Wednesday, November 04, 2009

Clouds in Cyperspace

November 4, 2009

Recently the business media has been writing articles on "clouds". As I understand"clouds", they are remote servers on which to file and store data. Interestingly, CENTURY 21 Lois Lauer Realty has been using a "cloud" for the past 4 years. Our Escrow Department and our Transaction Coordination Department have been entering all documents onto a vast off-site server. Our clients, customers, vendors and agents receive a password and they are able to remotely pull up their documents and view them. At the close of a transaction, their documents are downloaded onto a CD and the clients have a paperless way to keep their documents.

Transitioning to this type of storage was not always smooth, but staff and agents are definitely finding it useful.

Our "cloud" is called Planet RE and although most of us may not understand the technology involved, we do know the benefits of using cybertechnology. We can access our transactions from our home computers and we can forward by e-mail any documents requested by lenders, buyers and sellers .

It was scary at first not to be able to "touch" your documents. In order to reduce the "scare factor" we have a back-up paper file until the transaction is completed and for a short period thereafter.

As more businesses see the benefits of subscribing to a remote system for their files, the skillful computer person will have an edge. Since the genXers and younger folks take texting and computer use for granted, "clouds" are much in the forefront of business investment.

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