Software provider Rex has launched three live dashboards which cover agent performance, current inventory and sold listings.
Rex believes the dashboards will save admin time copy-pasting and double entering figures, while negotiators will be able to track their performance at a glance.
Agency managers, owners and directors will be able to see their entire pipeline and overall team performance, helping them to make more informed decisions.
Agents can set privileges so that certain users can see certain dashboards, but Rex believes those firms which are committed to agent performance visibility across the board can make them public to increase accountability and encourage healthy competition between staff.
The Agent Performance Dashboard can be used by negotiators to track their own performance, as well as by managers and directors to monitor how the team is performing.
It shows key information at a glance such as an agent’s average commission rate, appraisal to listing ratio, listing to sales ratio, average days on market, total attributable commission and more.
The Current Inventory Dashboard allows agents to monitor their upcoming sales pipeline and forecast inbound commission.
The information provided in this dashboard, such as active market appraisals, new listings and deals under contract, can be used as a talking point for sales meetings, helping to increase motivation and transparency.
The Sold Listings Dashboard allows agents to see all their sales data and subsequently understand where their revenue is coming from.
It also provides a simple way to take stock of the ‘bigger picture’, automatically filtering to show an agency’s performance compared to the previous year.
Meanwhile, the dashboard allows staff to see monthly gross commissions and a leader board of the top negotiators.
Anton Babkov, chief executive of Rex Software, said: “The new dashboards are a time-saving and accountability tool, helping to make sure everyone is working towards the big goals.
“A powerful tool like this not only allows agencies to celebrate where they are smashing it, but also provides insight into where they can step up activity and improve performance.
“Combining the insights of the three dashboards can provide a powerful insight into the performance of your agency quickly and efficiently, an invaluable tool in such a fast-moving and competitive market.”
Tom McCarthy, head of product at Rex Software, added: “Agency reporting can be tedious and often inaccurate when it’s a series of cobbled-together spreadsheets that require daily manual updating.
“Our opening series of three live dashboards were created to solve their biggest pain points in the current approach, communicating an agency’s sales data-story and providing the opportunity to explore the ‘why’ questions.”