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:
- All the features you need
- User friendly interface
- Good maintenance service
- 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.