Custom Tenant Communi-cation Platform
A real estate company faced inefficiencies and high costs due to the manual processing of monthly revenue reports for over 1,600 tenants. By implementing scitus' custom online platform for automated revenue tracking, the company achieved a 90% reduction in manual work, over 50% cost savings, and improved data quality and forecasting accuracy.
1
Initial Situation
A real estate company managed the monthly revenue reporting of over 1,600 tenants for rent calculation. The process was highly manual:
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Revenue data was received via email (text or document)
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Numbers were manually transferred into the software
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High time consumption and error susceptibility
2
Challenges
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Time-consuming, high costs
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Error-prone: Manual entries frequently led to inaccuracies
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Scalability issues: Growing customer numbers exacerbated inefficiencies
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Our Solution
scitus developed a custom online platform for automated revenue tracking, featuring:
✅ Automated reminder emails for revenue submission
✅ Historical performance metrics to identify and analyze trends
✅ AI-driven revenue forecasting based on past data
✅ Seamless integration with the existing property management system
4
Results & Benefits
📉 90% reduction in manual work → Saving over 150 hours per month
💰 More than 50% cost reduction in administrative processes
🔍 Improved data quality & forecasting accuracy
⏳ Savings starting from month 8
⚡ 90% less workload by month 12
💼 Break-even within 14 months