Case Study: a leading Australian financial services firm saves $18M over 3 years with VergeSense

a leading australian financial services firm saves $18M over 3 years with VergeSense

A leading Australian financial services firm faced a challenge after building out a new 14-floor headquarters. Their initial space design was based on assumptions, and they needed data to validate if they had excess capacity. A major issue was that desk booking data was inaccurate, with 95% of desks booked but 50% actually available, creating a perception of full occupancy that didn't match reality. They turned to VergeSense for a solution.

VergeSense deployed its sensors across the entire building to track real-time occupancy. The data proved the firm had more than enough space, allowing them to safely eliminate three floors and renegotiate their lease. VergeSense also provided Space Booking Automation to resolve the ghost-booking problem. This solution saved the firm $18 million over three years, reclaimed hundreds of hours of meeting time weekly, and increased employee experience scores post-transition.