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Power Law company profile

Accruent

Other B2B Software · Santa Monica, United States · Founded 1995 Unicorn

Accruent is a leading provider of business office management software, serving over 10,000 customers worldwide. The company specializes in helping organizations manage their physical resources, such as buildings, equipment, and other assets, to improve efficiency and achieve their goals. Accruent operates in various markets, including healthcare, higher education, and industrial sectors like metals and mining. Accruent's software solutions cover a wide range of needs. For healthcare, they offer tools for biomed and clinical engineering, facilities management, and supply chain management. In higher education, their space scheduling software helps institutions better utilize campus resources. They also provide event management solutions to streamline workplace and campus events. One of Accruent's standout features is its use of Internet of Things (IoT) technology for remote monitoring. This allows organizations to ensure their equipment and assets are performing optimally. Additionally, their data insights tools help hospitals and other facilities plan and manage their assets more effectively. Accruent's business model is primarily subscription-based, meaning clients pay a regular fee to use their software. This model ensures a steady revenue stream and allows the company to continually update and improve its offerings. They also provide professional services, leveraging their industry expertise to help clients achieve long-term success. In summary, Accruent makes money by offering comprehensive software solutions that help organizations manage their physical resources more efficiently. Their clients span various industries, and they provide both the technology and the expertise needed to optimize operations. Keywords: asset management, healthcare technology, higher education, IoT monitoring, event management, space scheduling, data insights, subscription model, professional services, facilities management.