Smashing another TRIRIGAFEEDIA milestone into smithereens


Today, TRIRIGAFEEDIA exceeded 100,000 hits! To put this into perspective, while it reached its first 10,000 hits in less than 8 months, it reached its last 10,000 hits in less than 2 months! Thanks to the TRIRIGA Around the World Facebook group, the TRIMAX user group, and the greater TRIRIGA community for reading, following, rating, commenting, and feeding TRIRIGAFEEDIA. I truly appreciate it!

[Admin: This post is related to the 11.23.15 post about exceeding the 20,000 milestone, and the 07.20.15 post about hitting the first milestone.]

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ValuD at IBM InterConnect 2017


March 19 – 23, 2017, MGM Grand & Mandalay Bay, Las Vegas, Nevada

IBM InterConnect is one of the largest events dedicated to Cloud, Internet of Things, and Watson. With over 25,000 attendees and 2000+ technical sessions, conducted by some of the most greatest and innovative minds in the business, InterConnect is the place to be to discover, learn and explore the best technology on the market.

As a premier business partner of IBM, ValuD will be participating as an IoT/Watson exhibitor and speaking at 3 breakout sessions including a joint session with IBM on lease accounting. You can find us at Booth 989 in the IoT/Watson section.

  • Session ID: 2879: Directions in Real Estate and Facilities Management
  • Session ID: 4471: TRIRIGA SaaS: Umpqua Bank’s Out-of-the-Box IWMS Implementation Story
  • Session ID: 4424: How Do You Manage Lands in a Cloud?

[Admin: This post is related to the 03.15.17 post by ValuD about managing lands in a cloud (Utah Department of Natural Resources’ TRIRIGA SaaS implementation), the 03.08.17 post by ValuD about Umpqua Bank’s TRIRIGA SaaS implementation, and the 03.02.17 post about the InterConnect 2017 Bootcamp labs.]

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FM:Systems: What does the word “configurable” mean in IWMS?


Configurable software provides a variety of options for users to modify the interface or workflows driving user experience without having a background in IT or computer programming. A configurable IWMS provides extremely flexible features that are easy to manage. The source or core code of the software is never touched, rather configurations are saved to the database…

Ah! Makes sense. But what makes FM:Systems different?

Unlike other IWMS products that have been “assembled” through mergers and acquisitions, all FM:Interact modules have been solely developed in-house by the FM:Systems product team. FM:Interact was built from the ground up to be easily configured to our customers’ business processes. This avoids the high cost, long time frames and risks associated with customizing other IWMS products or the development of custom or “bespoke” systems…

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

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IBM TRIRIGA and RedSys offer ERP for commercial real estate


[Google Translated from Russian]

ERP for Real Estate: To Help Managers

In the IT market, there are a number of systems for the management of commercial real estate, both Russian and foreign. Many of them work on transactional basis. There are integrated solutions, covering all aspects of property management. One of these solutions is developed by the RedSys Russian company, which is based on IBM TRIRIGA software platform, widely used around the world for the management of assets. Features of the solution – through management of the facility, which includes all areas: financial, commercial, operational, etc. Users can do powerful visualization and reporting, which allow you to control the object from different points of view.

The building is presented in such a system in the form of a floor plan, for which the information can be obtained from three-dimensional models of BIM-systems, which clearly demonstrates all the necessary data to the customer: the occupancy of space, the number of tenants, the state of infrastructure, financial performance, and more. Also in their judgment, RedSys has built project management tools with the possibility of the plan, attach documents, and reporting on deviations from the terms of the tasks. Of particular note, and analytical capabilities of solutions that enable owners and top management to keep abreast…

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[Original Russian]

ERP для недвижимости: В помощь менеджерам

На ИТ-рынке существует ряд систем для управления коммерческой недвижимостью, как российских, так и зарубежных. Многие из них работают по транзакционному принципу. Есть и комплексные решения, охватывающие все аспекты управления недвижимостью. Одним из таких решений является разработка российской компании RedSys, в основе которой лежит программная платформа IBM Tririga, широко используемая во всем мире для управления активами. Особенности данного решения — сквозное управление объектом, включающее все направления: финансовое, коммерческое, эксплуатационное и т. д. Пользователям доступны мощные средства визуализации и представления информации, которые позволяют управлять объектом с различных точек зрения.

Здание представлено в такой системе в виде поэтажного плана, информацию для которого можно получить из трехмерных моделей BIM-систем, где наглядно демонстрируются все нужные заказчику данные: заполняемость площадей, количество арендаторов, состояние инфраструктуры, финансовые показатели и прочее. Также в составе решения от RedSys имеются встроенные средства управления проектами с возможностью ведения плана, прикрепления документов и формирования отчетов по отклонениям от сроков выполнения задач. Особо следует отметить и аналитические возможности решения, позволяющие владельцам и топ-менеджменту держать руку на пульсе…

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IBM InterConnect 2017 Bootcamp labs developers shouldn’t miss


When learning about new technologies and tools, it often helps to get one’s hands just a little bit dirty and see what really makes them work. That’s the idea behind the new Bootcamp labs at IBM InterConnect 2017, March 19-23 in Las Vegas.

These instructor-led labs run 3 to 4 hours, giving enrollees the opportunity to do hands-on work with new products and technologies. Attendees can find a deeper dive in these sessions led by subject matter experts…

IoT Platform to Maximo/TRIRIGA hands-on lab

Thursday, 8:30 AM – 12:15 PM, Mandalay Bay South Seas I1, Session ID: 7436A

This lab offers attendees a basic understanding of how connected operations work. Use a simulated temperature sensor (a gauge meter in Maximo) to send a temperature reading to the Internet of Things (IoT) Quickstart. The message is then sent to NODE-RED, which parses the message. When a reading changes, it goes into a REST-API call that inserts the meter reading into the referenced asset meter readings. The reading updates the measure point and triggers a work order using Maximo functionality, or if one chooses to do so, using a TRIRIGA work task…

[Admin: This post is related to the 02.06.15 post about exploring the TRIRIGA user group community, and the 06.07.16 post about using sensors with Watson IoT to create TRIRIGA work tasks.]

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Planon: Will you be ready for the new lease accounting standards?


There will be much change in lease accounting from 2019. From 1 January 2019, the Financial Accounting Standards Board (FASB) and the International Accounting Standard Board (IASB) will implement new standards, ASC 842 and IFRS 16 respectively. What actually is lease accounting? And what exactly is going to change?

What will change from 1 January 2019?

From 1 January 2019, publicly listed companies will be required to include on their balance sheets all leasing contracts with a contract term longer than one year. This process was launched a few years ago by the FASB and the IASB, both of which are bodies with the authority to define standards that organisations have to adhere to.

In recent years, more than a thousand proposed amendments to these new standards have been proposed and this is why it has taken some time for the final versions to come into force. The result, however, is that the new standards have had good input from finance professionals. The outcome is that from 1 January 2019, publicly listed companies will have to list not just their lease contracts on the balance sheet, but also the way in which both the obligation to pay rent and “ownership” of the right to use the asset will be calculated and regularly reported

[Admin: This post is related to the 03.09.17 post by Planon about the impact of the new standards on your business, and the 06.02.16 post about getting your leases in order. To see other related posts, use the FASB or IFRS tag.]

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ValuD: Achieving workplace efficiency with IBM TRIRIGA


A remote or virtual workforce is a reality in today’s workplace. Be it downsizing, relocation or mergers and acquisitions, organizations must adapt to support and manage an increasingly flexible, mobile and distributed workforce…

How can you optimize your facility?

  • Identify the underutilized space in your facility: The first step is knowing actual space usage versus the actual space required. Under-utilization of physical space wastes energy and other resources.
  • Manage your space: Underutilized and poor-performing facilities offer major cost savings potential. Not only can you improve your current workflows to make better use of your shared resources…
  • Leverage flexibility: Relying on actual headcount of your employees in the physical office might not be enough in this flexible workplace era. You might need to monitor employee movement and occupancy…
  • Initiate strategic facility planning: Adopting a strategic facility management program can help you better align your organization’s core business goals with occupancy and other similar needs…

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