The Paradigm Shift in Asset Management Has Arrived with Sunflower Assets 3.8

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Application significantly improves asset management processes and internal controls across all departments and previously siloed systems.

Sunflower Systems™, the company that has redefined lifecycle asset management as a strategic imperative, today announced the immediate availability of Sunflower Assets™ 3.8, the latest version of its Lifecycle Asset Management solution. Sunflower Assets 3.8 is the only asset management solution on the market today that enables the single version of the truth for tactical operations as well as an asset-centric view of the entire enterprise for strategic purposes. By providing a holistic and contextual view of every enterprise asset throughout its lifecycle, Sunflower Assets 3.8 significantly improves asset management processes and internal controls across all departments and previously siloed systems.

“We have experienced tremendous demand from organizations – in the public and private sector - who are adopting this asset management paradigm shift,” commented Robert Kaehler, vice president and general manager, Sunflower Systems. “Asset Management - and more specifically - Lifecycle Asset Management has emerged as a strategic objective containing measurable impacts on financial performance rather than being just a tactical inventory of what assets an enterprise possesses.”

Kaehler continued, “But the unprecedented demand of this paradigm shift – reports expect a 150% increase in revenue from 2004/2005 calendar year – is tempered with our consistent goal of placing our customer needs above our own. We opted to put our customers’ requirements ahead of originally planned release cycles so that we can provide them with the level of service that Sunflower Systems is well-known to deliver.”

Increasingly, enterprises are choosing Sunflower Assets - the company’s flagship product - to improve asset management processes and tighten fiscal accountability with next generation processes and technologies such as RFID, mobile computing, Web services and a Service-Oriented architecture.

“Organizations are choosing Sunflower Assets for more than just technology,” commented Maria Miller, director of marketing, Sunflower Systems. “Sunflower Assets provides them with the processes that are critical to the rising composite and mobile enterprise.”

One such organization is the Transportation Security Administration (TSA). With Sunflower Assets, TSA has achieved seamless composite integration using real-time and open standards-based applications, a service-oriented architecture, and mobile applications for field operations. Sunflower Assets eliminates data redundancy that pervades multiple systems and siloed processes. By automating formerly manual asset management processes and financial reconciliations, TSA now benefits from an enterprise-wide solution with total asset visibility and increased security.

Another is Stanford University. The university implemented Sunflower Assets as part of a much larger campus overhaul of its financial management systems. “Our office’s objective is to offer the university a single repository of data that can be used for capital and sponsor-owned, as well as IT assets,” commented Ivonne Bachar, director of property management. Because we are effectively managing all of our assets with Sunflower Assets, rather than several customized applications, we have turned the once administrative burden into a core business process for the university.”

Sunflower Assets 3.8 features / functionality

Personalized Application View. Sunflower Assets 3.8 gives organizations the power to change the labels and names individuals see in Sunflower Assets, increasing context and understanding throughout the enterprise. Team members can now see the nomenclature that makes sense for their department, role and organization. Multiple application views can be developed for the multiple organizations and roles within the enterprise without ever changing or disturbing data structures or the code, and the view extends from the user interface to the over-80 reports that ship standard with Sunflower Assets. Sunflower Assets 3.8 Personalized Application View enables increased productivity, eliminates underlying data structure and reconciliation confusion, and creates the feel of a personalized application without the cost.

"More and more, we are seeing the increased need for personalization so that many different individuals can view and interact with applications in the way that makes sense to them," commented Kaehler. "That is a significant shift because previously, technology has always 'forced its nomenclature' on users - rather than the other way around. We are enabling enterprises to have what they've been demanding for quite a while... namely, the ability to personalize the experience based on an individual's role and department within an organization.”

Unique Identifier (UID) Support. Sunflower Assets 3.8 provides support for this new standard. Unique identifier, or UID for short, is a requirement for all items delivered to the Department of Defense over a certain dollar threshold. Additionally, this requirement enables complete item tracking in Department of Defense business systems. For more information about this requirement, please visit, (http://www.acq.osd.mil/dpap/UID/). Sunflower Assets 3.8 supports these strategic initiatives as well as complete organizational accountability by allowing the UID to be captured within the asset record and used interchangeably with any other company-specific asset identifier, such as a barcode tag or a RFID tag. Sunflower Assets 3.8 UID Support means that organizations can comply with DoD mandates and ensure successful audits with complete confidence.

Assets which have relationships and dependencies on other assets. While Sunflower Assets has always supported the concept of parent-child relationships between assets, the increasing importance of asset utilization and re-use within the enterprise means that asset managers must be able to easily navigate through the relationships and interdependencies between multiple assets. For example, a building may have many individual assets that make up that building: a roof, telecommunications, carpeting, landscaping, and HVAC equipment - just to name a few. Correspondingly, a production line comprises many different assets, such as machinery, routers and die casters, each of which could be dependent on the others. Sunflower Assets 3.8 enables easy navigation and immediate information between these various assets and among the many intricate relationships, all from one common point within the application.

Product architecture

Even though enterprises use best business practices for effective asset management, each may have unique requirements. Sunflower Assets supports unique requirements through its three-layered architecture approach; the data layer, business logic and user interface. The data layer is at the center of the architecture and contains the tables and views that stores all application data. Additionally, the data layer provides the capability to capture user-defined data. The business logic layer completely surrounds the data layer and provides the only way that data can be inserted, updated or deleted. This means that any user interface must obey the same set of data integrity constraints and business rules. The user interface layer provides the connection between the user and the business logic. Enterprises configure this layer, including the Personalized Application View, to meet business requirements without modifying the core application.

Sunflower Assets 3.8 now supports Oracle Application Server 10g and Oracle Database 10g, and does not require separate source code for other supported versions of databases and application servers. The clear benefit is enhanced return on investment with all Sunflower Assets enterprise implementations.

“We’re proud to use Oracle as our infrastructure,” said Tim Frazier, founder and chief technology officer. “While we continue our commitment to our original architecture, the Sunflower Assets product roadmap proves our dedication to leveraging newly emerging standards – including the move to a J2EE architecture. In leveraging Oracle’s unique capabilities, we’re able to offer a solid and stable infrastructure that is well-poised to ensure stability with current versions as well as the ability to take Sunflower into the future.”

Additional Sunflower Assets 3.8 features

• Enhanced search capabilities for user-defined fields located in reports

• Increased “Single Sign-On” support

• Large value asset tracking capabilities up to one Quadrillion dollars

• Refreshed user interface design and size

• Enhanced Purchase order (PO) processing capabilities

• List of values on catalog official names for data validation

“The amount of money that is invested in assets, coupled with cost savings that can be gained by better accountability, better utilization and better asset visibility, are driving this paradigm shift,” Kaehler further commented. “It comes down to this: the better an organization manages their asset base, the better they manage their fiscal accountability and mitigate risk. The wide adoption of Sunflower Assets underscores the commitment of enterprises in the public and private sector to deliver more value at a lower cost to their company, shareholders, employees and the nation.”

Sunflower Assets 3.8 is shipping now. For additional information on Sunflower Systems or Sunflower Assets, please call 866-209-3516 or visit the company’s website at http://www.sunflowersystems.com

About Sunflower Systems

Sunflower Systems significantly improves fiscal and operational accountability by optimizing asset management processes across the enterprise. The Sunflower Systems solution enables organizations to increase asset utilization and re-use as well as tighten financial accountability by providing a holistic view of every asset throughout its lifecycle. Enterprises benefit because Sunflower Systems:

• Provides a system of record to substantiate financial reporting

• Enables the single version of the truth for better asset allocation and utilization

• Maximizes accountability to ensure proper stewardship of every asset

Built on best practices for the composite enterprise, Sunflower Systems provides a complete and actionable view of the entire asset base, from the smallest mobile device to the most expensive classified equipment. The company is headquartered in San Ramon, California, with offices in Washington, D.C. and Portland, Oregon. For more information please call 925-355-0700 or visit our website at http://www.sunflowersystems.com.

Trademarks

Sunflower Systems and Sunflower Assets are registered trademarks of Annams Systems Corporation. Other names may be trademarks of their respective owners.

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