Case Study: a global investment bank achieves $2M in annual cleaning savings and 30% energy cost reduction with VergeSense

Global investment bank cuts cleaning costs by $2M with VergeSense

A global investment bank was spending $4 million annually on cleaning a major office using a rigid, fixed-fee model that cleaned every space regardless of use. Simultaneously, its sustainability team lacked the data to reduce energy consumption from HVAC systems running at full capacity on often-empty floors. The facilities teams were operating blind without real-time occupancy data. To address this, the bank deployed VergeSense to gain insights into space usage.

By integrating VergeSense occupancy data with its building operations platform, the bank automated its workflows. This allowed for a shift to usage-based cleaning and connected HVAC scheduling to real-time occupancy, reducing energy in low-use areas. The solution from VergeSense delivered a 50% reduction in cleaning costs, saving $2 million annually, and achieved up to a 30% reduction in daily energy costs.

Global investment bank