Dive Brief:
- HelixIntel is introducing a computerized maintenance management system as a key component of PropertyOS, its cloud-based platform that integrates maintenance management with strategic asset control and real-time data analytics.
- The new CMMS is designed to perform preventive maintenance, minimize equipment downtime and automate intricate workflows, helping businesses of all sizes to manage critical assets, the company said in a May 8 news release.
- “Every stakeholder benefits when [an] equipment breakdown is accurately predicted and prevented,” HelixIntel CEO Jon DeWald said in a statement. DeWald noted that the company is facilitating proactive maintenance and equipment upgrades that can not only reduce downtime, but also boost efficiency and generate cost savings.
Dive Insight:
Facilities managers have been grappling with expensive repairs of critical building assets as well as high costs of parts and labor, with more than half of manufacturing and facilities maintenance professionals naming downtime and breakdowns, aging infrastructure and skill shortages as top challenges, according to a 2024 industry report from CMMS provider Limble.
Against that backdrop, preventative maintenance strategies are increasingly gaining momentum given their ability to generate insights into the reliability of assets and their help in budgeting for capital expenses and upgrades, while streamlining maintenance operations and property management workflows. Of the 252 maintenance professionals surveyed by Limble, 90% of facilities management respondents named preventative maintenance as the number one way to combat these challenges.
By integrating property and asset management data, HelixIntel says it can help organizations predict and prevent equipment failures, mitigate costly breakdowns and enhance capital decision making. After concluding a Series A funding round last June, HelixIntel evolved its asset management platform into a dynamic CMMS, now known as PropertyOS, the company said in its release.
HelixIntel said the CMMS platform can automate maintenance schedules, work orders, asset tracking and inventory management, in turn helping managers organize, track and oversee maintenance, repairs and other work requests.
The platform is also able to enrich asset data with photos, comments and nameplate information, generate a digital record to help detect troubling trends, and provide predictive analytics and proactive maintenance capabilities that can help operators identify potential equipment failures before they occur, per the release. This reduces risks, boosts asset performance and strengthens building reliability, HelixIntel said.
Regardless of previous reliance on paperwork spreadsheets or a tech-enabled solution, the new CMMS can also absorb available data to “offer a turn-key experience for users interested in pre-loaded data,” the company said.
HelixIntel joins a growing list of companies that have launched new CMMS products or raised funds to scale their portfolios and expand their share in an industry that demands cost-efficient maintenance tools.
Last December, MarginPoint launched a new CMMS targeting government, university and commercial real estate managers, while MaintainX secured $50 million to embed its maintenance and work execution platform with AI-driven predictive capabilities, asset health insights and resource planning. Goldman Sachs also led a $58 million Series B round for Limble, enabling the company to scale its product portfolio.
