Working from home as a response to COVID-19
Sympl.deals and the impact of working remotely in the real estate sector
The global outbreak of Covid-19 has forced many institutions to face the consequences of not having a remote working plan in place, hence having to improvise their strategy. We’ve seen universities like MIT or Harvard suspend their in-person classes and events, large companies like EY improvising remote working training and even entire countries like China, Italy or Iran closing their borders. Everybody is asking whether it makes any sense to subscribe to this global-spread paranoia and take refuge when the real question to be asked should be why did it take so long for universities, companies, and countries to realize that, in a fully interconnected world, this kind of “Black Swan” could happen. Having remote working strategies in place is something strictly necessary for the world we live in.
With regards to Covid-19 and the current situation, Black Swans have won the game (again), and the primary victim is the global economy.
Working from home was, for many decades, first seen as impossible and later as an excuse to work unsupervised. This reality has changed today. Despite the established belief, many studies have shown that working remotely can boost productivity and increase retention rates for employees.
In a sector like real estate where almost everything is done manually and through in-person meetings, it looks like something as working remotely is not considered an option. This lack of preparation for the upcoming can lead to a much more significant negative impact than other sectors affected by the same actual circumstances. In a world where work and progress can be tracked digitally, meetings should be a thing of the past.
With most of the processes executed manually and in need of direct supervision, it’s hard to imagine real estate companies implementing remote working strategies on the go. This is why part of the digitalization and next steps of the real estate market relies on steering away from physical presence in the office and moving to a more interconnected world, where information can be exchanged faster and without significant friction.
Based on this reality and in line with the Arextech vision, we created Sympl.deals, the first software in the market that allows you to work on any transaction from beginning to end, without location, deal or time restrictions.
There are three main factors that must be considered to ensure a successful remote working methodology, here’s how Sympl.deals addresses them:
- Intuitive document management: Do you need clients to sign NDAs, LOIs or other time-sensitive documents? Forget about sending a physical copy, using digital signature provider or other similar options. Digitally managing and signing legal documents should be as easy and safe as doing it in person and with Sympl.deals, this is already a reality.
- Direct meaningful interactions with internal and external collaborators: deal with your own team is great, but what happens when there are external parties involved? Brokers have to connect with clients, investors, law firms and other necessary parties; developers interact with architects, material providers, end even more stakeholders. Working on Sympl.deals will remove any organizational friction and allow you to coordinate seamlessly with anyone you work with.
- Clear workflow methodology, process, and structure: This is usually underrated but it’s also where most companies fail. The processes in place, don’t react well to changes and improvisations that become necessary when things change. Robust deal-flow systems can help provide clarity, mitigate operational risk and remove duplicities as well as other expensive inefficiencies.
Taking a look at the current situation, flexible structures, constant innovation, and the ability to adapt to rapid changes in the global economic environment will grant companies, big and small, an unfair advantage. Success of any kind can be described as when preparation meets opportunity. Sympl.deals will help you be prepared for any opportunity you can source, whether you are working in person, or remotely.
Excited to know more?
Contact us at info@sympl.deals or visit www.sympl.deals and see for yourself.
Life is short, don’t waste time on manual processes.
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