HACKENSACK, N.J.- Officials at Bergen County, New Jersey announced that the county purchased and is deploying a strategic real estate asset management program for a portfolio of hundreds of county buildings. The county will use state-of-the-art software from Geospatial Analytics® to manage more than two million square feet of real estate.
Bergen County sought improved central management of its extensive portfolio of real estate facilities and assets in various stages of their lifecycle. The county was managing its properties — including inspections, maintenance, capital planning, and vendor management — using various disparate data silos. This complicated the county’s monitoring of its real-time expense run rate, capital planning, and cost optimization. “We needed a better way to manage our daily workflows in the short term and our plan for total cost of ownership in the longer term,” said the county’s Corporation Counsel/Business Administrator, Julien X. Neals.
As part of its ongoing drive to become a best practices technology leader in local government, the county adopted the Geospatial Analytics InSite Solution Platformâ„¢ and two of its key modules: Geospatial Analytics Inspection InSiteâ„¢ and Geospatial Analytics Asset InSiteâ„¢. Now in the deployment phase of implementation, the county is seeing their value. “What excites me about the project,” Neals said, “are the possibilities regarding creating a centralized repository for all real estate data that is critical for making strategic decisions to responsibly manage costs.”
Looking ahead, county Chief Procurement Officer Gerald Reiner sees potential benefits. “In the end, we’ll save money because we’ll now know what our capital expenditures look like three to five years in advance. That will allow us to prioritize our spend, reduce our operational risk, and optimize our total cost of ownership.”
About Geospatial Analytics®
Founded in 2005, Geospatial Analytics® is an innovative development firm specializing in strategic, cost-effective, agile, and easy-to-use real estate management software that empowers property owners and facility managers with analytics to better understand and strategically manage their businesses. A global leader in real estate management technologies, Geospatial Analytics® has a 98% customer retention rate. The company serves some of the world’s largest companies in retail, finance, healthcare, technology, manufacturing, energy, and education with over $1 trillion in combined real estate valuations. To learn more, visit http://www.geospatialanalytics.com, call a Geospatial Analytics® representative at 877-291-3282, or email [email protected]
