REAL ESTATE
Allied Cloud has the experience and systems in place to help your real estate firm grow with NetSuite.
READY TO MOVE
The pairing of NetSuite Cloud ERP and Allied Cloud’s industry expertise helps business in the real estate market save time, gain efficiencies, and keep more of their hard-earned dollars.
Real Estate
Running a successful real estate company comes with many challenges. Whether it’s a residential or commercial, single office operation, regional brokerage, or a multinational franchise, the daily challenges include working with budget constraints, managing a workforce of independent contractors, fending off competition from non-traditional markets, and staying solvent in fluctuating market conditions. These are just a handful of the top impediments that today’s real estate brokerages face every day.
Robust Technology for Growing Real Estate Brokerages
It is paramount to success and growth that real estate companies use robust, relevant technology tools that streamline their workflows and support their core missions of putting the dream of homeownership within reach of as many people as possible. Ensuring team members don’t get in their own way and can focus on what they do best, closing more deals. While the independent agents that buy and sell homes in exchange for commission often control their destinies on the financial front, brokerages aren’t exactly known for getting rich off the brand recognition, backend processes, and other support structures provided for those agents.
Real Estate
Running a successful real estate company comes with many challenges. Whether it’s a residential or commercial, single office operation, regional brokerage, or a multinational franchise, the daily challenges include working with budget constraints, managing a workforce of independent contractors, fending off competition from non-traditional markets, and staying solvent in fluctuating market conditions. These are just a handful of the top impediments that today’s real estate brokerages face every day.
Real Estate
Production reports, commission payouts, financial reports, team productivity, and customized reports are available on the Agent dashboard.
Features for General Business
The NetSuite platform offers businesses operating in a variety of business types with the ability to merge their systems into one, eliminating the need to track accounting, time, projects and other business requirements in separate systems.
- Complex accounting processes: NetSuite’s real estate solution includes a comprehensive financial management module that can handle the complex accounting needs of both commercial and residential real estate companies. The module provides support for multi-entity accounting, consolidated financial reporting, and advanced revenue recognition, among other features.
- Data silos: The solution provides a centralized platform for managing data. The platform includes tools for data integration, business intelligence, and reporting, which can help break down data silos and provide real-time insights into business performance.
- Inefficient workflows: NetSuite’s real estate solution includes workflow automation features that can help streamline processes. This can lead to faster turnaround times, improved accuracy, and better communication between teams.
- Limited visibility: The solution provides real-time visibility into business performance through advanced reporting and analytics. Real estate companies can use these features to gain insights into key performance indicators, such as occupancy rates, lease expirations, and commission payouts.
- Compliance and regulatory issues: Compliance features can help you stay on top of regulatory requirements. For example, the solution provides support for lease accounting standards, such as ASC 842 and IFRS 16, and includes tools for managing compliance with local and state regulations.
- Commission management: NetSuite’s real estate solution includes features for managing commissions for both commercial and residential real estate companies. The solution can automate commission calculations based on sales data and payout rules, track commissions in real-time, and provide detailed reports on commission payouts. This can help reduce errors, save time, and improve accuracy, ultimately resulting in happier agents and brokers and a more efficient business operation.
NetSuite’s real estate solution provides a comprehensive set of tools and features that can help both commercial and residential real estate companies overcome their pain points and challenges, including those related to commissions.
Let Us Help Your Business Scale
Learn more about our Real Estate solution, integrated with the world’s #1 ERP platform