Integrated Workplace Management System
The Integrated Workplace Management System (IWMS) software, commonly known as IWMS, is part of a new generation of solutions for workplace Facility Management (FM) tasks and it is a software application that aids facilities managers, corporate real estate experts and other workplace leaders in performing critical duties that keep their buildings running and their employees engaged. Real estate and facility management expenses typically account for more than 20% of a company's overall operating expenses. Therefore IWMS enable executives and managers to drastically reduce real estate and facility costs while simultaneously increasing corporate productivity. However there are five pillars include in integrated workplace management System. Those are,
- Space and facilities management
- Real estate management and lease accounting
- Maintenance management
- Capital project management
- Sustainability and energy management
Space and facilities management
Creating interesting, productive and cost-effective workplaces requires the capacity to visualize and manage space. As a result of this, space management software become heart of all facility management. As well as to give real-time data on occupancy, the best space management software collects data from a variety of sources, including Internet of Things (IoT) sensors.
Real estate management and lease accounting
Real estate managers can use IWMS software to keep all necessary information in a single digital platform, allowing them to visualize every space and asset in their portfolio and give lease accounting information on demand. Whether its space management, asset management, or move management, multiple departments can monitor and adapt business operations using an IWMS.
Maintenance management
Facility managers require maintenance management software to maintain the safety and comfort of building occupants while also extending the useful life of assets. This is an important feature of IWMS software since it cause to facility managers and workplace leaders to handle service requests, prioritize preventative maintenance, and track expenditures.
Capital project management
Property owners, operators, and construction managers can use capital project management software to keep record of all the paperwork involved in construction projects, such as designs, bids, expenses, and schedules. As well as having all of this data readily available and accessible on a digital platform enhances transparency and efficiency among numerous parties. As well as biggest benefit of using an IWMS for capital project management is that all of the tools are maintained on the same platform and all of the data is accessible.
Sustainability and energy management
Facilities managers understand the importance of becoming better environmental stewards by lowering energy usage and utilizing alternative energy sources where possible. IWMS Software allows an organization to make the most of all of its resources and assets by utilizing an integrated software platform that allows information to be shared. As well as One of the advantages of using IWMS Software is that it helps an organization to track their energy usage and other energy-related costs in order to find areas where they are generating more waste.
However when considering about the difference between CAFM and IWMS, CAFM is more of a facility space planning tool that can track space utilization and asset management and CAFM software may be sufficient if organization only needs to investigate ways to optimize space, plan and execute the usage of the space and track preventative maintenance. But IWMS is support all aspects of facility management like energy management, construction, management, lease management, and project management.