Transitioning Technology into your Real Estate Company
However, landlords should not shy away from using new software that will help their company become more efficient. There are quite a few reasons why all landlords should keep an open mind to implementing new Commercial Real Estate (CRE) technology.
Non-millennials do not have to make the effort themselves to implement new technology. They can outsource the learning aspect of this new software to staff members that have availability and an open mind to learning. Companies can use their younger resources to help implement new (CRE) technology.
Most employees do not want to navigate through multiple screens to get to the information they want. Everybody loves easy to use programs that can navigate to whatever information is being sought. When selecting a system or program, this is an important factor to consider.
New technology can also help employees access information on the go using phones or iPads. Think about the efficiency of being able to move a real estate deal forward if access to information is available from various sources in real time.
With an increase in reliance on technology, it stands to reason that an in-house IT employee is warranted to help ease the change and assist everyone in using the new platforms. This incremental cost can pay for itself in reducing or eliminating down time and improving reporting capabilities.
Of course, the success of any new implementation depends upon support from top management. Management needs to set the tone at the top that the new software benefits everyone. Once employees realize upper management is on board, everyone else is more likely to buy into using these new platforms.
Most people don’t like change, but times are changing and you don’t want to fall behind your competition who may already be implementing these resources. Keep an open mind to change and the efficiencies that can be gained may prove to be worthwhile in the long run.
Ask Our Experts
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Rebecca Machinga, CPA, CGMA 609-520-1188 [email protected]
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