As an operator, you’ll have many choices when selecting a Coworking management platform to power your shared space. Similar to shopping for anything else, you’ll compare pros and cons and check what features each choice provides. However, it is of the utmost importance to know that these five features are included in your software.
Robust Accounting
Accounting is a vital component to the operation of your space. You may choose a software that integrates with third party applications such as Quickbooks, FreshBooks, or others. That is a significant step up from manual labor. In a perfect world however, your management platform would have all accounting solutions built in. This will eliminate third party apps for accounts payable, payment processing, merchant services, and reconciliation, among other functions.
ILS
There are numerous benefits to having an ILS (internet listing service) built into your Coworking management software. List your space and eliminate marketing time and dollars. Potential members can check out your space at a glance, and improve the quality of your leads.
In addition, you will greatly benefit from the ability to sell your services online in real time. Offer spaces, services, and just about anything else you can list. Keep track of sales and revenue live.
Real-time Reporting
Real-time reporting goes beyond just statistics. Being able to track data and results live will help you track sales, revenue, space usage, and many more driving factors of the success of your space. At the end of the day, the goal is to increase your revenue and provide better service to your members and guests. Real time reporting is at the core of all those goals, as you’ll have visibility to change membership plans, designs, and service based on tracking data over periods of time.
CRM
Every single Coworking or shared space should have a CRM in place. Your CRM will be the main hub where you can store member and prospect data, track an entire interaction cycle from first contact to signed contract, and manage leads and vendors efficiently.
In today’s cutting edge technology-driven Coworking world, your operation is incomplete without a top of the line CRM. It will pay for itself in time savings, loss prevention, lead quality, and member satisfaction.
Automated Booking
This is another non negotiable asset to be included in your management platform. The accuracy and simplicity of automated booking is simply irreplaceable with manual processes. Whether its a conference room of any size, private offices, phone rooms, hotdesks, tours, or anything else, an automated booking solution will make the operation of your space infinitely simpler.
Like the other features on this list, the amount of time and effort alone that you’ll save will be worth it in and of itself.
When you are researching for the appropriate Coworking management platform to power your business, make sure these five features are built into the software.
To learn more about how Kube is the platform of choice for many of the largest, most successful Coworking spaces, please click the link below.