Most real estate industry software is outdated
31.1.2024 – Real estate industry software is often outdated and no longer meets the demands of today’s fast-paced market. Legacy systems create challenges for real estate professionals needing up-to-date, reliable property data.
The limitations of such real estate industry systems have a direct impact on property value and productivity. For example, monitoring property conditions, energy consumption and space utilisation becomes increasingly difficult due to poor or unreliable data.
Here are five key issues with real estate software that no one should have to face in the modern market, yet are unfortunately common experiences for many professionals:
- Usability
User interfaces are often outdated and unintuitive. Mobile apps are either non-existent or inadequate, which is especially challenging for field teams who struggle to access necessary data on tasks to be carried out. - Reporting
Managing complex datasets becomes nearly impossible if visibility into the data is limited or non-existent. Report customisation is often very restricted and modern Business Intelligence (BI) tools are either not in use or poorly integrated. Some databases are structured in ways that prevent data integration or the creation of KPI reports. - Integration
When data transfer interfaces are outdated or missing altogether, information cannot be shared effectively. It is critical to ensure that relevant data flows automatically between systems in the right format, reducing the need for manual data transfer and allowing resources to be better focused on critical tasks. - Data security
Data security requirements have significantly increased since the early 2000s, yet not all systems are designed to meet modern security standards. Often, security protocols are not documented or implemented to the necessary extent. Older systems remain vulnerable to data breaches, viruses and data misuse. - Readiness for new technologies
Outdated systems are ill-equipped to support the introduction of analytics or AI tools to improve data management and analysis. The technologies they rely on are simply no longer adequate for today’s needs.
As property conditions, energy consumption and space utilisation become harder to track with poor data, it is clear that outdated systems are holding the industry back.
Mika Virkki, Solution Sales Manager, Granlund
If the five issues listed sound familiar, rest assured that there are modern systems available today that meet the needs of the industry and cabable of fully supporting the day-to-day operations of property management.
Granlund has been developing a real estate management system for years. It is called Granlund Manager.
Granlund Manager is a modern and user-friendly solution designed to optimise technical property management processes, such as maintenance, energy management and capital planning, while supporting practical, daily operations.
Want to hear more about Granlund Manager?
