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The Ultimate Guide for Automating or Digitizing your Property Appraisal / Valuation Business

As a Business Owner – are you wasting time finding the status of the valuation, tracking your team, updating your banker, allocating and reallocating jobs to your engineers instead of focusing on doing critical appraisals, and generating more business? It is often because you don’t have a system that can help you to automate and monitor these tasks. You have pressure to meet Turn Around Time (TAT), yet you haven’t even made it halfway. You start to believe you need better teams, so you recruit experienced resources at a higher cost. But only to find the results have not changed. Is it possible that the fault doesn’t lie in your team, but the difficulty in the process? I’m sure you would agree the retail valuation business is highly process-driven. According to many studies and research, disorganization, or a complex process that is not easily monitored and improved in the workplace leads to financial losses, and the solution to it is automating your business.

Automation at first may seem complex & challenging to implement. 

Your team leader might think its too much initial work to implement, and teams could be scared that they will lose their job. 

It is not valid. Using the software means you can let it do the tasks like the below and let the team can more valuations, more important quality work which only humans can do, which means more revenue & profits.

Tasks that a Software can help to automate or digitize or enable:

  1. Enabling resources to work from wherever they are
  2. Resizing and formatting property images
  3. Electronic Authorization
  4. Regenerating reports into different bank formats for the same property
  5. Personally handing over property documents to field engineers
  6. Property inspection data submitted to report operator
  7. Generating invoices to clients
  8. Traveling back and forth between Office and Site Visit, Office and Banks
  9. Checking for Dataentry Errors 
  10. Valuation Calculation or Calculator
  11. Searching for old report manually 
  12. Maintaining multiple files  
  13. Training New resources
  14. And many more

To avoid further inefficiency or ease your valuation business process, are you ready to make changes and ensure your business processes are well-organized and automated? This blog will help you with everything you need to know about automating your business processes.

Content of this Article:

Chapter 1: Definition of Business Process Automation? 

Chapter 2: Do you need automation for your business?

Chapter 3: Advantages & Benefits of Automation!

Chapter 4: Automated Process: Why are they better than the Manual Process?

Chapter 5: Define a Successful process flow!

Chapter 6: Evaluating the process for improvement!

Chapter 1: Definition of Business Process Automation (BPM)? 

Business Process Automation is all about streamlining your team’s tasks by allowing the software to do easy & menial tasks. Your employees won’t get replaced, rather will be able to perform valuable tasks instead of getting bogged down in repetitive tasks. 

 “The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency.” – Bill Gates, Microsoft Founder

The key to automation is in identifying the activities in your operations and processes, which can be done by software. Once identified, the software can be tweaked and deployed to handle those tasks. Which means, the software frees up the time of your employees to focus more on critical aspects of valuations, reviewing property document and other elements where risk is involved in an appraisal of a property. 

As a business owner, you will be able to drive qualitative and quantitative results for your business. You are still unsure if your business needs automation? The next chapter will help you with that.

Chapter 2: Do you need automation for your business?

Signs your business needs automation.

  1.  Inspite of all the efforts, you are still facing a challenge in delivering within TAT every time.
  2. Employees forget critical steps or data in the process, which leads to losses (both in the form of revenue and compliance & regulatory). 
  3. Communication gaps between the teams leading to confusion.
  4. Very difficult to fix ownership. 
  5. Tracking the status of the tasks is a challenge.
  6. No data to evaluate and improve the process or productivity.

No one knows your business other than yourself in your organization. You exactly know how to handle different situations. But what about the rest of your employees? Many people will be involved in a task. Non-availability of ownership of the process with a single person will lead to failure of the process, and most of the time, you and your team end up fire fighting. If you could have the bandwidth to do all of them by yourself, you wouldn’t need a team.

We will find the benefits of process automation in the next chapter.

Chapter 3: Advantages & Benefits of Automation

In your valuation business, you find yourself going over the same process every day. Though you and your teams know the process; you have to do the same tasks to complete the valuation reports; that’s exhausting, right? 

Doing unnecessary repetitive tasks are a waste of valuable time. As you are very familiar with the workflow, it would be easier if you create a platform that works automatically, right? Process automation saves time as you are eliminating human intervention by streamlining multiple routine tasks into a continuous flow.

Automation makes your whole valuation business easier. Some are:

Communication:

Clear communication is a crucial factor in aiding the successful completion of every task of the process. A field engineer passes property information to the backend operator; the maker prepares reports and passes on to the checker, and the cycle continues. Many studies reveal that employees spend more time following up and or waiting for the right information. If they get them as quickly as possible, their productivity will improve.

Minimizing Error:

Regardless of how active the employees are, errors are inevitable. The point is: How frequently do these errors happen?

Mistakes are very high when employees have to think a lot to complete multiple tasks. They get distracted and commit mistakes. Process automation simplifies those for the employees; they just have to feed the data. For example, calculating the valuation of the property may lead to errors, wherein it can be automated.

Minimize the Risk:

For every error, the risk increases. A small mistake in valuation calculation can get you into legal trouble. Inaccuracies in the reports can lead you to lose your client. 

A digital system will help in the quality of the data which is fed into the system with the help of validation rules. So it will prevent the user from making data entry errors which could lead to reworking or gross mistakes in estimating the value of the property.

Saves Time:

The long and complicated process doesn’t help both you and your clients. You get stressed as the clients are irritated by longer TATs. 

 Processes often become longer because of the traveling time and manually processing the document. Employees can get their required documents right in their mobile or desktop from wherever they are. They could be working from home or at the site. 

Increased Productivity:

Let’s say your field engineer traveling time between office and property to collect in 30 mins; automation can help him save time by providing these documents wherever he is. He can use this time to do a more productive job.

Chapter 4: Automated Process: Why are they better than the Manual Process?

The goal of an automated process is to deliver the maximum reports in minimum time. Let’s assume your maker needs checker input about property information in the document to complete data entry. He will have to take the documents from desk to desk. When they are busy, he will leave them on their desks to return at a later time. There are other possible issues here. They are not necessarily in the same place or they are traveling to the client’s meeting or valuation visits, so he spends time walking to their desks multiple times. There’s also a possibility that some of them might even forget about it. These could lead to a delay in completing reports on time.

Instead, they could send the documents to the employees in the software to make necessary inputs. They check, either approve or make corrections in the report or reassign to back to the employee for more modifications. If the error continues, they will simply repeat the same. So which of them is a better solution? Manual or Automated?

Features:

  1. Structured data for future analysis and audits
  2. Tracking and Business MIS
  3. Secured Access

With these features in place, your business gets to enjoy:

  1. Low costs of operations
  2. Better customer service
  3. Happier the employees
  4. Happier the customer
  5. Flexible operations

We shall now discuss how to create the perfect workflow automation.

Chapter 5: Define a Successful process flow!

A simple and clear process is a win-win situation for everyone as it makes everyone’s job easier.

Find how to create process automation that will help:

  1. Identify the areas that can be improved.
  2. Define your business goals.
  3. Identify useful processes. 
  4. You train employees on your new system.
  5. Execute automation. 

Chapter 6: Evaluating the process for improvement!

Once you set your digital system, now its time for continually looking for ways and means of improving the process for better results. As you will have access to data, use the data to analyze and look for opportunities to reduce time, improve productivity, increase revenue, etc. 



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

Is the Indian Real Estate Sector insulated from the Pandemic effect?

Multiple factors drive the dynamics of Real Estate price variance. Especially in a Cash dominated country as large as India, the attributes vary from state to state and even at a city level too. However, there is one common and indispensable factor in any price prediction model viz Country’s Gross Domestic Product Growth (GDP).

Relationship between GDP & Real Estate Prices

Gross Domestic Product and Real Estate prices are very closely related.  Afterall, GDP is a summation of Monetary Values of all goods manufactured and services rendered in a given period.  The below graphs pertaining to different countries will indicate how closely Real Estate Property prices are related to Per Capita GDP growth.

Source: Asia Green

The following interesting points emerge from the above graphs:

  1. Linear relationships or similar trends observed across countries.
  2. There exists a time lag (4-8 qtrs) for the Real Estate prices to adjust itself to the GDP.
  3. A disproportionate growth in Real Estate prices vis-à-vis GDP is not sustainable. For example, the US property prices increased nearly 2.50 times between 1998 to 2008 as against a modest 1.5 times Per Capita GDP growth during the same period.  This scenario also known as Real Estate Bubble, resulted in an unprecedented Real Estate crash between 2008-12 until the prices got realigned with GDP growth rate. 

Indian Scenario

India’s Real Estate Prices, like many other countries, has trended southward along with GDP over the last 5 years. However, the data is far more interesting than the rest.

Inferences

  1. Both GDP growth rates and Inflation-Adjusted Real Estate prices have fallen during the period between 2015-2020.
  2. Real Estate prices have fallen far more steeply than the GDP growth rate indicating 2 possible scenarios – 1. Other sectors of the Indian Economy have performed well and 2. Real Estate had challenges which were very specific to that sector like the prolonged impact of demonetization, RERA, etc.
  3. Any direct evidence cannot be substantiated to justify the sudden spike of 10% in the property prices during 2016-17. However, the below graph indicates that the Stamp duty collections in 2016-17 saw a sudden spike without a proportionate increase in Construction Sector Value addition.

Inference

The spike in Stamp duty collections can correlate to the Demonetization drive in Q3 of 2016 post which strict controls imposed on cash transactions. These restrictions have probably yielded a 10% increase in registration value of properties without a proportionate increase in the number of transactions. Though this is not substantiated.

We can reasonably establish that like any other country, the Indian Real Estate Price follows the GDP trend line although the magnitude varies significantly. 

Lockdown Impact on Indian GDP

Across 180+ countries, the Corona pandemic has blocked not just the human movement but has also disrupted the entire chain of Goods and Services.

A sector-wise analysis of Gross Value Addition (Supply Side) of 2018-19 will give a highly macro-level insight.

Source: National Statistics Office

  1. Our Economy has a mix of 16% Agriculture: 84% Non-Agri Value Addition.
  2. Industrial Contribution (29.6%) and Services Sectors (54.3%) constitute the other major sectors of our economy.
  3. Trade, Hotel, and Transport contribute a whopping 18% of our Economic activity.

Over the last few weeks of lockdown (approx 40 days ending Apr 30th), Indians are spending only on “Essentials” like Grains, Pulses, Vegetables and Fruits along with medicines most of which fall under the Agricultural Sector.  The remaining 84% of Indian Economy consisting of Non-Agri Sectors like Industries / Hotels / Finance / Real Estate / Services etc. are all in cessation.

I am applying the 2018-19 GDP figure of Rs. 190 Lakh Cr, the 40-day lockdown has disrupted the Economy to an extent ranging between Rs. 15 to Rs. 20 Lakh Crore.


This disruption could result in a short term contraction of about 12 % to 14 % on the GDP which can be reasonably correlated with the 14.5 % fall in Nifty between Mar 5th and Apr 10th, 2020.

However to understand the impact of Pandemics on the battered Indian Real Estate Sector, a peep into the previous pandemics like Spanish Flu (1918 -1920) and Asian Flu (1956-59). 

Impact of Spanish Flu & Asian Flu in American Real Estate Prices

America is probably one of the very few countries to have a structured Real Estate Price Index with 1890 as the base year.  The index, commonly known as S&P Case – Shiller Home Price Index has recorded the Median Real Estate Price movement year on year ever since its inception.

Given below is the graph depicting American Real Estate Price from 1890 till 2013.

Inferences

  1. Over the last 1 century, America has witnessed 2 Economic Booms, 2 Pandemics, 2 World Wars, 1 Industrial Revolution and 1 Real Estate Bubble 
  2. Real estate prices have significantly fallen under 4 scenarios viz 1. Industrial revolution resulting in mass unemployment 2. Spanish and Asian Flu 3. Cyclical fall after the economic boom and 4. Bubble burst.
  3. American Real Estate Prices remained at par with the 1890 base prices for nearly 60 years till 1947-48.
  4. Both WorldWar I and II have not impacted the Real Estate Prices significantly.  In Fact, the property prices recorded 40% growth during the WorldWar II.
  5. The Influenza / Pneumonia which spread immediately after WW I saw the property prices moving downwards.  The Spanish Flu Pandemic which existed between 1918- 1919 resulted in a further drop in real estate prices. 
  6. Between 1915 – 1921, the real estate prices fell by nearly 35% — however nearly 15% of losses were recovered in 3 – 4 years since.
  7. The Asian Flu Pandemic between 1956-59, saw real estate prices falling by 15% – 18% but the recovery, not as quick as Spanish Flu but stretched over 5-6 years.

Other Insights into Spanish and Asian Pandemics (extracted from several research papers online)

  1. As Spain was then one of the worst affected countries, the flu was named Spanish Flu.
  2. The American soldiers were affected in large numbers to pneumonia between 2015-17
  3. Influenza was categorised as Pandemic in 1918 when people in the range of 18-40 fell victims to the virus.
  4. Asian Flu, though initially started affecting the kids and mid-aged people, eventually saw older people aged more than 60 years becoming its biggest victims.
  5. Both these viruses have resurfaced after the initial round of attacks.
  6. The Economic revival was very swift.
  7. During the initial stages of Recovery, the Cost of Labor saw a steep increase as people’s movement was restricted to smaller localities owing to the fear of contraction of virus.
  8. Most laborers avoided Inter-State travel and localised jobs were preferred.
  9. Automation of processes helped speeding up the recovery process immediately after the Spanish Flu.

Probable Impact of Corona Virus on Indian Real Estate Prices

The previous pandemics have resulted in Real Estate Prices falling to the extent of 15% – 35%.  The Spanish Flu witnessed a very severe fall owing to 2 critical aspects 

  1. The longer duration of the pandemic  – almost 6 years incl 2 years of Pneumonia and
  2. The age group of the victims viz 18-40 years of age.  This age group represented the earning members of most of the families and hence the Income levels of Average American fell very sharply.  

However in Asian Flu, the duration was a much shorter duration of 2 years, and the age group of the victims were largely > 60. 

Though there exist very little numerical data points to conduct a detailed Statistical analysis, the present Corona Pandemic is quite similar to Asian Flu in terms of both the genome and the age of the victims.


With this understanding of the previous Pandemics coupled the fact that the Indian GDP has already got disrupted to the extent of 12% – 14%, the Indian Real Estate Prices, is likely to drop in the range of 14% to 18%. While this range applies to Indian Real Estate Index, the range will significantly vary between States and also cities/towns within a State depending on their own strengths and weaknesses.

However, the hypothesis that “Indian Real Estate Prices will fall more than 14 % to 18% owing to the prolonged weakness over the last 4 years” cannot be tested due to the non-availability of structured historical data.

Economic Recovery

The Spanish Flu witnessed a very sharp recovery as the country was already weak over the last 5 years while The Asian Flu witnessed a sluggish recovery which spread over 5-6 years.  

In my opinion, the recovery phase revolves around the following:

  1. Death Rates will have significantly relevant psychological impact on the recovery.  Lower the rates the recovery could be relatively faster than compared to higher mortality rates.
  2. Governmental policies around taxation and bailing out packages MSME / cottage Industries.
  3. NPA levels of Banks.  We lack the infrastructure to handle high levels of delinquencies (15% and above).
  4. Financial Institutions resuming Credit sanctioning.
  5. The principle of Social Distancing is now getting deeply embedded in the human system. It could potentially lead to a different style of working and working atmosphere.  From Offices to other public places need to realign the accommodate the “New Normal”.
  6. Time to alleviate the fear of open and free movement of people (both intra and inter-city or state).
  7. Adopt & Accept Technological Automation as the best alternative to high-cost labor.

Krish Sudhakar 

Valuation Research Foundation

Disclaimer:

Statements on this blog reflect the author’s personal opinion. They do not represent the views or policies of evalo or any other organisations with whom the author may be associated. The author has expressed his opinion emanating from his research on the subject topic. The author advices and suggests the readers conduct adequate study and convince themselves on any decisions or actions basis this blog. The author does not accept any liability or responsibility for the actions taken by the readers of this blog based on the information contained therein.

Set better Goals & Ease Decision Making with Appraisal Management Software

Business processes occur in the slightest degree organizational levels and infrequently are invisible to clients. However, they’re critically important for such stakeholders as employees and managers to boost overall performance.

In this article, we’re visiting to explain the importance of business processes and their benefits to businesses, especially in terms of deciding and goal setting.

What are the business processes?

A business process could be a big selection of structured, often connected tasks or activities performed by a gaggle of teams to accomplish a specific goal.

The goal is often pre-determined; for instance, a valuation business could aim to maximize quality valuation reports produced for his or her clients, improve employee productivity, arrest revenue leakage, improve their TAT, reduce cost, etc.

What is business process management(BPM)?

BPM is “the discipline of managing business processes to create an organizational workflow simpler, efficient, and more capable of adapting to changing business environment.” In other words, the most goal of BPM is to align business goals & processes and determine how the operations may be improved.

Also, another essential goal of BPM is to deliver value and quality for clients. In an increasingly competitive business environment, the overwhelming majority of valuation firms are adopting BPM to make sure the goals met.

How is Business Processes Impact deciding And Goal Setting?

Business processes are the core of a corporation, so their analysis can yield some useful data and data about improvement. For instance, by reviewing the steps involved during a business process, one can come up with questions that improve them.

Decision Making

Below, you’ll find simple steps during a business process. These are universal steps for all situations. They cause inquiries to improve deciding.

Step 1: Setting Better Goals

  1. What is the first goal of this business process? – the solution defines how this particular process helps the organization to attain a goal (cutting costs, improving TATs, reducing errors, etc.)
  2. Why was this process created? – answering this question helps to determine how this process can meet an organizational goal.
  3. How can one define whether the method is successful? – helps to determine and improve measuring and monitoring activities and goals.

Step 2: Creating Goal-Oriented Plans

  • What strategies are required to accomplish the goals? – helps to define a roadmap for the method of making an idea for achieving a particular organizational goal.

Step 3: Determining Actions

  • What are the tasks needed that cause to deliver the plan? – defines specific jobs for workers and teams of employees that require to finish.

Step 4: Getting the foremost Out Of Testing

  1. How can one run the business process on a tiny low scale and test its performance? – helps to define how to check a business process and identify gaps.
  2. How can adjustments be made? – helps to research options for improving the method.

Step 5: Communicating Results

  • How can performance results be communicated to stakeholders? – helps to boost knowledge of the implementation of the business process.

Step 6: Monitoring

  • How can one review the method and analyze its performance effectively and efficiently? – encourages us to seek out more ways to watch a business process’ execution.

Step 7: Replicate

  • How can a completed process be repeated and improved to provide better results? – If the method achieved the set goals, develop and replicate it.

Goal Setting

Business processes may be an essential source of knowledge for active goal setting. Goal setting is one among the areas of BPM requiring metrics against which to live performance. For instance, by reviewing and analyzing business processes, one can determine new goals to succeed.

Each business process can inform goal setting. for instance, use the following tips:

  1. Given that BPM provides means for tracking organizational resources, you’ll be able to use the information and data generated by the tracking to handle gaps and inefficiencies.
  2. BPM increases the accountability of every employee and manager in a corporation. Set the goal to boost accountability gradually, thus minimizing the chance of losses thanks to human error.
  3. BPM can improve and increase productivity if the management sets appropriate goals. Using the data provided by the analysis of business processes within a corporation, one can determine how productivity may be enhanced and set a reasonable goal.
  4. The data provided by the BPM system can even help to line a goal regarding compliance with regulations and rules. For instance, one can set a goal to stay track of obligations and duties and improve compliance after analysis of business processes.

Why Use A BPM Software Now?

The Retail Valuation Business has become intensely competitive, so organizations must find ways to face out fast. A technique is to reap the advantages delivered by effective BPM. By actively monitoring business processes and activities, management can gain an insight into inefficiencies and gaps within a business, eliminate them, and align business processes and goals.

Run A Wiser And More Efficient Business

Use Retail Appraisal Business Management software to ask better questions and set better goals for your business.



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



Ultimate Tool to Organize your Retail Valuation Business (Productivity, Efficiency & Revenue) Management

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: 

  1. When the leader is not around, the team’s productivity reduces significantly / people are not able to make simple decisions. 
  2. Activities don’t have execution standards, compromising the quality of valuation reports. 
  3. Each employee has his own way of controlling their work. 
  4. People don’t always know what to do in each step of the valuation process. 
  5. TATs are not respected. 
  6. It’s hard to keep track of what’s late or what are the process bottlenecks.
  7.  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. 
  8. Lack of information control results in obsolete, duplicate, hard to find and unreliable information.
  9. Scattered unstructured data doesn’t derive any meaningful insight for the opinion.
  10. 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



Retail Appraisal Software: Am I Compliant (Data Security & Privacy)

While we all agree businesses need to Monitor and Control – Process Quality, Productivity, and Performance by embracing technology, but we are wary of Data Security, Privacy, and Compliances offered by technology partners. It’s more relevant in case of a Valuation Firm empanelled with an institution to comply with their nondisclosure agreement

Organizations are rapidly considering cloud-based tools for their business processes, from Business Management to Client & Customer Relationship Management to Resources Management (Productivity, Training, etc.) to Invoicing. 

Software as a service (SaaS) model enables technology providers to offer affordable solutions to businesses which in the past only large companies could afford. While there are advantages, end users are unclear about their data security. 

Here are some of the tips for keeping your data secured while using cloud-based applications. 

  1. Choose your SaaS Technology provider carefully:
    In particular, the platform should provide password-protection, and user controls that limit access to sensitive data, and data encryption. Check with the vendor how the data is stored and how the backup and recovery process works.
  2.  Create an access rights policy 
    A policy to define: how employees can access the software, what are their rights, can they access their application from any mobile device and who can download data. 
  3.  Create Backup 
    Ensure the tool allows necessary access to create a backup of your data either into cloud platforms like google drive or one drive and or in a local system
  4. Insist on Stronger Passwords 
     Insist users to create strong passwords when they create their accounts. The tool should enable them to reset their passwords once in a month or 45 days. 

As the SaaS industry is maturing, a focus on security and privacy will only become more important. Every day new technologies are evolving and providers are adopting them in their environment to offer world-class services to their customers. 

Evalo Offers Customers to Comply with their NDAs

Evalo, Retail Valuation Process Management Software, offers on the Hybrid SaaS model that enables its customers to still enjoy the benefits of always being connected on the cloud from wherever they are and yet have their data stored in their servers. Users have the option of subscribing to their servers from Amazon Web Services, Google Cloud Platform, etc.



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.

The platform already provides tools to derive meaningful operational intelligence to aid your business decision-making process. It has dedicated resources, which is currently committed to come up with tools to help the property valuation fraternity extract data from their historical reports to aid them in making their informed opinion with Valuation Comparables and stay relevant & competitive in the future.

By – Team Evalo