Clevest Solutions Further Simplifies Asset Management For The Utility Industry With 2.1 Release Of Its Asset Investment Planning Solution

Clevest Solutions Inc., a leading provider of mobile workforce automation software including smart grid deployment and post-deployment operations exclusively for the utility industry, announced enhanced capabilities for managing assets and for facilitating asset investment decisions with the new 2.1 version of its asset investment planning (AIP) solution.

Clevest’s enterprise-class AIP solution helps utilities to connect corporate objectives with engineering imperatives to optimize capital investment plans for asset lifecycle management. The solution links information about historical performance, asset health and calculated risk to enable decision-making that is aligned with the requirements of stakeholders and regulatory bodies.

Trevor St. Germain, VP Asset Investment Planning, Clevest said, "A massive challenge currently facing the utility industry is how to extract the maximum use out of an aging asset infrastructure while ensuring every capital and operating dollar delivers the maximum yield. With numerous large-scale initiatives competing for funds, AIP solutions are becoming instrumental in helping utilities to prioritize higher value projects and to allocate capital more objectively for the benefit of the entire organization."

With the new release of the AIP solution, utilities can better manage maintenance policies, recurring maintenance activities and other projects associated with an asset family or an individual asset. This ensures consistency across an asset family, simplifies the management of a group of assets, and facilitates asset investment decisions across a large asset base. It also improves the link between the management of a utility’s asset base and asset investment decisions as part of the asset investment planning process.

"As utilities continue to evaluate ways to improve the management of their asset base and their asset investment planning processes, we expect our solution to gain increasing momentum both with new customers and within our existing installed base," added St. Germain. Calgary-based AltaLink, Alberta's largest transmission company, is the first Clevest customer to contract for the latest release of the AIP solution.

The Clevest solution elevates AIP well above typical implementations of new information systems that statically prioritize assets and offer limited visibiliy. Clevest AIP dymaically scrutinizes asset performance and lifecycle data against corporate objectives encompassing ROI, reliability, safety, reputation, envirionment and growth. Fully leveraging existing data sets and asset/work management programs, the system mitigates risk and drives prioritization to new analytical levels as it accurately charts end-of-life curves and provides multiyear rolling plans to add, replace and/or renew critical assets.

About Clevest
Clevest provides software for mobile workforce automation and smart grid deployment and post-deployment operations exclusively for electric, gas and water utilities. Over 100 utilities worldwide have chosen Clevest to transform their field operations by harnessing the power of our software and deep domain knowledge of mobile computing and utility operations. Clevest’s award-winning platform powers a product suite that includes mobile workforce management, GPS-enabled automated vehicle location, meter reading solutions and a patent-pending configuration tool, as well as the only complete solution for smart grid deployment and post-deployment activities. For more information, visit www.clevest.com.