IM Properties enhances portfolio management with Landmark 4

IM Properties (IM), one of the UK’s largest privately owned property companies with a global investment and development portfolio of circa £900 million, has upgraded its property management software to LandMark 4.

Developed by Hexagon Software, the leading provider of software solutions to the property sector, this latest generation application will enable IM to further enhance the management of its portfolio of industrial, retail, office and residential properties which has a range of high quality occupiers including Sainsbury’s, John Lewis, Next, Marks & Spencer, Tesco, UPS, Volkswagen, House of Fraser, Kuehne + Nagel and Ernst & Young.

According to Adrian Clarke, Finance Director of IM Properties: “LandMark 4 allows us to maintain our reputation for consistent deliverability and high quality asset management whilst meeting the ever more stringent reporting requirements. It also provides us with a self-service solution giving instant access to key information to speed up the decision-making process and deliver the best service to our tenants.”

Before deciding to install LandMark 4, IM conducted an extensive market review to determine what would be the most appropriate system moving forward. As a long term user of the LandMark property management system, the firm had been impressed with the resilience and reliability of the software as well as the high level of support provided by Hexagon Software. IM is also a committed user of the Dream financial management system which handles all accounting requirements, with the flexibility and scalability to accommodate projected growth.

LandMark 4 is a web-based system with a modern look and feel that requires minimal training and provides immediate access to real-time data whilst reducing time-consuming manual processes. It has an easy view dashboard that automatically delivers key performance information customised for individual users and provides high level overviews of performance indicators such as rent collections, net rental yields, occupation rates and more. IM is now benefitting from time savings in data input, maintenance and both on-demand and scheduled reporting.

The new quick and easy to use property and lease wizards speed up the process of getting information into the system and auto-populates subsidiary records, minimising the need to re-enter information. Custom reporting grids provide IM with a superset of property and lease LandMark data that is easily sorted, filtered and exported to a variety of formats (such as Microsoft Excel and Word). This has made the provision of quality on-demand management information straightforward.

Regular board and third party reports on IM’s property portfolio are now produced through the reporting module which combines data from the both the LandMark database and IM’s accounting database. This has negated the need to maintain a series of intermediate reports and datasets, with the data flowing straight from source to a reporting output. As well as finance databases, LandMark 4 can facilitate the combination and reporting of data from other internal systems such HR and specialist operational databases.

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Hexagon Cloud is a new hosted platform for financial and property management solutions

Hexagon Software has announced the launch of Hexagon Cloud, a new hosted platform that extends access to its market-leading property management and financial accounting software. Hexagon Cloud will enable users to review or update information from core ‘back-office’ systems, such as approving invoices, entering account transactions or viewing property information from any internet-enabled location on any device.

“Hexagon Cloud will enable organisations to achieve administrative efficiencies and increase productivity whilst significantly reducing the total cost of ownership,” commented Hexagon Software. “Devolving Dream functionality to a hosted application will allow more users to access the system from any location using any internet-enabled mobile device to enhance decision-making, streamline accounting processes and help organisations to be more agile and responsive.”

Hexagon Cloud is a native cloud application that uses a microservice-based architecture to allow updates and new features to be seamlessly introduced to all customers as soon as they are released. It runs on a clustered container infrastructure providing elastic scalability and resilience enabling new customer environments to be created in minutes. OAuth authentication provides secure access to the application using existing Office365 or other social media credentials.

“With no upfront expenditure and low monthly costs per user, Hexagon Cloud delivers greater, more cost-effective access to business intelligence and workflows to strengthen organisational performance whilst eliminating the technicalities surrounding operating system, device or browser compatibility. Hexagon Cloud will also provide a platform for the next generation of LandMark, our market-leading property management software solution, and differentiates us from competitors with older, monolithic applications that require major upgrade projects to take advantage of new functionality,” added Hexagon.

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