Blog tagged as business process

Real estate property management is much more than just making money. If you are a property manager and owner, it is challenging because you are forced to wear a number of hats. There are endless tasks that no one has prepared you for. But these property management tasks are crucial nonetheless and n...

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 ...

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...

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...

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...

With the growth of your real estate business, non-core tasks such as accounting, administration, and compliance can become hard to manage. Instead of hiring more staff, you can choose to outsource these back-office tasks. Outsourcing has numerous benefits which is why over more than a third...

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 ...