Industries everywhere are looking for more sustainable ways to operate to reduce their carbon emissions and reduce costs. This includes property experts who have either created technology or utilised it in order to better their business processes while also taking a greener approach by going paperless. The number of property companies that are employing Proptech has increased massively, and if you’re not using this technology, then you should definitely consider it.
Take a look at these top 3 PropTech startups which have taken the real estate sector by storm.
One of the most beneficial innovations is in the form of Docusign, which started up in 2003, offering services to everyone from individuals to enterprises. DocuSign aims to altogether remove the need for paper contracts by introducing the revolutionary concept of the e-signature. The majority of property companies utilise this technology to streamline buying processes; for example, RW Invest, a reputable property investment company uses DocuSign technology to enable investors to purchase properties quickly and securely. DocuSign has grown massively in the past few years, and they now have over 400,000 customers across various industries who have now gone entirely paperless. This has enabled them to become more sustainable while also increasing profits and growth due to the streamlined process that comes with incorporate DocuSign technology on company websites, apps and more.
One of the most energy-efficient forms of PropTech is blockchain, which works to collect data through a cryptographic process that collates timestamps and transaction data. R3 is an innovative blockchain platform that provides a wide range of businesses with streamlined data collection services without the need for physical paperwork. Most recently, the HM Land Registry has completed a trial with R3, Corda and Methods software company to determine how blockchain can be used to speed up the process of buying and selling a home. This initiative was put in place to combat old fashioned and slow methods that real estate experts and customers experience. The trial involved the selling of a home in Kent which showcases how quick digital ownership can be achieved. The chief strategy officer at top law firm Mishcon de Reya discussed how the real-world application of Blockchain software like R3 could completely transform the property sector for everyone including estate agents, developers, investors, homeowners, first-time buyers, and more.
If you’ve ever managed a property, you will understand the amount of paperwork that is involved, resulting in a massive amount of paper waste. Recently, there has been a significant change to the inundation of paperwork, as Proptech firms like Buildium have created digital platforms that are revolutionising property management. Buildium offers property experts everything from digitised accounting, advertising, and communication tools which are ideal for keeping track of property outgoings and creating a better relationship with tenants. They also offer educational tools which are suitable for first-time investors who are looking to make the most of their real estate investment. This software is paving the way for high-quality processes which are beneficial to everyone involved in the property sector.