AES Technologies
Fuelling Innovation in the Real Estate Industry

T here was a time when real estate agents were the sole wardens of property information, and contacting them was always the initial step in a home buyer’s or an investor’s journey. However, the emergence of the internet changed everything. The real estate companies started to post property listings online, which granted buyers ready access to every kind of information they needed. As a result, the customers could easily browse through listings, find houses, and narrow down their searches—making them well-informed and sophisticated buyers. These technological breakthroughs—coupled with the booming digital economy—in the real estate sector have now necessitated the advent of more advanced software applications to help both real estate companies and homebuyers to simplify property purchasing and management. And one company that has been a major proponent behind this development is AES Technologies.

As a leading real estate application provider, AES’ mission is to make the Asian real estate industry more digital-ready and help organizations improve their productivity and increase profitability. Headquartered in Singapore, AES serves various real estate markets, namely Malaysia, Thailand, Cambodia, Vietnam, and Hong Kong. Utilizing its extensive experience of more than 30 years in both real estate and IT sectors, AES provides comprehensive products and features to its customers that present them a competitive edge in the real estate industry. “We always offer newer methods and technologies to enhance our customers’ work processes, which, in turn, improves their savings and increases profit margin,” states Henry Tan, CEO of AES.

Notably, the company has created a robust real estate ecosystem that enables organizations to strategize their business objectives effectively. In a bid to provide a robust solution to its customers, AES’ real estate ecosystem comprises agency management system (AMS), valuation management system (VMS), online indication system, real estate ERP system, developer ERP system, commercial property management system, and real estate assets management system. The holistic nature of this ecosystem benefits real estate consultancy, real estate developers, banks, international property consultancy, mega shopping mall owners, and more of their ilk. Using big data, the ecosystem analyzes moving trends of the sector in real-time, enabling the clients to make more informed decisions in their investment process.

Elaborating on their real estate ecosystem’s significant modules, Tan notes, “The AMS allows the stakeholders of a real estate project to manage all their salesperson transactions and commission pay-out within the same system.” It digitalizes traditional real estate agencies to track every financial transaction, and permits all the salespersons to submit their deals and generate an invoice within their own virtual office and mobile office apps. Alongside, AMS also provides digitally-computed commissions for agents besides e-contracts to drive maximum revenue.

On the other hand, the VMS aids real estate valuers in accomplishing their day-to-day assignments, ranging from site inspection and generation of valuation reports for more than 10 property consultancy firms to facilitating mortgage and REIT valuation.

This system fully digitalizes the valuation process. In addition to the VMS, the company’s online indication system—developed after three years of dedicated work—helps the valuers and bankers to get an instant indicative value of properties. Powered by AI, this system increases the performance of the turnover time of offering indicative value to bankers and customers and reduces the valuer efforts. Apart from these highly-efficient solutions, AES’ team of experts also go the extra mile and extend a counseling arm to their clients to help them stay abreast of the changing market demands.

With this commitment to working hand-in-hand with its clients, the company has scripted success stories for a multitude of organizations. Tan highlights an instance wherein AES helped OGPS Global, a leading real estate firm that focuses on international project marketing and distribution in the Asia Pacific. OGPS incorporated AES’ Agency ERP System, which supported the firm with website content management, leads generation and management, e-invites, e-registration for project launch events, e-reservation, and commission management. OGPS was also able to manage its channel partners and control master inventory within the Agency ERP System. Today, using AES’ system, OGPS has become a major player in Singapore that handles international property projects seamlessly. “In less than two years after deploying our ERP system, OGPS has expanded its business from Singapore to multiple countries such as China, Hong Kong, and Malaysia,” exalts Tan.

These illustrated experiences have now made AES a perfect partner of choice for organizations looking to deploy robust proptech solutions. The company is currently utilizing its two decades of experience in the real estate domain to upgrade its offerings with the changing market needs. On that front, AES is vigilantly monitoring the significant changes in the industry because of the COVID-19 pandemic, and working on developing a post- COVID-19 real estate ecosystem to help firms thrive successfully in the future. To make this a success, Tan and his company believe in a collaborative effort, and therefore urges other real estate firms to unite with them in this effort so that they can co-develop solutions that can help the entire proptech sector make a giant leap.