Westwood Financial invests in company operations and infrastructure improvements

Westwood Financial invests in company operations and infrastructure improvements

Los Angeles, CA – Westwood Financial LLC, a leading real estate investment firm, announced completion today of a three-year project to overhaul technology and improve its internal systems and processes. As part of the successful completion of this initiative, the company:

– Selected and implemented MRI Software as the company’s ERP and Accounting platform. Founded in 1971, MRI Software is a leading provider of real estate software applications and hosted solutions

– Completed a comprehensive redesign of its corporate website, www.westfin.com

– Partnered with several third-party software providers to automate manual and labor-intensive processes, improving company efficiency and internal controls, including:
– AvidXchange, the largest B2B payment network in the US, to automate its accounts payable and payment processes
– SAP Concur, an online travel and expense report management platform and SAP subsidiary (NYSE SAP), to better manage and audit its corporate and employee travel expense
– ClickPay, an electronic payment platform owned by RealPage (NASDAQ RP), to create an online portal for its tenants and streamline its accounts receivable processes

– Transitioned to a paperless document management system, which included the implementation of DocuSign for online document execution.

– Made significant investments in the company’s hardware and network infrastructure to optimize performance, improve redundancy and enhance security.

The implementation of these systems and transition of company processes to meet institutional standards has improved employee efficiency, generated significant cost savings, and well positions the company for future growth.

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