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Accruent for Retail

Industry Solution

Today’s retail and restaurant leaders are driving company performance – increasing revenue while decreasing costs and enabling compliance – through the implementation of an RPM solution. These leading companies are turning to RPM to address rapidly changing market dynamics which are impacting their performance.

How can retail companies benefit from RPM?

  • Accelerated store expansion has increased competition and intensified the race for space.
  • Upward pressure on occupancy and development costs has catapulted real estate to your second or third largest expense
  • Increased regulatory scrutiny in the form of SOX and FASB has resulted in the largest number of restatements on record and has forced many retailers to make substantial changes to the way they do business.

Your real estate strategy needs a level of agility in order to adapt to these changes. An enterprise-level real estate performance management solution provides executive management with the ability to adapt your real estate portfolio in a predictive rather than reactive manner as market and business conditions change.

Win the race for space.

Your success is highly dependent upon your ability to align your store locations to best serve your target customer groups. You need to able to quickly and accurately analyze if particular locations meet your business objectives and will provide competitive advantage. Accruent offers a holistic view of market opportunities and realities to enable smarter real estate planning and faster decision making in order to drive real estate portfolio optimization.

Eliminate profit leakage.

Fragmented real estate processes make it difficult to understand your overall real estate cost drivers, negatively impacting your financial performance. Accruent’s solutions help you gain better control of your occupancy costs and construction costs. They include business performance management features such as timely and actionable metrics, critical and exception based information and notifications, and the ability to drill down into more detailed data to conduct research and benchmarking. You will be able to control and expedite capital projects, budgets and schedules for 30 – 60% time savings, manage the accounting for complex contract structures to reduce CAM costs by 5% or more, and reduce overall facilities maintenance and repair costs by 5 – 10%.

Reduce compliance risk and cost.

The advent of Sarbanes-Oxley and recent FASB clarifications around rent accounting are increasing regulatory scrutiny. Accruent helps retailers achieve financial compliance by automating FASB, GAAP, SOX, and IAS reporting. The capability to institute standard company policies provides you with the flexibility to help ensure all transactions adhere to regulatory and compliance requirements.

RPM: A Primer

The real estate portfolio, representing millions of square feet or hundreds if not thousands or locations — and the second or third largest cost item on your income statement— has historically been overlooked and under-managed. Why?

Traditionally, real estate has been managed tactically and at a functional or division level. However, rapidly changing markets and the rising economic value and operating expense of locations and facilities mean that your real estate portfolio is too valuable and expensive to be viewed as anything less than a key lever of business performance.

An enterprise-level real estate performance management system provides you with the clarity and control needed to exercise due diligence over such a major component of corporate investment and expenditure. Real Estate Performance Management, or RPM, delivers a deeper and more robust view of performance resulting in dramatic improvements in financial performance.

Click here to learn more about the RPM Opportunity.