THE DEBRIEF reconciliations, tenant billing and collection and lease administration – enabling firms to focus on strategic activities. AI enhances efficiency by delivering real-time data analysis, predictive insights and intelligent automation, thereby augmenting data quality, decision-making and financial reporting. Blockchain accelerates transaction recording while also providing secure and transparent processes, reducing the risk of fraud and increasing trust in financial operations. Together, these technologies are transforming how real estate firms manage accounting, making processes more efficient, accurate and scalable. However, they also introduce significant risks if not implemented with proper controls.
What are some common misconceptions or hesitations you hear from clients when it comes to adopting outsourced accounting solutions – especially in real estate – and how do you typically address those concerns?
Our primary goal is for clients to view BPM solutions as a seamless extension of their own team. Prospective clients, particularly in real estate, often have misconceptions or hesitations about adopting outsourced accounting solutions. Common concerns include a perceived loss of control over financial operations, data security risks and the challenges of integrating outsourced services with existing systems. To address these concerns, BPM emphasises the advantages of outsourced accounting – such as improved operational efficiency, access to specialised expertise and the ability to focus on core business functions. Our specialty practices integrate effectively with one another and within clients’ existing ecosystems, offering the flexibility to align with each owner’ s preferred way of operating. BPM also ensures robust data security, a wide range of technology stack options and integrations, and smooth system integration, providing comprehensive support throughout the transition.
As someone who works with both traditional and tech-forward real estate entities, how do you see the relationship between real estate and technology evolving over the next five to 10 years? What should companies be doing now to stay ahead of the curve?
The relationship between real estate and technology is expected to evolve significantly over the next five to 10 years. As technological advancements continue, real estate firms will increasingly adopt innovative solutions to boost operational efficiency and enhance customer experiences. To stay ahead of the curve, companies should invest in PropTech, AI and Blockchain technologies. Integrating these tools with strong project management practices will help optimise processes, reduce costs and strengthen competitive positioning. Additionally, firms must prioritise building robust cybersecurity frameworks and ensuring compliance with evolving regulations to safeguard their investments and maintain stakeholder trust. �
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