Blog tagged as real estate technology

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 ...

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...

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...