There has been a lot of transformations in the functioning of real-estate businesses in the last few years. In many areas, manual operations became online or cloud operations. Whatever be the case, the change was remarkable which lead the real estate market towards technological advancement. Most real estate businesses today seek for software development companies for best-suited solutions of ERP to handle all the major processes involved in buying and selling of properties. ERP software brings in the most amazing concept of task automation, reducing the burden of work to a great extent. There are advanced computing systems integrated into the ERP system which meet up to any needs of the business on demand. While advantages of integrating a software like ERP are manifold, here take a look at all of its propelling features that help real estate businesses in their property transactions and other operations.
Data accessibility along with high data integrity
With the deployment of an ERP solution, property agencies get the immediate and instant access to any data any time they need for decision-making. The dependence on other departments has reduced significantly. Crucial information like sales margin, stocks level, work status, delivery due dates and so forth are always assimilated in a centralised database and can be accessed by any agents within the businesses independently. Maintaining the data integrity is also a major advantage of using ERP software. It protects the integrity of every data by restricting any unauthorised data.
ERP has a separate module for lease management that helps in proper evaluation of lease requirements, occupancy/vacancy rates, demand-supply situations or any other assessments. It helps the businesses with timely alerts to keep check of tenancy and lease deposits. It seamlessly assists in rent management, property escalation and any renewals with all-the-round tenant intelligence tools.
Efficient management of procurement and inventory
By providing real-time integration between disparate sectors including finance, material resources, constructions and sales, the software gives absolute control to the real-estate agencies over the procurement and inventory. The software helps them in resources planning, purchase orders requirement, maintenance of supplier lists and in shipment tracking.
Capital accounting and property management
ERP software is specifically tailored to help in real-estate management and capital accounting. It operates as a platform through which different property agencies get visibility so that any of the prospective clients can make valuations of a property by accessing its past, present or its future performance.
Apart from the above, there are few more basic advantages of deploying an ERP that is a boon to buying house agencies. The software incorporates order management and billing systems which helps in billing, invoicing, order maintenance and miscellaneous sales activities. To put in simple words, real-estate ERP software helps businesses or agencies in the every-way round to gain control over their operations and property transactions.