FM & RE terms and definitions

Real estate and facilities management professionals are turning to integrated campus management solutions to enhance the learning experience and environment they provide to campus users. 

Lease accounting software manages a company’s leased real estate properties, assets and equipment, enabling compliancy with financial lease accounting reporting regulations such as IFRS 16 and ASC 842. 

Lease accounting software manages a company’s leased real estate properties, assets and equipment, enabling compliancy with financial reporting regulations such as IFRS 16. 

Understand the role of Property Management Software and how the automation of processes and use of best practice can support an effective real estate strategy. 

Space management involves the management of an organisation’s physical space inventory. Think about accurate tracking of how much space an organisation has, managing occupancy information, and creating strategic spatial plans. 

Field Service Management (FSM) includes the detection of a field service need through remote monitoring and process support of field technician interactions. 

The Internet of things is the network of dedicated physical objects (things) that contain embedded technology to sense or interact with their internal state or external environment. The IoT comprises an ecosystem that includes things, communications, applications and data analysis. 

Enterprise Asset Management is the entire lifecycle management of the physical assets of an organisation such as buildings, installations, infrastructure and real estate assets. 

CAFM software enables facility managers in relation to space and move management, reactive and planned maintenance, operational facility services and more.