Well the property and facility management industry is inundated with acronyms: PM, FM, ROI, NOI, MLS, IREM, CCIM, BOMA, TI, LO, LOI, you get the drift. But now the industry is being exposed to terminology and acronyms that the tech world and many others, hopes will change the industry forever. The term is SaaS, or Software As A Service. In other words, an automation that is online and can be called a tool or portal. With SaaS, everyone is delivered the same software via a browser that you use for FREE or with a subscription, just like any other subscription service.
The point of SaaS is to actually provide service that enables you to automate or streamline the current process or method you are using today in your offices and improve service delivery and/or reduce your labor and overhead. For example, we all have heard of Lock Box, Multiple Listing Services (MLS), and Online Banking. Now the next generation of online technology has started with a multitude of products and tools that are above and beyond those traditional shared software, now online, products. The products vary from website portals that deliver template formats for property websites to payment processing and bill paying. Everything consumers have been enjoying at home for years! In addition, all of the Cloud products, such as document storage, email and online productivity applications are basically SaaS services as well. With the Property Management industry fraught with overhead and a multitude of remote sites, SaaS and Cloud should be on any companies radar as an alternative.
It is very exciting to find blogs, such as Software Advice where you can read about the Property and Facility Management industry and its migration to this evolution by our industry with technology. It is about time we get our act together and reduce our redundancy, provide 24/7/365 service to our customers, create standards, eliminate the pain of training, pool our resources, create economies of scale, and improve our accuracy. The author of the blog, Chris Thorman is a member of several groups I belong to on LinkedIn and I offered to share his basic and easy to understand article at his Software Advice blog for software advice to the Property Management Industry.
Consider joining our family of LinkedIn groups:
PFMI (Property and Facility Management Innovators)
–Vendor Bidding Lab (beta) subgroup of PFMI
–PFMC(Property Facility Management Companies) subgroup of PFMI
Certified Property Managers (CPM Group)
Need to be listed in IREM Membership Roster.
Join me at Maven Research too: https://www.mavenresearch.com/join/4G4Y4QmB