Who own the AMS company is like the weather...
When I work with clients to find a new AMS, one of the most common questions I get is: "Is the software company owned by private equity or is it privately owned?"
While I think this is a legitimate question to ask and have answered, it is ultimately like knowing what the weather is. You can't do anything about the weather, but you can be prepared for whatever the forecast says might happen.
A company owned privately today may sell tomorrow. A company owned by private equity today may get sold to another PE firm tomorrow. Just like the weather, there's nothing you can do to stop these events. You can only be prepared for them and react accordingly.
All of this is to say, although understanding ownership of a company is important, it probably shouldn't be a major factor in your decision, but rather one of many issues to consider.
Wes's Wednesday Wisdom Archives
Try not to OFFEND your members…
Try not to OFFEND your members… I recently received an email from an association where I’ve […]
How will you use that data?
How will you use that data? One of the beauties of technology today is how easy […]
Pennywise and pound foolish
Pennywise and pound foolish One definition of the phrase “pennywise and pound foolish” is to […]
How you respond matters
How you respond matters Very recently I wrote that I measure customer service by how […]
Your one non-renewable resource
Your one non-renewable resource For any project, the three primary resources are time, money, and […]
No system is perfect
No system is perfect When working with my clients on the selection of a new […]
Ask your members to update their info
Ask your members to update their info One of the greatest data management challenges any association […]
Customer vs. staff
Customer vs. staff In a properly designed AMS, when the customer goes online to your […]
Measuring customer service
Measuring customer service When I work with clients on AMS selection, one question that often […]
Iterate or innovate?
Iterate or innovate? When moving to a new association management system, there is often an implicit […]