News, views and industry trends
Fixed assets and component accounting in social housing
If you’ve not already been put off by the title of this piece, you may well be a finance person rather than an asset management or IT person. It’s a sad truth that, for asset managers, component accounting is often an inconvenience they would rather …
6 ways effective facilities management can reduce costs
Facilities management services support an organisation in a number of ways. Whether it’s keeping executives up-to-speed on the leases, rents and rates of their property portfolio, guiding the course of projects from start-to-finish, or making sure em…
Property management accounting: Beginner’s guide
Whether you’re running a business or managing a personal portfolio of properties, managing the books is a critical part of property management. Property management accounting has many similarities to general accounting. One of the key differences, ho…
What are the advantages of planned preventative maintenance?
Discover how planning maintenance schedules in advance can maximise the efficiency and longevity of assets across your facilities. Proactive is a powerful word – one that many modern organisations aspire to be. It showcases their ability to thin…
What are the core functions of facilities management?
Behind the growth and development of many businesses are a variety of facilities management functions. These activities ensure companies stay up-and-running, key processes are established and maintained, and that staff are always working in an optima…
5 questions FM service providers must ask before investing in a CAFM system
In the fast-paced world of facilities management, staying ahead of the curve is essential for service providers to maintain a competitive edge. With the rise of technology and automation, investing in a Computer-Aided Facility Management (CAFM) syste…
Maintenance management strategies: The 4 main types & when to use them
There are 4 key types of maintenance management strategies including run-to-failure maintenance, preventive maintenance, predictive maintenance, and reliability-centered maintenance. These maintenance management strategies can be used together, or in…
An introduction to CAFM systems
As the responsibilities of FM professionals become far more exhaustive and challenging, CAFM has become an integral support in their ability to perform their duties efficiently and effectively. A new world of opportunity This technology has opened u…