ewwawareft SS SoftwaSoftwareReal estate software is one of the solutions needed by housing and real estate companies. This sector has been growing rapidly in recent times. The business activities of a property management company are constantly changing according to market needs.
Properti management refers to all business processes and activities that involve the management of freehold properties, residential, industrial and commercial properties, including shopping malls and apartments. However, you need not worry because with the help of an asset management system, you can manage all your assets in real time and monitor asset usage, schedule maintenance and automatically calculate return on investment, expenses and fixed asset values.
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Definition of real estate
Real estate is the housing sector or the buying and selling of buildings as we know it today, owned by major developers in Indonesia, and includes more than the housing sector. Enthusiasts of this activity are increasingly driven by regional development and development in various parts of Indonesia. Companies are chasing each other to present a real estate profile and performance that attracts many parties.
Property management refers to all business processes and activities that involve the management of property rights, residential, industrial and commercial properties, including shopping malls and apartments. However, you need not worry because with the help of an asset management system, you can manage all your assets in real time and monitor asset usage, schedule maintenance and calculate return on investment (ROI), expenses and asset value. automatically. Real estate may be used for commercial purposes such as operating a store or office, or for industrial purposes such as operating a mine or factory. However, the most common type is residential real estate used for housing.
Types of real estate
Real estate can be grouped into three broad categories based on its use, namely:
Resident
A Residence is a building used by businesses as a residence, such as housing, apartments and condominiums. The fundamental difference between condominiums and apartments. Condos are apartments sold to be owned by each occupant. The owner has the right to use, rent and sell to others. Although apartments are also known by companies as multi-level accommodation. In this residential area, there are usually places for small businesses such as convenience stores and home industries.
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Commercial is real estate used by businesses for business purposes and to make a profit. Examples are office buildings, warehouses and hotels. Commercial property refers to land and buildings used by a firm exclusively for business purposes, such as apartment complexes, gas stations, grocery stores, hospitals, hotels, offices, parking lots, restaurants, malls, stores and theaters.
Industries
Industrial industry is a sector of land-related activity. Here are some examples of these industries:
The plantation sector, in this case, includes mining and logging
The housing sector, in this case relating to residential, multi-functional housing and residential real estate
Based on these groups, this type of housing can take the form of buildings or plantations that are attached to a certain land and managed by the company for its customers.
The commercial sector comprises buildings used by businesses for commercial activities such as offices, shopping centres, apartments and hotels.
The industrial sector, in this case, includes light, medium and heavy industry.
Does the real estate industry need an ERP Software?
To successfully manage the real estate business, companies must continuously adapt to dynamic business scenarios. This requires the support of ERP software which can be customized as needed. The ERP system covers the entire management process of a real estate company. Including the sale and lease of real estate, project execution, financing and general business management. It is important that every real estate developer has a solution with features specifically designed to keep them outperforming.
ERP systems are characterized by a variety of modules that allow different business areas to be connected and communicated with each other. Thus, ERP Software go beyond a simple property management system or customer relationship management solution and allow for additional implementations such as accounting and financial reporting systems. All data management and monitoring are thus simplified and optimized.
Criteria in Choosing ERP Software for Property and Real Estate Companies
There are several criteria for choosing good accounting software for your property and real estate company, here are the criteria:
1. User-friendly system
The main thing is that the system is easy to use. Each system offered by vendors must have a different appearance and way of operating. Make sure you choose a system with a simple display and operation method so that it is easier for accountants or staff to use who only understand basic accounting in the company’s daily activities. If using the system is considered difficult, it will be difficult for you in the future, because a good system is one that makes the management process easier, not more difficult. Therefore, it is important for you to choose a user-friendly system.
2. Ensure data security
The data in the system is very crucial, whether it’s customer personal data or financial data. If the data is leaked, it will allow misuse of data by irresponsible parties. So, you have to make sure that the accounting system you choose has a layered security system so that it can keep your data safe. thus, you don’t need to be afraid of company data leaks.
3. Simplify bookkeeping of accounts payable & Down Payment Customer (DPC)
Property and real estate companies are certainly inseparable from financial transaction activities such as buying or leasing property, either by cash payment or by processing a Home Ownership Credit (KPR). For this reason, you must choose a system that is capable of automatically recording customer debts, accounts receivable, and down payments so that no transaction records are missed.
4. Quality support services
When you first use an accounting system, it’s only natural that you feel confused about how to use it. So, usually vendors will provide after-sales service in the form of training in using the system, either in person or through an online manual. The training program is aimed at system users so that they understand how to operate the system and can maximize use. Another way is to provide a manual that contains instructions and how to use it, product information, and how to solve problems that might occur.
Benefits of Real Estate or Property Software
1. A more practical system
Although we often use Microsoft Excel to perform calculations using complex formulas, there is another program that is more practical, and that is GST because it is automatic. GST (Goods and Services Tax) is an application that companies have to manage the tax process easily. Companies cannot use the manual method and just rely on spreadsheet software to help make business decisions. Because it will be very difficult to get the efficiency that the company wants.
Many companies also use different software for each unit, but this can be a pain when you have to update all software for each version. It will be more practical if all your data will be in one system.
2. Real-time business information
Requires an effective data maintenance program as the company grows. With this ERP system, we can streamline the data entry process and update information in real time and with accuracy. The work of each department must be synchronized to increase the efficiency of the company and to continue to be present in the market.
The lack of valid data can increase the risk of reducing the net operating income of a real estate business, as it requires data to make timely business decisions. It also plays a role in reducing missed opportunities due to this problem.
3. Business process automation
In this industry, ERP systems are useful for integrating business processes and improving communication for users who work in different departments within an organization. Because ERP systems can automate business management and store data in one central place. Of course this helps the users to access the data quickly. The use of ERP software in the real estate industry can help save a lot of time and capital. By automating the system, the company’s productivity level will increase.
4. Improve data security
Real estate companies have a lot of information about their owners, so they are vulnerable to hacking. ERP contains a firewall to store all data in a central system to prevent data breaches. In data access, there is a high level of security because we can closely monitor every activity. This feature can help increase customer confidence.
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