AssetOwl strengthens Pirsee’s appeal with data migration capabilities
After further innovation, AssetOwl (ASX: AO1) can now offer real estate clients the ability to migrate property reporting data from Microsoft Word and PDFs to its cloud-based Pirsee platform.
A trial customer successfully uploaded their inspection data in Word and PDF format to Pirsee using new data migration technology from AssetOwl.
The inspection data comprised approximately 400 records, and with the successful migration, the trial customer became the company’s fifth paying customer.
According to AssetOwl, the majority of input inspection data is based on Word or PDF software.
“Migrating a full set of property condition reports in Word and PDF format is a significant achievement for the business,” said Geoff Goldsmith, CEO of AssetOwl.
He added that Pirsee was designed to facilitate business processes and increase efficiency, while supporting property managers in their day-to-day challenges.
“I am delighted to report that this new capability allows AssetOwl to make significant improvements for clients who have not yet digitized their inspection records. “
Inefficient record storage
With entry inspections being an essential part of the tenant lifecycle, AssetOwl says that storing these records in Word or PDF format is “very inefficient”.
In this format, rental inspection records are often stored in disparate locations, easy to lose, and can be difficult to view during final bond inspections.
AssetOwl’s migration capability aims to address this inefficiency.
Word and PDF data is converted into AssetOwl’s own standardized proprietary digital format, before being imported into the cloud-based Pirsee platform.
Unlock market potential
This capability will open up a larger market for AssetOwl and facilitate the adoption of Pirsee.
The company noted that most real estate agencies in WA maintain Word and PDF inspection records. These records must be able to be migrated if the agency wishes to change inspection platform.
AssetOwl said its data migration capability would be “particularly attractive” for renting roller aggregators.
“Rent lists are commonly exchanged and the integration of inspection record data represents a significant challenge for the successful and efficient merging of rental lists.”
When using Pirsee, digital rent records are easily accessible to property managers during the final bond inspection.
Plus, scanning and uploading inspection reports to Pirsee means property room configurations are loaded and ready to use.
AssetOwl says this means property managers can avoid spending around 40 minutes manually entering the property’s room and fixture details into their legacy inspection tool before performing an inspection.
Data migration capability will be provided to existing trial customers as an add-on service.
However, AssetOwl will offer this functionality to future clients on commercial terms.