Cut Costs and Thrive in 2010
Today, more than ever, organizations need to find ways to not only survive, but thrive. Accruent provides solutions that deliver rapid results and significant impact. We’ll help you Play to Win in 2010. Watch the movie to learn more.
Accruent Can Help
Real Estate Performance Management
The Accruent Solution integrates all real estate information and processes to help organizations with locations in covered malls, strip malls, lifestyle centers, kiosks, etc. right-size their store portfolio and provide the clarity and control needed to reduce construction, occupancy and facilities expenses.
Enterprise Facility Management
Accruent’s enterprise-class EFM solution, FAMIS, helps educational institutions manage their facilities as significant sources of operating efficiency through optimization of space and control of expenses.
Accruent customers consistently achieve their financial and business performance goals through control of the major capital and expense flows associated with their global real estate and facilities portfolios.
IWMS Whitepaper
Leading Companies Turn to IWMS to Rein in Real Estate, Facilities Costs
The tightening of the credit markets and the downshift of the U.S. economy has sharpened many a senior executive’s focus for creative cost control. Innovative organizations are meeting the challenge by setting their sights on the second largest expense item on their income statement – real estate and facilities operations.
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Industry Articles
General
The Economist: Surviving the Slump: A special report on business in America
The Economist, May 30 2009
A special report on business in America including an interview with Mark Friedman, Accruent's CEO.
Retail
Charming Shoppes “Ferociously” Works on Rent Breaks
GlobeSt.Com Retail, May 28, 2009, Ian Ritter
Read how Accruent’s customer Charming Shoppes, is actively seeking rent reductions from its landlords.
Big retail chains seeking rent cuts from landlords
Atlanta Business Chronicle – June 1, 2009
Retailers like Starbucks Corp., Blockbuster Inc., Zale Corp. and Pier 1 Imports are asking U.S. landlords for rent reductions of up to 25 percent for some of their stores.
Williams-Sonoma Still Seeking Rent Reductions
GlobeSt.com – Brian K. Miller, June 4, 2009
Williams-Sonoma continues to negotiate with landlords to lower its fixed occupancy expenses. Company executives told analysts that the company is being “aggressive” in that regard.
Quiznos helps franchisees take a bite out of expenses (5/13)
In an era of declining property values, many retailers are seeing a new-found willingness on the part of landlords to give them a good deal.
Higher Education
Campus Facilities, IT limit spending to meet cuts
Missourian, February 18, 2009, Bryan Richardson
Campus Facilities took the biggest hit in terms of percentages this month when MU administrators targeted cuts for non-payroll expenses.
Campus leaders cut budget by 5 % as more potential reductions loom
UCLA Today, Jun 08, 2009, Cynthia Lee
UCLA's senior leaders are taking steps to cut 5 percent from their general fund budgets, knowing that there is a likelihood of more cuts to come as state leaders grapple with the prospect of running out of cash by the end of July.
Corporate
10 Ways to Reduce Costs Immediately
IWMSnews.com – May 25, 2009
In most cases cost reduction programs focus on the organization's staff, which contributes to the destruction of knowledge capital. Instead of destroying human capital, strategic cost reduction in Facilities Management and Corporate Real Estate could potentially save millions of dollars overnight.
40 ways to reduce occupancy cost/ risk in 2009
Ohio Real Estate Blog, December 31, 2008, Stephen D. Richman, Esq.
December 31, 2008
Negotiating Tip for Commercial Tenants
Play to Win Series
Strategic Playbooks
For Retail:
Lease Restructuring: Retail Tenants Seize Opportunity to Save Millions in Occupancy Costs
This step-by-step guide will show you precisely how to leverage the “tenant’s market” to restructure key lease terms and transform your retail real estate portfolio from a financial liability into the single greatest opportunity for savings.
For Higher Education:
Campus Facilities: Raising Standards While Lowering Costs
This step-by-step guide reveals how you can dramatically improve performance and protect the financial health of your institution by unifying FAMIS™ and SunGard Higher Education's Banner® Unified Digital Campus (Banner) your facilities and financial systems of record.
Greening Existing Buildings and Facility Operations on Campus
Enterprise Solutions Facilitate LEED Certification and Sustainability Success.
For the Corporate Sector
Lease Audits: Putting an End to Excessive Occupancy Costs
Strategic Cost Savings Guide for Corporate Sector. Tenants Lean on Lease Administration Systems to Expose Landlord Overcharges
Empty Mall Stores Trigger Rent Cuts: Remaining Tenants Point to Occupancy Guarantees to Share Overhead Costs or Escape Leases
Read how leading retailers – including 5 Accruent customers – are using the fine print in their leases to demand rent reductions.