Registering for the free FM user group event at Topgolf (Jul 2017)


Event: July 27, 2017, 12:00 PM to 8:00 PM Pacific Time (Topgolf in Roseville, CA)

I want to invite you to a free one-day Facilities Management event at Topgolf in Roseville, CA, outside of Sacramento, CA. Whether you are an IBM TRIRIGA or IBM Maximo user, these sessions will provide you with best practices to implement into your organization. Session topics include:

  • Using Projects to Assemble Financial Data
  • Making the Most of Key Performance Indicators to Measure What Matters
  • Using Facility Condition Assessment to Manage Your Assets & Maintenance Budgets
  • Capturing Required Inspection Data Electronically to Ensure Organizational Compliance
  • Asking the Experts
  • Networking Made Easy with Topgolf

This event has a limited number of seats so first come first served! Please RSVP here. Download the PDF agenda here. If you have any questions, please reach out to us at events@minimaximousergroup.com.

[Admin: This post is related to the 02.06.15 post about exploring the TRIRIGA user group community. To see other related posts, use the Community tag.]

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IV95963: Issues with lease partial payments and massive values


In TRIRIGA 10.5.2, the following issues have been seen:

  • (1) When capital leases start and end in the middle of a Semi-Annual, Annual, Quarterly, or Monthly payment period, the first and last period amortization in the fiscal line item (FLI) is not prorated correctly. As a result, the Day 1 right of use (ROU) is incorrect.
  • (2) Massive amounts are appearing in the Capital/Finance Schedule. The Interest Expense, Change in Liability Value, P&L Book Expense, Liability Value, and Net Equity fields are displaying massive amounts, like in the quintillions, even though the total rent is $240K.

We needed to fix the partial payment issue for the current and new lease accounting standards. Moving forward, we fixed an issue that when capital leases start and end in the middle of a Monthly, Quarterly, Semi-Annually, Annually payment period, the first and last period amortization in the FLI is not prorated.

[Admin: To see other related posts, use the Payments tag.]

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How are you running your QA organization to support TRIRIGA?


I want to understand how people are running their QA organization to support TRIRIGA implementations. What kind of automation is being used? What challenges are being faced? I’m trying to start up a discussion around QA testing for TRIRIGA.

[Admin: To see other related posts, use the QA tag or Testing tag.]

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ValuD: How can IBM TRIRIGA IWMS help your retail business?


Did you know the following?

  • Store leases comprise 10% of total business costs in the retail industry.
  • The number of online shoppers will increase from 1.5 billion in 2016 to 2 billion by 2019.
  • At least 100 million customers are expected to shop in augmented reality by 2020.

IBM TRIRIGA provides a robust platform to manage the entire store lifecycle process and takes your real estate operational processes and workflow to the next level. It provides financial analysis and evaluation of your real estate transactions by evaluating and comparing site locations across geographies.

IBM TRIRIGA is a single technology platform and database repository with automated process workflows, pre-built performance metrics, and environmental and energy management functionality. The solution drives a three-fold value proposition to improve financial, operational, and environmental performance.

You can use IBM TRIRIGA for:

  • Consolidating historical RE databases and spreadsheets into one integrated system.
  • Improving lease accounting and administration.
  • Capital program planning.
  • Retail site selection.
  • Performance analysis.
  • Business Intelligence…

[Admin: To see other related posts, use the ValuD tag or Retail tag.]

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UX: Why is there an undefined data source error in UX routed page?


I have created a UX app in TRIRIGA, and I’m routing a page, but it’s giving me an error while loading the routed page. It’s showing an undefined data source. I have created the data source in TRIRIGA, but I’m still getting the following error:

http://localhost/p/webapi/rest/v2/undefined/undefined/Works

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Verdantix: Who are benefiting from the changes in lease accounting?


In early 2016, the US Financial Accounting Standards Board (FASB) and the International Financial Accounting Standards Board (IASB) issued new lease standards, which require companies to include lease obligations in their balance sheets. The new standards take affect 1 January 2019 and will impact all companies that have leases for real estate or equipment and file financial statements…

For many years, IWMS software providers have provided real estate, leasing, and portfolio capabilities, which include modules that integrate details of leases and contracts with existing financial and accounting systems to provide a central database for real estate financial planning and analysis and to create the correct entries for the accounting system. The new FASB/IASB accounting standards bring the spotlight on the role of software in managing leases.

A review of the deals in the public domain shows that providers such as Accruent, Lucernex, and Qube are already swooping in on opportunities to help companies mitigate risk by ensuring compliance to these new leasing standards. In the last few months, Lucernex has announced several new contracts with retailers such as Bouclair, DXL, Bashas’ Family of Stores and Suburban Propane. Accruent has been selected by CTIL, Tillys and Sephora in just the last few weeks. We are also witnessing other IWMS vendors improving their capabilities for accurate lease calculations in accordance with the new lease accounting standards. For example, in April, Planon software received validation from a Big Four accounting firm that its leasing calculations engine was in accordance with the IASB/FASB requirements…

[Admin: This post is related to the 08.01.16 post about the competitors of IBM TRIRIGA. To see other related posts, use the FASB tag or IFRS tag.]

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Serraview: IWMS 2.0 achieves true integrated best-in-breed systems


With the emergence of new workplace models and technologies, we are starting to see a shift away from traditional Integrated Workplace Management Systems (IWMS) to stand-alone software systems integrated through common APIs in order to achieve true best of breed capabilities across multiple service needs. In fact, one of the original founders of the IWMS concept, Michael Bell, has defined this shift as IWMS 2.0. According to Mr. Bell, IWMS 2.0 has the potential to achieve lower costs, faster implementation and valuable data-driven insights…

At Lighthouse.io, we are strongly aligned with Michael Bell’s IWMS 2.0 vision. We are focused on solving very specific challenges for facilities managers… For a facility manager, these challenges form only one part of their overall remit. Whilst it’s tempting to build out a system that covers the entire facilities management function, we realize that by doing so we would be sacrificing the quality of our core product. Therefore, our preference is to integrate with complimentary products that are best of breed and solve a different set of challenges for facilities managers.

To illustrate the IWMS 2.0 model in practice, let’s explore how Lighthouse.io could integrate with another best in breed software product – Serraview. Serraview is a leader in space planning and management. Lighthouse.io is a leader in commercial cleaning software and optimizing delivery of facilities services. Combined, these two products can provide facility managers with an end-to-end solution for managing employees, assets, and delivery of facilities services…

[Admin: This post is related to the 08.01.16 post about the competitors of IBM TRIRIGA. To see other related posts, use the Serraview tag.]

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