6/10/2015 Munich Germany – Intelligent Process Solutions GmbH (IPS) announces today the implementation of its advanced Enterprise Asset Management System at American Electric Power Co Inc (NYSE: AEP). The system provides a comprehensive repository of all asset data related to over 5,000 Transmission, Generation and Distribution substations in 15 states.
The functional scope of the system includes Work Planning, Workflow Management, Scheduling and mobile Field Execution as well as intelligent, conditional evaluation and diagnostics of maintenance and inspection results and creation of follow-up actions. Collected data are also available for use in the advanced analytics modules.
The project began nearly two years ago and will increase productivity, reduce errors and assist in regulatory compliance. Additional projects are anticipated to embrace a broader scope of system capabilities and consolidate other existing systems.