Real Estate Technology: Aside from the information in the Gartner reports, what are the pros & cons of commercially available Integrated Workplace Management Systems (IWMS) and which vendors do you expect to become leaders in the space?
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Answer:
Integrated Workplace Management Systems (IWMS) can be a game changer for facility and real estate managers. Many modern IWMSs gather vital information that used to be scattered across different systems and put it all into one place. Real estate modules provide a centralized database of information about buildings (like size, value, condition, function, occupancy, and costs) as well as an easy way to manage leases. Here are some more pros, as well as some cons. Pros: Centralizing information in a database: By automatically sharing information across integrated modules, managers can more efficiently do their jobs and reduce the margin of human error. Optimizing space and resources. Reducing energy usage: It makes sense that once you monitor and analyze the energy efficiency of your facilities, youâll be able to easily identify opportunities that are friendly to your budget and the planet as well. Cons: Depending on your market, you may not need something as robust as IWMS. Itâs better suited for real estate managers who oversee multiple leases. On a similar note, if you donât need any other applications (facilities management, maintenance management, capital project management, and environmental sustainability) that come with IWMS, it may be overkill. Nothing is worse than investing in a whole suite when you only really use one part of it. There are some big names in the market (http://www.softwareadvice.com/cafm/primavera-fm-profile/?utm_medium=community_amp&utm_source=quora_comm&utm_campaign=prod&utm_content=primavera_fm_profile_2_25_2016_1 and http://www.softwareadvice.com/resources/improve-service-provider-efficiency-with-gps/?utm_medium=community_amp&utm_source=quora_comm&utm_campaign=report&utm_content=tririga_IBM_profile_2_25_2016_1 are popular choices), but that doesnât necessarily mean they are always going to be the best solution for your companyâs unique needs. If you manage more than 20 properties, http://www.softwareadvice.com/cafm/visual-lease-profile/?layout=var_g0%3Futm_medium%3Dcommunity_amp&utm_source=quora_comm&utm_campaign=prod&utm_content=visuallease_profile_2_25_2016_1 is a highly rated solution. It has a rating 4.8 out of 5 stars from user reviews, and people seem to especially like the intuitive interface and highly customizable reporting. Hope this helps to answer your question. My company, Software Advice, provides user reviews and product demos, so our IWMS page would be a great place to start your search: http://www.softwareadvice.com/cafm/iwms-comparison/?utm_medium=community_amp&utm_source=quora_comm&utm_campaign=mkt_cat&utm_content=iwms_market_2_25_2016_1
Caroline Gormley at Quora Visit the source
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