Reduce Exposure by Increasing Visibility:During the recent real estate market boom, when revenues from rent were at an all time high and portfolio values were skyrocketing, property managers sought out facilities operations management systems because of their revenue generating capacity – better facility operations meant premium rents and fewer vacancies. Today the real estate market has changed and businesses who have already implemented enterprise level facilities operations management systems are now discovering the benefits they produce during the down-side of a boom. Data Drives Decision Making:Managers and owners who have visibility into their facilities operations can make better business decisions through better information.
Better information enables organizations to weather current market conditions while placing them in a superior position for when the market turns around. They provide: - Instant insight into facilities operation across the entire portfolio
- Information to help clearly differentiate between high perfoming and under performing operations
- Total visibility into staffing needs and where to reallocate resources
- Critical data that allows owners and managers to reprioritize capital expenditures based on factors that improve the bottom line
- A system capable of driving down the cost of occupancy, maintenance expenditures, and time to close open orders
- The capacity to utilize the facilities management system as a hub in the overall integrated data management architecture
The Right Choice is the Enterprise Solution:Many organizations have some form of facilities management system which offer one size fits all software with limited functionality and scalability that does not support integration into other critical systems. To achieve all of the benefits of an enterprise level facilities operations management system your solution should: - Be tailored to meet your specific needs, not be one size fits all
- Be easy to use and accessable, driving usage and collecting better data
- Reduce your staffing overheand and administration cost, not require additional man power to operate the system
Real World Example:A top tier commerial real estate owner/manager with 8 million sq ft of commercial office space and an average building size of 184,000 square feet implemented an enterprise level system in nine of it's buidlings located throughout a large geographic area. Year-over-Year ROI:
- Total hard dollar revenue increase of $279,000
- Increase in revenues including the capture of more billable service activities of $160,000 - Reduced direct staffing by a factor of 0.6 employees and reduced overall pass-through staffing by one full-time employee resulting in a savings of $119,000
- 2006 total cost of implementation $24,846
- Year-over-Year ROI increased by 180%*
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