Last Updated on May 5, 2022 by Andrew Flint
Employees’ routines are complicated enough. If they can clear the digital debris — such as spreadsheets, calendar notifications, and PDFs — from their desktops onto one streamlined platform, they can save valuable time and headspace.
Workflow automation and leasing software can streamline jobs in many ways. And today, the risks of not adopting automation in the workplace are overtaking the risks of implementing new technology. In fact, $1 trillion is lost through task mismanagement every year.
Lease management software aids in tedious administrative tasks. It takes away time sucks such as data entry, and avoids the messes caused by human error. Instead, entrusting critical date tracking to automation technology.
The Benefits of Lease Management Software
Automating administrative lease management tasks is one of the most helpful things for your team. It frees up employees’ time and minds to focus on more creative and strategic tasks.
Automated property lease management software is also good for your business as a whole because it boosts the productivity of team members by helping them make smarter, more thoughtful decisions.
Furthermore, it benefits your workplace culture. According to Smartsheet, workers welcome any chance to spend less time on repetitive manual tasks. And, 70% believe this is the biggest opportunity that automation technology presents. Seventy-two percent of workers also say they would use saved time to perform more tasks for their organizations.
Harnessing the Power of a Lease Management Platform
Optimize you real estate portfolio with lease management software. Spreadsheets and pdfs don’t serve the modern day employee. What lease management software does is highlights areas of risk and opportunity within you portfolio. It organizes tasks, reveals costs, and ensures all critical lease data is tracked. Software enables your team can work on strategy as opposed to tactics.
These benefits are invaluable when growing your business, hiring new employees, surviving marketplace challenges, and seizing new opportunities. Here’s how to leverage the advantages of lease management software so you can better act on your company’s real estate data points:
1. Assess real estate costs.
Capturing and storing real estate data points, unlocks unique insights across your real estate portfolio. Understandings lease costs better enables you to assess rent obligations, expenses by lease type, variable and fixed expenses, and lease cost per square foot. All these insights allow for more informed decisions, such as where to focus your spending next.
2. Manage important dates and clauses.
Missing critical dates on leases often results in financial consequences. Allow a termination option to pass, for example, and it could lock you into a lease that no longer suits your needs. With the right commercial real estate technology, you can automatically tracking critical dates and clauses embedded in a lease portfolio. Thus enabling your team to make quick decisions at a moment’s notice.
3. Examine trends in the market.
Leasing software offers your team quick access to real estate data analytics that can be used to evaluate market trends in real time. With this connection to trend data, you can make in-the-moment decisions and seize lease opportunities as they arise. This means you can make better strategic moves that align with your overall business goals — and put your business ahead of the competition.
It’s time to free your employees from the chaos and stress of repetitive, manual administration tasks. Instead, use a lease management platform that empowers them to spend their valuable work hours on tasks that benefit the future of your business and make employees feel creative and productive. Lease management software can bring the best of automation technology into your workplace, breathing new life into your team.