There’s a new IWMS model that can leverage existing
investments and better support the workplace
of the future.
Is the Integrated Workplace Management System (IWMS) right for the modern workplace? Today’s workplace has new requirements that have pushed the boundaries of what the workplace management tools and practices of yesterday can support. There’s a new IWMS model that can leverage existing investments and better support the workplace of the future.
Hi, my name is Simon Davis, Vice president of Business Development with Serraview. As an 18-year veteran in the corporate real estate technology world, I am often asked the question about what I feel is the impact of the integrated workplace management system (or IWMS) in today’s environment.
To give you a bit of history, IWMS systems were developed in the late 90s and early 2000s to help corporate real estate executives manage both the operational and strategic elements of their portfolio.
The integrated workplace management system had a great foundational basis. As needs have changed over the years, IWMS has exploded into a much larger entity.
In 2005 or so, sustainability was added as another discipline.
Very recently the requirements of FASB 13 lease accounting change rules have meant considerable development has been required across all integrated workplace management system vendors.
The success of the integrated workplace management system unfortunately has caused issues when it comes to their ability to develop and serve the traditional tenants of IWMS on a long term basis.
Michael Bell, who is one of the original founders of the concept IWMS, issued a paper recently called IWMS 2.0 where he talks about the power of using multiple different stand-alone systems integrated through common APIs in order to achieve true best of breed capabilities across multiple service needs.
The benefits of these applications are that they can really truly focus on their core components. Applications such as Serraview being entirely space management focused mean that you have the ability to ensure that the capabilities and functionality are continually being developed and evolved.
New technologies are built on an almost daily basis that can help you manage your portfolios.
That 100% focus on space means that your systems are continually evolving and it means that you are getting better information and data from which to make those strategic decisions.
Systems such as Serraview are also built purposefully for today’s environment. In an agile world, which many companies are moving towards, you do have a need to be able to manage not just a one to one relationship of employees to seats, but one to many across multiple different disciplines, enabling your employees to work in environments that serve them better.
Employees wish to work how they want, where they want and when they want and an agile environment supported by a Serraview system can enable that very very quickly indeed.
That’s not to say that the integrated workplace management system as a concept is dead, but I certainly feel that IWMS systems are now getting better leverage by plugging into modern systems including Serraview.
I really appreciate you taking the time to listen to my video blog. If you have any questions, please reach out to the Serraview team through either LinkedIn, Facebook or Twitter using #AskSerraview.
Thank you very much.