Quick Links

Mobile Security Industry News

[December 04, 2012]

Cardinal Capital Manages LIHTC Assets With Lexington Solutions

(Marketwire Via Acquire Media NewsEdge) BOSTON, MA -- (Marketwire) -- 12/04/12 -- Lexington Solutions, a leading asset management software and services provider for the Low Income Housing Tax Credit (LIHTC) market, today announced that Cardinal Capital Management, Inc., a developer and provider of asset management services for the affordable housing industry, will deploy its flagship software Fusion™ to help manage their LIHTC portfolio. In addition, Lexington Solutions will provide Cardinal Capital with automated, electronic data collection and Business Intelligence Dashboard integrated with Fusion.

"As a quickly growing LIHTC developer, we needed a system that would allow all of our asset managers to seamlessly access data from a centralized location and empower efficient analysis of portfolios," said Erich Schwenker, president at Cardinal Capital. "Fusion will help our asset managers quickly drill down into our financial data and concentrate on monitoring each property for variances. With Fusion, we will be better equipped to fulfill our mission of protecting and preserving affordable housing." Cardinal Capital and its affiliates manage over 7,500 units in more than 130 communities throughout Wisconsin, Iowa and Arizona. Continuing to expand, Cardinal Capital selected Fusion based on its requirements for a thorough LIHTC asset management solution that includes: Complete and centralized access to all their property data for every employee to provide consistent information flow throughout the company Comprehensive comparisons and real-time analysis of portfolio data to empower asset managers to effectively manage portfolios Logical and intuitive views of data and analysis that allow asset managers to quickly find information when they need it Automatically identified portfolio variances, so asset managers can spot trends or issues and take action to resolve them before they become larger.

"Working with Cardinal Capital underscores how critical robust asset management software is for LIHTC developers," said Brian Madden, COO of Lexington Solutions. "More and more developers are recognizing that piecemeal in-house solutions and Excel sheet analysis are not sufficient to produce consistent results or enable proactive analysis that today's asset managers demand. With Fusion, we're able to provide the asset management technology and services that institutionalizes a company's knowledge and positively impacts operations and the bottom line." Lexington Solutions will work with Cardinal Capital to implement Fusion's cloud-based asset management software and data collection services. With Lexington Solutions' data collection services, financial data from Cardinal Capital's management companies will be automatically imported into their Fusion database. Lexington Solutions will deploy Fusion as a hosted solution, maintaining responsibility for disaster recovery and backup systems to secure Cardinal Capital's critical data.

Today, Fusion manages more than 170,000 Low Income Housing Tax Credit units throughout the United States. To learn more about how Fusion can transform LIHTC asset management, visit: www.Lexington-Solutions.com.

About Lexington Solutions Lexington Solutions, a wholly owned subsidiary of Boston Capital, is an innovative asset management software and services provider to the LIHTC market. The company's flagship product, Fusion™, is the most comprehensive LIHTC asset management software of the market, and the only platform specifically built by asset managers, for asset managers. Fusion's built-in analysis helps asset managers to proactively pinpoint potential issues earlier, and confidently manage assets and tax credits while reducing credit delivery risk. Today, Fusion is used to manage over 2,500 LIHTC properties nationwide as the most affordable asset management solution for the affordable housing industry. For more information, visit: www.Lexington-Solutions.com.

Add to Digg Bookmark with del.icio.us Add to Newsvine Media Contact: Julie Kaviar Emerging Media 212-922-5885 julie@emergingmediapr.com Source: Lexington Solutions

[ Back To Mobile Security Homepage's Homepage ]

Request a Demo

Weekly Demonstration: SAP Mobile Secure
Solution including SAP Afaria Cloud

Free 30-day Trial

Best MDM in the cloud. Best MDM
Analytics. Best MDM price.

Featured Whitepapers

What Is Your Mobile Content Policy? A Checklist for Content Risk Mitigation
We are living in a world that only 20 years ago was the realm of science fiction. Devices once just barely imaginable have become common consumer items, carried casually in pockets and purses, with constantly growing capabilities.

SAP Enterprise Mobility: Bringing a Cohesive Approach to a Complex Market
Mobility and consumerization are creating complexity in the enterprise, but embracing the change can lead to more productive mobile workers as well as better communications with employees, partners, customers, and consumers. The trends in the enterprise mobility landscape drive a need for technology solutions to emerge.

View All

Featured Datasheets

Securing Enterprise Mobility for Greater Competitive Advantage
We are living in a world that only 20 years ago was the realm of science fiction. Devices once just barely imaginable have become common consumer items, carried casually in pockets and purses, with constantly growing capabilities.

Secure Mobile Content Management for the Enterprise
Every day employees move business files onto their mobile devices so they can work at home, on the road, or at client sites. The mobile workforce is a reality, as 80% of employees say they need to access work documents from outside the office.1 Instead of insecure, consumer-based tools, enterprises need a safe, reliable platform for managing content on mobile devices.

View All

Featured Webinar

Mobile Drives Field Service Productivity at Satellites Unlimited
Field service has never been more competitive or faster changing than it is today. Going mobile is a must to stay ahead of the competition, provide improved services, and keep up with ever-increasing customer expectations.

View All

Featured Webcast

End to End Mobility Requirements: IDC and SAP explore the 3rd Platform
A new IDC study states that we're in the midst of a shift that takes place once every 20 - 25 years - introducing a new technology platform that will inspire growth and innovation for enterprises of all sizes. IDC calls it the 3rd Platform - built on mobile devices and apps, cloud services, mobile broadband networks, "Big Data", analytics, and social technologies.

View All

Featured On-Demand Webinar

Analyst Webcast: Secure Content Management in a Mobile Age
Securing and managing content is taking on new importance as organizations try to cope with the explosion of business-oriented file sharing services while at the same time taking advantage of the proliferation of "smart" mobile devices.

View All