Robotic process automation has taken the real estate sector like a storm. It has helped the industry evolve and embrace digital adoption more effectively. RPA can help you save money and resources in countless tasks.
However, implementing it can be a challenge. You need to assess which processes you can automate and the proper approach. That’s why RPA is one of our solutions. Today, you’ll learn what to expect if you work with us.
Contact us if you’re interested in technology implementation for your company.
The Top Benefits of RPA
We use RPA solutions like UiPath to help you streamline the work process and avoid errors.
Reducing errors from the manual data entry methods
Freeing up valuable resources which were tied to repetitive tasks
Increasing the efficiency of overall testing and utilization of the resources
Reducing human errors and labor costs
Ensuring better compliance with your policies
Improving overall accuracy
Automate everyday tasks like picking up and placing calls, checking invoices and more
Financial benefits
Property management often needs manual data processing and can be tedious and lengthy.
RPA helps companies streamline their business processes, including financial reporting. It reduces turnaround while saving hiring costs and human error. You can automate everything from invoices to other mundane tasks like checking emails.
Customized for your business
RPA robots can be customized for different tasks. We use solutions like UiPath to automate specific employee tasks. So, you you get more flexibility as we program robots to do different tasks seamlessly.
With AI and machine learning, these robots get smarter with time too. For instance, they can identify patterns over time, helping you separate between personal and business expenses.
Automated refunds customized for your business
Reimbursements are typical for any property manager. Overpayments and other mistakes can become significant setbacks if they add up. RPA allows your accounts receivable team to validate the right amount and adjust the ledgers accordingly.
Efficient reconciliation
Reconciling bank accounts with your general ledger is also considerably lengthy. You need to go through different banks and balances and compare them with your GL. RPA frees you from the process since it stores all bank statements in shared drives or your financial application.
Managing coupons
If your company issues coupons for recent homeowners, RPA lets you generate them automatically. You can upload your unique offer templates and let your teams request coupon generations. RPA processes these requests and takes care of the after-sale process.
Auditing GL
RPA also compares your GL code in predetermined templates with your current budgets. If there’s a mismatch, your RPA script can highlight the exception on your sheet. You can also configure it to upload it to a shared drive.
Updating balances
Your bank account information requires constant revisions and updates. Your RPA algorithm can verify incorrect data in your balances and update it with the correct information available in your ERP or any management software.
Correcting payment mistakes
Finally, your RPA can compare different databases to spot and correct mistakes automatically. These scripts can validate incoming notifications and update the suitable sheets and balances. This frees your financial resources from tedious audits.
Embracing disrupting technology first
Regardless of digital adoption and growth, countless property managers still rely on manual processes. Back office tasks are the most prominent. It keeps them from taking advantage of data science and other innovations.
Luckily, RPA is starting to disrupt this mindset. This technology has gained considerable traction in the real estate industry. Its intrinsic benefits are fantastic by themselves. However, it’s pushed adoption for other technologies, and that’s the primary advantage.
Evolving digital adoption
Demand has increased for more efficient and transparent business practices in real estate. The industry offers significant amounts of data available, and traditional methods don’t leverage this advantage.
Digital adoption promises a solution for most of these problems. Improvements in data deliverability and business processes can yield superior results and better profitability. RPA has become the first step for many companies, and it regularly bridges other technologies.
Use of RPA Post Pandemic
RPA has come on top of other solutions because of its intrinsic advantages, especially for the post-COVID world. Firstly, it saves considerable resources that managers can relocate to more critical projects.
Additionally, it streamlines decision-making with the recently-freed resources. You can also boost operational efficiency: faster paybacks, forecasting, and company scaling. It does more than collecting and processing data effectively. It’s also more transparent, accurate, and free from fraud.
Automating the correct processes
Finally, our services go beyond standard RPA. You need to assess which tasks you can automate, following specific criteria. Essentially, automatable processes need to be repetitive, driven by rules, and founded on data.
These aspects allow you to create automation scripts based on specific signals and triggers. Many companies don’t find the right tasks for RPA, and they fail to leverage all the benefits. Working with us ensures you can find all room for improvement.
Get Started with Assetsoft
We offer comprehensive solutions that meets your different needs. You don’t have to worry about working with someone that applies the same strategies for everyone. We adapt to you.
Choose an ERP integration that fits right in to your business model. From Yardi consulting to MRI integration, we can help you implement technology and methodology according to your goals and requirements.
We interview you and your users to find where you can improve. We also provide regular review periods for every RPA script and task.
Personalized methodologies
Every solution begins with an interview to assess your needs and goals. This step enables us to find every automation opportunity within your company.
Dedicated support
Once the implementation process has finished, we can provide a dedicated offshore help desk for your company. We allocate unique resources for every company, so you can rest assured your support department will be ready at all times.
Solution variety
We can pair your RPA scripts with multiple integrations. If you’re using ERP, CRM, and other types of software, we can probably integrate it with automation scripts. Additionally, we can implement other solutions if you need more features and systems to boost your company’s digitization.
Professional resources
Finally, our team receives constant training and testing to guarantee the best service in the market. This staff works as an extension of your company, constantly consulting with you and requesting feedback. This way, we guarantee the results you expect.
Why should you work with us?
We’ve been the main implementation force for dozens of companies worldwide. The Assetsoft portfolio contains companies of all sizes, inventories, and needs. We help implement the best RPA solutions for your business, from UiPath to Microsoft Power Automate.
From back-office functionality to ERP integrations, we can help you overcome your competitors. Contact us today to know how we can help automate essential tasks in your business.