Assessments, Strategy & Selection

Partner with us to transform your long-term vision into reality. We collaborate closely with you to pinpoint your strategic business goals and identify the essential systems needed to streamline your operations, accounting, and reporting. Our expert Business and System Assessments will uncover the optimal solutions to elevate your company’s performance and drive success.

Business Assessment

The goal of a Business Assessment is to offer strategic insights for improving operations, enhancing competitive advantage, and achieving financial goals. To that end, it evaluates business processes to streamline and address pain points, positioning the company for growth, reducing labor costs, and fulfilling wish lists and pain points.

Key components of business assessments include:

• Business Process Analysis: Reviewing key business processes from start to finish
• Assess Manual Efforts: Identifying automation opportunities and removing duplication of efforts
• Operational Efficiency: Evaluating business processes, system tools, and resource management
• Strategic Alignment: Examining business goals, vision, and adaptability to change

In short, Business Assessments take a broad approach, encompassing the entire organization’s function and strategy, unlike a System Assessment, which tends to be more technology-focused.

System Assessments

A System Assessment is similar to a Business Assessment but focuses on evaluating the performance, security, and reliability of information technology systems. The goal is to provide recommendations for system improvements, security enhancements, and better integration of technology. This includes system architecture, hardware, software, databases, and applications. It may also cover IT policies and procedures.

Key components of a System Assessment include:

• Functionality Analysis: Ensuring clients use functionality to its fullest potential
• Security: Assessing vulnerabilities and compliance with security standards
• Module Review: Analyzing “nice to have” vs. “must-haves” for licensing recommendations
• Infrastructure: Evaluating software, integrations, and network resources

Based on our extensive experience working with all major systems over the past thirty years, we have found that no matter what system you’re using, there is always room for improvement. Staff may need additional training, some functional features may not be used, and often, a large part of the reporting function and key processes might be supported by Microsoft Excel and Word, which are prone to error and lack effective controls. Our objective is to identify and recommend actions to ensure your business is as effective as possible.

Our Approach

For the best results, we believe it’s ideal to conduct both a Business and System Assessment to ensure your organization has a solid view of where it is now, where it should be, and how to get there. Lynx provides valuable roadmaps and priority listings.

Our senior consultants perform in-depth evaluations of your current processes, operations, accounting system, and other elements, depending on the type of assessment. For both assessments, our findings will provide various alternatives for improvement, offering incremental and cost-effective steps towards optimal solutions. These assessments are then used to support System Selection.

System Selection

Once you understand your company’s needs from the assessments, we help you identify which systems are best suited to support your long-range business objectives. This includes systems required to meet the operational, accounting, and reporting needs of your company. Our main objective is to manage corporate expectations from new systems and ensure that sufficient internal and financial resources are committed to the project.

To truly transform how a company uses automation effectively, we have found that most companies need to plan for a three-phased, multi-year approach and provide funding for more than just the core Yardi accounting systems. We often compare operational practices against industry peer groups.

Lynx is uniquely positioned to assist with matching your requirements to the offerings of various vendors, including Yardi, and will complete a “Needs-Features Comparison” of other products to ensure that you acquire the best system for your organization. In addition, we are well-versed in the strengths, weaknesses, and pricing of each vendor’s solution.