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ASC 842

Accounting Standards Codification Topic 842 is the lease accounting standard issued by the Financial Accounting Standards Board (FASB). It requires companies to recognise lease assets and lease liabilities on their balance sheets for most leases, improving transparency and comparability in financial reporting.

Asset management

Keeping track of your buildings, equipment, and systems to ensure they’re used efficiently, last longer, and cost less to maintain over time. It helps you plan, maintain, and replace assets with confidence.

Building information modelling or BIM

A digital way of managing building information. It brings together design, construction and maintenance data in one shared model to support better planning and decision making.

Campus management

The process of efficiently managing university spaces by coordinating buildings, services and resources to help students and staff get the most out of campus life.

Capital project management

The structured delivery of large-scale projects such as buildings or infrastructure, ensuring costs are controlled, timelines are met and quality standards are maintained.

Computer-aided facilities management or CAFM

Software used to manage and optimise property, asset and maintenance operations across estates, supporting tasks like reactive repairs, compliance tracking and space management.

Computerised Maintenance Management System or CMMS

A digital system that helps you manage maintenance tasks, track assets and minimise downtime by replacing paper records with easy-to-use, reliable tools.

Energy management

Using energy more efficiently to cut costs, meet regulations and reduce the carbon footprint across buildings and assets.

Enterprise asset management

A strategic approach to tracking and maintaining physical assets throughout their lifecycle, helping estate teams reduce costs, extend asset life and remain compliant.

ERP system

Connecting finance, HR, operations and other core business functions in one place to reduce duplication, improve reporting and support better decision-making.

Facility management or FM

Keeping buildings running smoothly by managing everything from maintenance and cleaning to safety and compliance, supporting people, property and performance.

Facility management software

Software that helps organisations run buildings more efficiently by bringing together maintenance, space planning, compliance and energy tracking in one central system.

Facility service management

Keeping buildings running safely, smoothly, and efficiently covering everything from maintenance and cleaning to energy management and compliance.

Field service management

Planning, tracking and managing work carried out by teams on site to improve scheduling, reduce costs and keep jobs running smoothly.

Hyperautomatic

Using AI, machine learning and smart tools to automate entire business processes helping organisations work faster, reduce costs and make better decisions.

IFRS 16

A lease accounting standard requiring most leases to be recorded on the balance sheet, providing a clearer view of an organisation’s financial position by recognising lease assets and liabilities.

Integrated workplace management system or IWMS

Software that manages estates, assets and facilities in one platform, designed to improve efficiency, reduce costs and support better planning.

IoT sensors

Monitor temperature, air quality, occupancy and energy use in real time, giving facility managers live insights to improve comfort, reduce waste and prevent issues before they occur.

Lease accounting

The process organisations use to record, manage, and report leases in line with financial regulations like IFRS 16, ensuring accuracy, controlling costs and supporting compliance.

Lease management

Keeping track of property agreements by monitoring key dates, costs, and terms to reduce risk and support better decision-making across your estate.

Maintenance management

An organised approach to maintaining buildings, equipment, and assets to ensure safety, efficiency, and longevity, helping prevent breakdowns, reduce costs and support compliance.

Planned preventive maintenance or PPM

A proactive method for maintaining assets and equipment to prevent unexpected failures and extend their operational lifespan.

Property management software

A digital solution that manages buildings, leases, and tenants in one place, simplifying daily tasks while keeping everything organised and compliant.

Space management

Planning and optimising workplace space to reduce waste, support hybrid working and enhance the overall work environment.

Sustainability management

Reducing environmental impact and using resources responsibly to help organisations cut waste, save energy and meet legal and ESG targets.

Sustainable facilities management

A focus on reducing the environmental impact of buildings while enhancing efficiency and meeting compliance goals through smarter use of energy, water and space backed by data-driven insights and practical actions.

The Internet of Things or IoT

Connecting everyday devices to the internet so they can automatically collect and share data, enabling smarter buildings, real-time monitoring and better decision-making for estate and facility teams.

Workplace management

Optimising office space, assets, and resources to support staff, reduce costs and ensure compliance. It helps businesses adapt to hybrid working while boosting efficiency and sustainability.