If you were to narrow down the two biggest priorities for executives and managers today (regardless of industry), improving productivity and reducing costs would be major candidates. Both of these involve efficiency. They both also require adaptability. If you’ve been holding on to more inefficient processes for managing your portfolio of leases (like spreadsheets and strictly defined departments), you’re missing out on great opportunities to improve your efficiency.
Integrated Workplace Management Systems (IWMS) are a modern solution that can increase flexibility, efficiency and transparency for your CRE business. These are also sometimes called computer-aided facility management (CAFM)—or simply CRE software—but one thing’s for certain: they have tremendous benefits. Let’s take a closer look at four of them:
1. Flexibility
Software is only beneficial if it is flexible enough to meet your needs. Other solutions may provide a “one-size-fits-all” approach, but the right IWMS is tailored to you and your business. As such, it can be customized to complement your process workflows, portfolio size, team structure and more. It can even help with strategic planning and forecasting.
2. Efficiency
The efficiency benefits here are two-fold: you enjoy more streamlined processes for your facilities and you make more efficient use of the physical space as well. For the former, an IWMS can streamline the processes for everything from asset management and facility operations to strategic planning and project management. For the latter, you can visualize your spaces better to see opportunities for efficiency improvements.
3. Transparency
The only thing better than a clear view of what is going on in your business? A clear view with real-time updates. The right IWMS will give you transparency from the ground up. So whether you want a consolidated look at data for all your facilities or you want to dive deeper into granulated information like asset allocation for a specific building, an IWMS can help you get the insights you need faster and more accurately than other methods.
4. Accuracy
Speaking of accuracy, working with a software team that also provides key services will make implementation and data entry a breeze. They know the ins and outs of the software and will work to understand your needs, which means you’re safe from data entry errors. You can make reliable decisions, because you can trust that your data is accurate.
If you’re considering adopting an IWMS for your business, why not give Quarem a try? Request a demo of our tool today.
