AssetWorks Blog

How Space Management Completes the IWMS Vision

Written by Steve Hanes | Oct 22, 2020 2:55:36 PM

IWMS represents the seamless integration of five core functional pillars sometimes referred to as “ERP for everything else.”

The comparison with ERP isn’t spurious; IWMS manages your organization’s second-largest balance sheet item: your facilities and real estate portfolio.

Space management completes the vision of IWMS by offering support in four key areas:.

  1. It provides visibility, offering a window into space utilization and associated costs and their effect on capital programs.

  2. It fosters accountability by proving a complete record of all space data and associate costs.

  3. It promotes transparency by providing instant access to baseline reporting and shared access to space data across the organization.

  4. It spurs optimization and generates CASH through more efficient utilization of space and aggressive cost recovery.

Space management is the lynchpin in any organization’s IWMS strategy.

It provides a comprehensive solution that complements the other functional pillars of an IWMS.

Space management supports:

  • Facilities and space utilization analytics
  • “What if” utilization scenario planning, move management
  • Organization occupancy analysis
  • CAD integration
  • Indirect cost recovery and a host of other capabilities

Experience tells us the benefits of implementing a space management system as part of a comprehensive IWMS deployment far outweigh any challenges that crop up along the way.

To learn more about space management for your facility, check out our latest white paper - "Making the Case for Space Management."