Six signs that you need a Business Intelligence tool

Do you recognize yourself in one or more of these problems? Then a Business Intelligence tool might be what you need! BI tools help turn data into insights, which in turn lead to improved operations and more data-driven decisions. Here are six signs that you need a BI tool:

1. You have tons of information that is not being used

Having data is one thing, but actually using it is quite another. You are sitting on large amounts of information that is never analyzed or processed. Whether it's case management data, property data or tenant trends, it can all be used to improve your finances, make your staff's jobs easier and contribute to a better environment for tenants. You know there's data you could dive into to find added value - but the time just isn't there.

2. It's hard to get information in a clear way

You're sitting in front of a wall of numbers that require the utmost concentration to even begin to make sense of. This not only makes it unnecessarily difficult for you, it also makes it almost impossible for colleagues who are not as familiar with the subject to get an overview.

3. It is difficult to compile information from different sources

Your data is scattered across multiple systems, such as Excel files, real estate systems, and other business systems, and you struggle to get a coherent overview. You feel like key insights are being lost and too much time is spent manually combining and harmonizing data. You've become an Excel expert at manually compiling data from different systems. It works, but it takes a long time.

4. You spend a lot of time getting your bearings

Speaking of the previous point - you're on top of your properties! You know what's going on, what the trends are and what needs to be done next - it just takes a lot of time and energy to get that overview. There's a lot you'd like to do, but there's just not enough time.

5. Making timely decisions is a challenge

You always feel like you have too little time. Making informed business decisions isn't just about having the right information - it's also about having it at the right time. When data is scattered and disorganized, it can be difficult to make quick and accurate decisions, which in turn can negatively impact your business.

6. There is a high level of interdependence in the organization.

Operations come to a standstill if the person who produces the data and reports is absent - whether it's you or a controller. There is an established way of making the reports and there are only one or a few people who can handle the reports. In the event of illness, vacation or other absences, major problems quickly arise. No one else can take over the baton.

Do you recognize yourself in any of this?

The solution is Business Intelligence

If you recognize these six signs, it is clear that you and your company would benefit greatly from a Business Intelligence tool. Homepal is a BI tool specially designed for real estate companies and the unique needs of the real estate industry.

We automate your monitoring and reporting by collecting and visualizing data from all your business systems in neat, simple dashboards. This way, you can skip the manual work and instead get directly to insights you can act on.

Our ready-made dashboards are built for all the monitoring and reporting needs of real estate companies - and they're ready to be activated with a click. You don't need to build anything yourself, we've already done that. From there, you can change and customize as you wish.

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