Increased uncertainty related to inflation and the economic toll of the ongoing COVID-19 pandemic, now more than ever, it is vital that business owners and operators employ a strategic capital planning program. This enables facilities teams to accurately quantify the funds they need to achieve strategic capital planning objectives aligned with forecasted financial performance.
5 surprising reasons why software improves facility capital planning
Facilities are arguably the most valuable asset for a business operator or owner. Nevertheless, developing long-term facility capital plans upon which key stakeholders can depend is an ongoing challenge for facilities managers.
This blog discusses the top five reasons why software improves facility capital planning.
1. Leave spreadsheets in the dust
Commonly, facility condition assessment reports are lengthy, annoying excel spreadsheets requiring laborious digging before it's possible to locate the critical information needed to produce a justifiable capital plan.
The FOUNDATION Solution is the best Facility Condition Assessment software solution. It provides Facility Managers at all levels with an efficient way to input, store, and review building inspection data across multiple devices, such as mobile devices, laptops and desktops.
Dynamic checklists make it painless to visually comprehend and prioritize facility and physical asset needs based on a configurable scoring system. This enables Facilities teams to make justifiable business cases, project justifications, investment analysis reports, and more.
2. Capital planning gets smart
Managing multiple college and university building sites while juggling various stakeholders across networks is more complicated than ever. Often there is a lack of flexibility in optimizing future funding expenditures.
Our Facility Condition Assessment software uses advanced algorithms to help make it even easier to justify your renewal needs, obtain funding, and maintain a balanced facility condition index across the entire organization while seamlessly keeping stakeholders up-to-date. Additionally, you can create unlimited funding scenarios based on accurate data, enabling more intelligent decision-making overall.
3. Ease into end-to-end automation
Tracking the assets via spreadsheets and manual analysis can be extremely daunting and time-consuming, especially for a business with physical assets in multiple locations.
Our FOUNDATION Solution is a mobile-native, cloud-based platform that makes it easy to sort through vast data points and gain new insights. With its automated recommendation engine, FOUNDATION tracks usage patterns of physical assets. It makes asset-lifecycle predictions to find links that are not readily visible to the human eye so that you can solve problems well before they mushroom and ultimately improve the lives of the people who use the facilities and infrastructure you manage.
Our automated Facility Condition Assessment software allows you to manage and track assets spread across various locations easily. This feature enables you to track the progress of all the critical equipment across your entire building portfolio: useful life, current health status, renewal date, and much more. In addition, this gives you the power to benchmark and compare your assets' condition in real-time.
4. Data at your fingertips at the inspection site
Information on demand, when and where you need it? That's the top benefit of using mobile-first facility condition assessment and capital planning software to access data your facilities team has collected about your organization's buildings and physical assets.
Mobile data-collection technology empowers facility managers in many ways, including managing work process flows, tracking physical assets, and supervising building facilities. In addition, mobile tech helps facilities managers to communicate, collaborate, and manage workloads more efficiently.
5. Preventive maintenance backed by data science
Preventive maintenance is critical for optimal operational conditions for your organization's physical assets. This typically involves regular inspections to detect and correct defaults and repair deficiencies before a breakdown occurs.
Data is critical in helping facility managers determine the best approach to motivating supervisors and technicians to stay on track with a high-functioning preventative maintenance program.
With The FOUNDATION Solution, you can streamline every aspect of your preventive maintenance program, including development, scheduling, and tracking, preventing future failures and reducing overall downtime. Over time this will increase your profits by cutting maintenance costs.
Why Intellis and the FOUNDATION Solution?
- Ditch the digital cameras and quickly snap photos in the field using a mobile device that uploads directly into our cloud-based platform.
- Say goodbye to excel spreadsheets and hello to the digital age with our dynamic checklists that let you input, store and review data from a mobile device.
- Drop the complex condition assessment process and simplify it with our FOUNDATION software.
Talk to us directly! Book a demo to discover the benefits of implementing software for strategic facility capital planning.