Microlease launches cloud Asset Management service for test instruments and other fixed assets

Test equipment sourcing specialist Microlease Ltd today unveiled LEO 2, a new cloud-based Asset Management solution, which can be used to manage any moveable or fixed asset, including test instruments.

LEO 2 allows every business to implement best in class through-life management of its assets, creating an accurate inventory of assets held, managing the acquisition of further assets, the maintenance of the asset base, and the identification and disposal of surplus equipment. LEO 2 captures Microlease’s extensive asset management experience built up through the management of its wide-ranging rental fleet, allowing every company to implement best in class practice. It offers complete management of internal and deployed assets such as instruments. LEO 2 supports the creation of an accurate inventory of all assets held, tracking configurations and reducing turn-around times. It provides complete visibility for the maintenance of the asset base including spares, and communicates this information through the use of a secure shared logistics framework offering innovative KPI dashboards and standard reports.

“Too often, major financial decisions on the acquisition and divestment of fixed assets such as test instruments are made without adequate data on lifetime costs and utilisation. Data is held in spreadsheets that are not necessarily up to date and don’t always provide a complete picture. LEO 2 is a single centralised database which provides clear visibility of assets and physical tracking with easy dashboards, giving a clear picture of the asset investment and its current status including configurations, capabilities, condition and location;"

said David Whitfield, CEO Asset Management Services, Microlease.

“The structure of the database captures Microlease’ extensive expertise in ‘Through-Life’ management of assets, allowing customers to optimise their asset base for their business and improve performance.” LEO 2 is a combination of specialist software built on Microlease expertise, helping customers manage complex challenges and asset configurations. Modules capture data relating to asset detail and configuration, asset movements, tracking and logistics, calibration and repair management, real time management dashboards, and utilisation management. It features a completely new and intuitive interface that allows users to search for parts, assets and locations quickly and easily – drilling down to the exact building and the rack where an asset is being held. Data driven workflows enable users to configure LEO 2 to reflect their in-house processes. Its’ open database is built on Oracle technology compatible with SAP, Oracle E-Business Suite and other major ERP and financial systems. LEO includes standard MoD form reports and KPI dashboard.

Microlease is offering LEO 2 in three formats. LEO Standard for customers who simply want to log and record assets and access basic asset management functions. LEO Select which in addition allows customers to understand utilisation by tracking assets and LEO Elite which provides full management of assets through workflows. LEO Standard and Select are cloud based, and LEO Elite can optionally be hosted internally or via MoD secure cloud.

At DSEI, Microlease will be presenting six demonstrations capturing key capabilities of LEO 2. Microlease specialists will be available to visitors to discuss the challenges of Through-Life Management, and share their experience and very wide knowledge of available solutions on stand S2-162, from 12-15 September 2017.

About Microlease

Microlease is the market leader in electronic test equipment, offering a range of solutions to help organisations globally use test equipment efficiently. Its services help minimise the costs of acquiring test equipment, optimise its use and maximise return at end of life without stretching capital expenditure, and include rental, leasing, sale of new and used equipment and buy-back as well as full asset management.

Microlease supports its global customer base with over 57,000 test equipment assets worth over $430 million. A team of 370 specialists serves Microlease customers in over 150 countries from offices across Europe, the US and Asia. Microlease currently provides equipment from leading manufacturers, including Anritsu, Keithley, Keysight Technologies, Rohde & Schwarz, Tektronix and Viavi.

Founded in 1979, Microlease is the number one test and measurement rental company in Europe. It is Keysight’s Authorised Technology Partner (ATP) for the UK, Ireland, and Italy, Authorised Premium Distributor for the UK and Italy, as well as a Premier Rental Partner (PRP) for Europe, USA and Asia. Microlease is an Authorised Rental Partner for Rohde & Schwarz, Tektronix and Viavi, and a Viavi Premier Solutions Partner in the UK and Germany. Microlease is also an Authorised Distributor for GW Instek in the UK, Ireland and Italy. The Microlease group includes Livingston.

Microlease was awarded the 2013, 2014, and 2015 Global Company of the Year Award in Test and Measurement Rental and Leasing Services by leading research organization Frost & Sullivan.

For more information, visit www.microlease.com.

Media Contact: Peter van der Sluijs Neesham PR Tel: 01296 628180 Email: [email protected]

Contact: George Acris, Microlease plc, Unit 1, Waverley Industrial Park, Hailsham Drive, Harrow, Middlesex HA1 4TR, United Kingdom. Tel: +44 (0) 20 84 200 200