LAS VEGAS, Nevada, United States, 31 January 2022: CriticalAsset, Inc. (exhibitor booth N11531), announced it will be unveiling its new flagship facilities management platform, CriticalAsset, on Jan 31 at the AHR Expo in Las Vegas. Making the announcement through a Press release, the company also spoke of USD 1.2MM in funding from Tamarisc VC, one of the country’s leading PropTech investors.

CriticalAsset said the platform is a beautiful software that simplifies facilities management, service, maintenance and documentation; lowers operating costs; and improves a building’s environmental footprint. It’s also the first software to offer a truly interactive digital twin, closing the gap between construction handoffs and building stakeholders, the company claimed.

The platform is a next-generation, mobile-first CMMS, which includes a suite of smart features, including:

• Smart Interactive Floorplans, which converts paper plans and assets into interactive digital documents
• Smart Electrical Panels, in which panel schedules, fed-from, fed-to and affected areas will be completely digital
• Smart Maintenance Scheduling, which automates service and maintenance scheduling
• Smart Work Orders, in which work orders with all key asset data can be created effortlessly by anyone and automatically shared with facilities teams, field technicians and others
• Smart Document Storage, in which all building documents, pictures and plans are securely stored in one place and instantly accessible 24/7

According to the company, it is the first platform to incorporate AI into all critical aspects of facilities management. The platform solves some of the biggest problems facing virtually every building stakeholder, including facility managers, technicians, contractors, engineers and building owners, the company said. Building information is scattered all over the place, is difficult to find and is inconsistent. Facilities teams still depend on messy plan rooms, paper notes, complicated spreadsheets, incompatible software apps and risky guesswork, and key knowledge often lives in one person’s head, creating single points of failure, the company pointed out.

Without automation, facilities teams are reactive versus proactive, which takes extra time, results in more asset breakdowns, increases operational costs and creates unnecessary safety risks, while worsening their environmental impact, the company pointed out.

Covid forced many facility managers with institutional knowledge into early retirement, leaving building and property stakeholders with knowledge gaps, creating new risks.

The CriticalAsset platform, the company said, solves all these problems with a single platform for facilities managers and all building stakeholders, offering instant, 24×7 remote access to all building information and tools needed to keep buildings healthy and operational.

“CriticalAsset makes it effortless for facilities managers, contractors and commercial property stakeholders to run their buildings remotely,” said Stewart Padveen, CEO, CriticalAsset. “It lowers operational costs and improves the safety of all occupants in buildings and facilities. There is nothing that compares to CriticalAsset’s simplicity.”