“AssetConnect brings to life the vision of integrating capital planning and maintenance management beyond anything that is available in the market,” said Bill Olsen, vice president of engineering, Accruent. “What we’re announcing today further extends the value of our acquisition of VFA. It’s just the first of many solutions to come that leverage the synergies between our products and services.”

Organizations today are faced with a significant disconnect between how capital planning and facilities management departments invest in facilities. Accruent research has shown that many organizations see more than 5 percent of their annual capital budgets being invested in projects that don’t align with organizational objectives.

AssetConnect addresses this disconnect by enabling information to be shared between Accruent’s VFA Facility capital planning software and its cloud-based CMMS solutions, including FAMIS, 360Facility and TMS. It allows facilities managers and capital planners to more effectively collaborate in the maintenance and strategic planning of their facilities.

“Through a single, integrated solution, AssetConnect optimizes key components of the facilities management lifecycle,” Olsen said. “It unlocks the value stored in the different systems and streamlines the sharing of information, resulting in better communication and decision-making.”

For more information about AssetConnect, visit http://www.accruent.com/products/assetconnect.