How to Implement New Technology in Your Commercial Real Estate Business

How to Implement New Technology in Your Commercial Real Estate Business

As the new year brings with it new opportunities to improve your commercial real estate business, you might be interested in using new hardware or software to boost your bottom line. When you implement new technology, it’s critical to do your research and take your time during the implementation process to ensure it’s right for you and your employees. How can you get the technology adoption process right?

Start By Asking Why

Before you can choose a new product or service that your business will be using, you need to first consider why you are doing it in the first place. This is particularly important as you implement new technology that might override existing processes and workflows. What problems are you hoping to solve? Why do you need to invest in new technology right now?

Work with Your Employees

When you implement new technology, you need to make sure that you take into account the opinions and advice of people who will be using it. Executives who don’t use customer-facing software are not as valuable in this conversation as clients and employees who use it all day long. Make sure that you work together as a team to determine what is right. Winning support early on will also help when you need cheerleaders to get other employees excited about the changes instead of dreading them.

Communicate Clearly

Your clients and employees remember what you tell them, so you should take care to clearly communicate throughout the vetting and implementation processes. Be open about the benefits and potential challenges of the new technology. Explain why you’re making the changes, whether it’s to spend less on software or to better meet the ends of end users. When you are transparent, everyone in your company is more likely to get on board.

Be Realistic

Finally, as you implement new technology, you need to set realistic goals. The process might have some hiccups or challenges, and employees might struggle to switch from your current technology to the new software or hardware. Work together as a team to tackle issues head-on and make sure that you don’t set goals that are too aggressive.

Make Finances Easy at Your Commercial Real Estate Business with MKS&H

MKS&H provides tax and accounting services to businesses of every size and in every industry, including construction and commercial real estate. We can work with you to improve your company and make sure that it is financially secure now and in the future. Contact us today for a consultation.

About MKS&H: McLean, Koehler, Sparks & Hammond (MKS&H) is a professional service firm with offices in Hunt Valley and Frederick. MKS&H helps owners and organizational leaders become more successful by putting complex financial data into truly meaningful context. But deeper than dollars and data, our focus is on developing an understanding of you, your culture and your business goals. This approach enables our clients to achieve their greatest potential.

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MKS&H is committed to providing personalized tax and accounting services while developing a deep understanding of you, your culture, and your business goals. Our full view of financial systems and the people behind them allow us create and evolve the best solution that will help you and your business thrive. The accounting experts and consulting professionals at MKS&H work together to help you achieve the financial results you want.

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