Tango had an exciting time over the last few weeks attending IFMA’s World Workplace 2019 and CoreNet Global Summit 2019. Our team enjoyed connecting with new companies and catching up with customers, sharing our industry-leading insights at a few presentations and learning about trends and developments that will be impacting the real estate and facilities management industry.
Below are a few of our top takeaways of what is driving change and enhancing the strategic approach to managing real estate locations.
- Innovation, not consolidation. In this time of intense disruption, companies are seeking solutions that will provide powerful insights, and help them make better real estate location and development decisions to drive growth and lower costs. We’ve seen some high-profile consolidations over the past year – but they innovated little and continue to sell the same product, or worse, a combined franken-product.
- FASB ASC 842 needs more than a band-aid – a lot more! We talked with public companies that started with a quick fix in order to achieve compliance by the December 2018 deadline. Now, they’re in the market for an industry-leading lease accounting software solution with a track-record of helping organization comply to the ASC 842.
- Emerging technology companies drop the ball. We’ve seen some sleek new software companies who offer point solutions with slim functionality that aren’t delivering on their original promises. Companies are demanding more robust, enterprise-level solutions that will truly address their requirements across the real estate and facilities lifecycle.
- Non-traditional workspaces continue to evolve, which means company must continue to innovate their offerings to employees. Hoteling, shift workers, telecommuting – organizations want a software that can factor these transformative work trends into their space design.
If you are interested in learning more about a next generation approach to real estate and facilities management, download Tango’s Next Gen IWMS Datasheet below.
