TRIRIGA Workplace Performance Management Real Estate
Real estate assets today comprise up to 67% of an organization's balance sheet and millions of dollars in capital investments. Because of the magnitude of investments involved, CFOs and senior executives increasingly view real estate as a strategic asset, and an area of opportunity that, if managed well, can improve an organization's overall financial performance.
Right-Size Real Estate Portfolio with TRIRIGA Workplace Performance Management Real Estate
TRIRIGA Workplace Performance Management Real Estate (WPM Real Estate), a performance management system for mid-size and large organizations, specifically targets and measures performance of the real estate portfolio. TRIRIGA WPM Real Estate enables organizations to meet business requirements while delivering the right financial performance to the organization, i.e., right-sizing the real estate portfolio. By optimally balancing return on assets, business alignment, and portfolio flexibility, TRIRIGA WPM Real Estate unlocks the opportunity for organizations to yield as much as hundreds of millions of dollars in cash flow, and to increase return on assets by as much as 3 to 5%.
A Right-Sized Portfolio Increases Return On Assets
The Real Estate organization needs to effectively align with the business units they serve, meeting their needs for growth, expansion, contraction and overall cost and financial performance targets. TRIRIGA WPM Real Estate:- Calculates portfolio flexibility by measuring portfolio ownership, availability and under-utilized locations
- Detects poor-performing locations by measuring real estate costs by area, seat and person
- Identifies underutilized locations by detecting excess capacity, under-charged locations and low occupancy rates
Improved Transaction Process Increases Resource Productivity
Real Estate executives need to meet the organization's expectations for financial performance. This includes realizing the right return on assets and taking actions (e.g. acquiring, sub-leasing, or selling properties) in order to improve financial performance. TRIRIGA WPM Real Estate:- Evaluates health of project schedules to ensure on-time completion of real estate transactions
- Analyzes and determines best overall alternatives for real estate asset locations and transactions
- Measures service effectiveness of the real estate organization to improve service costs, service delivery and real estate condition
Improved Cost Management Reduces Real Estate Expenses
Real Estate executives must ensure efficient management of leases, including making on-time payments and administering legal rights within clauses to maximize cost savings. TRIRIGA WPM Real Estate:- Measures on-time payment savings from audits to improve payment processing and reduce real estate expenses
- Monitors active lease options, detects lease expirations and identifies underperforming locations to reduce real estate costs
- Calculates aging receivables and detects potential late payments to improve receivables performance and increase cash flow
To find out more about how TRIRIGA Workplace Performance Management Enterprise improves the bottom-line, contact an expert at (702) 932-4444.