Today, the Business Intelligence Group has named Building Engines a winner in its 2023 BIG Innovation Awards, an annual business awards program that recognizes organizations, products, and people that are bringing new ideas to life in innovative ways. Building Engines has been recognized for its innovative achievements as a technology organization. 

“We are thrilled to be recognized for our market leadership in Commercial Real Estate technology. Our mission is to create an exceptional experience for everyone in every building with our Prism building operations platform, which spans virtually all building processes including tenant experience, maintenance, inspections, building access and security, CAD plan books, and sustainability,” said Tim Curran, Executive Managing Director, Property & Asset Management Technologies, Building Engines. “It is great to be recognized for the innovation and value that we provide to our customers, driving the performance and NOI of their buildings to exceptional levels.”  

“Innovation is the lifeforce for many organizations as the world and our culture continues to evolve,” said Maria Jimenez, chief nominations officer of the Business Intelligence Group. “We are honored to award these executives, companies, and products the BIG Innovation Award this year.”  

The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. The organization’s proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers. 

BIG Innovation Award: A Big Win for Building Engines

Prism by Building Engines is a leading driver behind this year’s BIG Innovation Award win. Prism is a cloud-based solution designed to manage operations and tenant services by automating day-to-day tasks and data collection. It is a building operations platform that connects key operational functions by using modules to create as broad or as narrow of an experience as needed. The platform also has modern interface capabilities – a mobile app – for on-the-go access and off-line updates.

Prism centralizes data and reports with dashboards and exporting capabilities for quick visibility into reliable and actionable commercial real estate (CRE) data. And its open APIs and best-in-class partners make for easy integration to in-house and third-party systems to improve CRE data sharing and reporting.

Prism continues to create better experiences and efficiencies for everyone involved in building operations, including tenants, asset managers, property managers, engineers, leasing agents, and more.

“It is great to be recognized for the innovation and value that we provide to our customers, driving the performance and NOI of their buildings to exceptional levels.” – Tim Curran, Building Engines 

Make Smarter Business Decisions with Prism by Building Engines 

The Prism by Building Engines platform allows building operators to automate tasks, communications, and reporting, and provides data and analytics to help CRE property managers and investors make smarter business decisions. And the intuitive and user-friendly UX enables property management teams to focus on important, revenue-generating job functions.  

Tenants have also embraced the Prism platform to submit maintenance and management requests. The platform has proven to reduce back-and-forth communication between property teams, landlords, and tenants by providing resolution status, follow-ups, and timely updates.

Over the past year, Building Engines has expanded the functionality of Prism to include enhancements to its Building Operations, Tenant Experience, Vendor Management, and Space Management capabilities. Highlights include:

  • The Tenant Compliance module provides detailed compliance records and reporting to ensure tenants are fulfilling triple-net lease obligations with automated reminders.
  • Prism integrates with leading workplace experience platform HqO to support commercial office owners by centralizing all key components to the tenant experience into one cohesive mobile and desktop app.
  • The Purchase Order module streamlines purchase orders and their approval process with simplified workflows and better insight into materials, services costs, and vendors needed to complete work.
  • The Prism Plans module presents digital illustrations of floor plans and the exact location of tenant issues. Stacking diagrams visually show building occupation rates, space measurements, and tenant satisfaction detail.

The State of Commercial Real Estate Building Operations for 2023

Building Engines: A Story of Success 

Our products and services have helped our customers:

  • Increase billable service revenue by 10%
  • Improve service efficiency by 50%
  • Reduce operating expenses by 20%
  • Increase rentable square footage by 3%-5%
  • Lower energy usage by 30%
  • Increase tenant compliance for HVAC maintenance by 120%

What is the Most Profitable Commercial Real Estate? Buildings Backed by Data

What is the Most Profitable Commercial Real Estate? Buildings Backed by Data

In this blog, we’ll explore several ways data can help CRE property teams to reduce operating costs and increase revenue.

Innovation for a Changing Industry 

After receiving the honor of winning a 2023 BIG Innovation Award, we look forward to the future ahead. As a leading proptech partner in the commercial real estate industry, it’s our commitment to continue to innovate so our customers can further adapt in an ever-changing world.  

To learn more about the Prism by Building Engines platform, reach out to an expert today for a demo.