The commercial real estate (CRE) industry is historically slow to embrace new technology. But opportunities to reduce manual processes, improve productivity, and enhance portfolio performance are increasingly difficult to come by without technology. With benefits that include enhanced portfolio visibility and automated reporting, CRE asset management software addresses many of the common pain points CRE firms experience when analyzing and optimizing their assets.
Read ahead to learn how asset management software can create efficiencies for each role in your organization.
Asset and Portfolio Manager
Asset and Portfolio Managers are responsible for delivering timely, accurate reports and improving asset performance. Below are three benefits of asset management software for asset and portfolio managers:
Benefit #1: Unlock Real-time Property Benchmarks
Understanding your property’s performance in relation to the market can create a competitive advantage. But sourcing and merging raw third-party data for an apples-to-apples comparison can be time-consuming. Asset management software gives you the tools to map your portfolio’s performance against market benchmarks for easy one-to-one comparisons of property performance.
Benefit #2: Access Faster Value and Speed to Insights
Siloed data from spreadsheets and scattered systems can limit your ability to quickly extract meaningful insights. This restriction can in turn impair your ability to make informed decisions and proactively respond to changes or even risks in the portfolio. Asset management software automates insights, KPIs, and reports in one platform, boosting your speed to actionable data.
Benefit #3: Leverage Flexible Reporting and Controlled User Access
You likely share asset reports with internal and external stakeholders. But organizational silos may limit who can effectively access that data and when the data is relevant to share with a specific person or team – which is often very subjective. Modern solutions give you flexible access and controls to financial and operational data, assets, and investment information in one place.
Property Manager
Compiling, analyzing, and producing monthly financials and reports can take hours to complete. Asset management software helps property managers reduce manual tasks and free up time to focus on residents instead. Below are three benefits of asset management software for property managers.
Benefit #1: View Your Monthly Financials and Reports in One Place
Automate and configure reporting for quick insight into operational & financial performance. Provide up-to-date reporting to stakeholders with unlimited dashboards and data and custom formats.
Benefit #2: Share Monthly Reports Securely with Controlled User Access
Empower users with direct access to critical information relevant to their roles. By mirroring your organizational structure, you can alleviate friction between team members and siloed data while maintaining data access controls.
Benefit #3: View and Export Property-Level Data
Engage with data by viewing and exporting property information the way you want to see it, establishing a single source of truth for all your property facts while centralizing operational and financial data.
Finance/Accounting Manager
Commercial real estate assets are valuable investments that require constant attention to maximize their return on investment (ROI). Asset management software can help finance managers meet & exceed the financial obligations, expectations, and growth projections for the business with consolidated financial reporting and forecasting. Below are 3 benefits of asset management software for finance and accounting teams:
Benefit #1: Visualize and Analyze the Financials Driving Cash
Upload cashflow models, forecasts, proformas, budgets, and stressed scenarios to visualize and report on historic, current, and future cashflow across your asset or portfolio.
Benefit #2: Align the Business and Financials With One Source of Truth
Invite your entire team – property managers, accountants, asset managers, and more – to use a single source of truth for all data, analysis, and reporting. Share reports instantly, comment and collaborate on insights, and export reports & visualizations to Excel, PDF, PNG, or JPG.
Benefit #3: Track Financial Performance in Real-Time
Configure notifications and trigger alerts to tell you when your operational & financial performance changes for the better – or the worse. Set thresholds and quick visual cues to triage performance across properties. Be notified of key dates and action needed to keep your property running smoothly.
C-Suite Executives
Asset management software can give c-suite executives access to consolidated operational and financial data for better portfolio visibility. Below are 3 benefits of asset management software for C-suite executives:
Benefit #1: Standardize Your Chart of Accounts With Ease
Standardize and automate all data mapping for consistent performance analysis across your portfolio. Map your chart of accounts to how you want to see and analyze financial data for an “apples to apples” comparison of performance.
Benefit #2: Track All of Your Operational Data In One Place
See your asset & portfolio from all sides as you analyze performance over time. Slice & dice by property group, type, subtype, class, size, geography, role, ownership contribution, or performance.
Benefit #3: Retrieve Operational and Financial Data In Minutes
View up-to-date, standardized asset and financial reports in minutes with 400+ custom-built KPI dashboards. Modern solutions have KPI Dashboards that can help you track delinquency rates, occupancy rates, income and expenses, NOI, and more!
Are you exploring asset management solutions for your portfolio? Defease With Ease | Thirty Capital’s proprietary solution, Lobby CRE, provides instant access to performance metrics across cashflow, debt, and equity. Contact us to learn more and see it in action.
