Right is currently focused on the Middle East market with that focus in mind and
the current growth on the real estate market, realizing the need to have a vertical
that can help the real estate business was clear.
The real estate is a very complicated marketplace with a huge number of different
factors affecting the decision making process for the real estate providers. Taking
into consideration the nature of this market and the heterogeneous nature of the
information required for decision makers to be able to manage this type of business.
The need for a software solution to simplify and help manage it arises. For that
reason Right Group decided to create a Real Estate Vertical to accomplish the business
needs for this market place.
What is really unique about “Right Real Estate Vertical” is the approach taken on
looking at the business. The concept was built to revolve around moving the real
estate corporate vision and business goals into actionable items that directs the
day to day operation on the business.
The vertical covers number of areas starting from moving top management decisions
into a process throughout the system, going through actions taken against lands
in preparation for development, preserving feasibility studies, getting development
status, receiving the property and defining its attributes and classifications,
setting targets and goals for each property such as expected occupancy rate, preparing
lunching marketing campaign, following with sales and leasing officers leasing steps,
building quotations, getting approvals, creating contracts, following up on collection,
and sending the financial data to the Financial system. In other words it manages
the full lifecycle of the real estate business.
Real Estate Management
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Effectively placing corporate strategy into action
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Land and Property Acquisition
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Tracking and reviewing feasibility studies
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Competition comparisons
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Tracking current status of property under development
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Setting directions per property
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Management reporting and Corporate KPI tracking
Lease Management
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Define new customers and collect required legal documents for leasing
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Create leasing requests and quotations
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Create leasing contracts
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Collect down payments and other fees
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Follow up and collect periodic rent
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Setting leasing and collection targets
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Measuring performance
Maintenance Scheduling
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Scheduled maintenance
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Reactive maintenance / call center
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Handover inspection
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Maintenance work order management
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Resources schedule planning
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Maintenance contractors relationship management