FacilitySource: Establishing The First Single Source Solution in IFM

As the demand for multiple-site facility management rises globally, companies start vying for better, smarter, and more efficient options to manage their resources. This gives rise to the need for a single-source solution that can help organizations streamline processes and maximize resource utilization. With industry leaders like FacilitySource, enterprises can start looking at holistic solutions for their Integrated Facility Management (IFM) needs.

FacilitySource is a nation-wide facilities management expert. With their tech-enabled facilities and data-driven solutions, FacilitySource has grown to be a recognized innovator in this industry space. For the last 13 years, the company has been amassing high volumes of data across the IFM space from 120,000 sources worldwide.

By analysing, assessing and converting big data into powerful insights, FacilitySource helps its client make more informed and strategic business decisions.

Though facilities management is a traditional concept, it has, over the years, lacked a structured approach, making organizations struggle significantly with maintaining their resources, manage processes, work orders, and compliance as they scale. Conventional methods needed to be optimized and replaced with a more efficient and effective approach with quality output, and of course, reducing the overall costs at the same time.

FacilitySource filled the gap by taking hold of this opportunity to establish themselves as a one-stop shop to address their facilities-related challenges. This was possible due to its two-pronged approach to establishing itself in the facility management industry. FacilitySource started out as a provider of technology solutions, which led to them amassing the largest data repository in the industry.

After several years of big data analysis and continual improvement, FacilitySource added the service provider capability, making it the first tech-enabled, end-end solution in the market. This gives them the edge over competitors who have only recently caught on to service provider technology and hence are unable to effectively leverage the data for their or their clients’ improvement.

Due to the demands of a dynamic and ever-evolving market, the IFM space also keeps changing and becomes increasingly unpredictable. To keep up with the volatile needs of millennial enterprises, FacilitySource also aids its clients with a mobile-based application, which allows organizations to manage their resources digitally, on-the-go.

FacilitySource was purchased by CBRE Group, Inc. – A Fortune 500 and S&P 500 company headquartered in Los Angeles. CBRE boasts of a vast array of integrated services, which includes facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.

Over the last two years, FacilitySource has not only reported an exponential growth of 50% but has also become a technology powerhouse with its expertise in analytics and technology.

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Shruti Gupta is a writer and digital marketing consultant at Rankmebest.com. She has a passion for technology, startups and other business topics. She lives and breathes digital marketing, and has contributed to a number of famous websites. Her aim is to spread her thought-provoking ideas to all generations.