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.