Lease accounting compliance
This article discusses the changes that the new IFRS, GASB and FASB lease accounting standards will impose on real estate lease practices. Their implications encompass more than merely reporting—effects from the new standards will impact decision-making procedures as well as lease administration processes themselves.
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Adopting BIM for Facility Management
Facility managers are advised to approach BIM adoption as an information management exercise. Start small whenever possible and prioritize: think about the biggest problem to address first or the most appealing opportunity to materialize.
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Real Estate Management: ERP vs IWMS
Make informed decisions with our e-book about ERP and IWMS for real estate management.
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How can you benefit from BIM as a Facility Manager?
Both a BIM and IWMS systems use data for multiple processes throughout a building’s lifecycle. Facility and property managers are becoming increasingly interested in the benefits to maintenance and operations that integrating the two systems can bring.
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Building a Credible Business Case
Before selecting and implementing an IWMS, it’s recommended to build a business case including internal and external costs and monetary and non-monetary benefits from at least a three year perspective.
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Demonstrating The Value in FM
One of the things facilities professionals typically struggle with is the feeling they don’t have a great impact on the overall bottom line of a company, when in fact, they have one of the most impactful jobs in the company. From the connection to human resources, security, safety, and IT, the facility management department is an important value-adding part of any organization.
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Next Generation Facilities Management Software
All over the world, forward-thinking facility management professionals have turned to facilities management software to efficiently manage their facilities and real estate portfolios. But many facility management professionals don’t realize that the next generation of facilities management software can also be used to strategically plan for the future of their businesses.
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How to maintain your maintenance
We all know exactly why, when, where, and how we maintain our car and for what costs. We make smart and well considered decisions in postponing, combining, or advancing maintenance based on our budget, the risk of engine failure, the projected lifecycle of the car, and several other factors.
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Understanding FASB's impact on facilities
In this webinar you will learn more about FASB’s impact on facilities. New accounting standard from the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) are requiring companies and organizations to include lease obligations on their balance sheets, changing lease accounting to be more complex than it used to be. We'll show you the practical implications of this on your real estate and facilities. (24:16)
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How to speed up dealing with work orders
Are you among those who struggle to deal with work orders in good time? Do you wonder how you are still going to fulfill Service Level Agreements (SLAs)? Do you sometimes close a report before the problem has been dealt with fully, simply in order to meet KPIs? Download a free copy of this how to guide to get five tips to make your work orders process run more efficiently.
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How to make software demos work
Are you considering purchasing IWMS software? Or planning to replace your existing CAFM as it doesn’t meet your needs? In both cases, a well thought purchase process starts with understanding your requirements, writing the business case, budget and resource allocation, and a solid project plan including a vendor selection procedure.
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Six ways CAFM delivers business benefits to the boardroom
The many advantages of CAFM software are often clear to Facility and Real Estate Managers (reduced costs, greater efficiency and accurate reporting), but getting buy-in from your board to invest in Computer Aided Facility Management can be a challenge.
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Agile Workplace Management
The average workspace costs around $13,000 per year, with only 50% of spaces used on a typical working day. Facility and Real Estate Managers are constantly looking for solutions to maximize occupancy, match supply and demand of spaces and services, as well as reduce costs and energy consumption. Agile Workplace Management helps meet these challenges by optimizing the utilization of your space and services in a continually changing working environment.
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