Modern-day property management software has made real estate processes easier. With several options, real estate companies struggle to make the right technology choices. Proper planning of business goals can help you define your technological needs. If you want to automate several processes, then on...
Cloud migration is becoming increasingly popular and for all the right reasons. Recent figures from the 451 Research Group show that 90% of the companies use some form of cloud computing. Moving to the cloud has several benefits such as reduced costs, improved security, and more storage sp...
With the advancement in technology, more companies are implementing VoIP for quality business communication. A survey by Software Advice found that most companies preferred VoIP over other forms of communication systems. The cost-effectiveness and high reliability make it one of the best s...
Real estate technology has been transforming the industry, especially by improving work efficiencies. Rapid digital innovation has presented endless choices to companies looking to automate their processes. From handling tenants to managing payments, real estate ERP provides solutions to every probl...
Leases are bulky but essential documents in every real estate business. These documents carry important clauses, making lease management even more difficult. Reading leases every time a tenant wants to sign them can be time-consuming. Instead, lease abstracts serve as a summary of the original docum...
The real estate industry deals with a large number of transactions every day. In 2020 alone, 5.64 million existing homes were sold in the US. These transactions also vary in magnitude from huge property investments to small maintenance expenditures. That’s why accounting and bookkeeping pl...
The Covid-19 pandemic brought unprecedented changes to every global industry--including real estate. Companies are making up for the lost time by rethinking their work strategy. As more employees have started working remotely, property managers are also considering outsourcing.
Outs...
Common Area Maintenance (CAM) reconciliation sounds simple. Just add up all common area expenses and divide them among all the tenants. But in reality, it is a complex and time-consuming process.
You might miss certain expenses or end up overcharging your tenants. Additionally, any ...
Working in the real estate industry is not easy. Expanding client base, handling tenants, and marketing properties--real estate management constitutes a multitude of tasks. While each of them is equally important, you can manage your work better by outsourcing a part of your property management....
Technology has changed the way real estate property management functions. From marketing to management--every real estate process can be automated. Often, property managers find themselves using multiple software to manage all their activities. This solution comes with its own problems. Instead, we ...
Property management companies are focusing on lease abstractions as a means of communicating leasing terms with their tenants. Many companies hire an in-house team for lease abstractions. But commercial real estate leases require experts as they are bulky and complicated. That’s why outsourcing is o...
Are you wondering how to implement workflow automation in your business? KriyaGo provides software support to companies with the aim to automate a maximum number of tasks. With this, you can optimize workflow and improve your overall business processes.
Automation can do almost everything...
ERP software is a fast-growing technology trend among companies. Nearly 50% of companies have implemented ERP to automate business processes. These systems have various benefits like better business efficiency, cost savings, and task management. Yet, some companies are skeptical about impl...
Low-code and no-code software are meant to build tools for business automation. Unlike traditional software, these tools require little to no coding knowledge. Instead, they use simple features to enable non-IT developers to build applications.
Just like their names, no-code require...
Outsourcing is a popular option for companies that want to expand their workforce. It is estimated that every year about 300,000 jobs are outsourced in the US. Companies prefer outsourcing as it provides flexibility, expertise and cost savings. This is especially beneficial for small busin...
As a property manager, accounting is a significant part of your work. In 2020 alone, 5.64 million existing homes were sold in the US. With so much transactional data, you need to have strong accounting skills to maintain a realistic picture of your company's financial health.
A company's back office employees do not directly contact a client. They are also not the face of the company. But the back office handles crucial tasks and functions to make front office management easier. Back office staff usually handle administrative and operative functions.
When you are considering Azure migration, choosing the right strategy makes all the difference. Microsoft recommends a four-step approach for Azure migration. Based on this, multiple methods utilize different services and tools. Out of the many, we will discuss the four popular planning models: Reho...
Most businesses nowadays prefer outsourcing their IT needs. Whether they are a small startup or a big company, a managed IT service provider can take charge of an organization’s technology requirements. It is a cost-effective and time-saving decision to hire an expert.
Out...
ERP systems integrate all business processes. However, companies choosing ERP have their share of doubts and questions. While ERP systems can streamline your business process, these projects do not come without challenges. Nearly 11% of ERP implementations fail to go live in the allotted t...
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