BMS Change Process

This course will introduce and outline the key considerations and steps needed to enable a BMS change at Broker offices. Brokerage Management and Principal Brokers are increasingly eager for technology change, but do not know where to start with this process. The BMS is one of the most costly and important components of any Brokerage operation, and often a roadblock to digital integration of Brokerages. This course will outline the most important aspects of this decision process, including the unique considerations of varying Broker business models, the technology products involved in discussion when considering a BMS change, the potential solutions, budgeting expectations, and key factors to be considered before a change is made.

Following this course, you will be able to:
1. Assess if a BMS change is a feasible and value-added project for their Brokerage.
2. Summarize & identify the 3 essential & necessary components of the Brokerage technology.
3. Compare & Contrast the advantages of multiple technology offerings in the context of their own Brokerage.
4. Evaluate potential solutions and contact appropriate vendors.
5. Identify any presently unknown risks and unexpected considerations needed prior to a technology change

Recommended for: Principal Brokers, Broker Management

Note: this course is an eLearning version of a live webinar held by the IBAO on March 31, 2021. Do NOT take this course if you attended that webinar & received accreditation.