Is it Time for a System Assessment?

A System Assessment can assist users of property management software, such as Yardi software and MRI software, to develop a long term plan for IT success.

2013-02-10

TORONTO, ON, February 10, 2013 (Press-News.org) Proper corporate governance should mandate that a system assessment be done every two years to plan for the upgrading of a company's information systems, regardless of systems used or size of company within the real estate industry.

At Lynx Systems Inc. we believe that for any company to be successful, it needs to balance the interests of the clients, the owners, the staff, and the management team. Constant investment in the company's products and services is critical to long-term success. Sustained investment in automation or IT is part of that strategy.

Over the past decades, I've provided services to many clients with a wide variety of software including: MRI Software, Yardi, J.D. Edwards, Newstar, Spectra, CTI and Timeberline. I have found that often a client feels that their current software is no longer competitive, but they will hold on, hoping that things will somehow just get better. I believe, the truth is, without action, it seldom does. Sometimes our clients wait longer than they should because of the cost and effort that is required; however, a proper assessment of the alternatives will determine the best approach and provide a road map for their company to follow.

Based on the assessment, some companies will determine that the best approach is to move to another system. Some will determine that a wait and see approach is best, and others may decide to stay while investing in their existing software platform to make it more effective. In the past year, we have had many clients select each of these alternatives.

For those who decided to investigate other systems, a due diligence process was initiated to define the objectives for the new systems and evaluate the alternatives. For those who decided to invest in the current solution, we provided both solutions and recommendations on how to improve on the overall effectiveness of the systems. Some of the more critical issues addressed included better internal and external reporting, improvements in operational processes and workflows, integration with third party products, enhanced communication with tenants and better document management procedures.

If you believe that your system should operate more effectively, or members of your staff are constantly complaining that the system doesn't help them do their jobs, or your software is not being enhanced, then an assessment should be completed. If you want the IT solutions to help change the way the company does business, and you want to align IT goals and priorities with overall business strategy, then a more comprehensive IT Strategic Plan may be needed.

Don Robinson
President
Lynx Systems Inc.
1-866-517-1088 ext. 263
drobinson@lynxsystemsinc.com
www.lynxsystemsinc.com

About Lynx Systems Inc.
Established in 1998, Lynx Systems Inc. is a consulting firm specializing in helping real estate companies select and implement the best IT Solutions throughout Canada and the United States. The senior consultants at Lynx have assisted hundreds of companies in selecting, implementing and optimizing the effectiveness of their financial reporting and property management software. Their true value comes from their in depth understanding of the client's business, the market dynamics behind it, the best strategies that have been used in the industry and state of the art technology solutions that can maximize business potential. For more information, visit www.lynxsystemsinc.com

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