Aspen Technology Reviews & Pricing

by Aspen Technology, Inc. | Founded 1981, Bedford, MA

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Overview Benefits Reviews Features

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What is Aspen Technology?

Industry Specialties: Serves all industries

AspenTech is developed for companies in process industries, including energy, chemicals, engineering and construction. Its asset performance management module avoids unplanned downtime with accurate warnings of equipment failures and prescriptive guidance to mitigate issues.

It automates workflows and orchestrates processes for seamless execution and improves performance. It leverages advanced optimization to develop optimal production plans and executable schedules.

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Aspen Technology Benefits and Insights

Why use Aspen Technology?

Key differentiators & advantages of Aspen Technology

Facilitate Collaboration: Connect data across the enterprise to provide users with actionable information. Use predefined templates and reports to boost transparency and reduce estimation time.
Gain Insights: Aggregate data from different sources to create intuitive visualizations, gain valuable insights and guide decisions at every business level.
Boost Profitability: Unearth operational efficiencies, maximize asset lifespans and minimize operating and maintenance expenses with Aspen Event Analytics capabilities.
Optimize Supply Chain: Create optimal production, procurement, distribution and inventory plans to meet customer demands and business revenue objectives. Generate robust supply chain plans using data-driven analysis.
Boost Customer Service: Provide complete visibility into production schedules highlighting disruptions and key performance indicators to boost customer service.

Industry Expertise

It caters to industries like pharmaceuticals, polymers, consumer packaged goods, transportation, metals and mining, food and beverages, power generation and distribution and more.

Key Features

Plant Scheduler: Create viable and adaptable production schedules quickly with Plant Scheduler. Maximize asset utilization using schedulers’ built-in optimization algorithms.
Supply Chain Planner: Improve sales and operations processes and maximize profitability with its supply chain planner. Create and choose optimal supply chain plans from unlimited scenarios using powerful data-driven analysis.
Collaborative Demand Manager: Visualize and understand demand trends through the Collaborative Demand Manager. Combine real-time market intelligence from sales, customers and marketing and utilize advanced algorithms to generate accurate forecasts.
Capital Cost Estimator: Accelerate project execution, make better decisions and increase capital cost estimate predictability using a costing model. Leverage reusable templates and configurable reports to decrease estimation time and increase transparency.
Robust Visualization: Aggregate data from multiple datasets across the enterprise and develop visualizations for better decision making. Translate real-time data into profitable business decisions, view deviations and identify risks early with robust visualizations.
HYSYS: Foster collaboration across functions. Optimize complex assets to achieve multiple objectives and create AI-powered models. Generate intuitive workflows for equipment design, costing, energy management, safety analysis and sustainable operations.
Multi-Case: Navigate through different operating cases using smart analysis and advanced graphics. Display results from multiple files or simulations for optimized comprehension. Evaluate alternate design configurations for various operating conditions to achieve better outcomes.
Exchanger Design and Rating: Design major exchanger types, including shell and tube, fired heaters, plates and more. Incorporate heat exchanger designs to produce optimal designs.