RPA IN REAL ESTATE: Here’s Why the Realty Industry Should Say ‘Yes’ to Automation!

Blogs > RPA IN REAL ESTATE: Here’s Why the Realty Industry Should Say ‘Yes’ to Automation!

“The ultimate luxury is being able to relax and enjoy your home,” says Jeff Lincoln.

Home – a place to resort to at the end of the day; a zone of shelter and comfort and protection that always has your back when you seek respite from your daily hustle bustle. A home is the place where you truly belong. And with the modernization and population explosion today, the sky is literally the limit for establishing homes. Purchasing a home in today’s time is probably one of the biggest challenges for families and individuals. With growing needs and demands of the generation comes an even more urgent need to design homes that cater to these demands. And that’s where the real estate industry becomes indispensable for modern society.
But let’s think about this – can the real estate personnel achieve their full potential if bogged down by rule-based tasks? We’re back with a blog; and today, let’s see how RPA can transform the real estate sector:

1. NOW DELEGATE LENGTHY RATE CONTRACT DOCUMENTATIONS TO RPA!

Rate Contract is an important documentation, especially when it comes to the real estate. But updating the Rate Contract details manually can often be time-consuming for real estate employees, as it involves monotonous data entry tasks. Allow RPA to step in and help you!
Your process bot can enter Rate Contract details including the vendor code, agreement type, purchase group details and so on and create the Rate Contract based on these details. Moreover, the bot also carries out any further updates to the Rate Contract, thus enabling the real estate to focus on its lucrative journey!

2. MATERIAL REQUISITION HAS NEVER BEEN EASIER!

Transferring of the required raw materials from storage to production involves a number of stages in between. This makes the material requisition process a rather time-consuming one. RPA can help by filling out the material requisition form with the help of key details like date of request, material description and quantity etc. which it receives by mail, typically from the operations team. It then sends out this information to the storage department, thus enabling the required raw materials to be moved from storage to production.

3. REQUIRE HELP IN RESEARCH? LOOK NO FURTHER!

The job of a consultant is quite challenging albeit interesting. Staying updated on latest trends and other relevant information often means undertaking constant research in the domain of real estate. And gathering all that data certainly ain’t a piece of cake – at least not for a human. As for your bot, that’s a different story. RPA bots can gather and consolidate relevant information from research website. It also mails the obtained information to the email addresses provided to it! Lastly, RPA ensures that data is always readily available for users to utilize in their next tasks.

4. YOUR BOT IS HERE TO SET YOUR PURCHASE ORDERS IN ORDER!

Formulating Purchase Orders for a list of items can be quite time-consuming. And with a massive number of items to be purchased on a regular basis in the construction industry, it’s literally a “tall order”. Once your RPA bot is provided with details pertaining to Rate Contract, purchase requisition, item of requisition etc., it can independently prepare your Purchase Order by filling in all the information accurately and in no time!

5. WELCOME RPA, AND ALLOW YOUR BOT TO WELCOME YOUR NEW EMPLOYEES!

Human resource is the backbone of any organization. And so, welcoming an employee on board and ensuring that the working experience is comfortable for him/her is a company’s primary responsibility. Automating the on-boarding process enables HR platforms to release modules and other aids on schedule. RPA also ensures that the information gathered during employee on-boarding stays confidential and locked in a secure virtual database.

6. TRYING TO RECONCILE WITH MONOTONOUS BANK RECONCILIATION TASKS? NOT ANYMORE!

Yes, bank reconciliation tasks can be rule-based and time-consuming. RPA to the rescue! The digital workforce can download accounts statements for bank accounts, fill up important details including cheque number and NEFT number and then validate these details to complete the reconciliation process.

CONCLUSION

That’s quite a lot, isn’t it? But this isn’t the exhaustive list! RPA can help the real estate reap benefits of leaner business processes in other tasks as well – including material code creation, internal IT processes, preparing sales tax reports and so on. So, are you ready for a promising career journey in the real estate industry? It’s time to welcome RPA!

HAVE YOU CHECKED OUT OUR OTHER “RPA IN…” BLOGS?

1. RPA in Retail
2. RPA in law
3. RPA in the hotel industry

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