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ERP for real estate
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ERP for real estate industry

Importance of ERP for the real estate industry

There is rapid development in domestic economic construction. The large-scale enterprise in economically developed regions is facing remarkable opportunities. The market demand is expanding, as the market economy matures. Enterprises need to face the ever-changing social & economic environment. Therefore, have to adjust their development strategies in a timely manner. So, requires a higher management process. Implementing the best ERP for real estate will further enhance the entire system.

To grasp the market pulse and trends. To consolidate their own advantages in the fierce market competition. Likewise, to enhance the core competitiveness of enterprises. In order to establish the position of an enterprise in the market. Without correct management software, enterprises will not be able to compete. As a result, enterprises with insufficient strength will be eliminated. Meanwhile, a group of powerful enterprises will be formed to control the development of the market.

Implementing a manufacturing ERP system will work as the backbone of the enterprise system. This will essentially strengthen the competitive advantage of the company. In addition, it enhances the companies core competitiveness.

How to choose ERP software products:

Qualitative perspective
  • Based on nature and development capabilities of software companies
  • Ease of use
  • Adaptability
  • Scalability
  • Upgradeability
  • Life cycle
  • Price system of software products.
Quantitative perspective
  • ERP software maturity
  • Number of successful users
  • User satisfaction
  • Customized workload
  • Secondary development workload
  • Software upgrade cycle
  • The amount of training and so on

When selecting a software service provider, enterprises should focus on:

  • Can service providers accurately grasp and describe enterprise application requirements;
  • Can the service provider develop a reasonable solution for the enterprise;
  • Whether the service provider can reorganize the original business process of the enterprise and formulate a new business process with reasonable planning;
  • Whether the service provider can combine software functions and organizational software implementation;
  • Organize user training;
  • Prepare data, monitoring systems and internal management reporting systems for measuring management performance;
  • Responsible for the operation review after the system is in normal operation;

Elements of successful ERP implementation

Consistent support from the highest decision-making level in the enterprise. This is a decisive factor in the success of ERP implementation. There is a strict corporate system to promote ERP projects. Choose a complete ERP software for real estate and establish long-term partnerships between the two parties. Successful implementation of business process reorganization and secondary development. Form a reasonable team of people with a consistent attitude, efficient cooperation and strong confidence. Strengthen the organization of basic data to ensure smooth information transmission. Providing full training for enterprise employees. There are many ERP vendors out there in the market. Providing excellent implementation plans and solutions. Meanwhile, working closely with the company to organize the ERP system.

Is there a free ERP for the real estate industry?

It should be no, this kind of enterprises shouldn’t go for free implementation.

The real estate business has a lot of information about the owners. So, the ERP implementation should be safer and secured. Free data can be easily hacked by hackers. So, no real estate enterprises should take such possible risks.

The Odoo ERP function covers the whole process of the real estate enterprise. Including real estate sales work, preparation of the previous data. Also, preparation for the property, the price, and the payment method. As well as, the sales business in the row number, small order, big set, signing, check out, change rooms, etc.

Main functional modules :

Property Information

Project Overview, House Type Information, Room Info, House Pricing, Payment Method, Price Adjustment.

Sales management

Graphic consultation, reception record, appointment registration, sales registration, checkout management. As well as, house exchange management, lease registration, secondary transaction, salesman maintenance, house closure.

Financial management

Managing financial collection, cashier’s bill, bill retreat, invoice exchange. Similarly, receipt inquiry, debt collection, margin management.

Customer Management

Managing customer Profile, Contract Document, Mortgage Handling, Mortgage Approval. As well as, Property Rights Handling, Design Change, Customer Complaint, Customer Analysis, SMS Sending.

Auxiliary management

Dealing with Commission management, advertising management, real estate, demand, and customer information.

Statistical report

Dealing with real estate reports, sales reports, financial statements, and leadership queries.

Basic data

System dictionary, operator, property type, fee, and currency maintenance.

System management

Managing parameter settings, user authorization, system backup, data initialization. Moreover, ensuring data recovery, set-up settings, and proof definition.

What are the benefits of using ERP for real estate industry?

  • Helps in optimizing supply chain management, reduce logistics costs. As well as, improve customer service levels, and accelerate the efficiency of payment recovery.
  • Realize the unified management of capital flow, logistics, and information flow. And solve the shortcomings such as poor internal information and difficult management.
  • Processing business data in real time, issuing decision commands accurately. Reduce business risks and respond quickly to market changes.
  • Effectively control the inventory of raw materials, products, and finished products. Thereby, increasing the inventory turnover rate.
  • Improve the on-time delivery rate of enterprises, reduce the error rate of shipments. And greatly improve the efficiency and reputation of enterprises.
  • Purchasing personnel has accurate production planning information, understand production problems. Meanwhile, shortening the procurement time and save procurement costs.

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