How can capital planning be easier, more efficient, and more effective?
The answer is clear: implement capital planning software. The FOUNDATION solution by Intellis is a fully configurable enterprise platform. It is designed to help you manage facilities, mitigate risk, enhance efficiency, and enable you to make smarter, more strategic decisions.
This means you can improve capital planning and strategically maintain and invest in physical assets across your entire building portfolio.
What is Capital Planning?
Capital Planning is the process of distributing funds for future projects as a part of the company's long-term plans.
The International Facility Management Association (IFMA) defines capital planning as a strategic facility plan (SFP) encompassing "an entire portfolio of owned and/or leased space that sets strategic facility goals based on the organization's strategic (business) objectives. The strategic facilities goals, in turn, determine short-term tactical plans, including prioritization of, and funding for, annual facility projects."
Why is Capital Planning important?
Capital planning is essential because it allows facility managers to pinpoint immediate expenditures and forecast future costs. In addition, it gives you a clear picture of how your institution can maximize its funding for building and infrastructure maintenance and improvement.
Why do you need Capital Planning Software?
You need capital planning software because it enables you to analyze data from a Facility Condition Assessment to develop strategic capital plans for your institution.
With capital planning software, it is possible to streamline reporting for the entire useful lifecycle of all building and facility assets. You can model asset purchases budget projects, and strategically develop long-range plans.
Smarter Capital Planning with Intellis
Facilities condition assessment (FCA) was traditionally thought to be the best way to understand the magnitude of a facility's needs. Now is the time to take Facility Condition Assessment to the next level.
Working with Intellis enables you to develop a custom capital plan that aligns with your mission and adapts to your needs.
Here's what you can expect with Strategic Capital Planning with Intellis:
- First, save an average of 3+ hours per week by removing the need for data entry.
- Increase budget funding by 60% or more on capital planning projects.
- Finally, cut spending by half on your annual Facility Condition Assessment.
Say goodbye to complicated excel spreadsheets. And hello to the digital age with cloud-based software for more thoughtful, more efficient facility condition assessments and capital planning so that you can focus on the long-term success of your facilities.
Are you ready? Schedule a demo with our team to learn more!