Nakisa continues to innovate in the field of workplace and real estate management, expanding its offerings to include an integrated suite of solutions. The 2024 updates bring significant enhancements, reinforcing Nakisa’s commitment to providing a comprehensive, cloud-based platform that serves a wide range of business needs—from project planning to lease accounting and facility management.

This blog post highlights the new features and improvements introduced in Nakisa’s Integrated Workplace Management System (IWMS), focusing on updates that improve efficiency and streamline operations for capital project managers, lease administrators, contract managers, and facility managers.

The Expanded Nakisa IWMS Product Suite

Nakisa’s latest IWMS platform is now more than just a real estate tool—it is a fully integrated system supporting capital projects, portfolio management, lease accounting, and facility maintenance. This enhanced solution facilitates collaboration across departments, reduces data redundancy, and centralizes asset information in one unified platform. Recognizing its rapid evolution, Nakisa has been acknowledged as a representative vendor in Gartner’s 2024 IWMS Market Guide.

The new features are categorized based on user roles, including capital project managers, lease and contract managers, and facility managers, ensuring that each department has the tools it needs to excel.

Capital Project Management: New Tools for Better Control and Visibility

The newly added Capital Projects Suite empowers managers to better allocate budgets, assess multiple sites, and execute projects more effectively.

1. Site Selection and Project Evaluation
With the Site Selection feature, capital project managers can evaluate and compare multiple sites for both new openings and potential closures. They can assess factors like projected sales, investment costs, and cash flow at each site, allowing for more informed decisions. The ability to compare new sites with existing locations further improves strategic planning.

2. Streamlined Milestone Management
Project managers can now use milestone templates to standardize project timelines, allowing for easier tracking and modifications. This feature enhances efficiency by reducing the complexity of managing recurring project milestones.

3. Enhanced Flexibility in Project Setup
The updates include advanced features such as the ability to copy project setups and adjust milestone dates easily, plus dynamic area size comparison across different units. Role-based menu configurations also ensure that users only see the data relevant to their tasks, simplifying navigation.

Portfolio Management: New Enhancements for Lease and Contract Managers

Nakisa’s Portfolio Management Suite, which builds on its existing real estate solutions, now includes additional functionalities to make managing leases and contracts more efficient.

1. Multiple Contracts Per Premises
In the past, managers could only track one lease contract per property. With the new update, they can now associate multiple contracts (such as service agreements) to a single property. This feature enhances visibility into all contracts, making it easier to track key terms and payments.

2. Sales-Based Rent Calculations
Retailers will benefit from new tools that support complex sales-based rent calculations, including multi-currency support. This allows contract managers to easily analyze sales data and calculate rent based on varying sales performance, helping to simplify the leasing process across global markets.

3. Financial Planning and Scenario Simulation
The new Financial Planning Module enables contract managers to model different scenarios, assess financial impacts, and forecast future obligations based on changing assumptions. This tool is vital for strategic budgeting and helps teams make more informed financial decisions.

4. Mass Data Import Enhancements
Nakisa has improved its mass data import feature to provide better error handling and validation. This makes the process of uploading large volumes of data more efficient and less error-prone, ensuring that imports are handled quickly and accurately.

Facility Management: New Suite for Asset and Maintenance Management

The Facility Management Suite has been designed to improve the management of physical assets and maintenance tasks, helping organizations maintain asset lifecycles and improve operational efficiency.

1. Asset Register and Parts Inventory
Facility managers can now maintain a detailed record of all assets, track their maintenance history, and manage parts inventories to prevent shortages. This centralized asset register helps managers monitor the condition and availability of assets, extending their lifespan and reducing downtime.

2. Maintenance and Work Orders
The platform enables both preventive and reactive maintenance management. Facility managers can create, assign, and track work orders, including emergency repairs, with specific priority levels and due dates. This ensures that maintenance tasks are handled promptly, and budgets are properly managed.

3. Inspections and Condition Monitoring
Facility managers can schedule inspections for assets and facilities, using either predefined or custom templates. These inspections help detect potential issues before they become serious, improving overall facility performance and ensuring compliance with safety regulations.

Conclusion

The 2024 updates to Nakisa’s IWMS platform significantly enhance the way global organizations manage their real estate, capital projects, lease portfolios, and facilities. With new features aimed at improving efficiency, reducing errors, and supporting strategic decision-making, Nakisa is setting the stage for even greater innovation in the workplace management space.