Enterprise Resource Planning, sometimes known as ERP software, has been through several noteworthy transitions over the past few decades. During the 1980s and 1990s, they were at the pinnacle of technological sophistication, delivering complicated software to help businesses deal with the exponential growth of their data.
This rise has been even more intensive throughout the 2000s and 2010s due to big data and rising reliance on various forms of technology. Sadly, many ERP for real estate systems now available on the market have yet to adjust effectively to this transformation. On the contrary, more advanced solutions have emerged in recent years that manage to combine several features for a more significant impact.
In 2021, the total value of the global market for real estate was estimated to be $6,883 billion USD. The value of the market is anticipated to rise to $7,806 billion by the year 2027, representing a compound annual growth rate (CAGR) of 1.90% between the years 2022 and 2027.
As the owner of a real estate business, it is necessary for you to excel in your operations in light of the tremendous growth in the industry. To achieve this goal and become a leading real estate agent, one strategy is to use an enterprise resource planning (ERP) system that will automate your business tasks.
In this article, we will look at some of these features and the benefits they provide to outline why next-generation ERP software is worth investing in.
Cutting-edge Technology: Modern Solutions
With so much technology entering the market in recent years, it’s easy to understand why some ERP systems are still struggling. This is not because they were bad or failed to deliver real value; instead, they failed to adapt rapidly enough to the rapid pace of change that we now face. A lack of significant investment is one of the most damaging aspects of this kind of development.
Modulated Apps: Accessibility On The Go
The next generation of ERP software has also been made smarter by the addition of apps. As you may know, this can be a standalone program for performing a specific task or, more commonly, a suite of complementary tools that all work in conjunction with the main system.
In either case, these kinds of programs are designed to provide users with added control and greater convenience. Because they work independently from the main system, they can be downloaded and used on most smartphones and tablets.
Improved Workflow: Simplification of Tasks
Just as this kind of software has been made more sophisticated, it has also become far easier to use for inexperienced users. This is because it has been programmed with several features that make the business process simpler and less time-intensive.
Real estate project management software also helps to improve workflow by streamlining services to reduce errors and other inconveniences.
Integrated Platforms: Close Ties with Other Systems
Another important feature of next-generation ERP software is its integration with other business platforms. While this is not a new development, as previous generations have already addressed it to an extent, the newer versions are dramatically more capable.
This is mainly because they work seamlessly with several different programs, including email systems and CRM tools such as a real estate agent CRM. In addition, they can be integrated into any website so that all the information you need will be accessible through a single portal.
The most innovative characteristics of next-generation ERP software are the apps themselves. However, there are other ways in which you can use them. You can access them on any device that has an internet connection. More importantly, this includes mobile devices such as smartphones and tablets.
In this way, these systems become highly accessible for users who need to access information from anywhere at any time.
Conclusion: Why Next-Generation ERP Software is Worth Investing In
The benefits of next-generation ERP software are numerous and far-reaching. While this kind of software is still in its early development phase, it’s clear that it has become more effective over recent years.
At the most basic level, it can deliver a host of features that improve efficiency and make the business process simpler and less time-consuming. This will be hugely beneficial for businesses of all types, especially those that deal with sensitive data.
Furthermore, you can use it with other platforms to ensure that your organization can obtain the results it needs whenever it needs them.