ERP software has become a reliable solution among real estate rental and service businesses that look for ways to keep their clients satisfied as well as ensure their own cash flow moving. What was managed manually now can be done with the help of real estate ERP software. Companies who have migrated their operations on automated platforms are able to effectively utilize employee time, have more defined business processes, capable of identifying new opportunities, make better decisions, and easily manage teams working from different locations. This shift has made businesses more productive and clients happier.
Challenges of Rental and Service BusinessMaintaining profitability has become challenging for most of the real estate rental and service businesses. The best way to survive the testing times and grow the business is to identify the core issues and find sustainable solutions. Here, we discuss the three major challenges almost every business from the sector struggles with at some point of time.
Unplanned MaintenanceMaintenance is an ongoing process in the real estate service and rental industry and is easier to handle when it is planned. However, there always exist the possibilities of unplanned maintenance and incident management scenarios. If there are no processes to conduct periodic checks and initiate regular maintenance, the chances of such unplanned maintenance increase. Furthermore, many facilities don’t have effective request tracking mechanisms to ensure timely resolutions.
Service and Payment IssuesManually handling financial records is challenging and highly susceptible to errors. Not only does payment and service agreement monitoring becomes time-consuming; there is also a great risk of missing track of your financial transactions and records of services provided to the clients.
Poor CommunicationRental and service business requires frequent communication with tenants and clients about a variety of issues throughout the day. Misplacing these details due to poor communication creates confusion between processes. This could result in rental payments go unpaid, renewal deadlines getting missed, and service requests goes unattained, and even leave you wondering about the status of the rentals and services done. All these could significantly impact the bottom line of your business.
The right ERP software enables you to achieve business productivity through the following features and capabilities.
ERP Software manages multiple business functions via streamlining and automating business operations. This software makes an accurate operation and provides complete, 360 views into the ins and outs of your business.
Implementing Garment ERP software can help you to store all your important data in one centralized location and allow you to share them with all your team members and business partners.
