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 open new facilities to generate top-line financial improvement, as a source of capital to fund revenue growth, and consolidate underperforming facilities to reduce operating expenses.
In addition, pending changes to global lease accounting rules that will place operating leases on the balance sheets of public companies will further increase the impact of facilities on financial performance.
With IBM facilities management software, 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 accounting standards boards for the US, Europe and many countries are jointly developing a new accounting standard that will place leased facilities and other assets on company balance sheets.
Yet, 92 percent of senior finance and other executives considered their companies NOT PREPARED to capture, organize and report the balance sheet impact for their company, let alone implement necessary management processes to manage or reduce this impact in a sustainable on-going manner, according to an IBM study on the impact of the new lease accounting standard.
What are the realities that your company must consider?
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 will require major system upgrades or new lease accounting systems to comply with the new lease accounting standard.
Facility energy efficiency proves critical to achieve environmental and energy management goals
The International Facility Management Association reports that energy costs represent 23 percent 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 software, organizations can reduce operating costs and increase return on assets. IBM Real Estate Site Operations (RESO) achieved an incremental eight percent energy cost savings at a 3.3 million square foot manufacturing facility through real-time energy optimization. In another example, A Fortune Global 500 customer reduced its global real estate portfolio by 17%.
Enterprise Asset Management
Business Service 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.
Combines real-time systems monitoring with facilities management to help optimize facilities operations, reduce energy costs, and increase asset reliability.
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.
IBM TRIRIGA facilities management software introduction
Discover how IBM reduced facilities energy consumption by 8 percent
IBM TRIRIGA: The power of true integration in workplace management solutions
IBM TRIRIGA Energy Optimization product overview
Select the right lease accounting software
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Facilities Management Resources
Whitepaper: C-Suite Guide to the New Lease Accounting Standard
Video: Smarter Rebuilding in New Orleans