SPM Assets has been totally re-designed using a re-engineered database schema that forms the foundation for the future growth and expansion of SPM's suite of software applications, which will continue to provide customers with a rich array of value-added functionality and benefits.

The new application provides customers with a rich array of new features including comprehensive security functions that control access to the software by group and role; new import / export capabilities; new analysis algorithms to support analysis based on remaining life and age/condition and a new Cost Analytics module enabling Asset Managers to undertake targeted investigations on components either before they fail or before their maintenance costs become too significant. In addition, the user interface has been improved and screens re-designed to provide users with improved analytical capabilities.

The application is available on either Oracle or postgresql database platforms.

The next stage in the product evolution is Version 6.1.0 to be released later in 2010 which includes integration with the SPM Projects application; the introduction of user-defined business rules and a new Maintenance Regimes module.

Commenting on the release, Roger Jameson, SPM General Manager - Sales and Marketing said, "Our customers tell us that there is no other asset management planning software application available on the market that provides such sophisticated level of functionality and analysis. This new version provides customers with functionally rich new features to enable them to undertake rigorous analysis and to plan future maintenance programmes more effectively. We are excited about the new version and we are looking forward to migrating all of our customers to the new version in the coming weeks, ensuring they can derive maximum added value from using it."