Amidst the pandemic and the sudden growth of tech use in business, companies across the world are automating their back office work. From cutting costs to getting faster results, an automated system can have a lot of advantages. One of the biggest areas of interest is the automation of Accounts Paya...
Your business can incur endless problems if your accounts payable is not flawless. Post pandemic all kinds of businesses have suffered from the unpredictable scenarios coming their way. The situation has become extremely volatile and sensitive. When you are working in such unpredictable scenarios no...
ERP is a proven tool to manage your business proficiently. 95% of businesses that implement an ERP experiences improvements in business processes. In addition, 82% of companies that use an ERP generated expected ROIs within desired timelines.
As a result, an ERP is a great investment for any bu...
Common Area Maintenance (CAM) reconciliation seems pretty simple at the outset. You just add up your costs and pitch them against your budget to close your books.
However, the reality is far from this ideal picture. Most real estate agencies are left scratching their heads trying to figure out ...
COVID-19 disrupted business operations across industries last year. A massive number of people lost their jobs while others had to shift to working from home.
However, all of us imagined this setup to continue for the short term. Nobody knew we would have to stay out of the office for more than...
Managing a property is no easy task. You have to take care of endless responsibilities that include maintenance, coordinating with vendors, paying staff on time, and more.
Each property you manage brings more tasks to the table and can soon overwhelm your time. The situation is more common than...
Most real estate agencies rely on their back offices for day-to-day accounting. The list of tasks covers a wide range of verticals, from vendor payments to employee reimbursements.
As a result, the back office requires considerable resources and hours to do its job efficiently.
However, mo...
COVID-19 came as a shock to most businesses. Entire industries suffered a lack of demand, while supply chains became more fragile than ever.
Worst of all, many companies had to down their shutters faced by dwindling sales.
However, one thing emerged as a positive factor to make many busine...
An efficient back office is behind every successful company. It has a big impact on your business operations and how well you can achieve your objectives.
As a result, it is necessary to give a hard look at your back office operations. It is more important than you think and decides your perfor...
While marketing is essential to run a real estate business, accounting is another vital area that cannot be neglected. Accounting in real estate is not like other sectors; it's a complex and tedious process that can be easy with the right software, but not all businesses invest in having a functiona...
If you're planning to lease out your property, you may have to consider getting a lease agreement prepared before looking for tenants. Lease agreements are written documents to safeguard your property from damages or any legal issues with the Tenant. All the clauses mentioned in this agreement shoul...
According to a report by Flexera, 36% of businesses have increased their cloud spending to $12 million in 2021. While increasing your cloud budget is important, most businesses overlook their cloud readiness when they plan migration.
A cloud readiness assessment is y...
More companies are looking to outsource most of their business functions. According to Fortunly, about 54% of companies use third-party services to interact with their customers. While cost-cutting is a common outsourcing goal, companies have their own reasons for outsourcing. Some want special...
Real estate firms incur expenses just like any other business. According to the National Association of Realtors, real estate agencies have a median business expense of $6,290.
As a result, it makes sense to manage your expenses to derive more value. It will help you gain control over your busi...
Property management is a demanding job. Unlike a 9 to 5 job, managing properties requires you to work at your client’s convenience. On top of that, property managers also need to handle marketing, legal work, maintenance, and other tasks. Looks challenging? You can overcome most of your business obs...
If you are looking for a reliable communication system for your business, you have probably heard about VoIP systems. As the name suggests, VoIP or Voice Over Internet Protocol uses the internet to make phone calls. More than one-third of businesses already use VoIP due to its cost-effecti...
Running a business is not a simple task. Entrepreneurs have to handle countless workflows and processes every single day. On top of that, they also have to manage the company's IT operations and digital needs.
At times, things go beyond the capability of entrepreneurs to man...
Gone are the days when real estate agencies relied on paper processes and spreadsheets to manage expenses. Today, most of them have switched to expense management software to streamline workflow and improve productivity.
Are you wondering if you should make a move too? Do you need more informat...
Property management is a demanding job. Unlike a 9 to 5 job, managing properties requires you to work at your client’s convenience. On top of that, property managers also need to handle marketing, legal work, maintenance, and other tasks. Looks challenging? You can overcome most of your business obs...
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