No one can afford to stick with “business as usual” in a world of rapidly changing real estate technology solutions. For large real estate companies (owners, brokers and property managers) it often means moving from an outdated legacy property management software or system to a state of the art, integrated enterprise resource planning (ERP) system for their property or facility management software.
The real estate technology integrates an array of applications, including your general ledger/accounting system and other key components of your operation (such as work orders, payroll and lease administration tools) along with specialized modules that will allow you to easily process 421As, perform Procure 2 Pay and provide service resident screening, just to name a few. Through our process review and gap analysis, FITECH Consultants provides the insights and information you need to make an educated decision about your real estate management software.
This process evaluates the deficit between what you are using now and what you actually need. We look at:
Based on our evaluation, our consultants will determine how to best integrate and streamline the entire operation to improve productivity and profitability -- the heart of a well-designed ERP system.
One unique aspect of FITECH’s consulting team is that our experts have actually worked in real estate and with real estate technology -- so we know what to look for, what to ask and how to assess if the IT platform you are currently on is working optimally for you. For example, are your needs for property management software or facility management software holding up key aspects of managing your portfolio's needs? Remember, the real estate technology we help you select (or the one you are currently using) has to align with your operation, make sense for your tenant profile and deliver greater efficiency and accuracy.
For example, if are you in a niche market with specific accounting and reporting requirements (like senior or student housing), our team will recommend and integrate the right products for your different populations.
When it’s time to select your ERP system’s software, we can organize the entire selection process for you, schedule application demos for your users and recommend those modules that will serve your current and future needs. Questions to consider are: