LondonMetric Property Plc, the London-based real estate investor in retailer-led distribution and out of town and convenience retail, is installing LandMark 4, the latest property management solution from Hexagon Software.
With 12.1 million sq ft of assets under management and a total portfolio value exceeding £1.5 billion, this market-leading software solution will assist LondonMetric Property’s portfolio management and strategy of increasing income and improving capital values.
LandMark 4 is a web-based system with an easy view dashboard that automatically delivers the latest, real-time property information and can be customised for individual users. It gives an auditable, single point of reference showing the current status of the real estate portfolio at a glance with high level overviews of performance indicators such as investment yields, portfolio statistics including occupancy rates and average lease terms, as well as top tenant information and transaction summaries.
The new system automates the reporting process by centralising the management and storage of data relating to LondonMetric’s property portfolio. It eliminates the need for complex spreadsheets previously used and enables period end and other ongoing reports to be generated at the press of a button without having to manually gather data from different locations. Hexagon Software has also provided LondonMetric with a ‘snapshot’ routine that freezes datasets enabling staff to carry on working without interruption when reports are being produced.
The second phase of the deployment will see Hexagon Software rolling out even more complex reporting capabilities to allow additional areas of the business to be reported on such as ‘like for like’ income and provisional tenancies. It will also enable LondonMetric to model future projected revenues.
According to Andrew Smith, Strategy Director at LondonMetric Property: “Hexagon Software has provided us with a database and reporting solution that has already provided some quick wins. In the longer term it will assist us to manage our property portfolio based on future projected rents and valuations. It will also help ensure compliance with regulatory requirements.”
For more information about LondonMetric click here
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.Read More
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