Having to manage a large volume of documents (contracts, leases, invoices, financial reports, etc.), one of the most impactful changes that has occurred on the Asset Service side is the use of cloud-based document storage and web-based accounting software. The use of cloud-based document storage allows instant access to virtually any documents from any location with an internet connection.
Pairing cloud storage with web-based accounting software allows for seamless integration between systems, speed up processing and approval times, while significantly reducing the need to file and store hard copy files. These two changes in technology allow for Owners, Asset Managers, Property Managers and Brokers to work more collaboratively, and have the necessary information on hand to make the best, and most informed, decision for their asset. |