In Q1 2020, quite a few are either updating the BMS-like technology that they built in-house or buying a new one. This was actually predicted by a survey on how companies manage their business workflows we launched at the end of 2019. Results showed that even though users have quite a high level of general satisfaction with their current BMS solutions, there’s plenty of opportunities for BMS providers to get a foot in the door. In particular, half of the respondents were not satisfied or satisfied but still looking at what the market has to offer.
In this case, step one would be to consider how the selected solutions answer your requirements. And here follows a list of the top seven requirements for a BMS, to start with.
The price was named the main decision driver when choosing a BMS in our survey.
A modern BMS system should be able to help you with:
This is the most interesting part which really helps differentiate and select between the BMS tools. Demanding specific customization and adaptation, one naturally narrows down the choice. Here are examples of questions to ask in this regard:
List all the reports you want to have automatically generated (income per client, costs, PMs performance, etc.) and check if the BMS already supports such reporting.
There’s much more to consider when building or selecting a BMS suitable for your specific business operations. But once you have your requirements listed, be it just the seven options suggested above or 27, it will become much easier to identify how the market is responding to your exact need.
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