Key Features

For Coworking Software

By Luis Estrada on Feb 28, 2019 in Coworking, Technology

As an operator of a coworking space, you’ll have many choices when selecting a management platform to power your shared workspace. Compare pros and cons and check what features each choice provide, but make sure 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.

Learn more about the benefits of CRM and automated booking in your coworking management software on the Yardi KUBE Blog.