Are you ready for 2024?
A successful 2024 requires careful planning today. Waiting to plan until the end of the year or the start of next year makes it hard to have everything in place to be successful from the start. Manual business planning for a new year can be time-consuming, so it’s easy to put it off until it’s too late.
With the right back office software, it’s easy to plan for a successful 2024. In this post, we’ll cover everything you need to know to successfully plan for next year with back office software. Let’s take a look at the first way to plan for a successful 2024 today with back office software – consolidating your technology.
The first way back office software can help you plan for a successful 2024 today is by helping you consolidate your tech tools.
A large tech stack is unwieldy, hard to use, and expensive. When your team and agents struggle to use your tech, their productivity, efficiency, and growth all suffer. For a successful 2024, your team and agents need to have the right tools to help them boost revenue and meet your growth goals.
With the right back office software, you can consolidate your back office tech into one, easy-to-use platform. The right back office software should have everything you need in one place (like transaction management, commission automation, onboarding, eSignature, ACH payments, and more). That way, your team and agents only need to learn one tool to get everything done. Plus, having everything in one place can increase productivity and performance.
A consolidated back office platform can help you plan for a successful 2024 by providing your agents and team with the tools they need to be successful next year.
Another way back office software can help you plan for a successful 2024 today is by empowering you to analyze brokerage data to find ways to grow and improve.
Brokerage data can help you know what is working for your brokerage and areas you need to change things up. However, collecting and analyzing data is a huge task for your team to do manually. It can take weeks or months to analyze data sets. By the time your team is done, their insights might not provide accurate ways to grow your brokerage.
The right back office software can automatically collect and analyze brokerage data for up-to-date insights. With back office software, your team can generate brokerage reports in minutes. This makes it easy to see what your brokerage does well so you can double down on what’s working. And, these reports also show you areas you can improve to boost your growth.
With back office software with reporting and analytics, your team can quickly and easily generate up-to-date insights that help you plan for a successful 2024.
Along with using metrics to make smart, data-driven decisions for 2024, back office software can help you plan for a successful next year by refreshing your onboarding.
If you want to grow your brokerage in 2024, you’ll likely need to recruit new agents. Once you recruit new talent, your onboarding process is the first experience these agents get with your brokerage. An outdated and hard-to-use onboarding process can create a negative first impression that makes it challenging to retain top talent.
To plan for a successful year of agent recruiting and retention, you need back office software with a great onboarding process. This software should have an easy-to-use interface, checklists to ensure compliance, be accessible on any device, and more. With a refreshed onboarding process, you can plan to put your best foot forward with agents – helping you grow your brokerage.
By refreshing your onboarding to present your brokerage in the best light to new agents, you can plan to recruit and retain top talent in 2024 to grow your brokerage.
In addition to refreshing your onboarding, back office software can help you plan for a successful 2024 by simplifying your transaction management.
How many transactions your team can manage determines how many deals your brokerage can close. Manually managing transactions requires your team to find and enter data, do calculations, and transfer data to other systems. This manual process can slow your team down and limit how many transactions they can manage – hurting growth.
For a successful 2024, back office software can help your team maximize how many transactions they can manage by streamlining transaction management. The right back office software can automate finding, entering, calculating, and transferring data. This can save your team hundreds of hours a year – freeing them up to manage more transactions.
With the right back office software, your team can manage more transactions – setting you up for a successful year.
The last way back office software can help you plan for a successful 2024 is by automating commissions.
Accurately calculating commissions and paying agents on time is crucial to keeping agents happy and performing at their best. However, if you manually manage commissions and accounting, it can be challenging to pay agents quickly and accurately. Plus, this manual commission work eats up time your team could spend on high-value tasks.
With the right back office software, your team can automate commissions to pay agents promptly. This software can automatically calculate commissions for agents and transfer that data to accounting. And, back office software with next-day ACH payments makes it a breeze for your team to pay agents in as little as a day. By automating commissions, your team can save time while boosting agent satisfaction.
Automating commissions with back office software reduces your team’s workload while ensuring accurate and quick agent payments. By allowing your team to focus on growth activities and making it easy to retain top talent, back office software can help you plan for a successful 2024.
Planning for the next year today is essential to having a successful 2024. While manual planning can be tedious and time consuming, the right back office software makes it easy to plan for a great 2024.
With the right back office software, you can plan for a successful next year by consolidating your tech stack, analyzing metrics, refreshing onboarding, streamlining transaction management, and automating commissions. The right back office software can help you get your back office ready for a great year.
If you’re looking for the best back office software to help you plan for a successful 2024, Brokermint is the way to go. Brokermint’s complete, cloud-based back office platform consolidates your back office tools into one platform. Plus, Brokermint’s back office modules make it easy to analyze metrics, refresh onboarding, streamline transaction management, and automate commissions.
Brokermint’s back office platform offers five modules – transaction management, commission automation, accounting, agent management, and reporting/analytics. With these five back office modules, you’ll have everything you need to streamline and modernize your back office.
Book your Brokermint demo today to see how you can plan for a successful 2024 with back office software.
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