Are you on track to close the year strong and set yourself up for success next year?
With the holidays approaching and the end of the year in sight, it’s easy to slow down and not close the year strong. However, having a weaker Q4 makes it hard to set yourself up for success in 2024. Lagging productivity, fewer deals closed, and slow growth can carry over from the end of this year and hold your brokerage back next year.
The easiest way to end the year strong and have a great next year is with the right technology. We’ll cover everything you need to know to implement easy ways to close this year and start next year strong with back office software. To start, let’s take a look at the first way to end the year strong – using metrics.
The first way to close the year strong and set yourself up for success is to use back office software with reporting and analytics to measure brokerage performance.
To end the year strong and start next year right, you need to know what works for your brokerage – and where you need to improve. However, manually measuring brokerage performance can be time-consuming for your team. And, after your team spends weeks or months creating reports, the insights could be too outdated to be helpful.
With the right back office software, you can automate reporting and analytics. This software automatically collects data from throughout your back office. In just a few clicks, your team can generate reports on brokerage performance, agent performance, cash flow, and more.
These reports can provide accurate and up-to-date insights on what your brokerage does well and where your brokerage could improve. By doubling down on what works and switching up what isn’t working, your brokerage can maximize success to close the year strong and start next year right.
Another way to close the year strong and be successful next year is to streamline your tech stack with the right back office software.
To manage your back office, you need a solution for transaction management, commission automation, accounting, agent management, reporting/analytics, and more. Having a separate tech solution for every area of your back office makes your tech stack hard to use. Instead of increasing productivity, your large tech stack holds your team back – making it hard to end this year or start the next year strong.
With a complete back office platform, you can consolidate your various tech tools into one platform. A complete back office platform should have solutions for transaction management, commissions, accounting, agent management, reporting, and more. Having all your tech tools in one, easy-to-use platform streamlines operations and boosts productivity.
Along with being a complete platform, you should also look for a back office solution with wide integration. While your back office platform should provide most of what your team needs, your team may still have to use third-party tools (like franchise reporting). Wide integration creates a seamless data flow between your tech tools – eliminating most manual data entry.
By consolidating your back office and choosing tools with wide integration, you can minimize the time your team spends on menial tasks and increase the time they spend on brokerage growth activities – helping you close the year strong and set your brokerage up for a successful 2024.
Lastly, you can close Q4 strong and set yourself up for success next year by using back office software to create a business plan.
Having a business plan is essential to knowing what you need to do to achieve your brokerage goals. However, business planning manually can be time-consuming and frustrating. Your team has to manually analyze business data to find your brokerage strengths and areas to improve. Then, your team has to compile that data into a plan to achieve your brokerage goals this year.
Instead of wasting time on manual business planning, you need the right back office software. The right back office software can automatically collect and analyze brokerage data. With these automatic insights, your team can create an accurate business plan in hours (instead of days or weeks).
Quickly and accurately creating a business plan helps you and your team know exactly what you need to do to reach your brokerage goals now and in the future. By creating and following your business plan, it’s easy to close Q4 strong and set yourself up for a successful 2024.
To reach your brokerage goals for this year and next, you need to close the year strong and set yourself up for success in 2024. Without the right technology, it can be hard to know what to do and how to implement it to achieve your goals.
The right back office software makes it a breeze to close the year strong and be successful next year. With this software, you can find data-driven insights into brokerage strengths and areas to improve, consolidate and integrate your tech stack, and quickly and easily create a business plan.
If you’re looking for the right back office software to help you close this year strong and set yourself up for success next year, Brokermint is the way to go. Brokermint’s complete back office platform can consolidate your tech stack into one, easy-to-use solution. And, Brokermint has wide integration, reporting and analytics, and business planning features that make it easy to close the year strong.
Along with features to end this year and start next year right, Brokermint has five modules – transaction management, commission automation, accounting, agent management, and reporting/analytics. With these five modules, Brokermint has everything you need to streamline and modernize your back office.
Book your Brokermint demo today to see how back office software can help you close this year strong and set yourself up for success next year.
Schedule a demo and see your back office with Brokermint.