In our fast-paced world, embracing technology can make the difference between standing still and getting ahead. However, many organizations in the real estate development sector have been slow to adopt new technology. A recent KPMG survey found that just 57% of real estate participants have a formal data and information management strategy. Indeed, too many still rely on entry-level or legacy business management applications running on dated on-premises servers. Are you leveraging the best tools and technologies to streamline operations and maximize project returns? Here are eight reasons why you should consider moving to the cloud with a real estate development software solution like Sage Intacct Construction.
1. Embrace Efficiency and Flexibility
The first thing to understand is that the cloud offers businesses like yours unparalleled efficiency and flexibility. Unlike traditional software that ties you to a specific workstation or server, or requires multiple logins to access remotely, cloud-based solutions like Sage Intacct Construction allow you to access your financial and project data anywhere, anytime.
Whether at the office, on a site visit, or working from home, your project information and financials are just a few clicks away. By giving the right people, the right information at the right time, everyone in your organization will be making informed decisions that streamline projects and increase profitability.
2. Scale Seamlessly as You Grow
As your real estate projects expand in size and number, your systems need to keep up. Cloud solutions are inherently scalable, meaning they grow with you. You don’t have to invest in new hardware or undergo extensive installations. With industry- specific real estate development software like Sage Intacct Construction, scaling up is as simple as adjusting your subscription to accommodate your growing needs. This means you can focus more on your performance and less on IT logistics.
3. Enhance Collaboration Among Teams
Real estate development involves multiple stakeholders — from architects and contractors to investors and property managers. Cloud-based platforms encourage better collaboration by providing a central hub where everyone can access and update information in real-time. For instance, budget adjustments made by your finance team are instantly visible to project managers so that everyone is on the same page. It’s a level of integration that helps prevent misunderstandings and errors, making your projects smoother and more successful.
4. Leverage Real-Time Insights for Better Decision Making
Construction and real estate projects move quickly, making it essential to track your project’s financial health as things progress. With real estate development software like Sage Intacct Construction, you easily can. Cloud-based systems offer real-time data processing so that you can monitor cash flow, budgets, and other critical metrics as they happen. Immediate insight like this allows you to make proactive adjustments rather than reactive fixes, keeping your projects on schedule and budget.
5. Centralize for Comprehensive Control
One of the most compelling reasons for real estate developers to move to the cloud is the ability to integrate various business applications seamlessly. Cloud platforms like Sage Intacct Construction work in harmony with other critical tools you already use daily.
Integrating your financial management or ERP software, project management, asset management, and other business systems means that data flows smoothly between them without requiring manual transfers or duplicated efforts. For example, your project management updates (e.g., Sage Intacct Construction Management) can automatically adjust your budget vs. actual forecasts, allowing real-time variance analyses.
This type of seamless interaction reduces the risk of errors and provides your management team with a holistic view of your operations at all times. A vast ecosystem of integrated solutions is available to Sage Intacct Construction in the Sage Intacct Marketplace, plus a robust API is available to connect all of your business management applications.
6. Secure Your Data Like Never Before
Data security is a top concern in any industry, especially in real estate development, where transactions involve large sums and sensitive information. Moving to the cloud might seem risky if you’re used to having physical control over your servers, but cloud providers invest heavily in security technologies and protocols. Sage Intacct Construction stores your data in highly secure AWS and Azure data centers. Advanced encryption and regular backups mean that your data is safe and protected against loss from hardware failures or natural disasters.
7. Reduce Costs and Enhance ROI
A move to the cloud may also significantly reduce your business’s operational costs. There’s no longer a need for large capital investments in hardware or the maintenance costs associated with physical servers. Additionally, the pay-as-you-go model of cloud services makes budgeting simpler. When you combine this with the operational efficiencies you gain — like reduced downtime and faster project completion — the return on investment can be fast and significant.
8. Stay Updated with the Latest Features
Cloud solutions, including Sage Intacct Construction, are continually updated by the vendor. This means you always have access to the latest features and compliance updates. In a regulatory environment as complex as real estate development, staying compliant and up to date with zero effort is a significant advantage.
Make the Move
For developers still operating on traditional on-premises platforms, moving their real estate development software to the cloud is a transformational shift that can redefine how you operate and succeed. Sage Intacct Construction brings you the specific benefits of cloud technology, powering better control, visibility, and efficiency across all your projects. If you’d like to learn more about cloud migration or Sage Intacct Construction, reach out to our consulting team.
