British property software provider Veco has expanded its portfolio with four new tools based on artificial intelligence. The features are provided within the proprietary assistant Ask Veco and are specifically aimed at estate and letting agents across the United Kingdom.
The purpose of the software expansion is to automate recurring administrative workflows that traditionally tie up considerable staff capacity in the day-to-day operations of agents and property managers. The new tools address key touchpoints in everyday agency and property management practice.
Four core areas to relieve agents and property managers
With the newly launched modules, Veco is focusing on fundamental administrative challenges faced by UK letting and sales agencies. The features cover document verification, invoicing, maintenance management, and matching prospective clients.
- —Management and verification of statutory compliance documents
- —Automated processing of invoices from external contractors and suppliers
- —Recording and notification processing for repair and maintenance requests
- —Targeted matching of applicant profiles with available property listings
Meeting statutory requirements in particular demands a high level of diligence in the regulated UK residential and lettings sector. By automating the verification and allocation of relevant documentation, Ask Veco is designed to help reduce regulatory risks for agencies and noticeably cut the time spent checking contracts.
Efficiency gains in day-to-day operations
The day-to-day operational management of properties is also being restructured by the system. Incoming invoices from tradespeople and suppliers are captured automatically by the system, whilst repair reports from tenants can be forwarded to the relevant parties more quickly. At the same time, automated data matching enables faster pairing of prospective buyers and tenants with suitable properties.
By integrating these four components into Ask Veco, the software provider is responding to mounting pressure across the UK lettings and estate agency market to lower administrative costs and reliably structure operational processes using modern software solutions.
