FieldFLEX releases their latest mobility application for FCA


FieldFLEX, the leading developer of mobile enterprise software for corporate real estate and workplace management, announced they will be releasing a premier mobile application designed specifically for facilities engineers and inspectors to gather asset data, perform asset condition audits, and estimate repair and replacement costs. The mobile app will allow organizations to rapidly collect and establish accurate asset records, support sustainable funding models, make critical decisions in a shorter time, and feed data directly into the capital planning and operational process…

The FieldFLEX FCA application is fully integrated with the FieldFLEX mobile platform and offers organizations a flexible, highly-scalable, IoT-enabled mobile solution that provides opportunities to reduce costs and risks. The FieldFLEX mobile platform builds a culture of engagement by connecting mobile employees with their workplace for real-time interaction. The suite of mobile enterprise productivity apps includes asset tracking and logistics, and field operations such as inspections, facility assessments and surveys. Compatible with iOS, Android, and Windows, FieldFLEX apps seamlessly integrate with the enterprise IWMS.

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

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Serraview: High-tech occupancy sensors for agile space planning


The following is a guest blog written by Itamar Roth, CBO at PointGrab.

Agile workplaces are a smart strategy for solving a number of pressing corporate problems: reining in mounting property costs by optimizing space, supporting workforce mobility, and attracting and retaining talent.

However, planning and managing these flexible environments is challenging because of the nature of agile spaces: people are constantly moving around and occupancy shifts from day to day, even hour to hour… Innovative occupants’ activity sensors can provide up-to-the-minute intelligence about space utilization that’s needed to plan and manage modern workplaces… Today, intelligent Internet of Things (IoT) sensor technology can be used to help lower expenses and design workplaces that provide the optimal employee experience.

Here are some of the latest advancements in commercial occupancy sensors and how they overcome some of these challenges.

  • Horizontal sensing vs. traditional commercial occupancy sensors…
  • Image sensing and AI improves ability to count people…
  • Edge analytics technology protects occupants’ privacy…
  • Extending range and reducing maintenance…
  • Demand-controlled ventilation reduces energy use…
  • Daylight harvesting provides smarter lighting control…

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

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Planon: How can RE managers take control of their RE portfolios?


In principle, every organisation is made up of four production factors: the capital, the people who work there, technology, and information (data). The real estate manager’s role in the organisation is becoming steadily more significant, partly because of the disruptive changes in Corporate Real Estate. One might suggest that real estate can now be regarded as the fifth production factor. How does a real estate manager gain control over his biggest cost item: the real estate portfolio?

Striking a balance

As a new and fifth production factor, real estate plays an important role in your organisation. Did you know that Corporate Real Estate (CRE) represents on average around 20-25% of a balance sheet? That 60% of organisations lack transparency in their real estate portfolios? And that no fewer than 2 out of every 3 real estate managers lack control over their real-estate-related processes? It’s up to the real estate manager himself to make a positive change to these statistics, and to tackle the challenges that lie ahead

The world is changing

From 1 January 2019, publicly listed companies are required to include on their balance sheets any rental contracts that run for longer than a year. With the introduction of the new lease accounting standards, the debt position on your balance sheet could rise by up to 20%. These new regulations therefore exercise a direct influence over your portfolio strategy. Accurate administration, reliable calculations and compliant reports are an absolute necessity. The need to regain control over your real estate will be made all the more urgent by the disruptive changes currently occurring in the world around us…

[Admin: To see other related posts, use the Planon tag or Leases tag.]

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Serraview: HR, IT, & CRE trifecta for workplace transformation


In many organizations, the corporate real estate (CRE) team is leading the effort to transform workplaces into more modern spaces that better support the workforce. However, to be successful your workplace transformation strategy must be about more than designing better spaces…

That’s why your workplace transformation strategy should not be developed by the CRE team alone. Outcomes for the company and for employees improve with interdepartmental collaboration between your CRE, Human Resources (HR), and Information Technology (IT) teams…

What HR and IT can contribute to the workplace transformation strategy

Moving to modern workplaces with flexible seating can be a monumental shift for employees. The fact is, you’re asking them give up ownership of their desks and significantly change their work habits. In the end (when you do it right), your people will be happier and more productive. But people do resist change…

Interdepartmental collaboration: how to gain buy in and assemble a team

Here’s a three-pronged plan for convincing your HR and IT people to help with your workplace transformation strategy.

  • 1. Share what’s in it for them. When you want to engage your HR and IT teams, it’s helpful to think about the benefits of the modern workplace from their point of view…
  • 2. Include IT and HR goals in your workplace transformation strategy. Beyond simply explaining the overall benefits of modernizing the workplace, you can win over your IT and HR teams by helping them to meet their specific KPIs and objectives…
  • 3. Address their concerns about workplace transformation. Your IT and HR groups are going to have questions and concerns about your plans to implement a modern workplace. Make sure you address these in your messaging…

[Admin: This post is related to the 04.13.17 post about Serraview space management. To see other related posts, use the Serraview tag.]

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FieldFLEX: Is your enterprise ready for mobile?


How do you determine what is the best mobile solution for your enterprise that will enable users to get the data and functionality they need? What software will integrate smoothly, assimilate large amounts of data, comply with your security requirements, give the end users an engaged experience, and ultimately make your business more effective and efficient?

Here are the answers to the top questions asked at the FieldFLEX booth during the recent IBM InterConnect 2017 conference.

What is the security level with the FieldFLEX mobile app?

At the device level, all data is encrypted for transport to and from the server over SSL. Any data stored on the mobile device resides in an encrypted mobile database. The FieldFLEX server stores no data. User access is controlled by username and password authentication or through mobile device management platform…

What back-end systems does FieldFLEX integrate with?

Our mobile platform integrates with IBM TRIRIGA, Maximo, and a variety of other products. It is the single mobile solution for corporate real estate, condition assessment, facilities management, operations, lease and capital projects…

How are drawings published?

Mobile drawings can be published directly from your AutoCAD or Revit floor plans. Customers can choose published content which offers layering visibility control. FieldFLEX drawing publisher reduces the CAD file size by up to 90% to improve download speed and performance in the mobile apps…

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

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Planon: Lease accounting terms a real estate manager should know


From 1 January 2019, the new lease accounting regulations from the Financial Accounting Standards Board (FASB) and the International Accounting Standard Board (IASB) will need to be implemented in order to comply with the new standards, ASC 842 and IFRS 16 respectively. In this blog, I will share with you the important lease accounting changes and relevant terminology.

With effect 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 is a measure against an offensive strategy of sell-and-lease-back, also known as off-balance financing. It implies that organisations can free up financing, as leased properties – in contrast to owned properties – are not required to be included on the balance sheet. This strategy was used by many corporates during the 1990s and early 2000s. The key objective of the new standards are to enhance financial transparency in lease accounting administration

The Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB)… are convinced that actual lease liabilities should be reflected in a uniform way for readers of financial statements. Since 2006, FASB and IASB have been undertaking a review of their relevant lease-related chapters ASC 840 and IAS17 that cover lease accounting. By moving away from current accounting practice, financial transparency will be enhanced by showing off-balance lease financing, together with the related liabilities, on the balance sheet.

From 2019, the relevant compliance standards are ASC 842 (which replaces ASC 840) and IFRS 16 (which replaces IAS17). However, even though the new reporting requirements take effect from 2019, at that same time, organisations must comply retrospectively to ASC 842 and IFRS 16 for the years 2017 onwards. Therefore, it’s time to act now, as 2019 is fast approaching! In my next blog, I will elaborate on the steps that a Corporate Real Estate manager will have to take, working together with their CFO, in order to be ready in time for the new lease accounting regulations.

[Admin: This post is related to the 04.26.17 post by Planon about 3 steps to take to meet the 2019 deadline. To see other related posts, use the Planon tag.]

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Managing corporate real estate better


Executives are increasingly being challenged to get more value out of their corporate real estate assets. Better visibility will be key, but how do firms get started? MeetTheBoss TV’s Ben Thompson recently caught up with IBM’s John Smart to find out how businesses can optimise their portfolios to balance both growth and cost management.

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