
Improved Safety: Regular maintenance and real-time monitoring help ensure that equipment operates safely, protecting both employees and assets.
Historical Data Analysis: Access to historical performance data aids in trend analysis and long-term strategic planning.
Mobile Accessibility: Mobile-friendly interfaces allow for on-the-go access to critical information, enhancing field operations.
Vendor Management: Streamlines interactions with suppliers and service providers, improving procurement and service quality.

Industry Expertise

IPS Energy specializes in providing comprehensive solutions tailored for the energy sector, particularly focusing on utilities and power generation companies. Its industry expertise lies in addressing the unique challenges of managing electrical assets, ensuring reliability, and optimizing maintenance strategies. The software is best suited for organizations involved in electricity transmission, distribution, and generation, including renewable energy sources, who require robust asset management and decision support systems to enhance operational efficiency and ensure regulatory compliance.

IPS Energy Reviews

Average customer reviews & user sentiment summary for IPS Energy:

24 reviews

90%

of users would recommend this product

Synopsis of User Ratings and Reviews

Based on an aggregate of IPS Energy reviews taken from the sources above, the following pros & cons have been curated by a SelectHub Market Analyst.

Pros

Simplified Asset Management: Users appreciate the platform's ability to streamline asset management, allowing them to easily track assets, monitor their health, and schedule maintenance, all in one central location.
Improved Data Analysis: IPS Energy provides robust data analysis tools that empower users to gain insights from their operational data, enabling them to make informed decisions regarding asset performance and maintenance strategies.
Enhanced Collaboration: The platform fosters seamless collaboration among teams, facilitating efficient communication and information sharing, which is crucial for effective asset management.

Cons

Difficult to Use: Some users have reported finding the platform difficult to navigate and use, particularly when it comes to finding specific information or completing certain tasks.
Limited Functionality: Users have expressed that the platform lacks some features and functionalities that they consider essential for their EAM needs. For example, some users have mentioned that the reporting features are limited.
Integration Challenges: Integrating IPS Energy with other systems has proven to be challenging for some users, leading to difficulties in data sharing and workflow automation.

Researcher's Summary:

Is IPS Energy really giving other EAM solutions a run for their money? User reviews from the past year suggest that IPS Energy is a powerful tool for managing energy assets, but it may not be the best fit for every organization. Users praise IPS Energy for its robust asset library, which includes a vast collection of data on electrical power systems. This makes it easier for companies to get up and running quickly, without having to spend a lot of time and effort on data entry. One user noted that they were able to implement IPS Energy in a matter of weeks, compared to months for other EAM solutions.

However, some users have reported that IPS Energy can be complex and difficult to use, especially for those who are new to EAM. The software's interface is not as intuitive as some other products on the market, and it can take some time to learn how to use all of its features. Additionally, some users have expressed concerns about the software's reporting capabilities, finding them to be somewhat limited. Overall, IPS Energy seems to be a good fit for larger organizations with complex energy management needs and dedicated IT resources to support implementation and training. Smaller organizations, or those with limited IT staff, may find the software to be too complex and cumbersome.

Key Features

Operations Planning: Create operative plans, assign actions and run reports for planning operations. Reduce costs by accurate maintenance planning and optimization.
Work Ordering and Scheduling: Create work packages and assign actions to work orders. Manage action responses and generate reports on work order completions. Save resources with work order scheduling. Compare nominal and actual use of resources.
Location Change Management: Track and monitor changes in asset locations, installations, replacements or retirements. Change asset statuses and assign or reassign assets in real time.
Repair Management: Track and document repairs and malfunctions of every asset. Schedule maintenance and inspection activities to keep assets in top shape.
Asset Discard Management: Manage discarded assets that have been removed from the system but not from the database. Maintain historical records of deleted assets to allow for reinstatement.
Resource Requirement Management: Estimate and track resources like assets and labor to complete work orders. Compare estimated and actual maintenance costs. Optimize OPEX and CAPEX expenses.