No doubt the competition has increased today, which is why it is necessary to ensure that you have all the latest equipment, tech, methods, techniques, apps, and software that would help your real estate business ahead of your competitors. The first step towards is getting the ERP Software for Real Estate in India.
When it comes to anything today, even the Real Estate ERP solution, there are a variety of providers, which makes it difficult to choose one. Here are seven key considerations that we have listed for you to find the right ERP software.
- Specific Requirements
Each real estate business has specific requirements when of the ERP software. Make a list of specific requirements such as resource planning, effective construction cost management, performance planning, in-depth, comprehensive pricing analysis, bidding and procurement, daily progress reports, billing, and more that is needed.
- Budget
It’s is indeed the main factor in decision-making as you would want to spend your hard-earned money wisely. The ERP software does have a price, and you need to make sure that the one that you select in accordance with your consideration and requirement fits in your budget very well. Do not just rely on the cheap option as you would be surely compromising the quality by doing so.
When getting the estimates, make sure that you are also clear about all the hidden costs to eliminate any end minute extra expenses.
- Customization
Unlike every industry and niches, the real estate industry has a variety of unique challenges and operational bottlenecks unique to the business area. The sole purpose of this software is to streamline and automate common enterprise processes. To get the most out of your ERP software, choose the one that is designed specifically for real estate and offers customization.
- Modularity
You would surely require a different module other than the important ones as per the need. Integration with other instruments like accounting programs would be required at some point. Not having the software that supports modularity would make it quite impossible or complex.
- Real-Time Tracking
Real-time information is a must-have these days. The ERP software is a reliable option if it meets most of your configured needs and offers real-time tracking options. Quite a good number of real estate ERP solution provides real-time information on a single cloud platform these days.
- Ease of Use
This is to ensure that all of your business members, from managers to data entry staff, can use ERP features effectively. ERP is a “platform-independent” application. It means you would be able to use it on whatever devices you have as well as whether running it on Linux or Windows office, top managers on your Mac. If not, make sure that you get the ERP software that does.
- Technical Compatibility
You will require to weigh the ERP software on various technical aspects when buying. You can ask your provider for installation on-premises, cloud-based, etc.; make sure you get real-time APIs, credit checks, application processing, and more.
