Today, it takes more than just a good team and a strong network to remain competitive. Automation is the way to improve productivity, efficiency, and scale. Investing in a tech stack allows a property agency to leverage the right tools and save time and money in the process.
But how can a tech stack upscale a business?
Streamlining operations
A tech stack allows a property agency to streamline user access. This means it can automate repetitive tasks like document management, freeing up time for agents. Instead of manually entering data, agents can focus on building rapport with their renters and concentrating on high-value activities such as providing good customer service.
Integrating software can help with this, too. A tech stack can provide a seamless online experience, with 24/7 access to information, enhancing customer satisfaction. Having everything in one place can vastly improve a property management agency's overall efficiency. Automation can also greatly reduce the number of errors made on a daily basis.
Staying competitive
Scaling up with a tech stack could not be simpler, but scalability should always be a consideration for a property manager when investing in one. Tools that integrate with a property management system can pull the data from it rather than require manual data entry. This saves resources and time in the long run and reduces the risk of conflicting data.
To embrace a tech stack is to adopt new technologies, which can only benefit a business. It helps agencies stay ahead of the game and the competition while attracting new renters in an ever-evolving market.
Increasing efficiency
Time savings allow property managers to focus on more valuable work. Eliminating certain pieces of work through automation only means property managers can increase their productivity.
By automating workflows and reducing manual processes, agencies can operate more efficiently and cost-effectively. As a result, agencies don’t have to sacrifice quality to get the more time-consuming tasks finished.
We have a blog all about how AI can be beneficial to property agencies.
Improving organisation
A tech stack can help with keeping organised. The problem with multiple software and systems can be that there are duplicates of the same information in different formats and places. Centralising all of this helps to store and organise important information such as contracts and finances.
If documents are spread out in differing systems, when one is updated, the other may remain in its original format. In the future, if a property agent is looking for up-to-date details of a property or financial record, they could end up with inaccurate information. It is essential to ensure document accuracy, especially regarding financial information.
Accessibility is just as imperative. Being able to access documents from anywhere, rather than wading through different systems looking for the right one can save so much time.
Arthur specifically integrates with Xero, meaning they can send and store financial information between them. Discover how this works with our webinar.
Reducing costs
The key to scaling a business is to not overspend. Building a tech stack does sound expensive, but to break it down into its core parts it quickly becomes obvious that not integrating software is much more costly to an agency.
In fact, doing so will reduce operational costs through automation. The reallocation of resources can help agencies ensure their employees are working effectively rather than wasting their time on tasks that can be done by automated processes.
Final thoughts
A tech stack becomes more essential to a successful business every day, especially in today's competitive market. Exploring the best available options for a tech stack can be the difference between growth or lack thereof.
Interested in integrating Arthur into your tech stack? Find out more.
