Building Engines Forms Strategic Partnerships with Hatch Data and LinkSquares to Bring Energy Management and Contract Analytics Capabilities to CRE Building Operations
June 30, 2020
New Partnerships Expand Building Engines’ Robust Partnership Program, Providing CRE Industry with Critical Technology
Boston:
Building Engines, the leading provider of modern building operations software for commercial real estate (CRE), has partnered with Hatch Data, a leading energy and performance management software platform, and LinkSquares, an AI-powered contract analytics and management solution. By expanding its robust partnership program, Building Engines will continue to enable CRE owners and operators to seamlessly access critical technology at a time when building operations optimization is key for the re-occupancy process.
Many buildings are at lower occupancy but are preparing for more tenants to start reoccupying their office spaces, so it’s critical for property management teams to maintain the right level of energy usage and utilities spend while operating healthy, safe workplace environments. The Hatch Data platform provides real-time visualization and monitoring of energy usage, demand and other operational metrics so that building operators can act immediately with adjustments to property, facility and asset management practices and plan operational and capital improvements. Users can also track planned improvements, including budget, across teams and export streaming data to other property and asset management software, like Building Engines, for custom reporting.
“Building Engines has built an industry-leading building operations platform that improves net operating income across many of the world’s commercial real estate properties,” said Zach Robin, CEO of Hatch Data. “With Hatch Data software integrated with Building Engines, building operators can get actionable diagnostic and predictive measure recommendations for maintenance, operational and capital improvements—versus having to perform manual analysis themselves. We look forward to introducing Building Engines’ customers to our complementary software with its crucial energy management, proactive maintenance and performance management capabilities.”
Additionally, contract management is a major consideration for many owners and operators. Many leases and vendor contracts need to be renegotiated or, at least, reviewed due to myriad changes with state requirements and occupants’ needs. LinkSquares allows users to store and analyze existing contracts through AI-powered data extraction and search of agreements. This reduces the time and money spent on contract management by property and leasing teams by using automated data extraction of key dates and information as well as contract naming and organization. The solution also enables team members to write better contracts and finalize documents faster through full visibility into the review and approval chain, and pre-approved language.
“Building Engines’ customers handle a huge number of contracts and leases as part of the overall operations function, but managing and tracking this information is a time consuming and often costly task,” said Vishal Sunak, CEO of LinkSquares. “Contracts and leases are a foundational piece of CRE that have risks and implications across operations. This partnership is a natural extension of LinkSquares capabilities to turn these crucial and time-consuming tasks into an automated process extracting key renewal dates with the many other pieces in the building operations chain that Building Engines addresses with their customers.”
“The Hatch Data and LinkSquares solutions bolster our premier building operations platform offerings in two critical areas for customers,” said Tim Curran, CEO of Building Engines. “We continue to keep top of mind not only the challenges our customers are facing during this re-occupancy phase, but also what the road ahead looks like. Cost savings and efficiency solutions are top priorities for CRE and will continue to be. These critical partnerships will provide our customers with exactly that. We’re thrilled to be able to offer the CRE industry these powerful, cost reduction capabilities to help property teams maximize the efficiency of their buildings and portfolios.”
Hatch Data’s solution will be available through their software, while LinkSquares will be incorporated into the Building Engines platform.
About Building Engines
Building Engines improves net operating income across the world’s most successful Commercial Real Estate portfolios. Our customers increase their revenue, deliver the best occupant experience, and reduce their operating costs using our innovative building operations software platform. Founded in 2000 and headquartered in Boston, with offices in New York City and Scottsdale, Building Engines is developing, acquiring and partnering to address long-standing problems in building operations. Today, more than 850 customers—including Beacon Capital Partners, Cushman & Wakefield and SL Green—rely on Building Engines to manage critical operational needs across more than 2.5 billion square feet and 26,000 properties worldwide. To learn more, please visit www.buildingengines.com.
About Hatch Data
Hatch Data is a leading building operations performance management software platform for commercial real estate. The company serves 2,000 properties representing over 400 million square feet of space. Hatch Data software’s insights are based on 10,000+ best practices and business rules designed into the platform and validated against more than 14 billion hours of operating data collected by the company over 10 years — the most comprehensive operational data set in the industry. With Hatch Data, building operators can bring smart building benefits to their entire portfolio: better control and reduce operating costs, improve occupant comfort and productivity, extend the life of equipment, facilitate collaboration across ownership, operations and occupants, and strengthen sustainability results. For more information, visit www.hatchdata.com.
About LinkSquares
LinkSquares helps legal and finance teams work smarter and faster across the entire contract management lifecycle. Their AI-powered contract lifecycle management platform provides end-to-end support for contract drafting, versioning, and templating, as well as key insights and analytics into executed contracts. LinkSquares saves high-growth companies hundreds of hours and thousands of dollars by eliminating manual work and giving them full visibility into the entire contract processes. For more information, visit www.linksquares.com.