The real estate industry in India is all set to widen its status as an organized sector, with the entry of leading players into the market. It is an industry where large sums of money are involved and the current boom in the market only accelerates the scenario. This current boom in the market can be capitalized by the industry only when there is an adequate system to back-up the whole process. Here comes the role of enterprise resource planning (ERP) that is designed exclusively for the real estate industry.
In India, a large number of companies provide real estate erp solutions . But, not all of them are up-to-the-mark. That is, only some of these are capable of satisfying the requirements of individual companies. The loopholes in a solution are further worsened by the lack of thorough industry knowledge.
Thus, the construction industry needs real estate ERP solutions that are well planned and executed, with the integration of the best of IT and real estate knowledge. Superior real estate ERP solutions have the capacity to manage projects from the scratch to the finish, which include the stages of land acquisition and purchase order, till the lease and maintenance management of the completed project. That is, well-developed real estate ERP solutions can handle a project fully, starting from the stage of pre-construction to construction and post-construction.
Efficient real estate ERP solutions can maintain and process complete project transaction histories, project details, applicant and customer details, broker details, payment details and others, accurately and speedily. They are also endowed with the features of flexibility and adaptability, which ensures easy and secure data change management. Real estate ERP solutions have a centralized data management system that are highly secure, which allow entry to only the authorized users.
Real estate ERP solutions have modules that provide the benefits of document management, work scheduling, report generation, etc. The features and facilities provided in these solutions help in taking away work pressures from the organizations, allowing them to concentrate on the more critical and core aspects of their businesses.
The real estate industry may also enhance its business processes using additional back-end operations management software, like the HR and financial accounting solutions. The real estate ERP solutions are indeed the key to the growth and organization of the real estate business in India.