Ever wonder if you’re using technology to its fullest capabilities? Or, perhaps you regularly ask yourself, “How can I manage my real estate business more efficiently?” To boost operational efficiencies, remain competitive, and maybe even lower costs, you may want to adopt some strategies that will put real estate software tools to work for you.
One of the five key takeaways from Deloitte’s 2019 Commercial Real Estate Outlook report was that “it’s imperative for CRE companies to upgrade their digital strategy and infrastructure”. The rapid evolution of technology and the growth of real estate software tools are shaping commercial real estate business models.
That said, let’s look at 4 tips to help your business increase efficiency with commercial real estate software.
Harness the power of handheld technology
Smartphones and tablets provide remarkable power in the form of convenience and portability—and when you have cloud-based technology and customized project management software at your fingertips, why wouldn’t you take advantage of it?
In today’s on-the-go world, many professionals rely on these devices for quicker, more efficient workflows. Using cloud-based commercial real estate software, and one that’s accessible on multiple devices can put your business at your fingertips.
Manage documents from the cloud
Downloading attachment after attachment—and trying to find the appropriate updated files to send back and forth to colleagues—is truly inefficient in terms of workplace collaboration.
Cloud-based file management systems now make it possible to access your business’s most critical documents anytime, anywhere, which is particularly handy when collaborating on projects with team members who are on the go or located remotely.
On top of that, real estate software tools can offer better systems for organizing, sharing, and integrating files allowing your team to save time and ultimately money.
Automate and standardize your processes
There’s no denying that commercial real estate can be a very fluid industry. Transactions, projects, requirements, and general to-dos and tasks likely change from day to day. But, there is also a constant in the way businesses operate and ultimately what the end goals are.
What doesn’t change is the desire to optimize ways of getting things done. This requires mapping out your company’s workflow and standardizing your processes. When done well, standardization can improve clarity, guarantee quality, and boost productivity.
Processes, communication, and workflows can oftentimes be automated through the use of commercial real estate software.
Implement the right technology
Adding technology to your business is typically not an easy task.
But what also isn’t easy is adapting your processes to match the way your software works rather than having your software match the way you work.
If the key to successfully increasing efficiency is to find a balance between project management software and the way your team does business, then a real estate-specific platform may be right for you.
Finding and implementing the right technology into your real estate business can be the single greatest difference between an efficient and inefficient operation.
