Digital Workspace Use Cases (Real Estate Owners & Developers)
I've identified 4 different software solutions that offer collaborative features for Real Estate Owners & Developers. While many of the software solutions offer overlapping features, we've focused our write up on software with distinctive strengths and target groups.
Project Management (example Manage Places)
Finances (example Estate Master)
Property Management (example Propertybase)
Task Management and Document Collaboration (example Procorem)
Many CRMs in this industry attempt to automate many aspects of working with clients, identifying leads, publish listings, and maintain shared calendars with teams. The software listed was selected based on their ability to offer more specific tools or audiences for collaboration in the real estate industry.
This software is dedicated to helping monitor and anticipate the frustrations for construction and property owners. Project Management is the focus of this software which allows teams to track and monitor construction, land use, and installation projects. In effect, it is best used for planning heavy operations that offer tons of moving parts and teams/individuals. Managing teams is easy as users can be assigned various levels of tasks, documents, and information. From its core project planning function, it's grown to include tracking and features for finances, KPIs, tasks, and documentation.
Financing construction projects is no easy feat. Estate Master is a tool used to help track and monitor various financial impacts of an estate. Consider looking at this sample report to see what the software is capable of. The software can provide input, forecast projections, stock summaries, financing information, and just about any cost association from construction to interior design. The software is advertised towards developers promising them a one stop solution to accurately track and share costs with multiple users to help stay on top of deadlines, projections and more.
Labeled one of the top 12 tech companies disrupting the real estate sector, this software is a robust, highly rated software for real estate owners and developers alike. It's been rated easy to use and is built for at least a minimum of 4 users per plan. While it is a broad application, it seems to be one at the top of the list for digital solutions given the extremely positive feedback from its users. It's aimed at helping much of well-known management aspects and offers a collaborative front for a management team to monitor listings, email campaigns, calendar events, as well as tracking analytic information generated from the software.
Procorem is focused on supporting and maintaining much of the human based connections that make business happen. The company describes its product as a "cloud-based tool for collaborative business. In one secure and easy-to-access place, your company can set up deal rooms, manage compliance activities, perform due diligence, safely share sensitive information with clients and partners, and more." One of the biggest draws here is the software's ability to share documentation with an unlimited numbers of Guests. While the main users of the software are able to upload, edit, and share documentation the number of users who have access to view these documents is unlimited making it a great tool to work with external vendors and customers.
Four companies with successful implementations of digital workspace solutions in the Real Estate Owners & Developers space are Manage Places, Estate Master, PropertyBase and Procorem. The use cases have each been documented in your spreadsheet.