SOURCE: VFA, Inc.

January 07, 2008 10:30 ET

VFA Eases Process of Creating Capital Budgets With Latest Release of Facilities Capital Planning Software

VFA.facility 8.0 Assists Companies in Prioritizing Capital Needs

BOSTON, MA--(Marketwire - January 7, 2008) - VFA, Inc., the leading provider of end-to-end solutions for facilities capital planning and asset management, today announced the release of version 8.0 of its flagship software product, VFA.facility®. The latest release includes a new Budgets module, which enables organizations to prioritize capital needs based on overall business objectives in order to create multi-year capital budgets.

"In this era where ROI is king, organizations are increasingly asked to demonstrate how various investments will support business goals and how the returns on competing investments compare," said Jack Heine, a research vice president at Gartner. "Putting in place a system that ranks potential capital projects based on business priorities can help organizations better align spending with long-term strategic objectives."

Using the Budgets module, organizations can create ranking strategies to prioritize capital needs based on criteria they define. They can develop multiple strategies, including different strategies for different types of assets. All identified capital needs are rank-ordered according to the strategy they choose, allowing organizations to focus budget allocations on the improvements most critical to the business. Organizations can also compare the impact of different funding levels on the condition of capital assets over time, as well as on long-term investment requirements.

"Most organizations have far more capital needs than they have capital funding. It is often difficult to weigh competing capital projects against one another because there are so many factors and different stakeholders involved," said Jerry Kokos, president and CEO of VFA, Inc. "With VFA.facility 8.0, organizations can define the criteria that are most critical to their mission and apply those criteria consistently to determine how to optimally allocate capital funds."

In addition to the Budgets module, VFA.facility 8.0 includes a new application programming interface (API) that promotes data sharing with other business applications. The API enables organizations to extract data from VFA.facility for use in other business applications such as portals and mapping software.

The VFA.facility 8.0 release also enables a variety of document attachments, adds new executive-level reports, and includes a unique record locator to simplify the process of sharing data with other applications.

VFA.facility 8.0 is available now. Contact VFA for specific pricing information.

About VFA

Headquartered in Boston, VFA, Inc. is the leading provider of end-to-end solutions for facilities capital planning and asset management. VFA's Capital Planning and Management Solution (CPMS™) uniquely combines facility assessment services, Web-based software and business consulting services to enable customers to manage every stage of the capital asset lifecycle -- from requirements gathering and long-term planning to capital budget creation and spend management. VFA has helped more than 350 organizations in corporate, education, government and healthcare markets to strategically manage more than 2 billion square feet of real estate. For more information, please call 800-693-3132 or visit www.vfa.com.

Contact Information

  • Press Contacts:
    Laura Cook
    VFA
    617-451-5100
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    John McElhenny/Allison Bedard
    Schwartz Communications
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