Custom Real Estate ERP Software Development Company

Advantages of ITSWS Technologies Custom Real Estate ERP Software in the Real Estate Industry

1. Tasks Automation: ERP software in the real estate industry assists in automating traditional business processes and boosts employee productivity in an organisation. You may understand this concept through examples like if the marketing department has to wait for the customer data from the sales department to implement new marketing strategies, it slows down process productivity. Further, you can store and update each relevant data in one centralised platform, accessible to everyone with an ERP system. The real estate industry may utilise the best ERP software and eliminate manual data tracking, break the traditional silos within an organisation, and improve the efficiency of the business processes. 
2. Budget-Friendly: Real estate companies may secure a new project from the clients. It becomes possible when they provide an accurate budget estimate and timeline needed to complete the project. Therefore, the clients would offer the bid to the respective company based on two influential factors. These elements act better with the project design, the company’s reputation, and others. Also, customised real estate ERP software can predict accurate project expenditure and the timeline required to complete the project. Our developers ensure that the project’s actual cost does not exceed much of the projected cost. Thus, construction or real estate companies can effectively utilise the resources and workforce within the allocated budget and time.
   
3. Trouble-Free Managing Process: The decisions made in business based on data remain more accurate and effective. Thus, real estate businesses require secure data storage and management systems usage. ERP software for real estate ensures that users have data through a business intelligence system, which gets updated throughout the project lifecycle in real-time. Further, a business intelligence module provides deep project insights and allows business owners to track the data dynamically. It helps business owners and project managers make timely and accurate data-driven decisions. 
4. Extended Return on Investment (ROI): People may invest in new software like ERP that ensures high ROI, measured in terms of visible and invisible advantages. However, companies advise waiting for 2-3 years to witness a substantial increase in the ROI after the initial integration of the software. We understand that implementing ERP software for the real estate industry can sustain different costs. These prices involve software cost, consultancy investment, internal staff investment, software upgrade investment, and initial implementation cost. Moreover, ERP software offers a few visible benefits after the implementation involving the overall operating costs, increased inventory turns on billable hours, and material costs. Real estate ERP software provides a few invisible advantages, like improved staff retention, increased efficiency, and strategic planning. 
5. Optimised Project Management: Did you know that improper planning can cost a company a fortune or result in the completion of a substandard project? No, well, numerous reputed builders and construction companies have faced a downfall due to improper planning and project organisation. A company’s reputation may tarnish because of poor project planning, delays, or postponing. In addition, it remains necessary to find accurate resources before project initialisation. These resources involve raw materials, engineers, labour, and others required for project completion. Also, real estate ERP software assists in tracking the procurement of the resources and the financial cost incurred during this process. We understand project managers effectively allot the budget and resources using a single platform. Thus, ERP software for real estate helps achieve project deadlines resulting in increased productivity and cost reduction. 
6. Effortless Communication & Collaboration: Our experts comprehend that a typical real estate or construction business consists of on-site & off-site employees. The company’s employees may utilise effective communication mediums for the smooth functioning of business operations. 

1. Scope of Features and Functionality: Core modules like property management, lead tracking, customer management, and financial management add to the development cost. Custom modules tailored to unique business workflows also add to the development cost.
2. Platform Selection: Platform selection is typically less expensive as it requires only one version to be developed. Adding mobile apps for Android and iOS increases costs due to the need for separate development efforts. Building a cloud-based solution for real-time access and scalability adds to infrastructure and development expenses.
3. Technology Stack: Standard technologies like PHP, Java, React, or .NET are more affordable. Using advanced technologies such as AI, Machine Learning, IoT, Blockchain, or AR/VR for features like predictive analytics or virtual property tours adds to the cost.
4. Development Time: A Basic Real Estate ERP System May take 3–6 months to develop. An advanced ERP System requires 6–12+ months for complex features and customizations.
5. Ongoing Maintenance and Support: Annual maintenance contracts (AMCs) or support plans are essential and usually cost around 15–25% of the initial development cost.