10 Best Property Management Software – Software Advice
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By: Barkha Bali on September 1, 2022
Property managers or real estate owners often find themselves juggling multiple tasks, including property advertising, rent and vacancy tracking, lease management, capturing and maintaining tenant records, insurance management, and staying compliant with national, state, and local laws. Nevertheless, investing in the right technology can change the game for property managers. Enter property management software.
A property management solution helps landlords and real estate professionals streamline their rental operations, from listing their property on industry-leading websites, capturing potential leads, conducting tenant screenings and inspections to rent collection. This software also assists in inviting applications, managing renters, responding to maintenance requests, and accounting for all associated costs and revenue.
In this article, we’ve discussed the 10 best property management software tools featured on Software Advice, listed alphabetically, to identify the best solution for you. (Refer to the methodology section for more details.)
AppFolio Property Manager helps landlords with large rental portfolios control, market, automate, and manage tasks related to their units. The tool supports vacancy and rent tracking, tenant screening, property listings management, cash flow management, landlord insurance tracking, website building, a rent comparison tool, automatic bill posting, paperless work order generation, and report customization.
Tenants can use the online portal to pay rent securely via an online payment gateway, communicate with the property owner, submit a maintenance request, schedule a property inspection, and sign up for renters insurance.
The tool uses AI to read PDF invoices from vendors, identifies key details, and assists with payment processing. Its automated accounts payable feature replaces error-prone manual record-keeping. AppFolio offers detailed descriptions of maintenance requests, along with a real-time view of the status—helping resolve issues faster and improve tenant communication.
AppFolio also includes some advanced features such as a leasing assistant powered by artificial intelligence, professional websites for your properties, premium leads, proof of insurance tracking, maintenance contact center, automated accounts payable, and tenant debt collections.
AppFolio offers customer support via email and call. This web-based tool has a mobile-app for both Android and iOS devices.
4.6/5 (Read user reviews)
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Online tenant portal in AppFolio Property Manager (Source)
Avail lets independent landlords find, screen, and maintain tenants. The tool publishes your properties on popular rental websites such as Zillow, Trulia, Walkscore, and Apartments.com. It helps you manage leads from these rental listings by responding to potential clients, in-person coordination, and virtual meetings. You can also share your property listing on social media platforms such as Facebook to increase your reach.
With its customizable online rental applications, receive detailed information on potential tenants and make the right choice. The tool uses TransUnion to conduct tenant screening and generate credit, criminal background, and eviction reports.
You can also create rental lease agreements using Avail’s state-specific and lawyer-reviewed templates—including all the necessary disclosures and attachments. Customization, such as adding custom clauses, can be done online to prepare the final agreement. It also has an option to get digital signatures from the tenants.
Avail lets tenants register maintenance requests by uploading photos of the issue and receive real-time updates on the progress. Its online rent collection function allows landlords to collect rent payments online via direct deposits. They may also track and report payments and send automated payment reminder emails and receipts.
Avail is a web-based tool that offers phone, live chat, and email support.
4.6/5 (Read user reviews)
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Tenant status in Avail (Source)
The property management software solution, Buildium, helps residential and association property managers administer rental leasing, rental applications, tenant screening, online rent payments, vacancy management, and maintenance cycles and accounting.
Buildium lets you use a pre-built template, personalize it to suit your branding, and create a professional property management website to increase online visibility and attract renters, as well as owners. You can publish documents (such as handbooks and sales sheets) on the website, list your properties, accept rental applications, and communicate with residents, owners, vendors, and employees.
The tool integrates with popular websites, such as Zillow, Craigslist, Facebook, and Zumper to publish your property listings and invite applications. You can customize your property listings and include their unit data, property-specific information, and amenity qualities.
You can also create rental applications with custom fields that fit your requirements. The software dashboard displays the application status and allows you to add or update it manually. Buildium’s tenant screening process is powered by TransUnion. You can request a tenant background check to access full credit, criminal, and eviction history. Once you accept or reject an applicant, an automatic notification is sent to them with further instructions.
Buildium offers customer support via phone and live chat. This web-based tool has a mobile app for both Android and iOS devices.
4.5/5 (Read user reviews)
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Rental application in Buildium (Source)
DoorLoop offers a unified portal for all property management services, including tenant screening, accounting, maintenance management, and property marketing. The tool automates your payment process—from sending automatic rent invoices and late fee notices to maintaining records of payment receipts—thereby eliminating manual calculation of rent payments and late fees.
With a built-in CRM and tenant portal, DoorLoop simplifies the tracking of prospective tenants, lease renewals, rent payment collection, digital lease signing, and tenant screening. It lists your properties on Zillow, Trulia, HotPads, and other property listing websites to get more leads and applications. DoorLoop marketing suite also processes tenant applications, runs background and criminal checks, manages leases, and improves communication with tenants.
Additionally, DoorLoop transforms formerly manual operations, such as bookkeeping and submitting repair requests into digital processes, automating the rental property management process and reducing the workload for managers and owners.
DoorLoop offers customer support via call, live chat, query ticket, and a help center. It is a web-based tool and also has a mobile application for both Android and iOS users.
4.9/5 (Read user reviews)
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Dashboard in DoorLoop (Source)
Hemlane is a property management solution that covers rental advertising, applicant tracking, tenant screening, lease management, online rent and financial reports, and maintenance. You can promote your rental property on the top 30 rental listing websites (such as Zillow, Padmapper, Realtor.com, and Trulia), which directs prospective renters to your website, and provides an online rental application with a thorough credit and background check.
Hemlane tracks and responds to potential tenant leads after pre-screening to help you make an informed decision. It sends personalized emails and detailed property descriptions to leads and applicants—helping you keep your property at the forefront.
This property management tool has a team of professionals that records repair and maintenance requests while offering immediate assistance. Hemlane sends alerts and notifies users about their lease renewal dates. The tool facilitates rent collection and financial tracking with instant bank verification and automated late fees. You can also enable recurring rent requests and payment reminders.
Hemlane is a web-based tool, optimized for use in mobile web browsers as well. You can connect with specialists via live chat, call, or email.
4.8/5 (Read user reviews)
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Property listing in Hemlane (Source)
Innago automates online rent payments, online lease signing, maintenance requests management, expense reporting, and tenant screening. The tool manages commercial, residential, and student housing properties for landlords, real estate owners, and property managers.
Using Innago’s lease templates, you can create custom lease agreements as per your requirements. You can also create and upload application forms on your website or social media platforms to invite tenant applications.
Innago automates rent payment, collection, and late fee enforcement with custom settings. It also creates collection reports with robust filters and quick presets to help you gain actionable insights. The tool also sends automatic reminders and notifications for upcoming or due rent payments.
Innago accepts maintenance requests from tenants, including category, detailed description, images, and videos; and shares it with the maintenance team for quick remediation. It sends instant alerts/notifications about the status of maintenance requests. Team members can respond to tenant requests from the Innago app, track updates, and inform them of any timeline changes.
It allows you to manage tenant applications and extensive screening reports, including payment, credit, criminal, and eviction history. Based on these reports, you can analyze and finalize whether or not your prospective tenant is the right fit.
Innago offers call, chat, and email support. The tool is web-based and is also available as a mobile app for both iOS and Android devices.
4.9/5 (Read user reviews)
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Tenant dashboard in Innago (Source)
PropertyMe automates tenant communications, inspections, bills management, maintenance requests, accounting, and arrears management. The tool streamlines tennant communication with a suite of pre-installed templates for personalized emails, letters, and SMS. It also furnishes internal collaboration with @mentions, sms, and inbound sms.
With integrated geodata, PropertyMe develops a customized inspection itinerary, along with distance and drive time details. You can schedule inspections via map view, use drag and drop to reorder itinerary, and send automated inspection notices to tenants. PropertyMe creates extensive inspection reports, including images and comments.
Using PropertyMe workflow maintenance, you can add and edit tasks, drag and drop documents or images, track the status of each task, and send updates to your tenants. The tool also includes a bills management feature that streamlines recurring payments, bill approvals, and bill scanning.
The tool offers an owner portal that lets clients view property information including historical statements, previous bills, tenancy, images and current financial status of properties on a unified platform. It also has a document management module that enables property management firms to store important documents such as contracts, leases, and purchase agreements against corresponding properties or tenant profiles using drag and drop functionality.
PropertyMe offers customer support via call, email, and query ticket. This tool has a mobile app for both Android and iOS devices.
4.6/5 (Read user reviews)
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Inspections in PropertyMe (Source)
ResMan is a property management software with accounting, budgeting, marketing, reporting, tenant screening, and maintenance tools. The tool has a marketing suite that helps you reach, engage, and convert prospects into renters. Its customer relationship management (CRM) module helps advertise your properties and retain loyal clients for the foreseeable future.
ResMan assists businesses to manage lead funnel interactions with prospects and applicants by centrally storing all contact details and past conversations. It also boosts residents’ credit scores by notifying various credit bureaus about on-time rental payments.
The tool provides online leasing to your residents, along with automated screening and payments, and integrated application forms. Its budgeting feature gives access to customizable budgeting templates, allowing you to generate historical data directly from the general ledger.
This property management software has a mobile-based maintenance feature that allows property maintenance managers to access, amend, assign, and complete work orders from any location and respond to urgent maintenance requests. Other features such as expense tracking and inventory management are available for all properties.
ResMan is a web-based tool that offers customer support via call, live chat, and email.
4.5/5 (Read user reviews)
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Analytics dashboard in ResMan (Source)
Tellus rental property management furnishes a rental toolkit to manage listings, tenant screening, online rent collection, and landlord-tenant communications. The tool lists your units on top rental websites, including Zillow, Zumper, and Trulia to improve visibility, drive more applications, and increase leads.
Tellus’s tenant screening reports include rental and eviction history, credit reports, employment history, and ID verification to help you make informed decisions about your rental properties. The tool gives tenants easy online payment options, including autopay, one-tap payments, and rent splitting options. It lets landlords restrict partial payments and allocate a bank account to each property.
This solution includes a chat feature for tenants, property managers, co-owners, and handymen, to streamline communication. All communication is stored in the cloud for easy access and future recordkeeping.
Tellus offers customer support via query ticket and a knowledge base. This tool has a mobile application for both Android and iOS devices.
4.2/5 (Read user reviews)
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Rental records in Tellus (Source)
As a property management solution, Zillow Rental Manager helps real estate owners and landlords screen tenants and collect rent payments on a unified platform. It allows landlords to create rental listings by adding property descriptions, images, and videos; and post them across multiple sites, including Trulia and HotPads—improving interaction with prospective tenants and increasing rental visibility.
Zillow collaborates with local law firms to create custom lease agreements that comply with laws and ordinances. The tool also facilitates online rent collection via electronic means, including ACH (automated clearing house), debit and credit cards. Tenants can also set automated payments that allow automatic withdrawals of rent amount from their account.
The Rent Zestimate feature helps assess rental comparables (other properties having similar characteristics such as size, no. of bedrooms, condition, and amenities) in your designated area to design an accurate rental pricing strategy. It conducts rental market analysis to understand potential return on investment.
Zillow Rental Manager offers customer support via help center and a knowledge base. This web-based tool has a mobile app for both Android and iOS devices.
4.3/5 (Read user reviews)
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Virtual tour with an agent in Zillow Rental Manager (Source)
The tools mentioned above can get you started on your software search, but to find the best property management software that fits your requirements, we recommend considering the following steps.
Here are some questions to ask property management software providers before making a final purchase:
At Software Advice, we consider and verify all our user reviews to recommend the most efficient tools for your business.
Our software recommendations reflect the views and experiences given by your peers. These recommendations are never bought or sold, nor based on the opinion of a single individual.
To be included in this list, products must:
The 10 products with the highest customer satisfaction and usability scores are featured in this article from the Frontrunners report for Top Property Management Software.
Disclaimer: We conducted this analysis based on reviews and ratings data as of August 8, 2022. In order to present the most up-to-date information, the product cards show real-time ratings. Please note that this means the ratings value in the product card may not reflect the ratings value at the time of analysis.
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Social annotation technology helps students read together – Inside Higher Ed
Students who use collaborative annotation tools learn and build community, according to a new study. Many faculty members are enthusiastic proponents of the tools, even while acknowledging their limitations.
Matthew Luskey, assistant director of the University of Minnesota’s writing across the curriculum program, wants undergraduates in his classes to talk with each other when they first encounter an essay such as Vershawn Ashanti Young’s “Should Writers Use Their Own English?” But several of his classes are blended, which means that some of the “talking” needs to happen online.
Luskey could direct students to a discussion board in the learning management system, but “talking” there tends to be linear; one student may comment, followed by one or two replies, followed by another student comment and so on. Also, when a student wants to refer to a section of the text on a discussion board, they must import the quote, where it sits apart from the rest of the essay, cutting short conversations that might have naturally emerged from the context.
For these reasons, Luskey is a proponent of online tools that facilitate social annotation—collaborative reading, thinking and marking up of an article, webpage, podcast, collection of images or video. Now, a new study offers evidence supporting what Luskey has long observed: online social annotation helps students understand and construct knowledge around scholarly content, while at the same time building community.
Social annotation tools may be the natural evolution of collaborative learning and reading in online spaces. Instead of students engaging in discussions about a text in a corner of a learning management platform, they congregate over the source itself. Many faculty members are enthusiastic proponents of social annotation tools, even while acknowledging their limitations.
“It’s bringing that collaborative energy right to the thing, with zero distance between it and our peers,” said Dan Whaley, CEO and founder of Hypothesis, a company that creates open-source software and pushes for standards in online social annotation.
Students have long marked up texts to make sense of reading. When they collaborate online, they not only have access to a wider range of annotation tools for text but also may annotate a wider range of content, including audio and visual sources.
To start, students go online and open an article, book, graph, photo, webpage or other object of study. Then, working asynchronously, they highlight passages and add digital comments, questions, links, images or audio or video clips. When the object of study is an audio file or video, the annotations are anchored with a time stamp. Students can also tag and aggregate notes with hashtags. The social part happens when they read and respond to each other’s annotations.
No fancy tools are needed. Students may, for example, work together on a shared Google document. But for PDFs, webpages or other artifacts, they may need a tool such as Hypothesis, a free browser extension that allows users to make private, semiprivate or public annotations. (Update: The browser extension is free for users on the web; schools that integrate the service into their learning management systems pay a fee.)
“Social annotation became hot in the pandemic,” Luskey said. “People were looking—sometimes desperately—for ways to maintain community in online spaces that weren’t initially designed to be an online space.”
When students use social annotation tools to study a shared piece of writing or other object, their peer-to-peer interaction makes their thinking visible and invites discussion.
“The text shapes the form of the conversation that is happening,” said Esteban Morales, a doctoral student in the University of British Columbia language and literacy education program. The marked-up version that results serves as a “heat map” for the interaction.
When social annotation happens online, students construct knowledge by way of elaborating, clarifying and asking questions, according to a study Morales and his team published this year based on 2,121 annotations written by 59 students in three undergraduate courses at a Canadian university. Students might, for example, list assumptions in a reading, connect ideas with examples or ask questions that prompt further discussion.
At the same time, students who engage in online social annotation also build consensus, support each other and debate—though to a lesser degree than they elaborate or clarify, and ask questions—according to the study. For example, they might negotiate a definition or interpretation, empathize with each other, or offer a different point of view in a direct reply.
Social annotation activities may also redress instances of inequity. Unlike in-person class discussions, students who prefer to reflect before responding have equal opportunity (within the bounds of the assignment deadline) as those who are quick to reply. Likewise, marginalized students who may be less inclined to speak in class may be more at ease adding their voices to the digital notes.
Despite the benefits of social annotation, instructors interested in incorporating the practice into their teaching can get started in less-than-perfect ways, according to proponents.
As with other technology, instructors should first ensure that they know how to use the tool. Then they should allocate class time to instruct students on its use. Even when all are versed in the mechanics, students may need guidance on how to engage.
“Something similar happens with peer response, right?” Luskey said. “The research shows it’s a good practice, but we’ve all had crappy experiences doing peer response—oftentimes when we don’t know what we’re supposed to be doing, when there’s no protocol, procedure or clarity about the process.”
Guidance for annotators often involves two steps.
“Highlight something that is confusing and ask a question about it,” Derek Bruff, visiting associate director at the University of Mississippi’s Center for Excellence in Teaching and Learning, suggested as an example. “Highlight something that you find surprising and then write why you find it surprising. Highlight something that reminds you of something else we studied, and make that connection explicit.”
Social annotation may help students grapple with, for example, a first pass on a reading, though it may be less effective when they are asked to summarize or respond to an argument about a whole document, according to Bruff. Also, faculty members who adopt the tools specifically for autograding features may be disappointed.
“They’re not just there because they must make seven annotations and respond to two of their peers’ comments,” Bruff said. “That’s going to bring a lot of artificiality to it.”
Ithaka, a nonprofit focused on improving access to knowledge and education, recently made a $2.5 million investment in Anno, the public benefit corporation that is home to Hypothesis. The two organizations are also working together on a pilot project that will enable instructors and students at select colleges to use Hypothesis to annotate articles available in JSTOR within their learning management systems. In time, they plan to provide the service to all JSTOR users.
“We’re hopeful that connecting Hypothesis and JSTOR will accelerate the beneficial use of annotation by faculty and students all over the world,” Kevin Guthrie, president of Ithaka, said of the digital library that houses more than 12 million journal articles, books, images and primary sources spanning 75 disciplines.
Social annotation advocates in academe and beyond, including a (now-closed) working group of the World Wide Web Consortium that develops internet standards, envision a world in which the practice of layering conversation over original sources is interoperable and ubiquitous.
“I don’t know ultimately whether it will be Hypothesis that brings [open interoperable annotation] to the world—we certainly hope so—but it’s coming,” Whaley said. “This is a core new capability that will be embedded everywhere … in the same way that the web and [learning management systems] are ubiquitous. Students will take for granted that somebody is there to help on that sentence … that help is on tap whenever and wherever they might need it.”
Resources for faculty and staff from our partners at Times Higher Education.
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Alternatives to Microsoft Document Management Software for Students and Learners – eLearningInside News – eLearningInside News
Many universities and companies funnel their students and employees into various software suites. If you’re taking a course, pursuing a degree, or participating in professional training, you might be asked to use software that you simply want to avoid, for a range of different reasons. For those looking to get away from Microsoft Office, many free programs will fully replace the usual office suite. Besides, almost all of them are compatible with Windows. Read on for a selection of free office suites that are downloadable on your PC and browser.
Microsoft’s famous Office suite has been considered the benchmark among office and institutional applications for more than fifteen years. Unfortunately, each year, the pricing policy does not always favor users. Others might find their signature applications like Word and PowerPoint clunky and look for better alternatives.
This free office suite works for Windows, Linux, and Android.
· Supports Microsoft file formats
· Cross-platform
WPS Office Free is a smaller version of the premium office suite, but its impact on most hard drives is negligible. Each of the three programs of the package is as intuitive as the latest versions of Word, Excel, and PowerPoint, and is equipped with the same number of functions.
It supports a vast number of file formats, including those developed by Microsoft. The package does not have database software, but there is a great free PDF reader. The minus of the package is it displays a certain number of advertisements. They do not interfere with work and are a small fee for a completely free office software package. There are versions of WPS Office Free for Windows and Linux systems, as well as applications for Android devices.
This application is a cross-platform office suite that stores your files in the cloud.
· Available for desktops and mobile devices
· Includes 1 GB of cloud storage
To start working with the package programs, you need to log in using Facebook or Google or create an account. This is necessary because the Polaris Office is a cloud service. Your free Polaris account comes with 60 MB of monthly data transfer, 1 GB of cloud storage and can be used on up to three devices (one desktop PC and two mobile devices).
If you use a smartphone, you may be familiar with the mobile version of Polaris Office. This cross-platform free office software is available for Windows, macOS, Android, and iOS and comes with some smartphones. It is compatible with all Microsoft document formats and offers a simple interface with some basic settings. Recently, this application acquired a reputation for being one of the best word alternative programs among users. If this is not enough, you can connect Polaris Office to Google Drive, Dropbox, Box, Microsoft OneDrive and Amazon Cloud Drive, or save the work locally on your device.
The free version contains almost all the tools of the premium version.
· Supports Microsoft formats
· Includes PDF reader
Like WPS Office Free, SoftMaker FreeOffice provides analogs for Microsoft Word, Excel, and PowerPoint (TextMaker, PlanMaker, and Presentations, respectively). The package includes support for Microsoft formats, and also offers an easy conversion to PDF and Epub. FreeOffice has a somewhat old-fashioned navigation mode, significantly different from the already simple navigation of the latest Microsoft packages.
This well-made application is more than just an online office suite. Read and discover more useful information about applications on RocketFiles.com if you like various software.
· Complete open-source solution
Open365 is a fully-featured cloud desktop package. It includes the critical components of the LibreOffice suite (Writer, Calc, and Impress), as well as the Photoshop-esque GIMP image editor, Kontact Linux email package, and Seafile cloud storage. This suite is one of the applications that allow users to work with documents efficiently.
While you work with a file transfer and create a cloud storage mirror, there is a local client on your hard drive, although you still need to run the software itself in a browser. Being a full featured software, the package is quite heavy both in terms of download time and the load it exerts on your PC system.
Featured Image: Christian Wiediger, Unsplash.
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The power from digitizing operations management systems – McKinsey
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Best Task Management Software (October 2022) – Forbes Advisor – Forbes
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North Korean Hackers Weaponizing Open-Source Software in Latest Cyber Attacks – The Hacker News
A “highly operational, destructive, and sophisticated nation-state activity group” with ties to North Korea has been weaponizing open source software in their social engineering campaigns aimed at companies around the world since June 2022.
Microsoft’s threat intelligence teams, alongside LinkedIn Threat Prevention and Defense, attributed the intrusions with high confidence to Zinc, a threat group affiliated with Lazarus which is also tracked under the name Labyrinth Chollima.
Attacks targeted employees in organizations across multiple industries, including media, defense and aerospace, and IT services in the U.S., the U.K., India, and Russia.
The tech giant said it observed Zinc leveraging a “wide range of open-source software including PuTTY, KiTTY, TightVNC, Sumatra PDF Reader, and muPDF/Subliminal Recording software installer for these attacks.”
According to CrowdStrike, Zinc “has been active since 2009 in operations aimed at collecting political, military, and economic intelligence on North Korea’s foreign adversaries and conducting currency generation campaigns.”
The latest findings dovetail with a recent report from Google-owned Mandiant, which uncovered the adversary’s use of PuTTY via fraudulent job lures shared with potential targets on LinkedIn as part of a campaign dubbed Operation Dream Job.
This involves establishing initial connections with individuals by posing as recruitment professionals as a trust-building exercise, before moving the conversation to WhatsApp, where a tailored lure document or seemingly benign software is shared, effectively activating the infection sequence.
A successful compromise is followed by the threat actor moving laterally across the network and exfiltrating collected information of interest by deploying a backdoor called ZetaNile (aka BLINDINGCAN OR AIRDRY).
But in a bid to evade security defenses and avoid raising red flags, the implant is downloaded only when the victim uses the SSH clients to connect to a specific IP address through the credentials specified in a separate text file.
Likewise, attacks employing the trojanized version of TightVNC Viewer are configured to install the backdoor only when the user selects a particular remote host from the options provided.
“Zinc attacks appear to be motivated by traditional cyberespionage, theft of personal and corporate data, financial gain, and corporate network destruction,” the company said.
“Zinc attacks bear many hallmarks of state-sponsored activities, such as heightened operational security, sophisticated malware that evolves over time, and politically motivated targeting.”
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Document Management for Your Small Business – THISDAY Newspapers
Every business will generate valuable documents that should be stored effectively for reference purposes. It doesn’t matter the size of the business; there shall always be new files to be stored after some time. These documents include the compliance files from the government or client files that show the transaction details that have taken place during a specific period.
With technological evolution, document management has been digitized, unlike in the past when filing cabinets typically line the walls of the post offices. Below are tips on document management for small businesses.
Digitize documents
The advancing technology has paved the way for the creation of different document management systems. That means that you can easily convert your documents into digital format and store them effectively. To achieve a better document management system, you will need to import most of your records into a centralized system to quickly and safely retrieve the documents.
Upon receiving records, you can quickly scan them and send them directly to the centralized system for storage purposes. If possible, you can assign one of the employees the duty to carry out these activities. You can even use PDF to Word converter online for online documentation processes. PDF is best in terms of retaining quality, editability and file size for the purpose of transferring so knowing how to convert Word to PDF is an important aspect of documentation.
Use efficient security means
Nowadays, cases of data breaches have become rampant in different institutions. That’s why the issue of security should be on the top list to ensure that your digital storage system is protected from fraudsters. When handling document management tasks, you should be mindful of every step that you are taking.
The digital storage system contains all critical documents, not limited to the sensitive ones used for marketing and transaction purposes. Make sure that you look for the data management systems configured with firewalls, SSL technologies and active directory authentication.
The system should also be able to provide a comprehensive and non editable record of all documents that are to be stored.
Customize access to your small business documents, especially when multiple departments are using the same folder.
Make use of collaboration features
After digitizing your documents and storing them in a centralized system, you will need to adopt collaboration tools to help you work with your team together within the document software. That means that the selected team members should be able to access the documents quickly without creating a contradictory edit on the files. The systems used should be able to allow multiple access and track all versions of the contents that were stored.
If a single edit is performed on one of the documents, you should get notified or get a notification of authorization access before the edits the document. Collaboration tools are essential for the teams that are frequently revisiting and reworking the business documents of your business.
Choose the best storage option
There are widely two options that you can use to store the documents of your small business. You may choose to use either cloud storage or use the device storage with an added portable external storage depending on the capacity of the files to be stored.
Storing your documents on your devices gives you great control over them, and they all fall under the umbrella of your security measures put in place. On the other hand, cloud storage of documents removes the burden of maintaining the storage system at a generally lower cost.
It’s tough for documents to get lost when stored on cloud based-systems but don’t forget that you trust a third party to manage the data. That creates an additional vulnerability to your documents as you never know whether the third party will sell your data to other investors on the market.
Organize your documents
Organization of the different files of documents is essential for easy retrieval of the documents. Just as you wouldn’t have to search in multiple cabinets for a single document, ensure that you don’t pore over files of the disorganized digital archive.
Make use of folders to organize the documents into named digital folders that are easily retrieved. In that way, you won’t have to be overwhelmed by multiple disorganized folders. Make sure that you have a valid nomenclature standard for arranging your files in different folders logically.
You can also divide your documents into different types or categories of folders depending on the purpose of each document. If possible, you can use the house subcategories to store documents that are almost related under the same category.
Conclusion
Having a well-secured document management system plays a vital role in ensuring the safety of the business data. It will also declutter your office and make sure that all your files are secure online. Also, it solves the risk of lack of accountability for the lost files in a paper-run world.
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GE Announces Filing of Form 10 Registration Statement for Planned Spin-Off of GE HealthCare – Business Wire
Key milestone in GE HealthCare’s journey to becoming standalone public company leading precision health innovation; marks continued progress on GE’s plans to form three companies
GE Form 10 Highlights (Graphic: GE)
GE Form 10 Highlights (Graphic: GE)
GE Form 10 Financial Supplement
BOSTON–(BUSINESS WIRE)–GE (NYSE:GE) today announced the filing of the Form 10 registration statement with the U.S. Securities and Exchange Commission (“SEC”) for the planned spin-off of its Healthcare division, to be called GE HealthCare.
A copy of the Form 10 is available on the SEC website at www.sec.gov and can also be viewed on www.ge.com/investor-relations/sec-filings. Downloadable historical financial and pro forma financial information can also be accessed as an attachment to this press release as well as at https://www.ge.com/investor-relations/spinoff-resources.
GE Chairman and CEO and GE Aerospace CEO H. Lawrence Culp, Jr., said, “GE HealthCare is an established leader in large, growing markets with a global franchise that is positioned to deliver patient, customer, and shareholder value. As a result of its planned spin-off, GE HealthCare will have greater focus and flexibility to serve its customers and invest in growth, and this filing is an important step on that journey.”
GE HealthCare CEO Peter Arduini said, “This is a milestone day for the GE HealthCare team, who is dedicated to our mission to create a world where healthcare has no limits. We believe we have a clear path to deliver precision innovation for our customers and their patients while accelerating growth and optimizing our business as a standalone company.”
Highlights from Form 10
The Form 10 includes detailed information about GE HealthCare, including an overview of its business and strategy, historical financial information, and competitive advantages, among other details. Key information detailed in the Form 10 demonstrates how GE HealthCare expects to:
GE HealthCare will be organized into four business segments aligned with the industries it serves:
Additional Information
As previously announced, GE plans to form three independent, investment grade, industry-leading companies focused on the critical growth sectors of aviation, healthcare, and energy.
GE HealthCare will become a pure-play global healthcare leader following its planned spin-off, which GE continues to expect to complete in the first week of 2023 subject to final approval from the GE Board of Directors and other customary conditions. GE HealthCare will list on The Nasdaq Global Select Market under the ticker symbol “GEHC.” In September, GE announced GE HealthCare’s first Board of Directors, which will bring a strong mix of expertise, industry experience, and diverse perspectives to the company.
As shared in November 2021, GE HealthCare plans to issue debt securities, the proceeds of which are expected to be used to pay down outstanding GE debt over time.
The planned spin-off of GE HealthCare is intended to be tax-free for GE and GE shareholders for U.S. federal income tax purposes. To effect the separation, GE plans to distribute at least 80.1% of GE HealthCare’s common stock to GE’s shareholders. Shareholders do not need to take any action to receive the shares of GE HealthCare to which they will be entitled. GE expects to retain a stake of 19.9 percent in GE HealthCare.
As previously announced, GE HealthCare will host an investor day on Thursday, December 8, 2022, in New York, NY. GE HealthCare’s management team will present its growth strategies and financial outlook, as well as a showcase of its innovative solutions.
Investors, media, and the general public are invited to learn more about the pending spin-off at https://www.ge.com/investor-relations/spinoff-resources. Future updates to the Form 10 will be filed with the SEC and may be viewed at www.sec.gov as filings under GE HealthCare’s current name, GE Healthcare Holding LLC. The Form 10 filed on October 11, 2022, is subject to change and will be made final prior to the effective date.
*GE’s existing energy portfolio of businesses, including Renewable Energy, Power, Digital, and Energy Financial Services, will sit together under the brand name GE Vernova.
Non-GAAP Financial Measures
In this document, we sometimes use information derived from consolidated financial data but not presented in our financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP). Certain of these data are considered “non-GAAP financial measures” under the U.S. Securities and Exchange Commission rules. These non-GAAP financial measures supplement our GAAP disclosures and should not be considered an alternative to the GAAP measure. The reasons we use these non-GAAP financial measures and the reconciliations to their most directly comparable GAAP financial measures are included in GE Healthcare Holding LLC’s Form 10 registration statement, which is available on the SEC’s website www.sec.gov.
Forward-looking Statements
This document contains forward-looking statements – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. For details on the uncertainties that may cause our actual future results to be materially different than those expressed in our forward-looking statements, including (1) our success in executing and completing asset dispositions or other transactions, including our planned spin-offs of GE HealthCare and GE Vernova, and sales of our equity ownership positions in Baker Hughes and AerCap, the timing of closing for such transactions, the ability to satisfy closing conditions, and the expected proceeds, consideration and benefits to GE; (2) changes in macroeconomic and market conditions and market volatility, including impacts related to the COVID-19 pandemic, risk of recession, inflation, supply chain constraints or disruptions, rising interest rates, the value of securities and other financial assets (including our equity ownership positions in Baker Hughes and AerCap, and expected equity interest in GE HealthCare after its spin-off), oil, natural gas and other commodity prices and exchange rates, and the impact of such changes and volatility on our business operations, financial results and financial position and (3) our de-leveraging and capital allocation plans, including with respect to actions to reduce our indebtedness, the capital structures of the three public companies that we plan to form from our businesses, the timing and amount of dividends, share repurchases, organic investments, and other priorities, see https://www.ge.com/investor-relations/important-forward-looking-statement-information, as well as our SEC filings. We do not undertake to update our forward-looking statements.
About GE
GE (NYSE:GE) rises to the challenge of building a world that works. For more than 130 years, GE has invented the future of industry, and today the company’s dedicated team, leading technology, and global reach and capabilities help the world work more efficiently, reliably, and safely. GE’s people are diverse and dedicated, operating with the highest level of integrity and focus to fulfill GE’s mission and deliver for its customers. www.ge.com
GE Investors
Steve Winoker
617.443.3400
swinoker@ge.com
GE HealthCare Investors
Carolynne Borders
631.662.4317
carolynne.borders@ge.com
GE Media
Mary Kate Mullaney
202.304.6514
marykate.nevin@ge.com
GE HealthCare Media
Jennifer Fox
414.530.3027
jennifer.r.fox@ge.com
GE Investors
Steve Winoker
617.443.3400
swinoker@ge.com
GE HealthCare Investors
Carolynne Borders
631.662.4317
carolynne.borders@ge.com
GE Media
Mary Kate Mullaney
202.304.6514
marykate.nevin@ge.com
GE HealthCare Media
Jennifer Fox
414.530.3027
jennifer.r.fox@ge.com
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What are Different Types of IT Tools? – CIO Insight
There are numerous tools aimed at helping IT professionals operate more efficiently and deliver the most effective results possible. With the right solutions in place, IT pros gain a better understanding of the organization’s strengths and weaknesses, which allows them to prioritize their objectives more strategically. In turn, this propels the broader organization toward its goals and creates new opportunities for growth.
When implemented correctly, the following tools help IT professionals operate at peak performance:
Project management software is a must-have in an IT professional’s toolkit. These applications help delegate tasks strategically across the team and improve resource utilization, so each project is completed within the specified time and budget constraints. Project management software also provides better workflow visibility, which makes it easier to identify and fix bottlenecks and potential blockers.
Some of the top IT project management tools include Jira, Asana, and ClickUp.
Information technology and asset management (ITAM) software helps businesses account for all the IT devices in the organization. ITAM tools help manage the lifecycle of all devices in a company, from the time they are deployed to the time they should be replaced. In addition, ITAM software tracks the current versions of all software and firmware installed on a device. IT professionals wanting to install a new software package will use the ITAM tool to make sure they have the correct system requirements applied to their device first.
EZOffice Inventory and Freshservice are competing ITAM products.
Document management software allows IT professionals to organize digital copies of printed files as well as electronic documents such as PDFs and spreadsheets. There are many advantages of using a document management system, including:
Two document management software applications are Adobe Document Cloud and eFileCabinet.
Vulnerability management software proactively and continuously scans an organization’s entire system to identify vulnerabilities across the network, endpoints, and workloads. Then, the software works to patch each vulnerability as quickly as possible, so it doesn’t leave the door open for a future cyberattack. Vulnerability management uses a four-step process to identify and act on discovered vulnerabilities:
Two of the top vulnerability management solutions are Tenable.io and InsightVM.
Help desk software tracks all incoming IT requests from employees and customers alike. Most solutions provide self-service capabilities for basic needs like password resets and simple how-to guides, which allows IT staff to focus on higher priorities and more complex issues. Help desk software also helps IT teams provide status updates to ensure everyone’s expectations are aligned.
Help desk functionality is often embedded within a comprehensive IT service management (ITSM) tool, but some standalone help desk solutions like Zendesk and HelpDesk.com also exist for more basic needs.
Though the exact solutions vary according to each business’s unique needs, most IT teams use some combination of the software categories on this list. Each tool serves to make the IT professional’s job easier while simultaneously producing more impactful results. From the business’s perspective, this added efficiency can create huge opportunities for long-term growth. The right IT tools help individual team members succeed, thereby creating an upward trajectory for the organization as a whole.
Read next: How to Do a Software Evaluation
CIO Insight offers thought leadership and best practices in the IT security and management industry while providing expert recommendations on software solutions for IT leaders. It is the trusted resource for security professionals who need to maintain regulatory compliance for their teams and organizations. CIO Insight is an ideal website for IT decision makers, systems integrators and administrators, and IT managers to stay informed about emerging technologies, software developments and trends in the IT security and management industry.
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Automotive Logistics Market to Reach $433.6 Billion, Globally, by 2031 at 6.1% CAGR: Allied Market Research – PR Newswire
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A prominent expansion of global trade activities, a thriving e-commerce sector, and a surge in free-trade agreements between various countries are expected to prop up the growth of the automotive logistics market across the globe.
PORTLAND, Ore., Oct. 11, 2022 /PRNewswire/ — Allied Market Research recently published a report, titled, “Automotive Logistics Market by Service (Warehousing and Transportation), by Type (Finished Vehicles and Automotive Parts), by Mode of Transport (Land, Air, and Sea), and by Distribution Area (Domestic and International): Global Opportunity Analysis and Industry Forecast, 2021-2031.” As per the report, the global automotive logistics industry was estimated at $241.7 billion in 2021, and is set to reach $433.6 billion by 2031, growing at a CAGR of 6.1% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios.
Download FREE Report Sample (308 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/31957
Drivers, restraints, and opportunities
A prominent expansion of global trade activities, a thriving e-commerce sector, and a surge in free-trade agreements between various countries are expected to prop up the growth of the automotive logistics market across the globe. Apart from this, an increase in the number of seaports across the globe will boost global market trends. Nonetheless, strict fuel emission norms can restrict the growth of the global industry. However, technological innovations such as machine-to-machine communication have brought a paradigm shift in the transport sector, particularly in waterway transportation. This, in turn, is likely to create new growth avenues for the automotive logistics market globally.
Covid-19 scenario:
The land segment to dominate the global market in terms of revenue in 2031
Based on the mode of transport, the land segment is set to contribute to the highest market share in 2021, accounting for nearly two-thirds of the global automotive logistics market share. Furthermore, the segment is projected to contribute majorly toward the global market share during the forecast period. The growth of the segment over the assessment period is attributed to a rise in investments in road transport activities as they require lesser investments compared to railway and air transportation. Apart from this, the rise in the export and import of goods through land has propelled segmental growth. However, the sea segment will record the fastest CAGR of 7.5% from 2022 to 2031. The growth of the segment over the forecast timeframe can be due to a rise in the transportation of key goods via sea route.
The domestic segment to hold the major market share over 2022-2031
On basis of the distribution area, the domestic segment contributed to the largest market share in 2021, accounting for nearly two-thirds of the global automotive logistics market share. Furthermore, the same segment is anticipated to dominate the growth of the global market over the forecast period. The growth of the segment over the assessment period is subject to a rise in domestic services including goods delivery and sending of documents from one place to destination in a country such as cargo transport, document courier, and parcel delivery. However, the international segment is predicted to record the highest CAGR of 7.3% over the forecast period. The growth of the segment over the forecast timeline can be credited to the large-scale distribution of goods and logistics from one country to another country through flight and sea routes.
The transportation segment to lead the global market growth over the forecast period
In terms of service, the transportation segment contributed to the highest market share in 2021, accounting for nearly four-fifths of the global automotive logistics market share. Moreover, the same segment is set to make notable contributions toward the global market share in 2031. The growth of the segment over the forecast timeline can be credited to the rise in the use of transportation management software for optimizing routes, handling carriers, and transforming paper-based documentation into digital/analog. Furthermore, transportation management software helps in reducing freight costs, track deliveries in real-time, and enhance customer service. However, the warehousing segment is predicted to register the fastest CAGR of 7.4% during the forecast timeline. The segmental growth over the forecast timeframe can be attributed to the growing penetration of robots in warehouse management activities. In addition, warehouses are making use of robotic systems in various warehouse & logistics processes such as picking, sorting, packing, transporting, and inspection.
Asia-Pacific to retain global market domination over 2022-2031
By Region, Asia-Pacific contributed notably toward the global automotive logistics market share in 2021, and is projected to continue its dominance during the forecast period. The region accounted for more than two-fifths of the global market share in 2021. The same region is slated to contribute significantly toward the global market size in 2031. Furthermore, the Asia-Pacific automotive logistics industry is anticipated to record the highest CAGR of 7.1% over 2022-2031. The regional market growth over the projected timespan is owing to the thriving e-commerce sector in developing countries of the region. In addition, favorable government policies pertaining to the development of strong automotive logistics infrastructure in the Asia-Pacific will drive regional market trends.
Interested to Procure the Data with Actionable Strategy & Insights? Inquire Before Buying – https://www.alliedmarketresearch.com/purchase-enquiry/31957
Major market players
The report analyzes these key players in the global automotive logistics market. These players have implemented key business strategies such as strategic expansion, new product launches, alliances, and joint ventures for enhancing market penetration and reinforcing their position in the industry. The report helps the target audience in determining the market performance, performance of each segment, product portfolio development in the market, and contributions made by each player to the market expansion.
Similar Reports We Have on Logistics Industry:
Government and Education Logistics Market by Transport, Research Report 2021–2031
Finished Vehicles Logistics Market by Activity, Logistics Service, Mode of Transport, Vehicle Type, Research Report 2021–2031
Project Logistics Market by Services, Mode of Transportation, and Verticals, Research Report 2021–2031
Timber Logistics Market by Type, Research Report 2021–2031
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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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