Prop Tech & Security
the end-user in focus during product development – risk management software becomes intuitive. It will help you do what you need to at the exact right time you need to do it. To varying degrees, risk management software that is available to property professionals can now help immeasurably. Here are just a few examples of how: • Instant access to crucial health and safety and compliance data and reports in the cloud, viewed anywhere at any time on smartphones, tablets, laptops, or desktops. • Scheduling/diarising – and receiving reminders for – all risk assessments, compliance visits, and statutory checks. • Clear actions in one place with customisable status updates.Ability to delegate responsibilities to others (for example an assistant or on-site staff). • Capability to assign users restricted access (for example to one property, or a single portfolio). • Reporting tools to monitor just how compliant your portfolio is, and share that data with clients as part of agreed SLAs and KPIs. • Record accidents and near misses immediately and have a central online location for all information about the incident. It is important to bear in mind is that change does not happen overnight. Digital and technology transformation is a long-term commitment no matter what industry you are in. It is about investing in you as a property professional and staying competitive as a business. The alternative to not investing in new technology risks giving your competitors the upper hand, which will help them win market shares. Or maybe worse… What comes next? Over two decades in business, we at Tetra Consulting have been through a great deal of change, none more so than the current PropTech revolution. We have seen how FinTech has fundamentally changed the financial service market, and our industry is now experiencing similar rapid change. We believe the next phase in property risk management is a wider adoption of app- enabled management-on-the-go tools, along with increasing integration of data between systems.
Why invest in property risk management software? If health and safety
W orking conventionally, you could do nothing but health and safety work when it comes to the properties you manage and still not feel on top of things. Sound familiar? With health and safety and compliance being essential for both individual success and company growth, most, if not all, of our clients across different sectors are constantly looking for more efficient ways to deal with their everyday property management obligations. For many, new smart technology solutions are the answer; yet according to KPMG’s PropTech Survey, 56% of property professionals rate their business “5 or below out of 10 in terms of digital and technological innovation maturity”. Needless to say, our industry still has a long way to go.
and compliance work is slowing you down, you need to look at a solution, argues Peter Moore
Investing in risk management software
When we talk to property managers across the country, one of their main concerns, or sometimes even objections when being introduced to new software, is. “It is too time-consuming!” It is seen as additional work rather than promoting efficiency. However, when done correctly – with
Peter Moore is chairman and founder of Tetra Consulting
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