This post originally appeared on tBL Marketplace Partner's, RealNex blog RealNex Media Center Blog and is republished with permission. Find out how to syndicate your content with theBrokerList.
It’s no secret that PropTech is essential for commercial real estate teams.
The need for technological applications and digitization was greatly exacerbated by the pandemic when CRE suddenly needed to transition all processes online. However, the need to strategically leverage technology was present long before COVID.
Right now, industry professionals are snagging up tech tools to keep pace with the current wave of CRE. Unfortunately, there are a few misconceptions about PropTech that are preventing brokers from making the best choices for their business.
Not all CRE technologies are compatible. Buying multiple different systems creates a disconnected transaction model. Even if brokers do find a way to link disparate systems, the transaction process is disjointed. This separation between steps causes turbulence that can slow down a deal, add extra work for teams, and even cause costly errors.
On the contrary, opting for an all-in-one system is a straightforward way to ensure that your brokerage’s PropTech is in alignment. The purchasing process is easier since it’s only one investment decision. With no gaps between systems, all-in-one workflows are set up for more efficient deals.
Here’s why an all-in-one system makes sense for commercial real estate professionals:
Streamline the Transaction
Deals that don’t need to jump through hoops are bound to be smoother for teams and clients alike. With an all-in-one CRE platform, everything is synchronized. Moving through a deal is easy since there’s no need for tool-to-tool troubleshooting. When everything is in one place, the transaction becomes unified.
Compared to a disparate set of tools, an all-in-one platform makes fundamental improvements that streamline transactions.
There’s no need to worry about lost information when your brokerage is using an all-in-one CRE platform.
With an all-in-one system, everything is available when you need it. Accessibility and convenience are two major benefits boasted by all-encompassing platforms. Information automatically syncs, mobile access is always available, and there’s a low risk for mistakes. Teams don’t need to waste time updating systems with the latest information, helping them get straight to business.
Fostering Consistency between Deals
All-in-one platforms help your team shape a seamless transaction network. Separate PropTech tools can never achieve the level of consistency that an all-in-one platform has to offer. With fewer in-between steps, there is far less variation between deals. This helps brokerages offer a guaranteed product to clients – a deal that’s strong and simple every time.
Benefits for Clients and Teams Alike
Everyone involved benefits from the adoption of an all-in-one system. Clients appreciate the proficiency that comes with these platforms. Their myriad benefits helps deals run smoother and finalize faster. Your team will love the reduction of busywork and the tech-driven advantages.
Instead of fighting with troublesome tech, your team can focus on what really matters – closing successful deals.
As the business of commercial real estate relies more and more on technology, make sure that your brokerage is on their A-game. Adopting a single, seamless, all-in-one CRE system is a must for teams to keep up with the rapid evolution of commercial real estate – helping set your team up for long-term success.
Take a look at how an all-in-one system can like RealNex Navigator can streamline your workflow, improve operational efficiency and cut your costs.