"Loft47 for Teams eliminates the manual reconciliation, spreadsheets and guesswork that slow down team leaders. They can now access clear, meaningful data in real time and spend their energy driving production and profitability. While the product uses Loft47's existing back-office framework, the new platform adds features tailored to team structures, including automated commission allocations, sub-team tracking and deductions. It also monitors deposits for every transaction, calculates gross commission income per agent and provides an instant readout of net team earnings."
"The system also uses AI-powered document auditing to extract key contract details and check compliance automatically. All deal files and accounting processes from deposits to payouts to reconciliation are centralized, the company said. Early adopters have reported up to a 70% reduction in time spent on commission calculations, more than a 90% drop in manual entry errors and a 50% time savings per deal for administrators."
Real estate teams run increasingly complex businesses within brokerages and require the same financial intelligence and automation as broker owners. Loft47 for Teams eliminates manual reconciliation, spreadsheets, and guesswork by providing real-time, meaningful financial data so team leaders can focus on production and profitability. The platform extends Loft47's back-office framework with features for team structures, including automated commission allocations, sub-team tracking, deductions, deposit monitoring, gross commission income per agent, and instant net team earnings. A unified dashboard shows performance trends, cash flow, and individual or sub-team metrics. AI-powered document auditing extracts contract details and automates compliance, centralizing deal files and accounting processes.
Read at www.housingwire.com
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