There’s a popular quote that says, “If you aren’t improving, you’re falling behind.” This could apply to your intellectual endeavors, your time in the gym or your relational pursuits, but it can also apply to your professional development as a commercial real estate professional.
Put simply, if you aren’t improving your CRE operations, you’re going to lose to your competitors.
Of course, you can’t improve what you don’t measure, and you can’t measure the same thing everyone else is measuring. You have to focus on your portfolio, your property performance and your leases. That’s where customized commercial real estate reporting dashboards step in — one that doesn’t focus on a “one size fits all” solution. The right CRE software will not only improve your operations, but yourself as a unique commercial real estate professional.
Improving Your Property, Project and Asset Management
One of the biggest benefits of commercial real estate dashboards is that it lets you easily (and visually) track the metrics you want to track when it comes to your properties, projects and assets. Whether you’re a corporate user, broker or landlord, the right real estate software dashboards will centralize your projects and help you efficiently manage them on one screen. You can even customize what you see on your dashboards, whether that’s information about assessed values for certain properties, market rates in your area, parking allotment for a specific number of spaces or occupancy costs for your part of the country.
Improving Your Operational Analysis
Can a dashboard really improve the way you analyze your CRE business? You bet. It’s all about combining the necessary data and displaying it on a dashboard in a way that’s beneficial for you. (A simplified process to this result is even better.) With customizable real estate dashboards, you can track the performance of different departments and establish better KPIs. You can also better analyze the future. For example, you could build a dashboard that forecasts your future space needs, how employees will be utilized in those situations and how much they’re going to cost. Whatever aspect of your operation you want to analyze, a custom dashboard should make it easier.
Improving Your Reporting
If your commercial real estate reporting dashboard limits you, it limits your business potential. Wouldn’t it be nice to generate and organize limitless reports that you can actually use when it matters? (Think lease negotiations.) Here are a few reporting capabilities you should think about when it comes to commercial real estate reporting dashboards:
- Templates: Can you customize them, or are they standard? Are they easily duplicated across other dashboards?
- Filtering: Can you view certain types of properties? What about location? Business units?
- Strategy: Can you gain business intelligence for the criteria you specify? Is it limited to one property or can you apply it across your portfolio?
The benefits of custom dashboards stretch far beyond information at a glance. Actionable data that brings important values above the noise can save CRE pros time to concentrate on growing their book. To learn more about how you can accomplish this with Quarem, contact us today.