The global tourism sector is expected to grow its GDP contribution to $15.5 trillion by 2033, showcasing 11.6% of the global economy, and will expect to employ around 430 million people all over the world—that’s quite incredible!
Expanding global business and mobility has increased the global demand ...
Management of expenses is a vital task for any kind of small or large business, which comes with monitoring, recording, and organizing the expenses to boost profitability. Employees need to submit their expense reports for out-of-pocket expenses that are later processed and rejected or ...
Jones Network, one of the most exclusive insurance lifecycle automation software options. for real estate businesses, serves real estate owners, property managers, developers, and contractors.
Previously their operations were mostly about insurance operations, from extraction to collections. They are...
The Common Area Maintenance or CAM reconciliation process can be a very hectic task, especially when it comes to commercial real estate businesses. With multiple properties to handle, it can be overwhelming. But CAM reconciliation is crucial nonetheless and property managers can not afford to avoid ...
Common Area Maintenance is a highly complex task in itself. The CAM reconciliation process can be a further hassle due to the multiple stakeholder involvement. It is time-consuming and tedious, but extremely important to have proper reconciliation done. Commercial Real Estate CAM reconciliation...
Cash is king, and all business executives swear by it. Poor cash flow makes the daily workings of a company quite a challenge and a daunting task for business managers and executives. It affects your daily tasks and also your long-term business growth plans. Shortening the cash conversion cycle (CCC...
Software as a Service (Saas) has many advantages when it comes to automating and running a business. But SaaS integration can be a tricky affair and comes with its own set of challenges. When you do not team up with the right third-party integration partner, you can be in for many problems. As SaaS ...
A complete lease can be filled with legal word jargon and complex language. It can end up being a nightmare for you if you are not trained to understand these. Getting a concise summary of the lease makes life much easier for a property manager. Finding comprehensible information and data from huge ...
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...
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...
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...
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...
The International Accounting Standards Board (IASB) introduced IFRS 16 Leases in January 2016. IFRS 16 brings a new lease accounting system, changing the way companies report under IFRS.
Almost all companies utilize leasing in some form or the other, with some leasing retail spaces while ...
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