VFA Announces
Release of VFA.facility 7 for Expert Capital Planning
Industry-leading Software Sets Standard for Accuracy and Efficiency
in Facilities Capital Planning and Management
Boston, MA and NFM&T Conf./Expo, Baltimore, MD - March 7, 2006 - VFA®, Inc., the leading provider of software and services for facilities capital planning and asset management, today announced the release of version 7 of VFA.facility®. VFA.facility 7 includes enhancements designed to assist capital planners, facility managers and financial executives in expertly managing their capital assets and forecasting maintenance, renewal and capital spending requirements. VFA also announced the availability of VFA.auditor™, a new software product which guides non-expert personnel in collecting information about facility condition across a portfolio.
"VFA has worked closely with its customers to identify and deliver the key capabilities they need to optimize their capital planning processes," said Melanie Ziegler, Vice President of Software Development for VFA. "VFA.facility 7 puts highly sophisticated tools in the hands of facility managers and capital planners to model costs, conduct what-if planning, prioritize projects, and create defensible long-term capital budgets."
Edwin Bybee, Facility Assessment Project Manager for the State of Missouri notes, "VFA.facility 7 allows State employees to easily create customized views into Missouri's facility portfolio based on their specific responsibilities and interests, increasing the system's ease of use and relevance for them. Using the industry-standard lifecycle and cost data in VFA.facility 7, we can compare our asset costs and lifecycles to industry benchmarks with the click of a button, and improve the accuracy of our estimates." The State of Missouri currently uses VFA software to manage facility information and support capital planning for a wide range of state-owned facilities.
New features in VFA.facility 7 focus on enabling expert capital planning with enhancements that simplify the budgeting process, support more flexible project planning, and increase ease-of-use.
- Powerful cost model template libraries streamline the budgeting process.
- Built-in industry-standard cost and lifecycle data ensure accuracy and objectivity of system renewal projections.
- Lifecycle modeling capabilities allow organizations to define their optimal approach for estimating renewal costs and timelines.
- Enhanced planning capabilities let customers rapidly create and evaluate capital projects.
- Interface enhancements give planners greater control of their view into capital asset information.
"The new release of VFA.facility and the introduction of VFA.auditor clearly establish our product suite with the best-in-class capabilities our customers expect from VFA," said Jerry Kokos, President and CEO of VFA, Inc. "We will continue to enhance the software we offer to provide customers the range of tools and capabilities they need to expertly manage their capital assets."
About VFA
Headquartered in Boston, VFA, Inc. is the leading provider of software and services for facilities management and capital planning. VFA’s Capital Planning and Management Solution (CPMS™) uniquely combines condition assessment services, Web-based decision support software and business consulting services to enable clients to achieve their missions by optimizing investments in facilities and infrastructure. VFA helps over 275 organizations to strategically manage almost two billion square feet of real estate, including clients in education, federal, state and local government, healthcare and corporate markets. For more information, please call 800-693-3132 or visit http://www.vfa.com.
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