Prime Retail Streamlines C
ollaboration and Internal Communication with FM:Systems
Configurability of FM:Systems flagship product, FM:Interact, allows Prime Retail to easily deploy and share information with nationwide project teams
RALEIGH, N.C. – September 23, 2008 –FM:Systems, a leading provider of integrated workplace management systems (IWMS) and computer-aided facility management systems (CAFM), today announced Prime Retail, the parent company of Prime Outlets and one of the largest and most successful owners of retail centers in the U.S, is using FM:Systems’ flagship product, FM:Interact, to aid in managing the company’s extensive retail property portfolio. The product helps Prime Retail manage space, tenants, projects and leasing, and the Web-based software makes it easier to deploy and share information with project teams nationwide
“Initially we were only looking at FM:Interact as a way of better managing our space and tenants with regards to our AutoCAD generated lease plans,” stated Dan Majka, director of CAD Services for Prime Retail. “Once we realized how configurable the products were, we chose to deploy FM:Systems products and create a central database for all the key information about our operations and have rolled out the system to a wide range of groups at Prime Retail.”
Prime Retail was faced with the challenge of managing more than eight million square feet and over 4,000 individually leased tenant spaces, and needed a solution that would allow employees from around the nation to update and access critical property and lease information, drawings and documents.
The configurability of FM:Interact has allowed Prime Retail to:
- provide real time data with secure access – All Prime Retail employees and affiliates now have access to up to date lease plans and the company wide database information on demand using FM:Interact.
- access documents company wide – All construction documents, LOD’s and Tenant record drawings are attached to the database and made available on demand using FM:Interact.
- manage data more efficiently - Employees from a wide range of departments can now enter and maintain information directly into the system improving data quality and accuracy.
- increase leasing productivity – Management now has access to advanced dynamic reporting on the status of any lease out for negotiation including economics as well as the ability to track construction and tenant build outs start to finish.
- reduce costs - The system uses CAD floor plans to calculate accurate, detailed square footage for Prime Retail leading to significant financial savings in insurance costs as well as establishing accurate billable GLA (gross leasable area) throughout the portfolio.
- streamline operations - Leasing and project management documents are now shared through an automated process allowing Prime Retail to improve communication between their leasing, finance, tenant coordination and construction departments.
“Configurability and the openness of FM:Systems and FM:Interact have been the key to our internal communications,” added Mr. Nicholas King, chief operating officer for Prime Retail. “In our business, real-time information from multiple team members improves our efficiency and makes us all more effective decision makers.”
About FM:Interact
FM:Interact is an integrated suite of powerful, Web-based workplace management products that enable organizations to share facilities information and manage processes that impact entire organizations. FM:Interact runs on an organization’s intranet and can be accessed by all employees using standard Web browsers. With its intuitive interface, companies have quick and easy access to key facilities information such as floorplans, reports, employee information and critical documents.
FM:Interact enables an organization to:
- Manage space and occupancy across multiple locations
- Access property information with a simple point and click map-based interface
- Run live reports, view floor plans, search archived drawings and critical documents
- Share facilities information enterprise-wide via the corporate intranet
- Dynamically search for employees and related information
- Streamline maintenance and move processes
- Provide responsive and efficient service to an organization
About FM:Systems, Inc.
By connecting people, place and process, FM:Systems helps facilities and real estate professionals improve customer service, reduce costs and increase productivity enterprise-wide. FM:Systems web-based software improves management of space, occupancy, moves, maintenance, leases and property. Customer results include: real estate costs reduced by 15 percent, move spend reduced by 83 percent, enterprise productivity savings of $1.5 million and an internal customer satisfaction rate of 97 percent.
Many of the world’s leading organizations rely on FM:Systems products including CA, Devon Energy, Freddie Mac, GMAC Financial Services, Herman Miller, Indiana University, Lockheed Martin, NASD, Northwestern University, Novartis Pharmaceuticals, Progress Energy, Target Stores and Wyeth Pharmaceuticals.
FM:Systems is headquartered in Raleigh, North Carolina and conducts business in the Americas, Europe, Africa and Asia Pacific. For more information about FM:Systems, please visit www.fmsystems.com or call 1-800-648-8030.
About Prime Retail
Headquartered in Baltimore, Md., Prime Retail is the parent company of Prime Outlets and one of the largest and most successful owners of retail centers in the U.S. Spanning more than eight million square feet throughout major United States markets and Puerto Rico, Prime Retail recently added top designer and brand name stores including Giorgio Armani General Store, Gucci, Michael Kors, Polo Ralph Lauren Factory Store, Salvatore Ferragamo Company Store, Zegna Outlet and many more to its portfolio. The company owns and operates 21 Prime Outlets in markets including Orlando, San Marcos, Texas, Williamsburg, Va., and Grove City, Pa. Adding nearly two million square feet over the next several years, Prime Retail is positioned to become the leading retail outlet company in the industry. For more information, please visit www.primeretail.com.
Media Contacts
Christian Sullivan
Crossroads Public Relations on behalf of FM: Systems
919-821-2822 office
919-830-1746 mobile
csullivan@crossroadspr.com
Amy Needham
Crossroads Public Relations on behalf of FM:Systems
919-821-2822 office
919-270-9377 mobile
aneedham@crossroadspr.com |
