Real Estate

ERP in the cloud: a way to skyrocket your real estate

Most of the real estate companies are struggling a lot with inefficiencies in the management of their properties, due to the lack of a system for data integration. Situations become more prominent as your business expands and your operational areas expand. To improve the management of real estate assets, your real estate needs a little more investment in “Cloud-ERP”. It promises to make your business accelerate faster, keep you up to date with the latest market information, and drive efficiencies in all functional areas. In other words, a comprehensive ERP solution that works on a cloud network and is accessible to everyone streamlines end-to-end processes, that is, from lead generation to project completion. So no more fighting with separate software systems costing you more money, people, and time.

With further ado, let’s take a closer look at how a cloud real estate ERP application can benefit you over time with hassle-free property management.

# 1 Check your lease

With ERP’s lease management feature, get complete control over your leasing operations, such as accurate analysis of leasing requirements, perceiving supply and demand graph and occupancy rates. In addition, the cloud system integrates a comprehensive 360-degree tenant intelligence tool and thus allows you to keep track of rentals or renovations. With automatic notifications, you can get to know your lease checks and lease deposits from time to time.

# 2 Project management becomes highly simplified

You can have a comprehensive project management system with a fully cloud-compliant ERP. Get simple tools for automated project cost estimation and costs actually sourced by contractors and subcontractors. Not just cost estimation, it also automates billing and daily payments. In addition, you can determine the profitability of projects through the main indicators of progress.

# 3 The acquisition of materials becomes efficient

You can improve your control over the materials purchased at different points and thus you can warn of any crisis in your inventory. Cloud-ERP streamlines materials purchasing planning by letting you know what fell short and where. Maintaining the supplier directory, evaluating charts for purchase orders, and tracking shipments until they are delivered – it’s all possible in your cloud ERP solution.

# 4 Consistent accounting and finance management

Cloud-enabled ERP solutions will help you get real-time data on your finances, from accounting, purchasing and sales departments. This helps to generate error-free reports on materials purchased, used, or to be used. The ERP dashboards, which are accessible to all staff, will offer up-to-date information on accounts receivable / payable, earnings and earnings statements, trial balances, etc.

In addition to all this, you can also get information by logging into the system about fund planning, rules and tax deductions, regulatory compliance on your different projects, and controlling your costs to increase profits. While there are enough compelling reasons to make use of cloud ERP in your real estate business, don’t waste any more time on inefficient processes, substandard project planning, budgeting, and unorganized property management.

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