In the past two blog posts – part one and part two, we’ve discussed many of the elements mid-sized companies should consider to transition from manual and in-house processes to CRE automation to manage their real estate holdings. The company leadership has identified the need for it, the time is right for it to be deployed in the near future, and they have consulted with others in the industry to discover various options and processes to make this transition happen.
Now it comes to the technology itself – what is the best “starter kit” of tools and applications for a company ready to manage its CRE like a strategic asset rather than a necessary expense? As mentioned, there is no consensus, and rightfully so, as there are just too many operational processes that are unique to individual companies. However, there is a basic process we use to identify areas of improvement and to serve as the foundation for advancement. We call it OCA (organize, control, analyze).