CRM for Managing Payment Milestones in Real Estate Projects
Payment milestones in real estate projects play an important role for builders and buyers. Instead of depositing the entire project amount in a lump sum, it offers construction-linked payments (CLP), a hassle-free approach for both developers and buyers. Moreover, it helps you trace the progress of your project phases and maintains transparency. Also, it does not burden any of the parties, whether the builder or the buyer, as payments are made in installments, and developers have ample time to trace the source of payments. Earlier, when no real estate businesses were utilizing CRM for payment milestone tracking, manual errors were higher, and factual ambiguity was very common. Furthermore, if financial records had loopholes, it was a blame game in which each department tended to blame the other for the issues. To tackle such scenarios, the only option for builders was to integrate a real estate milestone management CRM to improve business efficiency and reduce avoidable losses th...