Removed Bottlenecks & Streamlined Real Estate Operations
for a US-based property management company
In the US Real Estate sector, the company has made its distinct name through its property management solutions. The company has gained expertise in acquiring, financing, and managing real estate projects. Over the decades, it has reached a significant position in the industry. Presently, the company aims to establish a system that can make shareholders engaged with the process.
Urgent Requirements
Creating a system for managing all real-estate data management functions is quite challenging. That's the reason why the company was actively looking for an outsourcing partner that could help. As a long-term growth, the company wanted to create a space for the stakeholders for smooth collaboration.
Importance of Real Estate and Mortgage Industry Data Entry for Property Management Firms
Developing property management solutions itself is a challenge as it requires error-free property data. Thus, companies that provide property management solutions heavily rely on the real estate data entry process. By outsourcing these services, property management firms can have detailed recordkeeping processes. Besides that, the experts can provide data-scraping facilities as well as handle data mining needs.
Moreover, real estate data entry service providers can convert raw data into intelligent data solutions. They have been trained comprehensively to manage bulk quality of real estate data with quality. Interestingly, qualified real estate data entry service providers can deliver files quickly and also handle on-demand requests. In sum, contacting a real estate data entry service provider will handle all data needs to develop real estate management solutions.
Challenges Faced by Client
It's been two decades now the company has been serving customers with amazing smart property management solutions. However, in the last few years, it has faced some major challenges, which are;
The company has gained its reputation because of providing amazing property management solutions. Always they have preferred to stay focused on community development aspects. However, they have been noticing the submission of inaccurate files in the reimbursement process. They have also found that some of the property managers gave vague descriptions while documenting their expenses. Therefore, it has increased the chance of generating fraudulent files in the process.
On the other hand, the company does not have any strong mechanism to prevent generating fraudulent files. Only the account team has been given the responsibility to check the legitimacy of the expenses. However, it also becomes very tough for the accounts team to verify each description in close detail.
Eventually, the company hired a team of in-house experts to manually verify all expenses recorded by the property manager. However, hiring a team of experts was a flop idea as they created a new issue, which is classification errors. They have marked personal expenses as business expenses and created blunders in the database. In the final stage, these issues have become huge and made errors in claim reimbursements.
Besides relying on the manual process, our client has completely ignored the use of technology in their work. Real estate businesses need current data to make strategic decisions. Not using any technology for data scrapping is a foolish decision and the company has made that. Besides that, it also increases processing time and delays in generating response time.
The management team has encountered some peculiar issues in managing the data verification work. For instance, they have stopped the process even if they found some disarrangements in the files. Therefore, it has made the data verification process time-consuming and lengthy. Also, due to the involvement of the time factor, the process becomes very expensive.
Custom Solution from AskDataEntry
The firm wanted to have a system that could make all stakeholders engaged with the process. Also, they have realized how to make the system efficient with the help of outsourcing real estate data entry services. However, our approach to handling this project is a little different. We have followed a compressive as well as systematic approach to solving the client's issues. Some of the main highlights of our comprehensive approach are;
We initiated our work by identifying the key bottleneck arrears that our client was facing. For the assessment, we went thoroughly into the client's process and assessed each aspect very carefully. Ultimately, we have identified all the issues that our client was facing in the data entry domain. After identification, we directly developed the action plan to clear all bottlenecks. Along with that, we deployed our best talents to deal with this particular project.
We have realized that our client needs a digital recordkeeping process. Therefore, we went ahead to assist the client in deploying a digital system for keeping the records. From our side, we have used technology to verify all data and eliminate errors. However, we have given special attention to the manual verification process. In that part, we have deployed our experts to verify each data and reduce error percentages. Besides that, we also have addressed issues related to incomplete submission with the manual verification process.
As the client was having delays in verifying and expense tracking system thus we addressed that too. We have made the verification process super quick with the help of our experts in the real estate domain. Also, we ensured that the verification process gets quick nods once data gets notified in the system.
With the application of all different measures, from data scraping to recordkeeping, we performed everything but quickly. Our seasoned professionals have been doing projects in the real estate sector for many many years. Therefore, with no exception, we have delivered the project on time to our client team.
Julia Moss
Since the last two years, we have delegated all our data entry needs to AskDataEntry. The company has provided us with timely solutions without any delay or errors. One of the interesting facts about AskDataEntry is that it offers a diverse range of services. Therefore, it has covered all our needs, and do not have to look out for further. Hope that we will continue our relationship with AskDataEntry in the coming years ahead.
