Introduction: In a rapidly evolving real estate market, IGS has always been at the forefront, adapting to changes and embracing new opportunities. The partnership with BAS has been a strategic move to further enhance their operational efficiency and technological capabilities.
Challenges and Strategic Responses:
Proactive Market Adaptation:
- Challenge: The 2020 COVID-19 lockdown period presented unique challenges, with a surging real estate market demanding more sophisticated operational approaches.
- Strategic Response: IGS, already adept in market navigation, identified the need for an advanced accounting system. Transitioning from Peachtree to Yardi Breeze, IGS demonstrated its commitment to staying ahead in the industry.
- Challenge: An increasing portfolio, including a large increase in lots in Florida, required a more dynamic and efficient management system.
- Strategic Response: Embracing Yardi Breeze, IGS not only modernized tenant payments but also enhanced overall operational management, moving from traditional methods to a more streamlined, digital approach.
Impact of BAS Partnership:
- Rapid integration and adaptation to Yardi Breeze resulted in a smoother, more efficient operational workflow.
- IGS could offer online access and remote work capabilities.
Financial Reporting and Analysis:
- The partnership yielded more extensive reporting capabilities, enabling IGS to offer detailed business projections and insights to stakeholders.
Time and Resource Management:
- Significant time savings in tenant payments and financial reporting.
- Lease management, including renewals and expirations, became more streamlined and accurate.
- Enhanced online payment system, leading to a more seamless tenant experience.
- Automated leasing and invoice processing, further reducing manual workload.
Results & Insights:
- Operational Transformation: The collaboration led to significant operational improvements, marked by increased efficiency and better use of technology.
- Confidence in Financial Reporting: IGS now enjoys enhanced confidence in its financial reporting, backed by comprehensive and accurate data.
- Enhanced Tenant Services: The shift to an automated, online system has not only streamlined operations but also improved tenant satisfaction.
IGS is optimistic about future prospects. The focus remains on leveraging technology for optimal operational performance, ensuring audit-ready financials, and continuously improving tenant services.