Paperwork is the bane of existence for any lettings agent, and their firm. Between preparing each agreement and printing and posting it to chasing down multiple signatures and storing files, paper-based agreements take weeks to process and ongoing costs to process.
Leading letting firms like KFH and Savills know exactly how much each step of an agreement can add up and are automating their agreements to speed completion times to days or even hours, all whilst tracking the contracts in real time.
There are four steps to every paper contract; which one gives you the most headaches and costs the most in time, money and customer experience?
- Contract Preparation Costs
- Shipping Costs
- Error-Checking and Correcting (“NIGO”) Costs
- Data Keying or Scanning into System of Record
Agreement Express software by Recombo allows letting firms to go mobile by automating the entire tenancy agreement process
“The signing process is the keystone of the execution of a legally or administratively binding agreement. However, as central as it is, the signature itself is only one part of the overall document or business process life cycle; the true value to an organization lies in replacing all paper-based processes with electronic ones and securely automating as many previously manual steps and procedures as possible.”
Forrester Research, Inc.
January, 2010
Market Overview: E-Signatures in 2010
To learn how much the average agreement costs at each of the four steps of the process, go to Recombo and click on
%20(002).png)
.png)
Comments