Most real-estate companies are struggling hard with inefficiencies in their property management, owing to the lack of any system for data integration. Situations become more prominent as their business spreads out and its operational areas expand. To improve the management of real-estate assets, your real-estate need a little more investment on “Cloud-ERP”. It promises to make your business accelerate faster, keep you updated with latest market information and foster efficiencies in all functional areas. In other words, a one-stop ERP solution that works on a cloud network and is accessible to all streamlines end to end processes, i.e. from lead generation to project completion. Thus, no more brawling with separate software systems that cost you more money, people and time.
With any more ado, let’s get in detail how a cloud real estate ERP application can benefit you over the time with seamless property management.
#1 Get control over your lease
With ERP’s lease management feature get complete control over your lease operations, like an accurate analysis of the lease requirements, perceiving demand-supply graph and occupancy rates. Further, cloud system integrates an extensive 360-degree tenant intelligence tool and thus let you keep track over rents or renewals. With automated notifications, you can further know tenancy checks and the lease deposits time to time.
#2 Project management becomes highly streamlined
You can have an extensive project management system with a completely cloud supported ERP. Get easy tools for automated project costs estimation and costs actually provisioned by the contractors and sub-contractors. Not only costs estimation, it also automates daily billing and payments to them. Further, you can determine your profitability of the projects through the major progress indicators.
#3 Materials procurement becomes efficient
You can enhance your control on the materials procured at different points and hence can avert any crises in your inventory. Cloud-ERP makes planning for the materials purchases quicker by letting you know what have fall short and where. Maintaining suppliers directory, evaluating charts for purchase orders, and tracking shipments until they are delivered, all are possible on your cloud ERP solution.
#4 Coherent management of accounting and finances
Cloud-enabled ERP solutions will help you get real-time data on your finances, from accounting, purchase and sales departments. This helps in generating error-free reports about the materials procured, utilised or to be used. Dashboards on the ERP, that are accessible to all staff will proffer updated information on accounts receivable/payables, profits & income statements, trial balances etc.
Besides all these, you can also get information by logging onto the system on funds planning, tax rules and deductions, regulatory compliances on your different projects and keep a check on your costs to magnify profits. While there are enough compelling reasons to make use of cloud ERP in your real-estate venture, waste no more of your time on inefficient processes, sub-standard projects planning, budgeting and unorganised property management.