Answers - Real Estate

It used to be that in order to manage your properties, be it apartments, mobile homes, or office space, each of the managers would have to store the data on their own machines either on software built

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

for that purpose or with an assortment of personal databases and/or spreadsheets. In order for a central office to be able to view that information or do any sort of reporting, the individual managers

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

ould have to mail a floppy disk to the central office, or, as things became more advanced, email or ftp that information. IT Managers hoped that the property managers were backing up their software in

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

case of computer crashes, but never actually knowing if that was occurring or if the backups were valid. Among the other problems that were sure to occur in these scenarios were differing versions of t

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

e software, being tied down to a specific operating system, being tied down to a specific computer (the one with the installation), and difficulty correcting problems in the data from a remote location

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

I talk about those things as if they are archaic when, in fact, many companies still rely upon these decentralized programs and databases and outdated methods to manage their properties.

Recently, h

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

owever, companies that wrote these personal solutions have begun to develop centralized solutions based on web servers. And they are not the only ones. Intense competition from Internet startups with s

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

vvy web developers backed by knowledgeable property managers and property management companies have appeared, sometimes overnight.

Is it worth it to try one of these out? What does it buy you?

Whethe

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

r you go with a proven player in the property management software market or a program written by a fledgling company, moving to an Application Service Provider (ASP) most likely provides you with the f

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

llowing important concepts. This list is by no means all-inclusive.

Centralized Data and Software

With data in one location, you can ensure backups happen on all of the properties as many times as yo

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

deem necessary. You no longer have to worry about whether your managers are backing up data.

With data in one location, you can run reports on all of the properties at the same time without waiting f

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

or managers to mail or email you their data. You can even view these reports with real-time data.

All of your manager’s machines are always running the most up-to-date version, and the ASP doesn’t hav

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

to take time building and testing the patches to make sure they patch the program properly on all supported operating systems. They can just make and test the changes on their own servers, and move th

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

ose changes to where the property managers themselves can use the modifications.

Data fixes do not require the data to be zipped up and sent to the programming company, nor do they require access into

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

your computers or networks.

Versatility and Convenience

No more are the days when you have to buy the Windows version, the Mac version, or, if you are especially daring, trying to get the version of

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

he software to work with the flavor of Unix or Linux that you have selected. If done properly, property management software will run on any of the more popular web browsers on any environment you choos

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

e.

You no longer need to bring the computer with you that has the installation on it. You can access your properties from any library, school, Internet caf?, home, or work location at which you find y

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

urself, as long as you have a connection to the Internet.

Cost

How many property managers honestly want to pay a team of IT professionals to manage all of the software and its upgrades at all of thei

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

r properties?

There is really no need to keep using antiquated alternatives. If the convenience of easy access from anywhere using any web browser doesn’t provide enough of an incentive, the easy and

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

ess expensive management and real-time statistics and reporting should. Take a look at some of the choices in online property management software today, and see how easy managing your properties can be

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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Answers - Property Management Software as an ASP

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