To stay competitive in the property management industry, it’s crucial that your systems align with your long-term strategic plan. The most effective way to achieve this is by conducting both a Business Assessment and a System Assessment. These assessments provide valuable insights for strategic decision-making. They serve as invaluable roadmaps to success. Business Assessment The
The affordable housing industry has been navigating a dynamic landscape, marked by both challenges and innovative solutions. Last week, the Lynx team had the opportunity to attend the Spotlight on Affordable Housing session at YASC in San Diego, where a range of pertinent topics were discussed. The insights shared provided a glimpse into the collaborative
If you want to maintain balanced financial records and promptly address discrepancies, bank reconciliations (bank recs) are essential. But completing bank recs monthly can be a struggle for overwhelmed accounting departments. Yardi Voyager’s Bank Reconciliation feature is a powerful tool that can help. It efficiently matches most transactions and flags any reconciliation issues for unmatched
So after reading Part 1 and Part 2 of this series, you did your due diligence, and found the best consultants in the industry. They’re super knowledgeable, they’re great problem solvers, and they get things done. But building a solid business partnership with your consultant is an ongoing process. In order for a business partnership
In Part 1, we talked about how good Yardi consultants can be valuable business partners - even if bad ones make you want to run away screaming. But how can you tell a good consultant from a bad one? If you aren’t careful, you can find yourself halfway through a Yardi implementation, only to find
Have you ever had a partnership with a consulting firm that went horribly wrong? Do you now consider “consultant” to be a four letter word? If you do, you’re not alone. There are far too many consultants out there who don’t communicate, don’t deliver what was promised, and take no accountability for messing up your
Managing construction projects can be a headache and a half. Projects can quickly go over budget, and get delayed. These issues are exacerbated when dealing with multiple projects at a time. The key to successful construction projects is having the right tools to handle all the moving pieces from the start - and we’re not
As we talked about in Part 1, implementing Yardi Investment Accounting (IA) and/or Investment Manager (IM) can be a field of landmines. Without the right experts, it can take three or four times as long to implement. Because of the flexibility offered by the modules, you need to design them well from the start. Otherwise,
If you invested in Yardi Investment Accounting (IA) and/or Investment Manager (IM), and your implementation has become a leaning tower of delays, you’re not alone. We’ve seen clients hire other consultants to design their IM module, and take over a year muddling through the implementation before hiring our team at Lynx to get it done
As a business owner have you ever been faced with the conundrum of whether to upgrade or stay on your current software system? You know there are significant financial benefits and you know upgrading is the right thing to do to maintain competitive advantage. So what’s the gnawing feeling in your gut paralyzing you from
