VFA.spendManager® Provides On-demand Spending Reconciliation of More Than $50 Million Across 15 Funding Sources in the United States Department of Defense Agency

BOSTON – July 13, 2010 – VFA, Inc., the leading provider of end-to-end solutions for facilities capital planning and spend management, today announced that the Armed Forces Medical Examiner Systems, a component of the Armed Forces Institute of Pathology (AFIP), has selected VFA.spendManager® to automate and manage the capital budget process. VFA.spendManager® will provide real-time data visibility and on-demand spending reconciliation of more than $50 million across 15 funding sources. AFIP is the Department of Defense entity that provides pathology consultation, education and research services to the military.

A lack of standardization in budget-related data makes it difficult for federal agencies to aggregate and track information across multiple funding sources. Providing enhanced control of capital planning and spending, VFA.spendManager® is helping three AFIP groups to improve efficiencies and increase the visibility of the expenditures across the organization, as well as to ensure that capital is being optimized and accurately accounting for how capital is managed and spent. Able to interface with the organization’s existing software and inventory systems, VFA.spendManager® now generates detailed reports across multiple funding sources for improved business intelligence reporting and analysis.

“VFA has helped numerous federal organizations to optimize their investments,” said Jerry Kokos, president and CEO, VFA, Inc. “The AFIP’s adoption of VFA.spendManager validates the solution’s core budget creation and management benefits—sending a clear message that government organizations are ready to implement solutions to optimize capital budgets and spending.”

New Features in VFA.facility® 9.5 Help Corporate, Education, Government and Healthcare Facilities to Prioritize Funding Decisions on “Green” Projects

BOSTON – July 12, 2010 VFA, Inc., the leading provider of end-to-end solutions for facilities capital planning and asset management, today announced the release of version 9.5 of its flagship software product, VFA.facility®, in the United States and Canada. This latest version enhances the green functionality of the software, making it easier for facility managers to identify new opportunities for increasing energy efficiency and water conservation within their building portfolios.

VFA.facility® provides a central database of facilities information along with sophisticated tools for capital planning and budgeting. The new features in version 9.5 make it easier for organizations to develop more robust budget strategies to help align sustainability with organizational objectives. Now, after establishing an initial baseline of energy and water utilization, these organizations will be able to track water and energy usage within their facilities, as well as compare costs of sustainable options with conventional solutions to inform capital planning decisions and help to prioritize funding decisions.

“VFA helps organizations plan, budget and fund sustainability projects within the context of facility capital planning,” said Susan Irving, director of product marketing at VFA. “Utility performance tracking in the new release of VFA.facility® enables customers to better understand which initiatives will assist them in meeting their goals.”

Facility Management Journal

FMLink

Ground-breaking new service offered by Jones Lang LaSalle on a technology platform powered by VFA.facility® and VFA.auditor®

Chicago, IL – June 21, 2010 – Jones Lang LaSalle has introduced a new service that allows corporations to conduct comprehensive real estate capital planning, enabling detailed insight into large portfolios coupled with powerful decision support analysis. The Life Cycle Asset Management (LCAM) service determines the condition of assets, prioritizes divergent capital needs, examines capital funding strategies, matches needs to funding, and monitors the progress of capital projects.

Built on VFA’s proven technology platforms, VFA.facility® and VFA.auditor®, LCAM starts with the review of individual assets and the portfolio as a whole with regard to required maintenance and the short- and long-term impact of deferring maintenance. For corporate real estate departments with a pre-determined annual capital budget, LCAM enables teams to focus on the highest priority projects. In other cases, LCAM may be invaluable in advising companies as to the optimal level of capital budget to meet critical goals.

“There is strong demand among corporate real estate directors for a way to identify capital project priorities over the course of several years, to ensure that annual capital budgets are used effectively and to provide guidance to senior management in regard to future budget needs,” says Bob Holtz, Vice President, Strategic Consulting. “Life Cycle Asset Management dramatically enhances transparency into total costs of current and potential projects—and in some cases, the cost of taking no action.”

How it works:
Using the VFA platforms in concert with its own technology systems, Jones Lang LaSalle professionals compare each asset’s age and condition to the assets replacement cost. The result is a Facility Condition Index (FCI) score that enables condition comparisons across a portfolio. The embedded project prioritization matrix aligns to each client’s strategic objectives and streamlines capital prioritization across the portfolio. Capital projects resulting from a range of triggering factors including asset uptime, fire/life safety issues, aesthetics as well as standard equipment renewal can now be prioritized together.

“Life Cycle Asset Management provides a streamlined system for performing sophisticated scenario planning across a large portfolio,” says Vivian Mumaw, International Director at Jones Lang LaSalle. “Different scenarios provide well-informed insight into the level of capital required to meet objectives, as well as the impact on portfolio operations if there is a shortfall of capital.”

Jerry Kokos, President and CEO of VFA, Inc., states, “VFA is pleased to power the Life Cycle Asset Management service offered by a leading worldwide comprehensive facilities management services firm; Jones Lang LaSalle clients will realize significant benefits in real estate portfolio planning and management.”

Benefits of LCAM include:

  • Visibility and tracking of capital requirements at the level of individual building system, complete facilities and across entire portfolios
  • Automatic calculation of data in accordance with the Building Owners and Managers Association’s (BOMA) “useful life” measure and RS-Means cost estimating.
  • Prioritization of capital requirements and projects aligned with strategic objectives.
  • Capital funding scenario planning and a comprehensive reporting package.

Facilities Management Journal (UK)

The British Journal of Healthcare Computing & Information Management (UK)