Month: December 2022

5 Reasons Why Real Estate ERP System Can Prevent Failure

Posted on by admina

Real estate business is booming in the UAE. The high housing demand has attracted investors worldwide. New and old real estate companies are already competing to meet the increasing demand. Real estate market is fierce and brutal. Over 3000 are competing to control. It is usual to see fresh and even known real estate companies fall down. Real estate failure is an old problem; to avoid it today, you need novel solutions like a real estate ERP system.

What are the significant reasons for real estate failure? How can Real Estate ERP systems help fix the problem? Let us find out together.

Lack of funds

Real estate business can generate significant revenue. However, they also have enormous expenses. Real estate companies have to pay for property maintenance, employees’ wages, advertisement, administrative costs, etc.

For new companies, the issue can be not having enough capital. For existing ones, funds issues can appear when the expenses are higher. High expenses can result from a variety of factors, like a decrease in closing rates and inefficiency at work.

Implementing an ERP Software for Real Estate Company provides a solution for financial problems. ERP software increases efficiency, allowing better utilization of your resources. A study of the effect of ERP implementation on the system showed a reduction of 22% in administrative costs and 23% in operational costs.

Few leads are generated

Real estate companies’ work involves selling, buying, and renting properties; sometimes, you can add property management. The company’s job is to find a house for clients interested in purchasing and buyers for property owners. They get paid for every purchase or sale they close. Therefore, they need to have more leads coming.

The old-fashioned mouth-to-mouth advertisement is still used, but it is less reliable than before. People have changed their ways of looking for properties. Thus, real estate companies must follow. Investing in marketing is a must for any real estate company. Marketing expands the market for the company and finds better leads constantly.

The next-level challenge is to have a better marketing strategy than the competitors’. Real Estate ERP systems provide real estate companies with vital information and reports to analyze sales, identify trends, and hence create well-planned strategies. Furthermore, ERP accelerates the decision-making process. Hence, the marketing plan can be applied faster to harvest more leads first.

Poor customer relationship management

In the real estate industry, the business relies mainly on relationships with clients. Client satisfaction and trust are the elements they need to stay loyal to the company. Agents know they should follow up with customers constantly, yet, many reasons can prevent them from doing so, like not being able to find the phone number or forgetting about the client’s requests. Ignoring the client has an imperative result; they leave for other companies with better customer service.

Odoo ERP software for real estate involves a good CRM system. CRM allows you to have all customer information gathered in a single platform. This involves contact information, deals and transaction details, and their requests. You can have access to all this information and respond faster while you talk to them, giving them a sense of being valued.

Best Real Estate ERP Software tools allow sleek follow-up with clients even after the deal is closed. They provide new methods that save time, such as email campaigns or sending WhatsApp messages. CRM also provides straightforward means for the client to request services from the company.

Hiring the wrong people

Odooerp.ae ERP system for real estate helps avoid hiring wrong people

Businesses such as real estate are built on trust and connection. Agents must work like a charm to give clients what they want and keep them happy. The secret here lies within the agents themselves; they have to know how to deal with clients in a way that they remain comfortable.

High salaries and good benefits of real estate jobs attract many people who know nothing about the ABCs of the real estate industry. HR departments usually have specific requirements for choosing employees, but when they choose the wrong people, the whole business feels the hit.

It is hard to find suitable candidates among tens or even hundreds. The process involves many stages and steps. ERP systems have the tools to organize and simplify them. You can be confident that you have the right team with you on your way.

Poor employee management

Passion is the fire that lights the way to success. Happy employees often perform better and score more. On the contrary, employees’ performance drops when they feel uncomfortable in their work environment.

Working on providing a pleasant work environment is an essential task for the HR department. Enhancing the workplace can be made easier with the right tools. HR ERP Systems have different tools to evaluate performance, track and reward good results, and more. The environment will reflect itself on the results and increase the sense of loyalty to the company.

For more information about real estate ERP system and CRM software, or if you have any questions. You can contact the Odoo team. We are always happy to help!

6 benefits for real estate ERP system

Posted on by admina

Real estate business is one of the major businesses in the UAE. The high demand has created a very competitive market. Thousands of real estate companies and agencies are competing to have a larger share. Yet, only few of them are using real estate ERP system.

ERP systems, or Enterprise resource planning systems are the present and the future for business management. Here are some of the benefits of ERP software for real estate company.

  • Automates all the work

There are a lot of data and information needed in the different departments of real estate companies. The old methods take a lot of time to get the job done. Furthermore, the more manual work you have, the more mistakes you can make.

How can real estate ERP system help? The answer is automation. The system will alter any data that is related to the information you change. If an apartment was rented to a customer, the system can take this apartment from the list of available properties, create dates for the rent collection, add the rent to the company revenue, etc.

ERP allow you to have several tasks done automatically in matter of seconds. Just add few information, some clicks and the system takes care of the rest.

  • Keeps your data in one place

A typical real estate company have different departments like sales, contracts, financial, legal, human resources, and business development. Each department always need information and data from the others. In a traditional module, it takes a lot of time and effort to communicate with other departments. Bad communications slow the work flow which is bad for the business.

ERP systems provides one platform to store all the information where every employee can access. Departments can have access to the information at real time. Monitoring the work flow speed can influence how the teams have to adapt and alter their working pace.

  • ERP Strengthen the relationship with the client

To have a successful real estate company in the UAE, you need to have a good connection with the clients. With many competitors out there trying to steal your clients, you need to make sure you have them with you till the closing of the deal. How to do this? Stay connected with them via CRM.

CRM (Customer Relationship Management) keeps you connected with the clients. You can have their information easily, arrange them into the right lists. In other words, the system help you stay on the same page with the clients and keep them happy. Satisfied customers means more closed deals, more revenue, and maybe some referral to other prospects.

  • Lowers the expenses

Profiting business model has more revenues and less expenses. Growing the gap between them is the key to increase your earnings. How to do that? Increase your revenue, decrease the expenses or both.

Real estate ERP systems lowers the expenses in different ways. It can alert the company when a new property is available to provide the needed maintenance and rent it sooner. The company dispense of different software and platforms they use to mange their work and use only one system. The most important part, is the system increases the efficiency of the employees therefore they will work faster which saves more money and generates more revenue.

  • Improve the decision-making process

Decision making is the toughest part of management. Choosing the right path of the company is not as easy as it seems. Yet, with better data the image begets clearer. When ERP systems keep all the data organized in one place, it is easier to have access the them and analyze them.

Good ERP software for real estate company provide all the information you need. You get to know who your best customers are, what divisions are making you the most money, when are the best times for business, and more.

  • Enhances marketing strategies

ERP systems can improve marketing strategies in multiple ways. First of all, ERP gives them easy access on the current customers information to build a good strategy and know their targeted audience. Then it gives them clearer data of the market and the prices which is essential to the strategy.

What is the best real estate ERP software?

Due to the cost needed to implement the ERP system and the time needed to do that, Real estate companies want to make sure they choose the right software. The question is how do you choose the best software?

The best real estate ERP software must have:

  1. All the features you need
  2. User friendly interface
  3. Good maintenance service
  4. Customizability for future development

You can either look for one of the available ERP systems, or have an ERP built specifically for you. The available tools have good features, many companies use them already. However, there are always some down sides. Make sure to choose wisely.

Best Real Estate ERP Software for Transaction Management to Collect Rent on Time

Posted on by admina

Property management companies have the responsibility of collecting rent from tenants and giving it to landlords. With few apartments to manage, it is a simple task. Increase the number to a hundred or more, and you will have a lot of work. 

Many property management companies use spreadsheets and note apps to organize work. Editing sheets with hundreds of cells manually is time-consuming, and having notes in a different place is makes it harder to find them. Additionally, there is a lot of room for error.

What can happen? You may forget to collect a payment from a tenant this month. Another possibility is forgetting the expiration date and having a vacant apartment for a month. How can a property management company address these issues? I suggest you consider using an ERP system as soon as possible. 

The benefits of having ERP Software for the real estate company 

If you are not familiar with the word ERP, it is an abbreviation for Enterprise Resource planning. It is a program that corporates usually use to run their businesses more efficiently. Using Enterprise Resource Planning software is a step toward success. Here are some of the benefits:

  1. All the data in one place 
    ERP platform allows you to have all your information in one place. The list of your employees, the products you have, the raw materials stored in your warehouses. The contracts, and more. It is easier to integrate when everything you have is in front of you. 
  2. ERP Improves communications 
    You can get rid of the middleman and make communication easier with ERP. Why would you send messages and emails when you can just assign a task to a member of the team, define the deadline, and add notes in the system
    Furthermore, having the information available to everyone keeps everyone on the same page. Employees from different departments can collaborate to get the work done with each other without having to wait for a message from the management to tell them. 
  3. Automated work 
    People waste hours of their time doing manual work like editing sheets and linking them together. When implementing ERP software for a real estate company, the system can automate most of the work. 
    Let us say a tenant moved out from a house; it can automatically create a task for the maintenance team to check the property and even create an ad that this property is available for rent. 

Benefits of Odoo ERP software for real estate company

Now that you know, Odoo Real ERP System are tailored to the needs of each business, it is good to ask how real estate companies can benefit from an ERP. What we can say is that there are no limits to what an ERP can do. Here are some examples

  • Create contracts easily 

Contracts are essential to sell and rent properties. They provide details about the price, and the date of the contract. The best real estate ERP software can help you create contracts easily. Just fill in the important information and you are ready to go. 

  • Alert when payment is due

The moment you create a contract related to a property, the system automatically creates alerts for the payments. If the payment is not collected, you can have a reminder notification set daily or bi-daily. 

With alerts, you can be certain that you do not miss a payment and never lose any money due to a mistake or bad memory. 

  • Create invoices easily 

Invoices are not only important proof of payments; they are essential to accountants. Odoo ERP system makes it easier to keep track of payments and received money. An ERP software for real estate company can have monthly invoices, quarterly, or even yearly, depending on the type of the contract.

Partial payment invoices are possible when the client does not pay the full amount. Partial invoices will remind you about the rest and prevent you from missing the payment.

How to get ERP software for real estate company

If you are looking for real estate ERP software for your company, you are at the right place. OdooERP.ae can provide you with the right one. The steps are simple,

  • Go to contact us page
  • Fill in the form
  • OdooERP.ae certified developers will reach out to you.

Or you can simply just Call or contact OdooERP.ae on WhatsApp by clicking here. OdooERP.ae developers are available to help you get the best real estate ERP system for your business.

Get the best real estate ERP software and watch your business grow faster and bigger. We look forward to helping you and having you among our satisfied customers.

Is Odoo the best real estate software in UAE? 

Posted on by admina

The work in the real estate business is quite hectic. When you have tens or hundreds of properties that you need to manage or sell, taking notes on the phone or using sheets is only consuming your time. This is why you need to consider shifting to real estate software now. 

What is real estate software?

Real estate software, also known as property management software, is a program used to organize and increase the efficiency of property management. Real estate software solutions can improve the communication between landlords, tenants, agents and brokers, track contracts, and organize payments, among other things. 

People need real estate software because it is hard to manage a large number of properties using conventional methods like docs, sheets, WhatsApp groups, and notes. There is a huge margin of error when you have large sheets to fill and check. 

How can Odoo help boost your real estate business?

There is no Real Estate App in Odoo, yet it can be the finest solution for the business. Allow me to show you the capabilities of Odoo.

Present the apartments

You can create an interface with the images, the address, and the description. Furthermore, add the location on the map and maybe a video. 

Odoo can show all the available properties. This lets you know how to plan your work. You can have them categorized by status (sold, rented, booked, available) or by any parameters you may need. 

Track payments

With Odoo, you can manage your revenue and expenses. You can have a list of upcoming payments and see the status of the payment to know who is late and who has sent the money already. You can have another list of expenses and pay your bills on time. 

Track the progress

The power of reports can appear again because the ability to get reports is a key to having good real estate software. Have your statistics in a heartbeat. 

With a few clicks, see how many properties were sold in the past month, how many were rented, and the amount coming from each of them. Let the numbers and figures evaluate how well each business is going, and use the information to overcome your weaknesses. 

Simplify maintenance

How can you call a good real estate software solution with improper maintenance management? You can’t. With Odoo, you can:

  • Make it easy to request maintenance and even let the tenant send a video to clarify the issue. 
  • Follow up on the maintenance status. Monitoring the list according to status prevents any case from being forgotten and maintains the property in good shape.
  • Reduces the maintenance duration. When you have all the maintenance requests organized like this, you can fix everything faster. 

Manage Contracts

There are contracts everywhere when you are in the real estate business. Tenancy contracts, sales contracts, maintenance contracts, etc., keep track of each of them and have an alert when a contract is about to expire. You can also add a way to renew the contract online or whatever you need. 

How to choose real estate software in UAE?

Before using real estate software for your company, stop, and think for a moment. Ask yourself, is this the right system to use? Choosing the wrong system is a waste of money and time. You will have to train your employees only to move to a new one soon. 

When you browse the web, you can see clearly that even satisfied users have issues with the software. Some of them have technical issues that need to be fixed; others may require certain services that are not there. 

We know there is no perfect software, but would it not be great if we could have something tailored only for us? Think about it, property management software made to meet your needs is definitely the best real estate software in UAE for you. 

With Odoo, this is exactly what you get, software that has the features you need and request. Just add any service you need, and the result is easier work and a boost in productivity. 

What makes Odoo a better real estate software

When compared to other software and platforms, Odoo Always has the upper hand. Odoo systems offer a better and more reliable experience. here are a few reasons to go for Odoo 

1-   Odoo system is customizable 

Customization equals power to the management. It means that you are not limited to certain functions the developers thought were enough.

2- Cost-effective prices

Unlike many famous real estate software, Odoo does not require a monthly subscription. After you pay for the project, you are not bound to pay monthly amounts to get the service. 

Furthermore, you do not pay more when you have more properties. Whether you are using the software to manage 100 or 1000 properties does not make a difference.

3- Better support 

Odoo teams continue to work with their clients after implementing the project. Whenever the clients have technical issues, the team will be present to fix them. 

4- User-friendly interface

Tenants, landlords, and brokers can enjoy all the features and tell how to use the software easily. Everything is organized and clear. 

Is Odoo the best real estate software in the UAE? it can be whenever you want to. Just Make an appointment with Odoo developers, and they will come up with the ideal real estate software for you.

Procurement is easier with Odoo

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Keeping a certain amount of goods in your warehouse is essential, whether running a store or managing a factory. Your businesses need certain raw materials or merchandise to keep the work flowing. When your warehouses are empty or near empty, you have a problem. 

To a store, not having enough items in the warehouse could mean missing the opportunity for sales. It is impossible to predict when the demand is going up. When you think about it, procurement takes time. Thus, it would be best if you were always ready. For a manufacturer, it can be even worse sometimes. A missing material could delay production. The delay can lead to paying fines or, even worse, losing a client. 

Why do businesses run out of inventory? 

Multiple causes can lead to an empty or near-empty warehouse. one primary cause is incorrect demand prediction. When customers try to follow a trend, the need for certain items may rise significantly. 

Another one is ordering products late. This can happen when you do not track your sales well. Sales consume the inventory, and when not met with a supply, you will end up with empty storage. 

Empty inventory is unpleasant but avoidable with the Odoo purchase app’s help. Instead of implementing solutions that consume more time and effort, go with the efficient one. 

How can Odoo Purchase help your business 

Odoo purchase is an app in the famous Odoo ERP software UAE. It is specifically designed to organize the purchasing operations for your business. Just like that, you will be able to manage the purchases and ensure you have what you need exactly when you need it. Odoo purchase automates the purchase, and you only need to supervise. 

Monitors the quantities of your inventory 

Having hundreds of different items in the inventory makes it harder to monitor every one of them. But not when you have elegant ERP software UAE. Then you only have to define the maximum and the minimum quantity for each. All the numbers are in the system, and it will notify you when there is a shortage of an item.  

On the other hand, as you select the maximum quantity, Odoo will just order the amount to need to have that amount. This way, Odoo will know exactly how many items you need to order. 

Sends requests for quotes to suppliers. 

After Odoo purchase defines the items you need to buy, requests for quotes will be automatically sent to the proper suppliers. The request can be sent via email, but when needed, there is an option to send a printed copy of the RFQs. 

The difference between normal ERP system and Odoo ERP software UAE lays in the details. With Odoo purchase your request for quotes does not have to seem rigid just because they are automated. You are not limited to specific forms; you can send custom RFQs if you want. 

Compare prices and spend wisely 

Odoo purchase provides you with the information obtained from the suppliers’ responses. You will have all the data you need ready and organized in front of you. Compare prices, and see the promotions you were offered. Lowering your costs and finding the best offers and prices in the market cannot get any easier than that.   

Manage different business with one app 

Having a group of companies with different facilities and warehouses does not mean you need a standalone app for each. Save time, and have peace of mind. Use the same Odoo Purchase to manage all of them.  

It is easy to reconcile between different branches. The system can automatically synchronize the data. It will make it easier to manage the invoices and monitor the costs and revenue for each with ease. 

Grow faster and bigger with Odoo reports 

Knowledge is power, so more data translates into more power. Reviewing your history says a lot about the business’s performance. Odoo can provide accurate purchase reports in real-time. Get different statistics and charts and focus on the details. Identify your most valuable source, check if you need to provide alternative sources for a particular material or if there is a chance to negotiate the prices of a supplier or even change the dates of the orders.   

Use this information to re-evaluate your workflow and make better decisions. with better decision, you can grow faster and bigger. You may even have better understanding of the market, thus seizing better opportunities before others realize they are even there.  

Odoo purchase is a great choice for any business owner or entrepreneur who needs to manage purchases in their businesses. But you can even get the best of it with the use of OdooERP the best erp software UAE businessmen recommend.  

Odoo apps benefits of HRMS 

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The term “Human Resource Management” refers to a collection of application programs that together facilitate the efficient management of an organization’s processes, as well as its human resources and information. Human Resources Software is utilized to combine numerous HR functions and employee relations, such as storing employee information, recruitment processes, Recordkeeping, payrolls and benefits, and compensation management. 

In light of the fact that each organization’s HR necessities and difficulties are exceptional, it is essential to implement HRMS software that can be customized, such as Odoo HRMS, relying on your organization’s problems. 

Let’s take a look at how Odoo can expand the scope of Human Resource Management and what its advantages are. 

All your personnel data is compiled 

With Odoo, you can quickly compile all of your HR data and monitor information for each department. It allows you to set permissions for the publication of information among the general public and HR professionals. Through the use of this system, you will be capable of getting notifications regarding any vacation applications, assignment requests, job applications, new audits, and even more. Clear and environmentally friendly internal communication is made possible by the software’s notification pop-up feature. 

Recruitment management 

Odoo HRMS simplifies the automation and management of a company’s recruiting and staffing procedures. It includes the generation of job descriptions, rapid resume parsing, sorting of candidates, automated interactions with candidates, and multichannel job marketing. 

  • Online posting of job vacancies 
  • Facilitation of the Recruitment Method 
  • Aid in tracking job applicants 
  • Appropriate recruitment of new employees.

Manage your employees easily

With Odoo ERP, it is simple to scan and compile the key information across a number of organizational departments. It allows you to set permissions for the distribution of knowledge among HR professionals and the general public.

Odoo’s Human Resource Management System (HRMS) takes care of every aspect of human relations. The pop-up notification for new leave proposals requirement for allocation and evaluation software makes internal communication clear and effective. 

Evaluate attendance and time 

The software for the Odoo Human Resource Management System offers weekly or monthly timesheets with optional attendance tracking. You can make a note of your employees’ working hours and organize them by project, customer, or job.

This system serves as a gateway to statistics for recording and analyzing timesheets as well as checking employee attendance. In addition, the Odoo Human Resource Management System will automatically publish time-use reports for the project. 

Maintain Leaves

Odoo simplifies the process of removing software. Managers have the option of viewing days without work requests, allowing them to determine whether or not to approve them. If the supervisor approves the request, timely notification is sent to the employee, and their calendar is automatically updated. 

Learning management

The Odoo learning management system efficiently collects, organizes, shares, and analyses an organization’s resource, document, and people-skills-based knowledge. 

  • Monitoring employees’ performance 
  • Access to instructional modules 
  • Guaranteeing the loss of data 
  • Efficiency of resource allocation. 

Payroll 

The salary of the worker is accurately calculated by the Odoo Human Resource Management System. HR managers used to struggle with keeping track of each employee’s wages, but that is no longer the case, thanks to Odoo. It facilitates the generation of payslips in an effortless manner. 

Final Thoughts 

Using the Odoo Human Resource Management System would simplify all of your human resource operations. This system is deserving of the title of best human resource management system for all types of businesses.

We are providing Odoo services to various industries across the globe. If you are looking for an Odoo ERP implementation service or a single module to meet a specific need, we can assist you. 

Reduce Your Logistics Expenses with Odoo Apps 

Posted on by admina

With the help of odoo 16 you can automate business process and can meet the requirements of your customers without wasting extra hours. If you are a business owner and deal in import export business then you need to maintain an inventory. To make an inventory is not an easy task. But OdooERP Software Dubai gives you permission to maintain the stocks of your business effectively. With this odoo software you can keep the record of your business systematically.

Odoo 16 ERP system for logistics

The idea to incorporate logistics app into your business was probably one of the best ideas you will ever get. Having an app for logistic services with a platform like odoo gives you a complete look at the needs of your business and gather all facets that are related to it as well.   By having this single database integrated within your web portal, you could control anything from anywhere in no time. Being able to make decisions about where products need so be transported is crucial for businesses nowadays which not only.

Logistic Network is the key to supply chain

Large Business Owners, Retailers and other business firms have the Logistics Network.

Upgrading the technology is the need of an hour and with the help of custom erp software you can easily maintain the stocks of your business and it will also remove the complications which may arise due to manual labor.  

Small businesses grow big with Odoo16

Odoo 16 helps the small to big business firms to automate the business strategy and make its operations smoothly through an automated ecosystem. 

Now you don’t have to waste your precious hours in calculations and updating the records manually. With the help of erp business software you can maintain the business and can enjoy the ongoing business activities through the Logistic process. 

functions of logistics for successful business

Transportation and Warehousing are the two functions of the Logistics and through it you can manage the transportation and warehousing of the Business successfully. 

Managing the transportation process is the main task of the business owner. But now there is no need to worry. With the help of odoo apps you can manage the incoming and outgoing of the stock of your products from the origin place to the destined place. The whole process takes place in a well-designed and practiced way. We can say that the business cannot run smoothly unless and until it is properly planned or executed. So, we are here with the odoo software. It will create a process so that you cannot have to face any type of problem in your business cycle. 

Final Words 

Choosing a right logistics service provider is not an easy task. It takes lots of time and effort to get the best one for you as every company offers different services. Nobody knows your business better than you and that’s why it’s necessary to pick up the agency from a reliable source who will help you in choosing the most suitable logistic solutions for your business growth. 

If you are a business owner and in no mood to experiment with any new process then take the assistance from odooERP and we will provide you with complete logistics service. Take the advantage of this service and stay up-to-date in your business world.