FM:Systems: Five new features of the FM:Interact 2017 release


We are very excited to announce the release of FM:Interact 2017. With this release, we’ve enhanced previous functions to improve user experience, and created brand new ones in order for organizations to get the most effective utilization of their space. So let’s get to it. What are the new functions?

1. Scenario Planning

You’ve been hearing some whispers about it, but now it’s fully developed! The Scenario Planning module provides you with the ability to create, visualize and “try on” potential space situations, such as build-outs, expansions, reorganizations, consolidations or reconfigurations — so you’ll be prepared no matter what happens…

2. FMx5 Markup & Measure

Markup and Measure provides users with the ability to draw and create spaces DIRECTLY on the FMx5 floor plan. After you save, you can see those changes reflected in AutoCAD real-time. This one is my personal favorite…

3. Data Change Request

To maintain the integrity of your Space Data, the ability to make changes are usually limited to Power Users and Space Planners. With this release, general users can now request changes to space while allowing planners and administrators the ability to review, accept or reject those changes before they ever hit production…

4. Data Auditing

You now have the ability to track everything that happens to your FM:Interact data by having visibility into all data actions performed by system users. This gives you insight on why a record has been modified, who modified it, and when…

5. FMx Sensors

Get real-time space utilization analysis on your facility data with our integration with seat utilization sensing technology and 3D Stereoscopic cameras. This gives you an unprecedented level of insight on how their facilities are really being used…

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

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Verdantix: 83% firms used energy management to optimize assets


According to the 2016 Verdantix annual survey of 250 energy and facility decision-makers, 17% of firms continue to separate energy and asset management processes, 58% use energy management to inform asset management, while the remaining 25% of firms have fully integrated energy and asset management…

The landscape of vendors providing solutions for improved asset management is broad and highly competitive. Firms range from integrated workplace management system (IWMS) providers such as Accruent, iOffice, Planon, Qube, and Trimble Manhattan; to computerized maintenance management system (CMMS) providers, such as Dude Solutions and eMaint; to building energy management software providers, such as Envizi, Schneider Electric, and Siemens; and smart building platforms, like Switch Automation. The next five years will see an increased emphasis on partnerships as vendors seek to provide additional value add capabilities including advanced analytics and enhanced data capture functionalities

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

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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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Serraview: What is the impact of IWMS 2.0 on today’s workplace?


Is the integrated workplace management system (IWMS) right for the modern workplace? Today’s workplace has new requirements that have pushed the boundaries of what the workplace management tools and practices of yesterday can support. There’s a new IWMS model that can leverage existing investments and better support the workplace of the future…

Michael Bell, who is one of the original founders of the concept IWMS, issued a paper recently called IWMS 2.0 where he talks about the power of using multiple different stand-alone systems integrated through common APIs in order to achieve true best of breed capabilities across multiple service needs.

The benefits of these applications are that they can really truly focus on their core components. Applications such as Serraview being entirely space management focused mean that you have the ability to ensure that the capabilities and functionality are continually being developed and evolved…

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Verdantix: IWMS vendors partner up to tap latest space innovations


Over the past six months, vendors offering space management solutions have enjoyed a flurry of strategic partnerships and acquisitions. Many of the notable partnerships have been led by integrated workplace management systems (IWMS) suppliers looking to deepen their capabilities in space planning and take advantage of emerging IoT-led technologies for occupancy tracking.

Witness Accruent partnering with Serraview in February 2017, FSI’s partnership with Excitech in December 2016 and FM:Systems’ partnership with CoWorkr in October 2016. IBM is also in a long-standing partnership with IoT start-up Yanzi Networks, a provider of building sensors, to collect detailed data on space utilization and variables that impact well-being.

Given that space management has long been at the heart of IWMS propositions, what is driving all this activity? One factor is the availability of better occupancy data from emerging sensors and beacons enabling a new wave of IoT-led space management solutions to take off.

In addition, increasingly mobile workforces and more flexible desk assignments are creating customer demand for new types of management tools. Partnerships are one way for IWMS vendors to quickly take advantage of emerging technologies across areas such as real-time wayfinding, real-time space analysis and improve visualization analytics. These were factors underlying the Accruent and Serraview partnership…

[Admin: This post is related to the 03.03.17 post about the Serraview and Accruent partnership, and the 08.01.16 post about the competitors of IBM TRIRIGA.]

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Verdantix: Serraview and Accruent partnership is good for real estate


This week, Serraview and Accruent tied the knot in a strategic partnership that brings together the providers of a best-of-breed point solution for space management and an integrated workspace management system (IWMS) solution. This deal makes perfect sense. Serraview explicitly doesn’t want to broaden out of space management. But its space management tools are much more powerful than those typically found in IWMS solutions.

While a lot of companies track the presence of employees by looking at who swipes in and out of buildings and calculating the occupancy ratio, this misses the fact that actual utilisation is considerably lower given flexible work arrangements, external meetings, and other types of absences.

Serraview (and competitors such as Rifiniti) look to create a dynamic view of how office space is used based on existing datasets such as badge swipes, any occupancy sensors present (such as those for lighting), beacons and IP activity. The numbers are shocking for many heads of real estate. Are the typical buildings they use really below 50% actual utilisation?

In Verdantix’s recent research, we found that too many firms work very hard to generate quite small savings from their utility bills and don’t spend enough time looking at space consolidation and hot-desking strategies which are high return activities. So this deal putting together Accruent’s reach and scale with this type of powerful solution is good for the corporate end users who will be able to target a much higher potential savings pool…

[Admin: This post is related to the 08.01.16 post about the competitors of IBM TRIRIGA.]

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