FM:Systems: IWMS market leader in 2017 Green Quadrant report

FM:Systems was recognized as a leader by Verdantix in their 2017 Green Quadrant Analysis for IWMS. As a leading provider of Integrated Workplace Management Systems (IWMS) and Computer-Aided Facility Management (CAFM) software, FM:Systems differentiates its comprehensive solution with best-in-class capabilities for space optimization. FM:Systems garnered high remarks in its breadth of functionality in addition to its best-in-class capabilities for space optimization…

Verdantix awarded FM:Systems multiple perfect scores of 3.0/3.0 for the Scenario Planning module, Move Management module, and for space utilization data collection and analysis. FM:Systems is positioned as a leader in the industry, integrating scenario planning and real-time monitoring of space utilization with various sensors, such as heat and 3D people sensing cameras. These capabilities address the most urgent challenges in optimizing facility and real-estate resources.

“Our placement in the 2017 Green Quadrant for IWMS is a strong confirmation that we’re growing in the right direction,” says FM:Systems President Kurt von Koch. “Our customers’ success has always been the driving force behind FM:Interact, and we’re pleased to know that our commitment to our customers is being recognized and reflected by the industry, particularly in an industry that is so rapidly changing.”

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

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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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Serraview and Accruent integrate workplace management solutions

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.]

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What is the difference between Total Rent Present Value and NPV?

In the TRIRIGA 10.4.1 Lease > Accounting tab > Schedule Summary section, there is the “Total Rent Present Value” field. In 10.5.2, that field is no longer there, but there is the “Current NPV of Rent” field. What is the difference between the two? Why are they different?

I can’t reply to the specific changes, but since 10.4.1 was released in 2014 and 10.5.2 was released in late 2016, there were scenario enhancements and more scenarios covered in TRIRIGA for Lease Accounting in the releases in between. The Lease Accounting wiki has information about the changes in these releases and might be helpful for questions similar to this (i.e., what is the difference between releases)…

Looks like the difference between present value (PV) and net present value (NPV) is the “net”. The latter “net” basically accounts for the initial capital/investment. As for “why” the change, I’m not sure, but it might be a more useful or accurate value for newer lease calculations/standards…

Both represent the Net Present Value (NPV) for the Operating/Finance schedule. The field from 10.4.1 and 10.5.2 is the same, but the label has changed in 10.5.2. In 10.4.1, it represented the Net Present Value at the time of lease activation and was not updated even if there were review assumptions performed. In 10.5.2, after the new accounting standard finalized, the current NPV now represents the NPV (liability as it is known) either at the time of first activation of the lease, OR after any recalculations might have impacted it due to performing the review assumptions. For example, at the start, it might be $30,000 and 1 year later, the NPV changed to $21,000, due to review assumptions that represent the “current” values at that point. By comparison, in 10.4.1, it would always show as $30,000.

[Admin: This post is related to the 02.22.16 post about the latest information on lease accounting.]

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Why can’t you save moves in the stacking tool in TRIRIGA 3.5.1?

I’m following the user guide and working with space scenarios. When I move organizations around, I see the move list. Once I click Save, the page refreshes, but nothing is saved. Is the stacking tool functional in 3.5.1?

Looks like it’s definitely broken. A stack record with the association string of “Stack Move Request” is created when I save, but the workflows are looking for records with the association string “Stack Move”, which will generate the move line items. This is an 100% OOB environment.

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