Manage Challenges in the Real Estate Industry with an ERP System
With a growing population, demand for real estate is increasing and so too is the need for technology which helps in improving the management and productivity. SAP Business One ERP Software helps streamline every process from operations, finance, procurement, development to sales – efficiently maintaining business operations, ensuring quality, tracking costs and accounting, facilitating the inventories and managing the supply and availability of resources. Real Estate organisations consistently need to invest in and adopt the latest technologies in the market to ensure improved customer service, high occupancy rate and less operational costs.
SAP Business One ERP Software – Key Functionality for Real Estate
Accounting module helps users in keeping track of all their accounting transactions including payables, receivables, bank reconciliations among others and enables them to make better decisions. Improved financial reporting with real-time information from all departments including costing, profitability, exposure, cash flow, trends, budgeting, fixed assets and period end reporting.
Lease Management, Sales and Billing
Tracking and managing the lease terms and their expiry or renewal dates manually is difficult and more often subject to human errors. All this can be automated with reminders and recurring billing to ensure no revenue losses. Maintain stock of units ensuring occupancy rates are high.
Business Development, Legal and Liaison
Stay ahead of competitors with opportunity and pipeline management, customer relationship management and campaign management. Manage the sales lifecycle from prospecting / pre-sales / tendering to sales closures and improve lead conversion and customer profiling. Have predefined document templates that can be emailed directly to the clients. Maintain a checklist and schedule of clearances to be followed.
Maintenance and in-house service of all equipment. Maintain preventive maintenance schedules and ad hoc repairs job cards integrated with inventory and purchasing for sub contracted maintenance.
Analytics, Regulatory Compliance and Reporting
Analytics module can play a vital role in transforming your data into powerful decision making tools. Data visualisation will improve efficiency, decision making and productivity. Manage exceptional events with automated workflow and alerts. Have security audit tracking, archives of historical transactions & electronic signature approvals. Easily define the process validation and generate report as per compliance.
Project Planning, Resource Planning and Budgeting
Manage your projects gaining complete control over open issues, documents, attachments, and various activities to avoid risks and stay competitive. Development projects must not only be carefully planned but, also executed on time and within budget. With this extension, you can manage high-level planning, budgeting of material, equipment, labour, and sub-contracting to name a few.
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