Society management

Evolution of Company Management Applications in India-San Banerjee

Over a decade ago, the management of society was a micro matter of ghettos or chawls, as the well-being of the community as a whole was not discovered until now. In these “medieval” times, the inhabitants and the management bodies managed their mutual affairs on the “traditional paper module”, ranging from services, security, accounting to simple daily communication.

Cut to the modern image – large gated communities with tall buildings of 100 to 5,000 units rolled among bustling Indian subways, the lifestyle became epicurean, RWAs vouched for automated one-click transactions, and Finally, applications for the exploitation of technology have taken control of several housing companies, due to the pandemic, slaughtering touchpoints like never before.

The part and parcel of the surge in corporate management services is indebted to the rudimentary mission of a holistic 360 ° life experience upon which modern societies are built. More so, when the pandemic is at a distance, a home interaction beyond security barriers has undergone a radical change, giving way to technological platforms to operate essential community life services, all monitored and without contact. More than 40,000 apartments and real estate complexes have subscribed to company management applications during the last quarter. But why ? To answer this, let’s choose a practical scenario –

Sam lives in a 500 unit company and is also a member of MC. He supervises the various facilities such as clubs, shops, gymnasiums, gardens, parking lots, etc. Apart from that, he faces several challenges like collecting money, mapping security, managing visitors and vehicles, resource resources or even bulk bookkeeping. Sam’s manual manipulation becomes a burden on the community. But then it switches to a company management application that automates action on all these manual tasks with just one click under a single integrated database, without compromising data security and privacy. The stage is set !

Business Management Apps in India – The New Normal

Modern societies have distinctly categorized services for residents and RWAs and redefined the way we view residential necessities and facilities. The majority of the company’s management applications and services are patented to ensure smooth efficiency by maximizing capital and minimizing workload. Whether it is community fund accounting, maintenance collection, invoice generation, technical support, door security management, Indian actors like ADDA and others have taken ahead and revamped pandemic features to help residents cope with crisis, contamination and shutdown even in the post-pandemic world.

Several contemporaries of application technology have taken the path of deceptive evolution and the results are alarming. Resident spam, forced marketing, app popups – all for nothing. The reason why company management apps could eventually rule the ‘new normal’ is why consumers solve the smallest and oldest accounting or security stumbling blocks in a way. much more profitable and user-friendly.

It has proven itself how effective management of society leads to happy communities, this is not where it ends. While digital security and community awareness programs are driving business, what sets a residential app apart, it is its core characteristics that reinforce a seamless community experience.

Smart accounting
The common stereotype of corporate accounting management is that it is transparent when done manually. However, with the uplift of units and acres, corporations have innate financial matrices for maintenance, invoicing, auditing, income and expense tracking, accounting, and more. that these applications can automate and guarantee integrated solutions without numerical error. A tested ERP accounting module can also help CMs with proper asset management with timely resource cost analysis and payment records under a database in a much shorter time and budget.

Transparent communication
It’s a timeless but proven cliché that humans are social animals. But when deprived of a strong communication system, the maintenance of mutual awareness between residents and RWAs can fade over time due to WhatsApp groups and “mute” announcement boards. The intelligent company management applications devote a DIY-oriented platform for internal communication through. resident groups, surveys, classifieds, MC discussion forums, announcements. media sharing, VoIP conversations, real-time activity logging, emergency sharing, etc. The result is synonymous with limiting spam. easy verification of members, community self-sufficiency, all the more so in these times of social distancing when each resident is symptomatic of saving information.

Foolproof security
Security fallout leading to data breaches or common vulnerability are the main issues for any community. Only CCTV cameras are backdated. Today, the software solutions provided by these applications integrate hardware / human security roles. A guard officer loses track to follow the entry / exit of visitors, vendors and vehicles. However, as technology has taken advantage of security automation, viz. IoT devices, Geo-fencing, QR code based patrolling and personnel management, home cloud vigilance, in-app panic alert, and more, these apps now directly provide end-to-end user solutions. This robust security system allows residents to pre-approve guests and deny entry with one click, taking center stage during the pandemic.

Visitor management technology
A community is a reservoir of visitors, staff, suppliers, unwanted deliveries and entries, etc. Therefore, these applications help residents to grant / deny / pre-approve this list of entries, and even save this data in real time via. MIS reports, providing information on the results of past visits to future issues. The technology taking advantage of the visitor modules also links the access control system to the parking space or to the unit, which limits intrusions and even enforces activities with QR / OTP codes. Features like “Leave at Gate” or “Shop at Home” are also a boon during pandemic skepticism.

Is Evolution still loading?
A new survey finds that around 15% of Indian housing companies use a community management app. As cities get smarter, five years from now the company’s app subscriptions will increase dramatically due to the paramount business opportunity in the future of the residential company industry. The way forward is expansion to bi-level cities and beyond the subcontinent to alleviate older community issues and user base pessimism with a highly refined USP roster of technological products, even in a post-pandemic worldview.

Warning: The opinions expressed in the above article are those of the authors and do not necessarily represent or reflect the opinions of this publisher. Unless otherwise indicated, the author is writing in his personal capacity. They are not intended and should not be taken as representing any official ideas, attitudes or policies of any agency or institution.