Does ServiceNow have capabilities for managing real estate workflows?
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06-01-2022 06:42 AM
Does ServiceNow have capabilities for managing real estate workflows? e.g. contracts/leases?
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06-02-2022 01:29 AM
Hi, ServiceNow does have inbuilt contract management functionality and processes which are available\used in many of their solutions (making their documentation a little confusing) and if these are not an exact fit for your business requirements then one of the platforms many positives is the ease at which it can be configured and OOB functionality altered or replaced.
The OOB functionality includes the ability to record costs, terms and conditions, renewal cycles etc and manage approval\renewal processes (and visibility)
(one example)
https://docs.servicenow.com/bundle/sandiego-it-service-management/page/product/contract-management/concept/c_ContractLifeCycle.html
If you don't have an existing ServiceNow instance I would recommend spinning up a free Personal Developer instance via the developer portal and taking a look.
https://developer.servicenow.com
Your local ServiceNow Account team or Partner would also be a great starting point if you need anything clarified.
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07-08-2022 04:43 AM
This service looks really helpful when you need to buy a house. I plan to buy a new house this fall, and I am looking for a service or a law firm that would be able to help me deal with the documentation. I am not a lawyer and don’t know much about this market, but I can see that it is not doing well, and it is time for me to take action.
I’ve done some reading on timthomas.co, and now I know that the real estate market is going to fall, and we will need to deal with it. That’s why I am now looking for new opportunities to help me be more or less stable.
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02-18-2025 01:41 PM - edited 02-20-2025 06:49 AM
If you plan to buy a house and maximize savings, you might want to look into cost segregation studies. When I purchased my rental property, I didn't realize how much I could save on taxes until I looked into depreciation strategies. It helped me free up cash and reinvest in other opportunities.
I worked with Cost Segregation Guys, who simplified the process. If you're investing in real estate, it might be worth checking out how cost segregation could improve your tax situation.
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02-20-2025 10:28 PM
Yes, ServiceNow can be leveraged for managing real estate workflows, including contracts and leases, by customizing its IT workflow capabilities for property management needs. However, for those looking to optimize their property market expert strategies with real estate insights, leveraging digital solutions alongside expert guidance can help streamline transactions and maximize property value.
