WeWork (NYSE: WE), a leading global flexible space provider, today announced the official debut of WeWork Workplace, a new space management solution built in partnership with Yardi, the leading provider of real estate software. WeWork Workplace provides companies with a universal platform that enables inventory management across office spaces, enhanced employee experiences and space optimization through insights and analytics. The proliferation of remote and hybrid work models – vastly accelerated as a result of the pandemic – has created new opportunities for both employers and employees to fundamentally rethink the office and how we engage with it. WeWork Workplace marries space, asset and people management capabilities, removing guesswork from designing a strategic work model by providing actionable data to inform decision making in real time. As a result, the software aims to help employers reduce real estate costs, while empowering employees to more purposefully engage with the spaces they choose and create more meaningful physical connections. WeWork Workplace is the only product in the market that can combine all space types (privately leased/owned, WeWork and WeWork shared/affiliate) within a single experience. Additionally, companies that may need overflow space will have the option to enable access to WeWork and WeWork affiliated locations for their employees globally. “Businesses today must solve for bringing flexible work models to life – optimizing their spaces without sacrificing the culture, collaboration and productivity that happens in-person. This is what we aim to deliver with WeWork Workplace,” said Scott Morey, WeWork’s President of Technology & Innovation. “Combining our advantages in scale, speed and access to flexible spaces, with Yardi’s industry-leading software and tech capabilities, WeWork Workplace doesn’t stop at desk booking or at backend insights – it aims to solve for a dynamic, constantly evolving future of work.” A One-Stop-Shop Solution WeWork Workplace combines the capabilities needed, in one place, to help build, manage and evolve any office space strategy. The software aims to help businesses: Enhance employee experience across an entire portfolio. Dynamic, collaboration focused features built in – interactive floor maps, team booking capabilities, overflow booking automation, visitor management, company announcements and calendar integration, make engagement with the office more intentional and impactful.Manage and optimize all spaces regardless of asset type or geographic location. Universal portfolio management – across all asset types – enables office space strategies centered on utilization. Create user groups, spatial zones and navigate capacity and overflow management. Future proof real estate strategies through actionable insights. Make decisions with confidence through access to stronger, more accurate data. Instantly look into daily and building level data, or view trends over time, such as booking to occupancy ratio, including the ability to sort by property type. Designed to offer a frictionless office experience for companies of all sizes, helping to maximize their spaces for collaboration and innovation, WeWork Workplace is uniquely positioned to enable companies and their people to continuously adapt to a flexible world of work. To learn more about WeWork Workplace, and to sign up for a live demo, visit:...
Introducing Yardi Kube
Single Platform Coworking Solution
Yardi Kube™, a single platform solution for coworking and shared workspace operators, is now available. Introduced this week at the GCUC conference in Denver, Yardi Kube is designed to help coworking operators successfully grow their businesses, eliminate third party integrations, save time and offer competitive member services. With the powerful Yardi Voyager property management platform as its foundation, Yardi Kube combines accounts payable, general ledger, merchant services and more in one easy-to-use technology suite. Yardi Kube includes comprehensive accounting, online marketing integration and powerful reporting capabilities. Users will be able to easily report to owners and investors and market to new clients, all from within the platform. The member portal gives coworking members the ability to manage their profile, connect with other members, pay bills, purchase services and book space with one click. Yardi Kube can also handle management of Wi-Fi and VOIP systems. “We chose Yardi Kube because of its robust capabilities to manage our businesses. The fact that Yardi was behind the development gave us confidence in its reliability and development path,” said Willie Gutierrez, COO and CFO of Premier Workspaces, a nationwide shared workspace provider. “Yardi Kube is the long-awaited technology solution that will allow shared workspaces to scale and grow with ease,” said Dale Hersowitz, vice president of coworking at Yardi. “It maximizes efficiency, eliminates leakage and allows for real-time reporting, all in a single platform.” GCUC, which concludes tomorrow, is the world’s largest coworking event, with conferences held in five continents. About 300 attendees convened in Colorado for the event. At GCUC, the Yardi Kube team has been conducting demos of the new platform and sharing the product’s exciting features, including the accounting platform, internet listing service and prospect lifecycle tracking. “We look forward to showing the extent of Yardi’s commitment to coworking, what the future looks like for Yardi Kube, and how the platform separates itself from the competition,” said Dale Hersowitz, vice president of coworking at Yardi. GCUC attendees are invited to come by the Yardi Kube booth, #10-11, to see Yardi Kube in action. Visit yardikube.com to learn more about the benefits of an all-in-one coworking management solution for shared...
Key Features
For Coworking Software
As an operator of a coworking space, you’ll have many choices when selecting a management platform to power your shared workspace. Compare pros and cons and check what features each choice provide, but make sure these five features are included in your software. Robust Accounting Accounting is a vital component to the operation of your space. You may choose a software that integrates with third party applications such as Quickbooks, FreshBooks, or others. That is a significant step up from manual labor. In a perfect world however, your management platform would have all accounting solutions built in. This will eliminate third party apps for accounts payable, payment processing, merchant services, and reconciliation, among other functions. ILS There are numerous benefits to having an ILS (internet listing service) built into your coworking management software. List your space and eliminate marketing time and dollars. Potential members can check out your space at a glance, and improve the quality of your leads. In addition, you will greatly benefit from the ability to sell your services online in real time. Offer spaces, services, and just about anything else you can list. Keep track of sales and revenue live. Real-time Reporting Real-time reporting goes beyond just statistics. Being able to track data and results live will help you track sales, revenue, space usage, and many more driving factors of the success of your space. At the end of the day, the goal is to increase your revenue and provide better service to your members and guests. Real time reporting is at the core of all those goals, as you’ll have visibility to change membership plans, designs, and service based on tracking data over periods of time. Learn more about the benefits of CRM and automated booking in your coworking management software on the...
Member Personas
For the coworking space
One of the most critical aspects to properly marketing your coworking space is building member personas. You could be doing tons of hard work and spending time and dollars on marketing, but if you’re not aiming at the right target, it could be all for nothing. Let’s take a look at how and why to build member personas. What are member personas? Imagine creating your ideal member, in detail. Consider what characteristics, habits, demographics, and many other factors formulate the member you would most associate with your space. For example, you could say ‘Tom’ is an entrepreneur, based in Miami, age 34, losing creative spark due to isolation, and needs to work a flexible schedule due to other demands. Tom is your target customer. This guide is a good way to check off the questions you need answered, so that you’re not just marketing to “everyone.” But why can’t you just target a wide scope and range of potential members? You’re bound to hit on some of them, yes, but for the most part this isn’t a prudent strategy. You’re going to be wasting your efforts targeting lots of personas that simply don’t match with what your space is all about. If your scope is too wide, your space will be too formal for some, too informal for others. It may be too large or too small. It may be out of driving distance. It may be out of budget. An important note from coworking marketing expert Cat Johnson is that your potential member can get a desk and Wi-Fi in many places. Make sure you are targeting someone who needs more than that, be it intangible features like community and collaboration, or tangible benefits like conference rooms and after hours access. Learn how to create...
Yardi KUBE Preview
New, Single Platform Explained
Ed. Note: WUN KUBE has joined the family of Yardi property management software. KUBE provides a suite of technology products for coworking and shared space management. This piece on the new platform originally appeared on the KUBE Blog. As we approach the much anticipated release of the new Yardi KUBE platform, we conducted a client-exclusive Q&A session to address a variety of topics. The response was overwhelmingly positive and we cannot wait to debut the new KUBE. We will beta launch in January 2019, and full roll-out is set for April. Below, we’re going to summarize some of the main talking points from the recent webinar. What are the main changes for KUBE? It’s tough to put into words exactly the incredible extent to which Yardi is impacting our platform, but we tried to do so again in the webinar. Dale Hersowitz, our VP of Coworking, explained that Yardi is best known for building software for the real estate industry, from commercial to multiunit to many other facets. They are now fully diving into the Coworking world with the acquisition of WUN last year. The most important change for KUBE is essentially putting together a single stack. What does that mean? Yardi has a full general ledger suite, an accounting package, they’re also a merchant, they offer a vendor procurement solution, they are an e-broker, and KUBE will continue to provide the operational component to power your day to day functions of your space. No more third-party integrations. Yardi will encompass 7 modules in one tightly integrated solution. Everything in a single platform allows for greater efficiency, cost savings, prevents leakage, and enables operators to scale effectively. Enhancements and New Features The attendees asked several questions regarding the enhancements of the new platform. Yardi has a...
New Coworking Trends
Tech's Important Role
When it comes to shared workspaces, we know technology is a major driving force. Today we look at some of the most important workspace technology trends shaping the coworking industry. The Internet of Things What is the IoT? Basically it is the connected amenities we use daily to send and receive data. The IoT includes physical devices such as virtual assistants, vehicles, appliances, smartphones, and just about anything else you can think of. Like this Forbes article suggested nearly 4 years ago, anything that can be connected, will be connected. What do we want in a coworking space? Smart connections. Building community. Enhancing relationships. The IoT improves the atmosphere and the benefits of a shared workspace. IoT powers meeting spaces, runs automated coffee machines, controls keyless access systems, promotes energy saving and much more. The uses of IoT are endless and only growing. By 2020, the number of connected ‘things’ is expected to reach 50 billion, and an estimated 99% of those ‘things’ can be further optimized. 94% of offices that chose to implement the IoT have already seen a return on investment. The future is only going to bring wider implementation of the IoT in shared workspaces. Mobilization Just about anything can be done via a mobile device today. And in the very near future, that ‘just about anything’ will become ‘literally everything’. Mobilization of our world is happening faster than any other aspect of our business lives. You can successfully run your coworking space from anywhere in the world via mobile phone, laptops, tablets, and more. This is allowing operators to work on expansion, design concepts, marketing, and many other aspects of running a workspace while the day to day running of the space basically runs itself. There’s so many coworking-relevant apps that it can be hard...
