Essential Features in Commercial Real Estate Transaction Management Software

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Real estate dealings often involve multiple things, like client management, broker collaboration, transactions, documentation, daily communication, administrative duties, and much more. It’s important to streamline the processes to boost productivity and achieve the desired goals. 

For any large organization still carrying out real estate processes manually, it will become a daunting task. Even for a small business, as it grows and expands, handling multiple tasks at once will be difficult. The traditional way of handling real estate dealings will lead to missing critical dates, lost opportunities, and ultimately losses in revenue. This is where real estate transaction management software can be beneficial for businesses. It will provide seamless flow and ease complex processes. Furthermore, it can reduce costs, boost efficiency and help in business growth and profits. 

Yardi Corom’s Transaction Management Software will help your business overcome real estate-related challenges and help achieve your objectives. Here are the top 3 essential features of Yardi Corom’s Commercial Real Estate Transaction Management Software. 

Centralized Data

Real estate involves a large number of stakeholders such as buyers, sellers, insurers, brokers, etc. There is an extensive amount of paperwork that defines real estate processes. Instead of using spreadsheets, transaction management software will be more helpful. It can store a large amount of data in a centralized manner which can be accessed by managers and team members with a few clicks, anywhere and anytime. 

Moreover, it helps organize your valuable data in meaningful ways and keeps everyone in the loop regarding the deal pipeline. Thus, it saves a lot of time and improves the productivity of the team. 

Deal Analysis

When dealing with multiple real estate projects, it’s important to have easy access to all the information related to important aspects, such as dates, deadlines, terms, modifications, etc. A transaction management software helps in tracking all these details and helps in comparing and analyzing the deals by storing all files in one place. 

You can edit the file as and whenever required, without the need to download it. Also, the audit trail can help you understand all the modifications done. Insightful reports can also be generated using transaction management software and a custom reporting option is also available to help with different clients.

Better Collaborations With Stakeholders

A transaction management software allows better collaboration between all parties involved. Management, viewing and sharing of important information in real-time keeps everyone updated. Therefore, it empowers faster and better communication, reduces wastage of time on calls and emails and helps in customer satisfaction. On the business side, it offers more time to managers, which can be used for generating more leads and achieving other objectives. 

Automated alerts, reminders, notifications and milestone graphs can be used with transaction management software, which helps you to be efficient and effective towards critical path items in the transaction life cycle. 

Yardi Corom’s transaction management software provides complete visibility of every real estate transaction where it can be managed from one convenient dashboard. For more details regarding its features, visit Yardi Corom.