Preferred Contract Lifecycle Management Software for Real Estate Companies
Agile and compliant contracting for Real-Estate Enterprises
With the growing complexities of the real estate landscape where the infrastructure and related sectors are inter-twined, a digitally centralized platform to manage the multitude of contracts and the related documents is becoming a need of the hour where every real estate deal is different - be it with a customer, an agent, bank, investor or real-estate developer’s vendor and supplier.
The real-estate laws are ever changing with the demands of the economic climate conditions which even require the entire contract management process to be agile and robust focusing on the compliances, obligations, clauses, risk, and contracts volume, insight into costs, yield, and occupancy to thrive in the competitive real estate industry.
Key contract management challenges faced by real-estate enterprises:
Managing contracts across stages
like drafting and executing compliant contracts, reviewing old contracts, while executing new deals
Obligation & compliance requirements
being fulfilled by having insights into yield, occupancy rates, costs and obligations that need additional tracking
Centrally storing all contracts
with the supporting documents, easy to access on the go can be a differentiator between winning and losing a deal
with time-sensitive due dates. (e.g., expiries, renegotiation, extensions, or terminations to avoid penalties)