The recent announcement of Serraview’s partnership with Accruent has generated quite a buzz in the corporate real estate arena: Accruent Announces Strategic Partnership With Serraview. We’ve been getting a lot of questions, so we’re letting you in on some of the unique opportunities our combined workplace management solutions will bring to companies transitioning to the modern corporate office.
Why have Serraview and Accruent teamed up?
Serraview and Accruent are both leading providers of workplace management solutions for companies looking to shape, drive, manage and control their real estate portfolio. Our goals are perfectly aligned: to enable corporations to make the best use of physical spaces and transform them into strategic assets…
How does the partnership better support the modern corporate office?
Today’s workplaces need to provide additional value for organizations that was never anticipated in years past. Pressure to reduce property costs remains high, but at the same time, CRE organizations must optimize workplaces to enable innovation, attract talent, boost productivity and improve employee experience in the workplace…
What are some of the new capabilities planned for the integration?
Here are just a few examples of how we’re planning to integrate Serraview’s and Accruent’s workplace management solutions:
- Improve scenario planning with strategic data access. Serraview’s stacking and what-if scenario planning tools make it easy to combine pockets of vacancy into a contiguous space that can be freed up for other uses…
- Enhance employee experience with integrated fault reporting. In many organizations, it’s cumbersome for employees to report on facility issues (such as malfunctioning equipment, broken furniture or HVAC problems)…
- Streamline the Move-Add-Change process. Managing moves within an organization is typically a time-consuming process involving several groups. Within Serraview, space managers receive space requests, find vacancies and make assignments, and schedule the move process…
[Admin: This post is related to the 03.03.17 post about the Serraview and Accruent partnership. To see other related posts, use the Serraview tag.]
The new FASB/IASB leasing standards have created ripples in the facilities industry with companies scrambling to achieve compliance before the 2019 deadline. Unfortunately, many of the organizations who fall under this statute do not have a streamlined lease administration process… Accounting and consulting firms have leveraged their technical expertise to guide companies in their path forward.
One such global audit, tax, and advisory firm elected to develop and market a hosted lease management tool to aid their clients in achieving FASB/IASB compliance… The firm selected IBM TRIRIGA for its extensive out-of-the-box capabilities, but wanted to add validations like specifications for when to review assumptions and to ensure accountability of balance sheet accuracy. The firm wanted to leverage the enhanced functionalities of the IBM TRIRIGA Real Estate Manager and selected ValuD as their strategic partner for implementation and development…
The leasing tool had to be adaptable to include future enhancements and had be deployed seamlessly to the firm’s customers. As a result, a hosted delivery model was chosen to ensure customers were on the latest release… The lease accounting tool was one of the first to be launched in the market exclusively for leasing standard compliance. The firm attracted new clients which created a new revenue stream. The firm’s clients achieved statutory compliance, gained better control over their lease portfolio and process efficiency, and improved security with the hosted model…
[Admin: To see other related posts, use the ValuD tag.]
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.]
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.]
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 03.17.17 post by ValuD about meeting the ValuD team, 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.]
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.]
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…