The October 6, 2015 edition of the Wall Street Journal contained a Journal Report dealing with the biggest opportunities and threats that Middle Market companies face. In what may be surprising to many, the WSJ defines Midsize Companies as those that have revenues between $10 million and $1 billion (these are companies of substantial size and one of the fastest growing sectors in the economy).
One of the articles in the Journal Report was a panel discussion on Big Data and how Middle Market companies can effectively use Big Data. One of the panelists made the point that any Big Data project should begin with a clear delineation of business challenges, business opportunities that might be available and how Big Data can assist in helping to deal with these challenges and capitalize on the business opportunities. In other words, how does one use Big Data to change the way things are done and get new results and better decision-making? The same article contained the results of a survey of Middle Market executives which indicated that more than one-half of the respondents considered use of Cloud Computing to provide anytime, anywhere data and applications access as an extremely valuable Big Data tool.
So one might ask – what does all of this have to do with a Middle Market company that has a portfolio of leased assets that must be analyzed, managed and accounted for? The answer refers back to the points made in the previous paragraph. Are you using the most advanced technology to manage this portfolio and provide your employees the tools to maximize efficiency? At iLeasePro, we developed our lease technology solution in the Cloud so that we could allow for easy data access, anywhere throughout the organization in a cost efficient manner. And our application is specifically developed and targeted for the Middle Market Company. No more spreadsheets, no more file cabinets with critical documents. All the information that one needs, including critical date alerts, document management, contact management and new lease accounting compliance is imbedded in the technology and is made readily available. Plus, in our Lease Analysis tool, one has the ability to analyze potential transactions and make the most appropriate decision for the organization. Isn’t this what Big Data is all about? Find out more at http://www.iLeasePro.com.