4 Ways Real Estate CTOs Return Hours to Their Workforce

Focus on Core Competencies and Strategic Objectives

 

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May 2023 | Dallas, TX – Realcomm recently published an article written by RealFoundations’ Chief Revenue Officer John Seaton detailing the 4 Ways Real Estate CTOs are Returning Hours to Their Workforce. Top of mind today for many CTOs is staying apprised of emerging trends in an effort to gain a competitive edge in the oft-cutthroat world of real estate.

Tapping a reputable service firm, fluent in technology and standardized business processes, to execute daily support tasks allows a company to focus on its core competencies and strategic objectives while leaving the technical administration and managed-services support functions to proven experts. What’s more, organizations can significantly reduce the risk of inaccuracies, further stabilizing anticipated outcomes, by automating repetitive, high-volume financial and operational tasks.

For these reasons, along with the following highlights, CTOs are taking an even greater look at the possibilities and benefits of outsourcing by partnering with a professional services firm focused solely on the real estate industry.

Article Highlights

  • Delegate system administration tasks to an expert professional services provider – By tapping a reputable services firm to execute daily support tasks allows a company to focus on their core competencies and strategic objectives while leaving the technical administration and support to experts in business process.

  • Automate repetitive, high-volume financial and operational tasks – By eliminating the need for manual task completion with secure and reliable process automation, companies can minimize the risk of human error and improve the accuracy of their data.

  • Standardize business processes to minimize system disruption – By minimizing system disruption with documented, standardized business processes, real estate companies can harness thoughtful solutions that ensure long-term success, rather than relying on technology workarounds or implementing quick fixes.

  • Accelerate new asset onboarding by partnering with an external specialist – The onboarding of newly acquired asset data into your property management and accounting system requires a proven, methodical approach to mapping key datapoints between disparate systems, loading relevant financial and operational data into the new system, and then validating the data to ensure accuracy.

 

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Outsourcing technology functions in real estate can help return hours to a company’s workforce by reducing the need for training, increasing efficiency in process, improving scalability, providing access to specialized expertise and reducing system downtime. By partnering with an experienced provider like RealFoundations, real estate companies can focus on their core business activities, improve the customer experience and operate with greater efficiency. Contact us to discuss how RealFoundations’ Accounting Services can deliver long-term benefits to your organization. Let’s Start the Conversation.

About RealFoundations

RealFoundations (RF) is the world’s foremost professional services firm focused solely on the real estate industry. Through our delivery of Management Consulting and Managed Services, we help companies that develop, own, operate, service or invest in real estate make better, more profitable decisions. We are proud partners to over 500 real estate companies around the globe, providing accelerated solutions that solve some of real estate’s most complex challenges. We Make Real Estate Run Better.