Challenges that developers real estate CRMs and ERPs must address to help quicken the pace of digital acceptance & usage in the industry

1. Challenges in the Real Estate Sector Hampering Adoption of ERP
Solutions
The digital revolution of the last decade has transformed most industries conceivable and real
estate & construction is no different. However, this transformation is yet to fully take shape as
companies either haven’t completely embraced the digital revolution or in certain the digital
revolution has failed to provide viable solutions to very niche problems of the industry. Be that
as it may, there is little doubt that the digital paradigm is here to stay. And therefore, it is
imperative for players in the construction industry to assimilate these changes, lest they make
themselves obsolete to the ever evolving needs of the digital age.
There are certain valid, real and fundamental challenges that developers real estate CRMs and
ERPs must address to help quicken the pace of digital acceptance & usage in the industry.
Currently, some of the key challenges that are faced by real estate developers across the board,
include:
 Streamlining Challenges
o Given that most processes and tasks in a real estate company are spread out
across multiple, often distant locations. Besides being allocated to varied
projects and costs centres makes it difficult for the company to streamline each
of these into unified, workable processes without employing a viable ERP
solution.
 Duplication Challenges
o Multiple processes and vastness of organizations often leads to the problem of
plenty. There’s excess data in the system because it is duplicated and adds to
the bulk without making any tangible difference to profitability. There is an
added layer of inefficiency and efforts to resolve it with checks & balances
inflates the input costs. Construction management software therefore have to
address the challenge of duplication without increasing costs.
 Accessibility Challenges
o Digital transformation within any organization should lead to greater
transparency and accessibility of data. Key decision makers should be able to
have access to centralized dashboards & analytics that aid effective decision
making. Some of the current crop of ERPs for the construction industry fail to
address this key requirement.
 Integration Challenges
o Difficulty of integrating existing systems with new solutions without losing data
or time or both is fundamental to any decision on leaving an existing system
and moving to a new Real Estate ERP.

2.  Regulatory Challenges
o The Real Estate space is littered with complex regulatory and statutory
compliances issues. ERP solutions for the construction industry should be able
to keep pace with this regulatory structure. Inability of construction ERP
systems to keep pace with the regulatory structure makes a complete transition
untenable.