12 best facilities management softwares

Facilities management software is a category of software tools and applications designed to help organizations efficiently manage and maintain their physical facilities, such as buildings, campuses, and infrastructure. Here's what you need to know about facilities management software:

Asset Management: Facilities management software enables organizations to track and manage their physical assets, including equipment, machinery, and infrastructure. It helps in scheduling maintenance, monitoring asset performance, and optimizing asset utilization.
Maintenance Planning: These software solutions allow organizations to plan and schedule routine maintenance tasks, inspections, and repairs. Preventive maintenance schedules can help extend the lifespan of equipment and reduce downtime.
Space Management: Facilities management software helps organizations optimize the use of space within their facilities. It can track space allocation, occupancy, and changes in workspace configurations.
Work Order Management: Users can create, assign, and track work orders for maintenance and repair tasks. This helps in streamlining communication and workflow between maintenance teams and other departments.
Inventory Management: Some facilities management software includes inventory management features, which are useful for tracking and replenishing supplies and spare parts.
Energy Management: Many solutions offer energy management capabilities to monitor and control energy consumption within facilities. This can lead to cost savings and sustainability benefits.
Compliance and Reporting: Facilities management software can generate reports on maintenance activities, asset performance, and compliance with regulatory standards. This is essential for audits and decision-making.
Mobile Accessibility: Modern facilities management software often includes mobile apps or interfaces, allowing maintenance teams to access information, create work orders, and update data in the field.
Integration: Integration with other business systems, such as enterprise resource planning (ERP) and building automation systems, is common. This ensures data consistency and efficiency across the organization.
Scalability: Facilities management software can be scalable to accommodate the needs of small facilities or large, complex campuses.
User-Friendly Interface: A user-friendly interface is crucial to ensure that facilities managers and staff can easily navigate the software and access the information they need.
Cost and ROI: The cost of facilities management software can vary widely depending on the features and scale of the solution. Organizations often evaluate the return on investment (ROI) in terms of cost savings, improved efficiency, and reduced downtime.
Industry-Specific Solutions: Some facilities management software is tailored to specific industries, such as healthcare, education, or manufacturing, to address unique facility management needs.

In the context of education, facilities management software can be particularly valuable for educational institutions, helping them maintain school buildings, grounds, and equipment, thus creating a safe and conducive environment for learning. These systems can assist in tracking maintenance requests, optimizing space allocation, and ensuring compliance with safety regulations.

Below you can find our editor's choice of the best facilities management softwares on the market

Python for Finance: Mastering Data-Driven Finance

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Why Python for Finance

Python is a high-level, multipurpose programming language that is used in a wide range of domains and technical fields. Python is used by the beginner programmer as well as by the highly skilled expert developer, at schools, in universities, at web companies, in large corporations and financial institutions, as well as in any scientific field.

Python as a language—and even more so as an ecosystem—is an ideal technological framework for the financial industry as whole and the individual working in finance alike. It is characterized by a number of benefits, like an elegant syntax, efficient development approaches, and usability for prototyping as well as production. With its huge amount of available packages, libraries, and tools, Python seems to have answers to most questions raised by recent developments in the financial industry in terms of analytics, data volumes and frequency, compliance and regulation, as well as technology itself.

It has the potential to provide a single, powerful, consistent framework with which to streamline end-to-end development and production efforts even across larger financial institutions.

In addition, Python has become the programming language of choice for artificial intelligence in general and machine and deep learning in particular. Python is therefore the right language for data-driven finance as well as for AI-first finance, two recent trends that are about to reshape finance and the financial industry in fundamental ways.