The real estate industry is behind the curve when it comes to harnessing software and technology to improve performance and operational effectiveness. This creates an opportunity to leverage newer, cloud-based software solutions that deliver better financial returns for stakeholders by streamlining analysis, reducing risk, and improving productivity and output.
In order to stay competitive and deliver compelling value, real estate investors need to realize the benefits of software to:
- Facilitate collaboration and streamline processes with intuitive user interfaces and repeatable workflows designed for accuracy and effectiveness.
- Make the best investment decisions with centralized information and more visibility into data for faster and more accurate reporting and analysis.
- Protect valuable internal data assets by retaining tribal knowledge and protecting valuable internal and historical data.
The key to capturing these benefits isn’t in a larger workforce, sophisticated data centers, complex Excel formulas, or in-house storage servers. Rather, cloud-based deal management platforms are specifically designed for the needs of institutional investors evaluating and executing property transactions. These platforms integrate software, provide better visibility of and access to data, support automated and simpler processes, and enable data-driven decision-making.