Are you getting the most out of your transaction management software?
Transaction management software can help your team eliminate bottlenecks, keep transactions on track, manage more transactions, close deals on time, and more. To maximize the benefits of your transaction management software, you need to know how to get the most out of it.
With the right transaction management software, it’s a breeze to maximize your ROI. We’ll cover everything you need to know to get the most out of your transaction management software. Let’s take a look at the first way to realize the full potential of your transaction management solution – connect it.
The first way to get the most out of your transaction management software is to connect it to the rest of your back office.
Your team needs data from accounting, commissions, agent management, reporting, and more to manage transactions. If your transaction management software isn’t connected to the rest of your back office, your team will have to manually find, enter, and transfer transaction data. This increases the risk of mistakes and slows your team down.
To get the most out of your transaction management software, you need to connect your back office. By choosing transaction management software that’s part of a complete back office platform, you can create a seamless data flow. Your team no longer has to hunt for the right data. Instead, connected transaction management software can automatically find and enter data – improving accuracy and saving your team time.
Connecting your transaction management software to the rest of your back office can help you maximize your ROI by improving accuracy, saving time, and freeing your team up to focus on high value tasks.
Another way to get the most out of your transaction management software is to use transaction checklists.
Transactions have a lot of steps for your agents and team to remember. While your back office team tries to stay on top of all steps, it’s easy for your team to forget a transaction management step. Forgetting even one small step can hold up transactions, create bottlenecks, cause compliance headaches, and more.
The right transaction management software can ensure your team does every transaction management step every time with transaction checklists. These checklists prevent agents or your back office team from moving to the next part of the transaction until they’ve completed the current step. This makes it easy for your team and agents to complete transactions correctly the first time.
To get the most out of your transaction management software, you should choose software with transaction checklists that keep your team and agents on the right track.
Along with transaction checklists, you can realize the full potential of your transaction management software with automated reminders.
Managing transactions involves a lot of moving parts. If an agent or team member doesn’t get their part done, it holds up the rest of the transaction. This causes bottlenecks, limits how many transactions can be managed, and reduces client satisfaction. However, it can be time-consuming and tedious to manually remind everyone to do their part.
The right back office software can automatically remind your team and agents to complete transaction management steps. If anyone hasn’t completed their transaction steps by a certain time, this software can automatically send a reminder. This makes it easy to keep everyone on track without wasting time on manual management.
To get the most out of your transaction management software, you should automate reminders to keep transactions on schedule.
In addition to automated reminders, built-in eSignature can help you get the most out of your transaction management software.
It can be time-consuming for agents to get client documents signed. Coordinating agent and client schedules to find a time to sign paper documents can take days or weeks – holding up the entire transaction. If there are any mistakes or changes needed, your agents have to again find time to get the documents signed, further delaying the transaction.
With eSignature, your agents can eliminate the need to sign documents in person. Instead, they can send eSignature documents to clients to sign whenever is convenient.
You could choose a standalone eSignature solution. But, to get the most out of your transaction management software, you should choose transaction management software with eSignature built in. That way, your eSignature and transaction management software work seamlessly together to save time and create a great client experience.
By having eSignature built into your transaction management software, you can streamline document signing and speed up transactions – helping you get the most out of your transaction management solution.
The last way to get the most out of your transaction management software is to pair it with offer management.
Good offer management boosts client satisfaction and keeps transactions running smoothly. However, manually managing offers, communications, comparisons, and more can be difficult. It’s easy for agents to lose track of offers or forget to keep good records. This not only reduces client satisfaction but also slows down the entire transaction management process.
The right offer management software makes it easy to compare offers, automatically store records, and get notifications of any incoming offers. When part of a complete back office platform with transaction management, offer management software can seamlessly transfer transaction data to speed up transaction management – helping your team manage more transactions.
With offer management and transaction management as part of the same back office platform, you can maximize transaction management speed and performance to help your brokerage grow.
Managing transactions well is crucial to brokerage operations, performance, and growth. Any transaction management software can offer some benefits over manual transaction management. However, with the wrong transaction management solution, it can be hard to maximize ROI and get the most out of your software.
To realize the full potential of your transaction management software, you should connect it to the rest of your back office, use transaction checklists, automate reminders, use built-in eSignature, and pair it with offer management. With these tips, you can get the most out of your transaction management software – enabling your brokerage to manage more transactions and grow faster.
If you’re looking for transaction management software that makes it easy to maximize ROI, Brokermint is the way to go. Brokermint’s complete back office software has offer management, built-in eSignature, checklists, automated reminders, and more.
Along with transaction management, Brokermint has four other modules – commission automation, accounting, agent management, and reporting/analytics. Brokermint’s cloud-based back office platform has everything you need to streamline and modernize your back office.
Book your Brokermint demo today to see how to get the most out of your transaction management software.
Schedule a demo and see your back office with Brokermint.