The Covid-19 sanitary crisis has accelerated Real Estate’s digital transition, the companies that have understood this today will definitely be the winners of tomorrow.
Since the beginning of the pandemic, the digital transformation of Asset Management has been one of the core issues addressed by Real Estate players.
Despite a very busy back-to-work season, which is in line with the continuity of the few months of slowdown, we are seeing an upsurge in projects and in our business.
Indeed, the market did get it: starting now the process of digitizing its Asset Management will allow it to be fully operational as of Q1 2021.
The various benefits sought:
- work on a unique and reliable data,
- strengthen operational efficiency,
- improve the close relationship with its tenants.
And if you’re still not sure about the need to go digital, here are 8 good reasons to switch to collaborative real estate asset management platform:
1. Your documents and data are not centralized in one place.
2. You spend a lot of time collecting information, both from your internal teams and from your external partners (property manager, broker, chartered accountant, etc.) and do not have instant access to reliable information.
3. All your asset management data (tenancy schedule, cash flow, financing follow-up, etc.) are modeled in one or more Excel spreadsheets, which can be very complex. It works, but reading it is tedious and the risk of error is everywhere.
4. You use several softwares to manage your assets. You do not have a 360-degree view of your assets and portfolios in real time.
5. You don't have an alert or an automated control allowing you to better identify all the risks related to your assets. You do not have a dashboard with all the real-time ratios and kpis you need for your reporting.
6. During a disposal due diligence, you spend several months building up the dataroom of your asset. This extends the duration of your transactions.
7. You need your computer to consult all your operational data and cannot do so from your smartphone or tablet wherever you are.
8. You don't have an integrated work environment in which to analyze the competition and track transactions on your assets.
If any of these situations seems familiar, it is time for you to digitize your asset management 😉.
