REIT Challenges Got Fixed by Leveraging Key Solutions in Real Estate Portfolio Management Software
This case study describes the key challenges faced by REIT industry professionals in managing day-to-day operations, and documents, tracking and reporting critical business processes, and maintaining numerous real estate deals. Then, it portrays the solutions to all those challenges that can empower REIT stakeholders to execute all crucial business processes with ease.
From a deal prospecting and origination stance, the partnership with their brokers is crucial. Now the tracking and management of deals are much easier with a deal tracker solution. Just fill out the new deal form with key details and the rest will be managed by this fully automated platform. With the robust functionality in each module, it is very simple to add or modify the deal details whenever you want. Whether the deal is active, inactive, or pending, there will be no difficulty in finding the exact results you require.
A customized solution for REIT Reporting enables you to quickly generate customer-facing financial reports that can be instantly shared on a regular basis since different stakeholders require different KPIs. You can enable high-level reporting by constructing workflows using your data that use behind-the-scenes intelligence. By using these analytical processes, you may quickly examine the information at the property, portfolio, or transaction level to assist you to make decisions rather than taking the time to study and analyze numerous reports and spreadsheets to find the information you need.
Using an automated document management system can simplify complex REIT operations. All your documents can easily be organized using document workflows in accordance with the managed metadata. SharePoint makes it possible for immediate document access from everywhere, which boosts the efficiency of numerous departments within your real estate company. No complex emails are required to share the documents with your lease, sales, rent, or legal team. The solution allows users to manage and save all documents and templates in a single, safe location, establishing a "paperless workplace" that reduces the risk of data loss due to fires or other natural catastrophes.