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What is Facility Management Software (CAFM) and Why Do You Need It?

2022-10-10
5 min
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Technology has infiltrated every aspect of our lives, and the realestate industry is no exception. In fact, many would say that propertymanagement is one area where technology has made the biggest impact. There arenow a number of software options available to property managers that help withalmost every task involved in property management. But what is facilitymanagement software (or CAFM), and why do you need it?


What is facility management?

Facility management software (FM software) is a type of software thathelps organizations manage their facilities. It can help with tasks such asfacility planning, tracking facility maintenance and repairs, managinginventory, and more. CAFM, or computer-aided facility management is a subset offacility management software that specializes in helping organizations plan andmanage their facility assets.


The benefits of facility management software

There are many benefits that facility managementsoftware can bring to an organization. The most obvious benefit is that itcan help save time and money by automating facility-related tasks. For example,if you are tracking inventory levels manually, switching to a facilitymanagement software with an inventory management module can help you automatethe task and free up your time for other tasks. In addition, facilitymanagement software can help you improve communication and collaboration withinyour organization. For example, if you have a maintenance request system inplace, everyone in the organization will be able to see the status of therequest and provide updates as needed.


What are the key features of good facility management software thatyou should look for when making a purchase decision?

When choosing a facility management software for your organization,there are a few key features you should keep in mind. First, the softwareshould be easy to use and intuitive. A facility management software that is toocomplicated, and not going to be used is not worth the investment. Second, thesoftware should be able to integrate with other systems you are using, such asyour accounting software or your property management software. This will makeit easier to manage all of your facility-related data in one place. Finally,you may want to make sure the software is scalable, so that it can grow withyour organization as your needs change.

The cost of facility management software will vary depending on the featuresand functionality you need. When considering the cost, it is important to keepin mind the potential return on investment (ROI) that the software can provide.For example, if the software saves you just one hour of work per week, it willquickly pay for itself.


Who should be responsible for installing and maintaining the facilitymanagement software?

There's no right or wrong answer when it comes to who should beresponsible for facility management software in your organization. However,it's important to make sure that the person or team responsible for thesoftware is properly trained on how to use it and is available to answer anyquestions that users may have. In addition, you'll want to make sure that theperson or team responsible for the software understands your organization'sfacility-related goals and needs.


What other factors you should consider before making a decision aboutpurchasing facility management software?

As with any major purchase, there are a few other factors you may wantto consider before making a decision about facility management software. First,you will want to make sure that the software is compatible with yourorganization's existing systems and infrastructure. Second, you may want tothink about whether you need a cloud-based or on-premises solution. Finally,you will want to consider the vendor's reputation and customer supportofferings.

Facility management software can help you manage your business moreefficiently and improve your bottom-line profits. Be sure to consider the keyfeatures of good facility management software and how it can benefit yourorganization before making your purchase decision. The team at RealCube is hereto help you make the best purchase decision for your business. Request aconsultation today to get started.

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