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Har ni koll på balansräkningens största post? - IBM Smarter Business 2013
 

Har ni koll på balansräkningens största post? - IBM Smarter Business 2013

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Fastigheter är ofta den största enskilda tillgångsposten på ...

Fastigheter är ofta den största enskilda tillgångsposten på
balansräkningen och kan också stå för en av de största kostnadsposterna.
Vi visar hur ni kan få kontroll på era fastighetskostnader,
energiförbrukning, lokalplanering och nyttjandegrad. Vi kommer också att
beröra hur de nya reglerna för redovisning av hyrda/leasade
anläggningstillgångar kan mötas med hjälp av IBMs lösningar för Smarter
Buildings. Talare: Claire Penny, Business Development Executive - Smarter Physical Infrastructure, IBM. Mer från dagen på http://bit.ly/sb13se

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  • Economic forecasts indicate that 2013 may beslightly better than 2012. However, retailers still have to contend with extremely competitive markets and low returns.They need to implement their expansion plans more quickly and with less money.
  • So, what are the realities that you need to consider?If you are a finance, real estate or sustainability-focused executive or professional then consider the following:First, the accounting standards boards for the US, Europe and many other countries are jointly developing a new accounting standard that requires all public companies to add billions of leased real estate and facilities assets to their balance sheets. A move that will impact retailers six-times greater than the average of all industries1and create increased complexity in financial forecasting and reporting.Secondly, stores, distribution centers and corporate facilities represent the most important channel for sales for most retailers and a top-four cost of business for two-out-of-every-three organizations.2 In many cases they represent the second highest cost behind Human Capital and most often represent the largest long-term obligation.Finally, while 97 percent of retailers have established environmental and energy reduction goals, fewer than one-third (32 percent) of retailers have achieved their goals — and realized the savings.3
  • Presently, operating leases do not appear on company balance sheets even though, for many companies, these lease obligations are the single biggest category of long-term liabilities. This creates a problem because balance sheets are supposed to provide a snapshot of a company’s financial position. Ideally, the balance sheet should show what a company owns and owes. Investors, lenders, customers and others rely on the balance sheet as a primary data source to understand the financial health of a company.The absence of operating leases on the balance sheet has an especially distorting effect on financial statements in today’s economy where many companies employ a workforce of knowledge workers who predominately work in leased space. Failing to account for these lease obligations on the balance sheet leaves a big gap in the complete disclosure of a company’s financial position.To rectify this gap, the International Accounting Standards Board (IASB) and U.S. Financial Accounting Standards Board (FASB) – accounting standards boards for the US, Europe and many other countries – are jointly developing a new accounting standard, scheduled for release in 2011, that requires all publicly traded companies to add billions in new assets to their balance sheets.While no global analysis of the impact exists, the U.S. SEC – U.S. Securities and Exchange Commission – estimates the impact on publicly traded companies in the U.S at nearly $1.3 trillion dollars. For certain lease-intensive industries such as retail the new rules will add up to $35 billion in new assets.Inaccurate reporting of these assets will result in costly financial restatements and reduce company valuations. Yet, ninety-two percent of companies considered themselves NOT WELL PREPARED according to a joint IBM and CFO Research Services survey.
  • Taking all this into account, IBM believes that your company will benefit from an integrated workplace management solution.IBM TRIRIGA provides a next generation lease accounting solution for finance and real estate executives to comply with current and pending lease accounting rules. It was named a leader in Gartner’s Magic Quadrant for Integrated Workplace Management Systems in 2011.IBM TRIRIGA delivers critical lease accounting and strategic facility planning capabilities to manage all classes of leased assets, avoid costly financial restatements and increase utilization of leased assets:It accelerates preparedness for the new standard with pre-built spreadsheets and OSCRE-compliant* templates for faster loading of lease information;It provides necessary financial reporting to achieve auditable lease accounting with simple-to-use pre-built reports and financial assumptions management capabilities; and It reduces or eliminates the need for under-utilized leased assets with advanced strategic facility planning capabilities.* OSCRE or Open Standards Consortium for Real Estate is a non-profit organization dedicated to the development of industry standards for data exchange. OSCRE has created and published a number of XML data schemas - such as Lease Abstract - for defining structured data sets that electronic application may use in exchanging and sharing records and data between organizations and their service providers.

Har ni koll på balansräkningens största post? - IBM Smarter Business 2013 Har ni koll på balansräkningens största post? - IBM Smarter Business 2013 Presentation Transcript

  • Leverage the value of your real estate and assets Dr Claire Penny/Business Development Executive © 2013 IBM Corporation
  • Agenda Why IBM? Business Drivers to Justify Paradigm Changes in Real Estate Management Focus on Forthcoming Changes in Lease Accounting Rules Using IWMS to Unlock Value and Reduce Real Estate Costs Questions? © 2013 IBM Corporation
  • Agenda Why IBM? Business Drivers to Justify Paradigm Changes in Real Estate Management Focus on Forthcoming Changes in Lease Accounting Rules Using IWMS to Unlock Value and Reduce Real Estate Costs Questions? © 2013 IBM Corporation
  • Why IBM? Size: IBM is one of the world‟s largest information technology companies Scalability: IBM operates in more than 170 countries with approximately 434,000 employees in 2012. Stability: IBM is 101 years old and in 2012 year-end from continuing worldwide operations, IBM revenue was $104.5 billion.
  • Agenda Why IBM? Business Drivers to Justify Paradigm Changes in Real Estate Management Focus on Forthcoming Changes in Lease Accounting Rules Using IWMS to Unlock Value and Reduce Real Estate Costs Questions? © 2013 IBM Corporation
  • The need for efficiency in buildings is clear 2 3 30 percent Real estate is the second largest expense on the income statement for most companies. In most organizations the real estate portfolio is on the balance sheet as the third most valuable or expensive single asset. Facilities investments and operating costs can be more than 30% of corporate annual spending. 2025 42 percent 1 By 2025, buildings worldwide will become the top energy consumers. Worldwide, buildings consume 42% of all electricity – up to 50% of which is wasted. Buildings are the number 1 contributor to global CO2 emissions.
  • Public Sector Drivers for Change Legislation Estates too large Pressure to generate revenue Organisation rationalisation Ageing estate
  • Today‟s Banking and Finance CRE Executive: A New Dimension of Efficiency *http://www.joneslanglasalleblog.com/sqm/insights/today%E2%80%99s-banking-and-finance-cre-executive-a-new-dimension-of-efficiency Jones Lang LaSalle’s 2011 Global CRE Survey*, 3 trends emerged for FSS CRE IBM IWMS perfectly positioned to accelerate efficiency IBM IWMS expertise and standard offerings: 1. Smart Growth 2. Flexibility 3. C-Suite connection Key Driver Challenged by an extremely dynamic Environment. Geographic rebalancing in progress Driven to achieve growth targets. Rapid re-sizing. Embracing new ways of working. All quick wins delivered – Now focus is on strategy & transformation Pressure from the C-Suite. Challenging KPI’s which provide Opportunities to impact the financial and strategic direction of the business.  Real estate management Build more effectiveness into real estate operations  Capital project management Generate highest return on invested capital  Facilities management Increase utilization of facility assets  Maintenance management Extend the life of critical assets  Environmental and energy management Achieve sustainability goals  Advanced technology platform Extend facilities applications without changes to source code
  • Economic drivers in Europe in 2013 EMEA Retailer Expansion Plans Source: CBRE EMEA ViewPoint January 2013
  • Why care? Finance Real Estate Sustainability Because … Because … Because … .. new accounting rules will add billions in real estate assets to the balance sheets. .. retail stores represent top-line revenue and a top-four cost of business for majority of retailers. .. only one-third of retailers have achieved their stated energy reduction goals.
  • Agenda Why IBM? Business Drivers to Justify Paradigm Changes in Real Estate Management Focus on Forthcoming Changes in Lease Accounting Rules Using IWMS to Unlock Value and Reduce Real Estate Costs Questions? © 2013 IBM Corporation
  • Pending Changes to FAS 13 & IAS 17 “These new leasing proposals will greatly impact every type and size business in the United States. Whether a firm is public or private, this change would impact literally every item a corporation leases - not just real estate. Everything from computers to trucks, an ATM kiosk to a floor in an office tower, would have to be capitalized on a balance sheet,” Mindy Berman, Managing Director of Jones Lang LaSalle‟s Corporate Capital Markets practice.
  • Current account practice  Companies have a number of specific rules to choose from to decide if a lease can be treated as a capital lease or operating lease.  There are two types of leases: Finance • Recognise: i. an asset ii. liability • accounted for in a straightforward manner. Operating • Most leases • DON’T appear on the balance sheet • Expense for rent recorded as it „s incurred The new regulations will end this type of off-balance sheet lease finance.
  • What people are saying “This is bigger than Y2k ….I will have to add 350M to my balance sheet.” John Lucchese, EVP Finance and Controller Kindred Healthcare “We need to cut to the chase…when can you get here for a meeting” T. Mark Buford, Senior Vice President, Corporate Controller and Chief Accounting Officer, Community Health Services “This is my job for the next three years…. I have over 5B that I will have to add to our balance sheet” Tim Eichacker, Properties Controller, Best Buy
  • Convergence of global accounting rules affect the U.S., European Union and many other countries Countries governed by IASB/FASB accounting standards
  • Pending changes to global lease accounting rules will place a huge strain & impact on financial reporting for public companies $1 billion 92 percent in new assets to balance sheets of large public companies in the U.S., Europe and many other countries.1 Many mid- to large-sized companies expect implementation to include NOT PREPARED to implement the new lease accounting rules.2 Compliance will require a large effort to implement more than 1000 leases. Compliance will require new systems3. Sources: 1 Goldman Sachs 2, 3 CFO Research Services
  • IBM IWMS (TRIRIGA) accelerates preparedness and enables compliance with new lease accounting rules A smarter way to achieve lease accounting compliance: • • • • • Accelerate capture of real estate and equipment lease abstracts from third-parties Forecast balance sheet impact of lease renewals and new real estate transactions. Simplify complex management of financial assumptions Generate audit reports for real estate and equipment leases. Model facility planning scenarios to reduce facility assets on the balance sheet. Useful at many points in the process: Prior to finalization of rules During transition period After effective date of rules pre-built spreadsheets and OSCRE-compliant templates to accelerate loading of leases details by up to 25%. visual analysis and scenario modeling to reduce facility assets on the balance sheet by up to 20%. pre-built financial assumptions management and financial reporting to achieve auditable lease accounting.
  • Agenda Why IBM? Business Drivers to Justify Paradigm Changes in Real Estate Management Focus on Forthcoming Changes in Lease Accounting Rules Using IWMS to Unlock Value and Reduce Real Estate Costs Questions? © 2013 IBM Corporation
  • Integrated Workplace Management Solutions drive business value (Separate Departmental Solutions Integrated) Value Add (Facilities, Operations etc) Disparate Solutions Value Add Value Add Stand Alone Point Solutions Business Metrics Global Offerings Repeatable Offerings Regional Offerings ProcessDriven PerformanceDriven (IWMS) (PerformanceDriven IWMS) Workplace Evolution
  • IWMS provides one version of the truth Today‟s Real Estate Management VP Real Estate Future Real Estate Management - IWMS CFO VP Real Estate CIO Risk Man CFO CIO Plant Manager Risk Man Plant Manager IWMS Project Man 3rd Party Energy & Env Man FM Financial Planner Space Planner Lease Admin Project Man 3rd Party TRIRIGA Energy & Env Man FM Financial Planner Space Planner Lease Admin
  • Centralising Real Estate Management TRIRIGA replaces legacy systems, delivers efficiencies through automated processes and assists with the effective management of the public sector estates by providing better information and an improved user experience Today: multiple systems Future: IWMS 21
  • IWMS - Enabling efficiency and cost reduction across your entire real estate portfolio. Customer Request Central (self service, way-finding) Business Analytics (KPIs, advanced reporting) Real Estate Management Project Management Portfolio Planning Program Management Space Management Site Selection Fund Management Transaction Management Lease Administration Lease Accounting AR Tenant Tracking Payment Processing Client Requests Space Management Shared Resources Operations & Service Environmental & Energy Mgt Reserve Meeting Rooms Contact Center Space Chargeback Hot-Desking/Hoteling Service Management CO2 Emission Tracking Scope Management Space Requests Reserve Equipment Cost Management Strategic Planning Reserve Vehicle Warranty Management Schedule Management Move Management Catering Resource Management Personnel Provisioning Visitor Management Permit Management CAD Management Room Setups Vendor Engagement Procurement Shared/Common Data and Process Integration Preventive Maintenance Utility Tracking Waste Disposal Water Consumption Facility Assessment Green Opportunities Tracking Security/Key Management Environmental Certification Inventory Management Energy Star Integration Capital Planning Resource Planning Common Workplace Platform, Database & Documents Internal/External Integrations
  • IWMS drives Top-Line Performance: Area Opportunity Value Market Planning & Site Selection Reduce time from site selection to contract 5% to 6% increase in revenue weeks Project Management Reduce facility opening and remodel development cycle 6% to 8% increase in revenue weeks International Coffee Retailor shortened new store delivers (from site selection to cup of coffee) from 50+ days down to 32 days to gain revenue days for each store with IBM TRIRIGA
  • IWMS drives Bottom-Line Performance: Area Lease Admin/Accounting Opportunity Reduce expenses for invalid charges & late fees Value 5% to 8% reduction in operating costs Sporting Goods Retailor reduced monthly rent obligations by $2 million by invoking Co-Tenancy rights with IBM TRIRIGA Canadian Financial Company identified and stopped many invalid charges within the leases with IBM TRIRIGA Cell Phone Manufacturer stopped an auto-renewal of one lease avoiding a 45M Euro expense with IBM TRIRIGA
  • IWMS drives Bottom-Line Performance: Area Opportunity Value Facilities Planning Reduce Inefficient workplaces 15% to 20% reduction in occupancy costs Semi-Conductor manufacturer increased people to workspace ratio from 1:1 to 1.5:1 and saved 30 million in a year with IBM TRIRIGA . A European Cellular manufacturer reduced its facility portfolio by 17 percent with IBM TRIRIGA. A Global 10 company generated more than $925 million/year in real cost savings from facility portfolio reduction with IBM TRIRIGA.
  • IWMS drives Bottom-Line Performance: Area Opportunity Value Operations Reduce costs through streamlined maintenance 5% to 8% reduction in maintenance costs Financial Services/Retail Banking customer delivers frictionless workplace and business services throughout the enterprise with IBM TRIRIGA, reducing cost of operations while improving customer satisfaction Higher Education customer gained 30-45 minutes of work time per employee/per shift with IBM TRIRIGA allowing them to expand service coverage without adding headcount.
  • IWMS drives Bottom-Line Performance: Area Opportunity Value Project Management Reduce project costs through increased project efficiencies 3% to 5% decrease in project costs Canadian reality company utilizes over 20 TRIRIGA Off-Line (excel) forms that their vendors use to update their project management activities, improving project governance and reducing costs US Federal Agency commissioned inspection of over 240 facilities, identified 38,685 deficiencies with an estimated repair/replace value from $12.00 to $9M. Utilizing TRIRIGA‟s advanced capital planning and estimating enhanced their decision support.
  • IWMS drives Bottom-Line Performance: Area Opportunity Value Energy Reduce facility energy costs/carbon emissions through increased project efficiencies 15% + reductions in energy costs University collects, manages and analyzes data from buildings to gain intelligence and insight to energy and facilities management for a significant projected energy savings. IBM consistently achieves energy cost reduction on equipment monitored between 10-15% and reactive maintenance decreased by 16%
  • Summary of benefits: Top-Line Performance Area Opportunity Value Market Planning & Site Selection Reduce time from site selection to contract 5% to 6% increase in revenue weeks Project Management Reduce facility opening and remodel development cycle 6% to 8% increase in revenue weeks Bottom-Line Performance: Area Opportunity Value Lease Admin/Accounting Reduce expenses for invalid charges & late fees 5% to 8% reduction in operating costs Facilities Planning Reduce Inefficient workplaces 15% to 20% reduction in occupancy costs Operations Reduce costs through streamlined maintenance 5% to 8% reduction in maintenance costs Project Management Reduce project costs through increased project efficiencies 3% to 5% decrease in project costs Energy Reduce facility energy costs/carbon emissions through increased project efficiencies 15% + reductions in energy costs *Average ROI from Retail Customers in Revenue Week Increase **Michael A. Bell, Gartner Research
  • Take Action Now! Next steps: Ask yourself these questions: Do you want to: Leverage the value of your real estate and assets? Drive down costs? Increase efficiency and productivity? Learn more? If yes, to any all of these Call or Email us Peter Hargne, +46-70-7933319 peter.hargne@se.ibm.com Claire Penny - +353 87 769 4790 Pennycla@ie.ibm.com 30 Bengt Brander, +46 70 793 1057 bengt.brander@se.ibm.com Carsten Pedersen +45 5163 8666 carsten.pedersen@dk.ibm.com
  • Questions? TACK! © 2013 IBM Corporation