The cost benefit of going paperless and the efficiencies afforded by cloud-based, real-time data access are well established. Let’s take the conversation one step further.
Today’s best ERP systems enable users to take advantage of a multi-cloud world. This means multiple business applications and services in the cloud effortlessly interact in a way that best serves individual users. Within this context, construction and development practitioners can adopt cloud platforms and applications that facilitate project management, property management, estimating, budgeting and valuation, AP processing, and document and approval management.
The enterprise construction management/accounting platform serves as the core of a well-assembled construction tech stack. Today’s most cutting-edge products allow other components of the stack to integrate with this core, sharing data in real time to facilitate every aspect of doing business. In turn, the construction and development technology stack has taken shape with various tools designed to increase efficiency and accuracy, improve opportunities for adding value, and enhance decision-making.
Find the best solution for your business.
Now, the hard part. According to BOMA, there were 4,200 CRE tech solutions announced recently – up a staggering 20% from just last year!
So, where do you begin? The search should start with the leading players. This includes technology firms that have a stellar reputation for supporting the commercial real estate field for years, if not decades. You certainly never want to invest your most trusted and valuable corporate and customer information to a company that may not even be in business before the service contract ends.