Case Study: Bank of New Zealand improves property planning and maintenance forecasting with SPM Assets

Bank of New Zealand - Customer Case Study

Bank of New Zealand (BNZ), a major financial institution with a large property portfolio, faced a challenge in understanding the condition of its assets, its maintenance obligations, and the associated future costs. To gain the detailed data and sophisticated analysis required for strategic decision-making, BNZ partnered with vendor SPM Assets to implement their asset management software.

SPM Assets designed and implemented a dedicated software solution integrated with BNZ's existing systems. Following a comprehensive property survey, SPM Assets provided BNZ with a complete, data-driven view of its portfolio. The results included consolidated maintenance obligation reports, accurate future expenditure forecasts, and a prioritized capital works program. This empowered BNZ to confidently manage landlord negotiations, avoid incorrect expenditure, and make informed strategic decisions about its property investments.

Bank of New Zealand