Case Study: Merri-bek City Council strengthens asset valuation confidence with Siemens Asset Management Software

Merri-bek City Council saves weeks of revaluation work with Siemens Asset Management Software

Merri-bek City Council, a local government in Melbourne, needed to ensure its asset valuations accurately reflected the true cost of infrastructure projects to meet audit requirements. With limited internal resources, the council partnered with Siemens Asset Management Software, a vendor whose Assetic platform they already used, to review their methodology, address data gaps, and validate unit rates.

The Siemens team collaboratively reviewed the council's revaluation process, analyzing project costs and calculating updated unit rates backed by clear, evidence-based reports. This transparent approach secured auditor sign-off and saved the council's team weeks of internal effort. The engagement with Siemens strengthened the council's valuation data and methodology, providing greater confidence for long-term financial planning and investment decisions.

Merri-bek City Council