Two-way data transfer or communication between the FM management software with the financial software used by the company.
CAFM Features
- Communication by APIs or specific development. Communication frequency (periodic, on demand).
- Error control. Maintenance / updating communication.
- Remarks
- Similar to the previous section with the particular feature of how the company’s economic information is affected, so integration that does not deteriorate the economic data is necessary for decision making.
Financial justification
- Directly
- Allows one to share data of interest between the organisations’ software platforms, so the uploading process is performed only on a single platform and is of use to the financial department and that of FM.
- Indirectly
- Avoids incorrect or discordant information errors.
- Saves management time due to duplicated data input.
- Automates inputting a lot of data, avoiding inputting this manually.
- Expedites service billing processes and user-driven incidents (or their billing or internal assignment).
- The whole organisation works with the same updated information.
- The FM department uses financial information for budgets, economic monitoring and investment studies.