BBC Spaces & Places
Facilities Management Journal (UK)
Helps Multi-national Corporations and Government Organisations to Reduce Capital Spending
Reading, U.K.—October 5, 2009 – VFA, Ltd., the leading provider of end-to-end solutions for facilities capital planning and spend management, today announced ongoing adoption of its capital management software and facility audit services in the United Kingdom. VFA’s flagship software product, VFA.facility®, and its self-assessment solution, VFA.auditor®, are helping U.K. clients to better understand the conditions and requirements of their real estate assets, evaluate the impact of potential changes to their portfolios, and optimise their capital investments in facilities.
The current economic landscape has brought on widespread budget constraints in the U.K., changing the focus of facility managers to extending the life of existing buildings rather than building new ones. To optimally manage building assets, organisations need to understand how each asset supports strategic business objectives in order to effectively direct capital investments.
An increasing number of U.K. organisations, including multi-national corporations and government organisations, are now looking to VFA to determine the current condition of facilities, the backlog of deferred maintenance, and upcoming renewal requirements so that they may create the foundation for a long-term capital plan. Available now, VFA.facility provides a central source of facilities information that forms the basis for portfolio-wide capital planning and budgeting, while VFA.auditor helps organisations to quickly and cost-effectively capture key data about their facility portfolios using a Web-based survey platform.
“Successful capital plans—and their effective execution—enable organisations to reduce both risk and cost, provide facilities that are less expensive to operate, promote a better working environment, and better serve the overall organisational goals and objectives,” said Bonnie McLellan, vice president/director of global strategic accounts at VFA, Ltd. “Even with vast and complex real estate portfolios, VFA is making it possible to strategically manage every stage of the capital asset lifecycle—from requirements gathering and long-term planning to capital budget development and, ultimately, alignment of facilities with strategic organizational goals.”
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