The Small Stuff Can Add Up

When profits are soaring it's easy to let the small stuff slide. But hey, times are different and profitability at all levels is more money for your your organization. Here is just one example of how technology can help recover those hidden expenses that eat away at your bottom line.

Number 6 – Save time, money and effort on report distribution

Reports are a fact of life in all businesses. They are an important ‘tool’ at all levels of management to track, manage and analyze the firm’s activities. Compiling, printing and distributing the various reports can be an expensive administrative cost to your real estate company with no real return on the investment.

Newer technology can auto-email reports rather than printing them and will greatly reduce the effort and cost when compared to printing. A few simple clicks can complete the process and provide ‘real-time’ reporting with ‘up-to-minute’ data for all levels of management. When the cost of printing is removed, reports can be distributed more often or whenever the need arises.

On-line reporting is another reporting ‘tool’ that provides secure access to operational data whenever the need arises. Technology can greatly increase availability and reduce expensive costs related to this vital aspect of your firm. Saving money is like earning more. It just makes good sense.

Assumptions (multiply by your actual numbers):

1 branch office
25 agents
4 reports – 25 pages each per month
$50.00 cost per report (paper, ink, printer maintenance, administrative staff, distribution, etc.)
$200.00 per month savings ($2,400.00 per year)
Using NAR $100.00 average profit per side the $2,400.00 would be like adding 24 more sides to your transaction total for this branch office