In recent years, the Real Estate industry has seen several changes. One of the chief causes for this industry’s success is the advent of several digital tools and platforms. It is a known fact that a Real Estate business has to simultaneously manage several factors like identification and acquisition of the leads, understanding their preferences, renting homes, retailing, etc. It is where the importance of effective inventory management comes into play.
The complete process for sales planning, scheduling and strategising depends on the inventory to be sold. The sales and marketing plans get influenced heavily by every minor inventory adjustment. Several elements need to be documented in detail to maintain efficient records of inventories like location, specifications and occupancy status.
Since Real Estate companies routinely deal with enormous inventory, management can be a recurring issue. A dedicated tool for digital inventory management integrated with a Real Estate CRM is the solution. Therefore, effective Real Estate inventory management software that enables developers to manage numerous units, floors, buildings and even complexes remotely is required.
How can Real-time Inventory Management help a Real Estate business?
Real Estate Developers can utilise inventory management software integrated with the CRM to view and analyse insightful business-related data in real-time. It makes the process of inventory tracking and accounting much more straightforward and smoother. Moreover, it helps developers gather valuable statistics regarding the performance of their firm. It opens the doors for them to recognise trends and benefit from market shifts.
Insightful reports enable them to get a bird’s eye perspective of inventory sales for the Real Estate company. They can also analyse detailed charts and diagrams relating to the performance of sales teams and have a full-fledged understanding of the success or failure of the project. These reports enable them to understand the challenges, make adjustments and improve the operational efficiency of the business by utilising inventory management software features.
Real Estate Developers often make the mistake of deploying a generic CRM that offers basic inventory management features. Most of such CRMs have limited capabilities in delivering in-depth insights and parameter-specific reports. Therefore, realtors need to explore solutions that offer end-to-end inventory management.
Sell.Do- An excellent choice for Real-time Inventory Management-
Sell.Do is one of the best solutions in the market to manage Real Estate inventories effectively. It is India’s only integrated Real Estate CRM Software that lets the business stay on top of its Real Estate inventory by providing complete visibility over existing and upcoming inventory. In addition to being an extensive multipurpose platform, its features include monitoring all available properties, separating them according to the residential and commercial acquisition, matching them with the suitable lead and inventory management, all of which facilitate the management of the business. It helps realtors keep things clear and simplistic with their clients by providing all inventory details at the push of a mouse.
Have a look at Sell.Do’s key features of inventory management systemthat make it stand apart from generic CRM tools.
1. Complete inventory access – from projects to towers to floors to units
It delivers your prospects total access to all the inventory starting from projects to towers to apartments – ensuring the availability of necessary information needed to make an informed decision, all of which gets updated in real-time. Clients may book a property with confidence, knowing that the best options are on display, based on their needs. Thus, it enhances the overall customer experience.
2. Easier Real Estate expense management
With this CRM, you can manage and customise cost sheets from project to per-unit level, make agreement changes with support along with compliances with GST & other Real Estate taxation laws.
Furthermore, Sell.Do is designed to work with several payment solutions and schedules simultaneously, all of which can be pre-approved and customised. Choosing schemes and payment schedules is just a matter of click, speeding up the sales process.
3. Negotiation and Offer Management-
This CRM enables the sales team to negotiate better and make instant offers with pre-approved schemes by helping them build internal approval logic to offer discounts up to a certain amount governed by the sales hierarchy. Moreover, it helps keep track of the negotiations & approvals process as they pass through the hierarchy, ultimately to the sales head.
4. In-depth Real Estate inventory analytics-
The CRM provides visibility to real-time availability, movement and velocity updates & insights of project-wise, tower-wise, and unit-wise inventory. To keep you up-to-date with sales patterns and sales velocity, Sell.Do can analyse sales based on the project, configuration, and 30+ attributes to gain industry insights that will help you forecast sales, future research & development, prepare marketing strategies and promote your business by making informed decisions.
With a better holding and the ability to obtain relevant information about the properties, future business decisions can substantially improve. If the most imperative and insightful data and information is available at hand, developers can have a clearer perspective on the customer’s demand and their capability to supply. By analysing large volumes of data to generate insights on trends and business predictions, one may use the power of data-driven decision making using Sell.Do’s inventory analytics. It is one of the most reliable Real Estate solutions to gauge future inventory movements.