For many people, it’s a huge challenge to keep a company running in an organized and efficient manner.
That happens because most employees are only equipped to solve problems in their area – most of us were taught to be specialists in one activity.
And that works just fine until he/she is promoted to a leadership position and is no longer solving problems or achieving goals.
Some of the most common symptoms that this is happening in your work environment:
- When the leader is not around, the team’s productivity reduces significantly / people are not able to make simple decisions.
- Activities don’t have execution standards, compromising the quality of valuation reports.
- Each employee has his own way of controlling their work.
- People don’t always know what to do in each step of the valuation process.
- TATs are not respected.
- It’s hard to keep track of what’s late or what are the process bottlenecks.
- If one employee is absent, his/her activities are put on hold or are poorly executed because he/she’s the only one that knows how to do it.
- Lack of information control results in obsolete, duplicate, hard to find and unreliable information.
- Scattered unstructured data doesn’t derive any meaningful insight for the opinion.
- No control over Revenue as they lose track of invoices.
Averting these problems and keeping your company organized is a lot simpler than you think.
Though employees are the biggest assets, Your business doesn’t need to embrace people; it only needs a system to Track, Control & Monitor their Process.
- Keep It Simple
- One Change at a time – You will take people out of their comfort zone
- Put your team on an Auto-Pilot Mode
- You should be available always to ensure implementation goes well
Softwares are built based on generally accepted practices and processes, which is mostly adopted by the majority of players in the Valuation industry. This standardization may, at times, result in deviation from existing processes followed by few Valuation firms and hence resulting in resistance.
Conclusion:
Technology will transform all our lives and businesses.
It will not be inappropriate even to address software as a partner in growth. Especially with the Corona impact, the need for technology has advanced itself by at least 5-7 years. We have proven instances of long-term advantages of success and also short-term resistance in adaptation. It is advisable to device a transformation plan depending on the current firm’s needs and accordingly chooses the solution layer.
By – Team Evalo