Vaporware, Frankenstein, Whac-A-Mole – Three reasons why you should always do your due diligence before investing in commercial real estate asset management software.
When Choosing Commercial Real Estate Software, Beware of Frankenstein
You’ve heard about vaporware – software that is pitched as a completed platform, but is still missing critical components or is in a nascent beta stage.
But have you ever heard of Frankenstein software? It’s a monster that is plaguing commerical real estate asset managers everywhere.
What is Frankenstein software?
Frankenstein software is what happens when firms take existing pieces of software or functionality, stitch them together, and pitch it as a brand-new product. Think of it as a form of vaporware – it exists, but it exists as a collection of ill-matched components.
When the components don’t play well with each other, then you’re playing Whac-A-Mole. Problems are popping up like mechanical gophers, and you and your IT team are wasting time and money trying to smack them down.
How to Avoid Frankenstein Software
There is a way to avoid both vaporware and Frankenstein software – and that’s by selecting a proven commercial real estate asset management software solution. (Doing so means you won’t be wasting time playing Whac-A-Mole.)
“Pereview is an all-your-data-in-one-place solution,” says Jeff Wilson, the Founder and CEO of Saxony Partners, which owns Pereview. “We’re a company that was born out of the industry, by industry professionals, with the mission of solving these industry problems.”
Pereview integrates all your data into a Single Source of Truth, allowing for push-button reporting, customized dashboards, and standard workflows and guidelines for asset and data management. With Pereview, you can manage your assets at every stage of the lifecycle, from acquisition to disposition and everything in between.
Let’s chat about how you can do more with your data. Schedule a demo and interact with the software directly, then chat with our clients to confirm that, far from vaporware, Pereview is the only all-in-one solution you need for commercial real estate asset management.
More Information About Vaporware
If you need some more help identifying and combating vaporware, check you these articles in our “Be Vaporwar-y” series.