Reduced Fraudulent Activities By 90% With Real Estate Data Entry
Helped a US-based property management company complying with the data laws
Based in the United States, the company stands at the forefront of the property management sector, recognized for its proficiency in acquiring, developing, managing, and financing diverse real estate projects. With a dedicated focus on community transformation and revitalization, they are committed to pioneering innovative solutions that enhance the fabric of neighborhoods. Drawing on their rich expertise, they excel in unlocking the full potential of real estate assets, fostering sustainable growth in every venture.
Distinguished by a reputation for unparalleled quality and a steadfast commitment to community well-being, they have established themselves as a trailblazer in the industry. Their approach is marked by a unique blend of strategic insight and community-centric property management, setting them apart as leaders dedicated to shaping vibrant and thriving communities through their real estate endeavors.
Importance of Data Entry for Real Estate Property Dealers
In the realm of real estate property dealerships, the significance of data entry cannot be overstated. Firstly, data entry serves as the foundational bedrock upon which informed decision-making rests. Accurate and comprehensive data about properties, market trends, and client preferences enables dealers to analyze and anticipate shifts in the dynamic real estate landscape. Additionally, it facilitates seamless communication within the organization, ensuring that all stakeholders are well-informed and on the same page. Furthermore, efficient data entry streamlines the entire process of property management, from acquisition to development and beyond.
Moreover, in a field where timing is often critical, quick and precise data entry expedites transactions and enhances customer satisfaction. Real estate is an industry where attention to detail matters greatly, and meticulous data entry ensures that crucial information is not overlooked. It also plays a pivotal role in compliance and regulatory matters, helping property dealers stay abreast of legal requirements and maintain integrity in their operations.
Efficient real estate data entry emerges as a linchpin for success in the real estate sector, fostering informed decision-making, improving communication, expediting transactions, and ensuring compliance. Property dealers who prioritize effective data entry are better positioned to navigate the intricacies of the market and provide exceptional service to their clients.
Difficulties the Company Faced
Our client was facing the following difficulties in managing the data entry task for their real estate business.
The company has hired in-house employees to manage all data entry and banking-related tasks. However, they hired inefficient people without any knowledge of recording financial data. As a result, they have made mistakes in each dataset and left them in incomplete condition. Thus, in the financial reconciliation phase, the company had no clue about the financial history so it could be shown to banks.
The company has many bank accounts operating for different purposes. However, maintaining bank accounts for different purposes was not easy for the internal team. Thus, it made the verification process very challenging for the client. Keeping pace with the change that the client has missed in doing the work.
The company handles vital real estate data as well as sensitive financial data throughout its operation. However, the company has been noticing major issues in providing security to the data. In major areas, they have also failed to convert raw data into intelligent solutions.
The company has tracked many fraudulent incidents like counterfeit signatures, forgery of signatures, etc. Interestingly, most of their process become very old to reduce the percentage of fraudulent activities. Thus, they constantly seeking out a partner that can fix these complex issues.
Custom Solution from AskDataEntry
After getting an initial briefing from the client, we have started moving toward completing the project. Our main target was to eliminate fraudulent incidents with our quality data entry services. By following that approach, we have started developing our plan and executed everything accordingly.
To ensure the completeness of the completeness of the financial documents, we implemented a manual review process. It helped us in meeting the accuracy level as well as completing each dataset. As per our expectations, it has helped us establish a clear and reliable financial history for the organization.
We have implemented a multi-tier authentication process to verify all the banking-related data. Further, we have developed the reconciliation process string where also we implanted a manual verification process. This strategy has taken care of the client's security and reliability needs.
As the client has reported many fraudulent activities in their data entry processes thus we have taken proper measures. We have implemented cutting-edge technology in our data entry process to add more layers of security. With the help of robust technology and our expert professionals, we have reduced 90% of fraudulent activities.
Billy Marlin
AskDataEntry is an invaluable partner for our real estate endeavors. Their precision in data entry is unmatched, ensuring accuracy and efficiency in every project. The cohesive collaboration with their experts has streamlined our operations, and their commitment to quality has fortified our trust in their services. Over the years, AskDataEntry has consistently demonstrated excellence, making it an indispensable asset in the competitive landscape of real estate. We highly recommend their services to anyone seeking top-tier data entry solutions backed by experience and reliability. Grateful for their stellar support, we look forward to continued success together.
