--- title: How to Simplify Transaction Management description: How do you manage your real estate transactions? We'll show you how to simplify, automate, and consolidate. Close on time and greatly reduce errors. image: https://blog.brokermint.com/hubfs/Businessman%20hand%20using%20mobile%20phone%20with%20digital%20layer%20effect%20as%20business%20strategy%20concept.jpeg --- [![logo](https://blog.brokermint.com/hs-fs/hubfs/Support%20GFX/logo.png?width=900&height=165&name=logo.png "logo")](https://brokermint.com) - Features - #### READY TO LEARN MORE? Tired of broken or disparate systems? See why Brokermint's consolidated platform is the preferred solution for modern brokerages. 619-433-6789 [sdr@brokermint.com](mailto:sdr@brokermint.com) [Get a Demo](https://brokermint.com/get-a-demo) #### [Transaction Management Automate workflows to close deals on-time, every time.](https://brokermint.com/real-estate-transaction-management/) #### [Commission Automation Accurately calculate and apply complex commission structures.](https://brokermint.com/real-estate-commission-automation/) #### [Accounting Efficiently record, organize, and analyze your brokerage financials.](https://brokermint.com/real-estate-accounting/) #### [Agent Management Empower agents, scale your system.](https://brokermint.com/real-estate-agent-management/) #### [Reports & Analytics Stay alert of your Brokerage’s performance with real-time reports.](https://brokermint.com/real-estate-reporting-and-analytics/) - Resources - #### READY TO LEARN MORE? Tired of broken or disparate systems? 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Managing transactions correctly is crucial to having happy clients, being compliant, and retaining agents. However, transaction management is extremely complex. As such, it can be a huge time suck. Especially if you’re managing transactions with manual pen and paper or spreadsheets. So, your agents have to spend time on tedious tasks – instead of on value-adding activities. But, if you want each transaction to be managed correctly, your team needs to spend a lot of time on it, right? Nope. With transaction management software, you can simplify your transaction process. In this post, we’ll cover the top ways transaction management software can simplify your process. Let’s get started with the first way – automation. ## 1. Automate It ![Businessman hand using mobile phone with digital layer effect as business strategy concept](https://blog.brokermint.com/hs-fs/hubfs/Businessman%20hand%20using%20mobile%20phone%20with%20digital%20layer%20effect%20as%20business%20strategy%20concept.jpeg?width=350&name=Businessman%20hand%20using%20mobile%20phone%20with%20digital%20layer%20effect%20as%20business%20strategy%20concept.jpeg)While transaction management has a lot of moving pieces, many parts of transaction management are simple tasks. Yet, your team wastes hundreds of hours a year tending to those simple tasks. And, although those tasks are simple, it’s easy for your team to make mistakes. Entering even one wrong figure can cause headaches for everyone involved in the transaction. Including clients – who likely won’t give you referrals or repeat business. The best way to save time and increase accuracy with transaction management is through automation. Transaction management software with automation takes care of tedious tasks for you. This software can input info, pull data from your [CRM](https://boomtownroi.com/) or MLS, [switch it between systems](https://blog.brokermint.com/mint/what-is-a-data-silo-and-how-does-it-hurt-your-real-estate-business) (like [accounting](https://blog.brokermint.com/mint/how-to-choose-the-best-real-estate-accounting-software)), and even remind agents to complete tasks. All without you having to do anything. Plus, [automation](https://brokermint.com/real-estate-transaction-management/) is more accurate than manual data entry. So, you don’t have to worry about your team inputting data wrong. Instead, your transaction management software can do it for you. Automation shifts the transaction management burden from your team to software. This not only improves accuracy. It also frees your team up to do what they do best – wowing clients. ## 2. Consolidate Your Process Another way to simplify transaction management is by [consolidating your process](https://blog.brokermint.com/mint/t3-sixty-and-brokermint-broker-back-office-innovation-session). ![Compliance Concept. Word on Folder Register of Card Index. Selective Focus.](https://blog.brokermint.com/hs-fs/hubfs/Compliance%20Concept.%20Word%20on%20Folder%20Register%20of%20Card%20Index.%20Selective%20Focus..jpeg?width=350&name=Compliance%20Concept.%20Word%20on%20Folder%20Register%20of%20Card%20Index.%20Selective%20Focus..jpeg)Traditional transaction management involves paper files, excel spreadsheets, email attachments, and more. Trying to keep track of all this information is nearly impossible. And, it can be challenging to keep records to prepare for an audit. Plus, with transaction info in so many places, it can be hard to stay on top of transactions. Your team doesn’t know what needs to be completed when. So, things slip through the cracks. Whether it’s transaction deadlines, commission disbursement, or anything else, missing things can cause problems with your clients, agents, and staff. So, you need [one place](https://blog.brokermint.com/mint/why-you-need-to-consolidate-your-real-estate-tech-stack) to store and organize everything transaction related. The right transaction management software can do this for you. With an [easy-to-use dashboard](https://brokermint.com/real-estate-transaction-management/), you can see everything important at a glance. This software can also digitally [store all transaction data](https://blog.brokermint.com/mint/zillow-and-dotloop-what-you-need-to-know-about-your-data-privacy) automatically. That way, you don’t have to worry about filing everything manually. Plus, with advanced [eSignature tech](https://blog.brokermint.com/mint/brokermint-esignature-is-easier-more-secure-and-built-by-brokermint), clients can securely review and sign documents from anywhere. Having eSignature capability built into your transaction management software and tied to your forms means you can do everything in one place. That makes it even easier to manage your transactions. And, with transaction management software, you can even email documents right from the software. Plus, you can track them with the same software. So, you can do everything you need in one place. ## 3. Create an Easy-to-Follow Process ![Close up of business man hand working on laptop computer with social media diagram and chart graph on wooden desk as concept](https://blog.brokermint.com/hs-fs/hubfs/Close%20up%20of%20business%20man%20hand%20working%20on%20laptop%20computer%20with%20social%20media%20diagram%20and%20chart%20graph%20on%20wooden%20desk%20as%20concept.jpeg?width=350&name=Close%20up%20of%20business%20man%20hand%20working%20on%20laptop%20computer%20with%20social%20media%20diagram%20and%20chart%20graph%20on%20wooden%20desk%20as%20concept.jpeg)Having transaction management software won’t help if your transaction management process is still complicated. If your team has to jump through hoops to get every step of the process done, they’re not going to follow your process. This increases the chance they’ll miss crucial steps. And, cause problems for you or clients. So, you need a simple and easy-to-follow process. Transaction management software can reduce the number of tasks your team has to complete. And, with [checklists](https://brokermint.com/real-estate-transaction-management/), you can make sure your team does everything they need to do. Plus, with transaction management software, you can assign tasks to individual team members. So, everyone knows what they need to do when. With a simple process, you can ensure your team manages transactions correctly and efficiently. ## 4. Use the Cloud ![Businessman hand working with a Cloud Computing diagram on the new computer interface as concept](https://blog.brokermint.com/hs-fs/hubfs/Businessman%20hand%20working%20with%20a%20Cloud%20Computing%20diagram%20on%20the%20new%20computer%20interface%20as%20concept.jpeg?width=350&name=Businessman%20hand%20working%20with%20a%20Cloud%20Computing%20diagram%20on%20the%20new%20computer%20interface%20as%20concept.jpeg)One last way to simplify your transaction management is by using cloud-based tech. Traditional transaction management has to be done from your office. Whether it’s paper files, local excel spreadsheets, or software you have to download onto computers, this transaction management can’t be done from anywhere. So, your team has to be at the office to manage transactions. And, buyers/sellers have to sign documents in person. Or, with another tech tool – creating a negative client experience. To simplify your transaction management, you should look for cloud-based transaction management software. You and your team can access this software from anywhere. Including with mobile devices. Whatever transaction-related data you need, you can find it from wherever you are. With [cloud-based transaction management software](https://brokermint.com/real-estate-transaction-management/), it’s easier and simpler for you, your team, and clients to access what you need wherever you are. ## Wrapping It Up Managing transactions is one of the most complicated parts of real estate. However, there is an easy way to simplify it – with transaction management software. Automation, consolidation, an easy process, and cloud technology can make your process more efficient, simple, and quick for everyone involved. If you’re looking for transaction management software to help you simplify your transactions, consider [Brokermint](https://brokermint.com). More than just a transaction management platform, Brokermint is a complete back office solution. So, you can [manage your transactions](https://brokermint.com/real-estate-transaction-management/), [accounting](https://brokermint.com/real-estate-accounting/), [commissions](https://brokermint.com/real-estate-commission-tracking/), [agents](https://brokermint.com/real-estate-agent-management/), and do [analytics and reports](https://brokermint.com/real-estate-reports-and-analytics/) from one platform. And, with a user-friendly interface, Brokermint is easy for you and your team to use. [Simplify your transactions](https://brokermint.com) today with your free demo of Brokermint. ### Popular Posts ![white-9](https://blog.brokermint.com/hubfs/Brokermint_2022/Images/white-9.png "white-9") ### Categories - [Real Estate Technology (93)](https://blog.brokermint.com/mint/tag/real-estate-technology) - [Real Estate Back Office (88)](https://blog.brokermint.com/mint/tag/real-estate-back-office) - [Real Estate Software (84)](https://blog.brokermint.com/mint/tag/real-estate-software) - [Real Estate Brokerage (35)](https://blog.brokermint.com/mint/tag/real-estate-brokerage) - [Real Estate Transaction Management (27)](https://blog.brokermint.com/mint/tag/real-estate-transaction-management) - [Real Estate Commissions (24)](https://blog.brokermint.com/mint/tag/real-estate-commissions) - [Real Estate Business (22)](https://blog.brokermint.com/mint/tag/real-estate-business) - [Real Estate Agent Recruiting (17)](https://blog.brokermint.com/mint/tag/real-estate-agent-recruiting) - [Real Estate Commission Automation (16)](https://blog.brokermint.com/mint/tag/real-estate-commission-automation) - [Real Estate Front Office (9)](https://blog.brokermint.com/mint/tag/real-estate-front-office) - [Real Estate Accounting (8)](https://blog.brokermint.com/mint/tag/real-estate-accounting) - [Real Estate Awards (1)](https://blog.brokermint.com/mint/tag/real-estate-awards) See all ## Let’s Modernize Your Brokerage Schedule a demo and see your back office with Brokermint. ![logo](https://blog.brokermint.com/hubfs/Support%20GFX/logo.png "logo") © 2022 Brokermint.  All rights Reserved.  Privacy Policy ![google-play-badge (1)](https://blog.brokermint.com/hubfs/google-play-badge%20(1).png "google-play-badge (1)") ![Download_on_the_App_Store_Badge_US-UK_RGB_blk_092917](https://blog.brokermint.com/hubfs/Brokermint_2022/Images/Download_on_the_App_Store_Badge_US-UK_RGB_blk_092917.svg "Download_on_the_App_Store_Badge_US-UK_RGB_blk_092917") ### Features - [Transaction Management](https://brokermint.com/real-estate-transaction-management/) - [Commission Automation](https://brokermint.com/real-estate-commission-automation/) - [Accounting](https://brokermint.com/real-estate-accounting/) - [Agent Management](https://brokermint.com/real-estate-agent-management/) - [Reporting + Analytics](http://brokermint.insivia.co/real-estate-reporting-and-analytics/) ### RESOURCES - [API Documentation](https://brokermint.com/api/) - [Help Center / Support](https://brokermintsupport.zendesk.com/hc/en-us) - [Mobile App](https://brokermint.com/mobile-app/) - [Referral Program](https://wlp.brokermint.com/refer-a-client) ### ABOUT - [About Brokermint](https://brokermint.com/about-us/) - [Careers](https://brokermint.com/careers/) - [Partner Program](https://brokermint.com/partner-program/) - [Success Stories](https://brokermint.com/success-stories/) [Read more brokermint reviews](https://www.g2.com/products/brokermint/reviews?utm_campaign=widget_embed&utm_medium=riblets&utm_source=read_more) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Kirk Duke", "url" : "https://blog.brokermint.com/mint/author/kirk-duke" }, "dateModified" : "2021-07-16T13:36:58.393Z", "datePublished" : "2021-07-16T13:36:58.000Z", "headline" : "How to Simplify Transaction Management", "image" : [ "https://blog.brokermint.com/hubfs/Businessman%20hand%20using%20mobile%20phone%20with%20digital%20layer%20effect%20as%20business%20strategy%20concept.jpeg" ], "mainEntityOfPage" : { "@id" : "https://blog.brokermint.com/mint/how-to-simplify-transaction-management", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.brokermint.com/hubfs/Support%20GFX/logo.png" }, "name" : "InsideRE, LLC" } } ```