The trend of digitalizing asset management in large corporations

Assets in a business are very diverse, asset management is to optimize the value of use and create value for assets. With the support of asset management software, multi-industry corporations are gradually being digitized, helping to optimize life cycles and optimize performance.

Pressure to optimize asset management

Large corporations and enterprises often have a wide variety of assets that need to be managed (including equipment, offices, infrastructure, building technical systems, etc.) and are distributed across many branches, representative offices, and member units.

Many of these businesses have deployed software such as accounting, ERP, which includes a part related to asset management. This has the advantage that the finance - accounting department has access to the data, however, this data often focuses on tracking asset value, depreciation without closely following the entire asset life cycle.

As a result, there is no real-time warning of damage, maintenance or deterioration when assets are due for maintenance. This leads to delayed maintenance, resulting in increased repair and replacement costs, and makes it difficult for businesses to make strategic investment decisions.

Asset management as defined by ISO 55000 is more than just tracking depreciation. According to ISO 55000, asset management is the coordinated activities of an organization to realize value from its assets, regardless of whether they are financial assets, real estate or intellectual property.

Asset management must therefore be a collaborative activity across departments – that is, without data silos or out-of-sync operations. Furthermore, the ultimate goal is to realize value from assets, which means balancing the cost, risk and performance of assets throughout their lifecycle, optimizing the value derived from assets to achieve the strategic goals of the organization.

In the current context, the trend of digitalizing asset management is becoming more urgent than ever. Factors such as pressure for transparency in auditing, requirements for compliance with ESG standards, increasing operating costs, along with the complexity in the operating structure of multi-industry corporations... are forcing businesses to strongly transform the way they manage assets.

With the support of specialized software, especially asset management solutions designed to integrate and monitor the entire life cycle, asset management at large corporations is gradually being digitized. This process not only helps to better control operations, but also contributes to improving financial efficiency, minimizing risks and supporting businesses to make accurate and timely investment decisions.

The story of ROX Group is an example. With a system of dozens of member companies, thousands of assets including buildings, urban areas, factories, commercial centers, hotels... ROX has posed the problem of centralized, synchronous but still flexible management for each unit.

According to Mr. Dinh Viet Thang, Director of Real Estate Department - TNTech Joint Stock Company, when a business develops to a certain level, the number of assets reaches hundreds of thousands of fixed assets and especially the business is interested in optimizing investment costs and asset usage efficiency, then using a specialized solution for this field is necessary.

Digitizing asset management according to ISO 55000

At the Sao Khue 2025 Awards, the Evaluation Council rated the software 5 stars for the T.FM asset management solution developed by TNTech. The development process was referenced and oriented by TNTech's engineering team according to the ISO 55000 standard on asset management, thereby ensuring international standard operation and localization suitable for businesses in terms of operating procedures, ease of use, convenience for maintenance, upgrades, and reasonable costs.

T.FM was rated 5 stars by Sao Khue Award Evaluation Council

In addition, T.FM with its layered architecture and high integration capabilities allows large enterprises and corporations to standardize and control the entire asset life cycle from investment, procurement, operation, maintenance, and liquidation; link operations between the parent company and its member units through a centralized data system but still clearly decentralized; synchronously manage both physical assets and operating assets such as lease contracts, technical systems, material warehouses, etc.

T.FM has been implemented in many businesses, including ROX Group. The implementation process shows that the solution has helped optimize costs and resources by minimizing errors and improving accuracy in operating processes. Problems and limitations in traditional management methods have been resolved quickly and thoroughly.

Thanks to that, ROX Group not only saves costs but also improves its competitiveness in the market. Specifically, after using T.FM, more than 50,000 pieces of equipment of ROX Group were evaluated; of which 43,600 fully depreciated equipment were reused, with an estimated saving value of 5 billion VND; 54,000 additional jobs; 11,000 periodic jobs were performed with an SLA rate of 95%.

Not only that, T.FM also helped ROX Group find many "forgotten" revenues. Items such as LED screens, swimming pools, and parking garages at a central building that were not optimally managed and many OCC fees that had not been statistically controlled were "found".

Since using T-FM, all of these operations have been digitized, with daily updated revenue reports and warnings. Thanks to that, the management unit has built an annual revenue plan of 120 billion VND, recording actual revenue up to now reaching 60 billion VND, accumulated revenue of 47 billion VND and the whole year forecast is estimated at 78 billion VND. The plan completion rates and occupancy rates of rental areas are continuously updated to help leaders develop appropriate development strategies.

The difference between T.FM and other solutions on the market is that in addition to managing tangible assets throughout their life cycle from planning to purchase, operating assets, maintenance and repair, and inventory and liquidation processes, the solution especially understands the management of real estate assets. Projects from the formation of legal procedures, construction progress, acceptance, handover and operation are all effectively managed with T.FM. Thanks to the application of a modern management platform, digital management in which the features of T.FM are fully exploited, ROX Group affirms its position in the strategic field of urban and industrial park development.

As asset management plays an increasingly strategic role in business operations, especially in large corporations, having a comprehensive digital solution is key. With the ability to comply with international standards ISO 55000 and designed to suit the reality in Vietnam, T.FM provides a reliable choice for businesses looking for an effective, flexible and sustainable asset management tool.

Source: ROX

Source: https://phunuvietnam.vn/xu-huong-so-hoa-quan-ly-tai-san-o-cac-tap-doan-lon-2025072812263781.htm