Maximize the return on your facilities assets
CFOs and financial executives continue to place increased emphasis on real estate and facilities assets as a key strategic asset. Senior executives use facilities to generate top-line improvement in their financial performance by opening new locations, as a source of capital to fund revenue growth, and consolidate or dispose of underperforming facilities to bring about significant expense reduction.
In addition, pending changes to lease accounting rules that will place operating leases on the balance sheets of public companies in the U.S., Europe and many countries will increase the impact of facilities on financial performance.
With IBM facilities management solutions, finance and real estate executives can make faster, more informed decisions that bring increased value to their organizations though identification of high-return real estate transactions, increased facilities utilization and reduced energy expenses.
Lease accounting has now emerged as an essential component for smarter businesses
The International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB) — accounting standards boards for the US, Europe and many countries — are jointly developing a new, soon to be released, accounting standard that will require large publicly traded companies to add an average of $1 billion in new assets to their balance sheets. Yet, 92% percent of executives considered their companies NOT PREPARED to capture, organize and report the balance sheet impact on their company today, according to a joint IBM and CFO Research Services study on the impact of the new lease accounting standard.
What are the realities that your company must consider?
According to our survey, the addition of operating leases to the balance sheet accounting of public companies will create a significant increase in the complexity and operational workload of finance, facilities and asset management functions within mid- to large-sized companies.
Furthermore, 58 percent of executives surveyed expect new information, new processes and new reporting requirements such as management of financial and operational assumptions related to renewal options will require companies to implement major system upgrades or new lease accounting systems to comply with the new lease accounting standard—see figure below.
Facility energy efficiency proves critical to achieve environmental and energy management goals
The International Facility Management Association reports that energy costs represent 23% of the total facilities occupancy costs.
Consider another fact. Ninety-one percent of organizations who successfully achieved their environmental and energy management goals invested in facility energy efficiency, according to an IBM environmental and energy management study. This same survey identified that a majority of those organizations that achieved their goals invested in three high-level tactics to reduce energy use within their facilities:
- Introduction of operational improvements to reduce maintenance downtime and cost.
- Investment in building retrofit programs to improve efficiency of existing assets.
- Implementation of space management programs to increase facilities utilization.
IBM facilities management software family delivers advanced features that improve return on facility assets:
Using IBM facilities management capabilities, organizations can reduce operating costs and increase return on assets. IBM helped Dow Chemical Company (PDF, 796KB) realize a 20 percent increase in facility use across more than 20 million square feet of lab and administrative office. While, IBM’s own Real Estate Site Operations (PDF, 780KB) (RESO) achieved an incremental eight percent energy cost savings at a 3.3 million square foot manufacturing facility through real-time energy optimization.
Enterprise Asset Management
Integrate the management of multiple facilities, all from one location.
IBM Facilities Management software delivers proven capabilities to identify under-performing facilities, increase facility utilization and reduce facilities occupancy and operating costs.
IBM TRIRIGA delivers integrated capabilities across real estate, capital projects, facilities management, facilities maintenance and energy management to improve facilities operations, reduce facilities costs and lower energy consumption.
Improves lease accounting and reduces occupancy costs.
Improves project planning decisions and accelerates project schedules.
Improves facility planning and increases facility utilization.
Reduces the cost of facility maintenance services and extends the life of facility assets.
Monitors environmental and energy impact and accelerate energy reduction goals.
All products - Facilities management
- IBM TRIRIGA
- IBM TRIRIGA Application Builder
- IBM TRIRIGA Application Platform
- IBM TRIRIGA CAD Integrator/Publisher
- IBM TRIRIGA Capital Project Management Software - Overview
- IBM TRIRIGA Capital Projects Manager
- IBM TRIRIGA Connector
- IBM TRIRIGA Workplace Performance Management Projects
- IBM TRIRIGA Energy Optimization
- IBM TRIRIGA Environmental and Energy Management Software - Overview
- IBM TRIRIGA Facility Assessment
- IBM TRIRIGA Real Estate Environmental Sustainability Manager
- IBM TRIRIGA Facilities Manager
- IBM TRIRIGA Facility Maintenance Software - Overview
- IBM TRIRIGA Request Central
- IBM TRIRIGA Workplace Operations Manager
- IBM TRIRIGA Workplace Performance Management Operations
- IBM TRIRIGA Facility Management Software - Overview
- IBM TRIRIGA Strategic Facility Planning
- IBM TRIRIGA Workplace Performance Management Facilities
- IBM TRIRIGA Workplace Reservation Manager
- IBM TRIRIGA Portfolio Data Manager
- IBM TRIRIGA Real Estate Environmental Sustainability Impact Manager
- IBM TRIRIGA Real Estate Management Software - Overview
- IBM TRIRIGA Real Estate Manager
- IBM TRIRIGA Workplace Performance Management Real Estate
- Trellis™ Real-time Infrastructure Optimization Platform
Need more information about IBM Facilities Management solutions? Watch. Read. Learn.
Select the right solution for integrated workplace management
Gartner Magic Quadrant for Integrated Workplace Management Software
IBM TRIRIGA facilities management software introduction
IBM TRIRIGA: The power of true integration in workplace management solutions
Select the right lease accounting software
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