How Task Management Can Improve Your Cash Flow (and more!)

There's an oft-repeated phrase heard around the RE Technology offices: "Plan your work and work your plan." It's something our CEO, Victor Lund, says when he's trying to motivate our team to tackle a mountain of work. He's right (as usual)--approaching a to-do list with a plan of attack makes it a) less intimidating, and b) quicker and easier to execute.

When Victor trotted out his favorite adage again recently, it reminded me of a feature we've seen across an increasing number of technology solutions--task management. It's a natural fit for transaction management platforms, but we've seen it in CRMs, too, under names like "Activity Plans," "Tasklists," "Checklists," and more.

It's a feature that enables agents to manage their processes and keep their workflow under control. For example, let's say an agent acquires a new listing. This event would trigger a to-do list that the agent can follow through the entire life of the transaction, effectively preventing important details from slipping through the cracks.

When implemented at the brokerage level, task management features serve a similar purpose. Brokers can use them to keep track of all their agents, monitor cash flow and, above all, maintain consistencies and efficiencies throughout the entire office.

Today, we're going to take a closer look at how brokers can leverage task management to improve how transactions are handled and bolster their bottom line.