Who doesn’t like saving money? For commercial real estate leaders with high overheads, every penny saved can make a significant difference. However, budgetary constraints have to be balanced against the necessary costs of managing a well-run workplace. 

ANACITY Business offers property management teams the tools to reduce workplace management costs while optimising their operational efficiency. As a smart workplace management solution, it provides them with data insights and remote supervision capabilities that are crucial in controlling costs.  

How to reduce workplace management costs?

Technology holds the key in facilitating oversight and taking informed decisions that improve budgeting.

Track expenses

The first step in controlling expenses is understanding where your money is going. As a workplace management platform, ANACITY Business is easy-to-follow, which improves the likelihood of accurate reporting. It also facilitates an overview, empowering facility managers to see where each penny is being spent. 

Improve budgetary adherence

When it comes to cost optimisation, budgetary adherence is the first tool that managers like to deploy. Planning, monitoring and controlling expenses is essential in managing expenses. But this is often easier said than done. Poor reporting and lack of historical data can lead to mistakes while planning budgetary outlays for workplace management costs. 

ANACITY Business offers managers instant access to crucial data including Budget Variance and expense reports. It also facilitates monitoring through instant and easy overview, empowering managers to make informed decisions. They can set realistic budgets and thus, control costs in the long run. 

Streamlining facility management

Managing facilities manually often leads to inefficiencies and higher operational costs. ANACITY Business centralises facility management tasks, allowing businesses to monitor and maintain assets more effectively. With features like automated maintenance scheduling and real-time tracking of facility usage facility managers can reduce downtime and extend the lifespan of equipment. 

This streamlined approach minimises unexpected repairs and operational disruptions, leading to substantial workplace management cost savings. Find out more with our article In-app Booking & Automation: How ANACITY Business is Changing Facility Management.

Reducing employee attrition

A McKinsey survey pegged the cost of employee disengagement and attrition at USD 228 million a year or higher. As business leaders Rethink their Tenant Engagement Strategy, ANACITY Business offers workplace admins the tech tools to foster engagement and improve productivity. Read more about 5 Essential Tech Tools to Improve Workplace Tenant Engagement. Also read Digitise Employee Experience: Flip the Quiet Quitting Trend.

Resource optimisation 

ANACITY Business offers tools that improve the overall work environment, such as smart scheduling, seamless communication, and task automation. These features help reduce time wasted on administrative tasks and streamline workflows, enabling employees to focus on more strategic activities. By enhancing productivity, businesses can achieve more with fewer resources, ultimately lowering labour costs and improving profitability.

Reducing administrative costs

Manual processes, such as managing employee schedules, processing maintenance requests, and handling visitor registrations, are not only time-consuming but also prone to errors. ANACITY Business automates these tasks, reducing the need for manual intervention and minimizing the risk of costly mistakes. 

Automation leads to reduced workplace management costs through faster processing times, fewer administrative staff hours, and lower labour expenses. Additionally, with a centralized platform, businesses can cut down on the costs associated with multiple software solutions and streamline their tech stack. 

Improving compliance and risk management

Non-compliance with regulatory requirements can result in hefty fines and legal costs. ANACITY Business helps businesses stay compliant by providing tools for monitoring and managing workplace safety, data security, and other regulatory requirements. The platform can automate financial tracking with automatically generated reports. 

It also facilitates facility management, ensuring regular maintenance and quick repairs. avoiding potential risks before they escalate. By proactively managing compliance and risk, businesses can avoid costly penalties and protect their reputation, which in turn saves long-term workplace management costs.

Investing in a workplace management platform is a strategic move that can yield significant cost savings across various aspects of your business. By streamlining facility management, optimizing space utilization, enhancing employee productivity, reducing administrative costs, and improving compliance and risk management, ANACITY Business helps businesses operate more efficiently and profitably.