Stop Spreadsheet Sinkholes – Get Tax Lien Software
Tax lien investors too often wrestle with “information overload”
Beware the costs and risks of tax lien spreadsheets that are vulnerable to error, fraud, non-compliance, and more. Managing portfolios with tax lien spreadsheets results in too much information that is inaccessible and unmanageable. Manually calculating subsequent tax lien certificates over multiple tax years cannot scale, and becomes too reliant on one person with one spreadsheet. Tax lien spreadsheets quickly become unwieldy and slow investors to a crawl.
Subject to state regulations and statutes, tax lien servicing has back-office challenges:
Overwhelming data to audit and analyze
Complex legal issues and state statutes
Labor-intensive legal documents and notices
STOP the 10 Sinkholes of Tax Lien Spreadsheets
1. Human Error
2. Non-Compliant
3. Non-Collaborative
4. No Data Recovery
5. Not Scalable
6. Hard to Test
7. Inflexible for Business
8. Not Consolidated
9. Slow Decision Making
10. Susceptible to Fraud
Take 5 Information Actions
1. Identify Key Stakeholders
2. Record Operational Challenges
3. Know Your Vital Data Elements
4. Reduce Transaction Redundancy
5. Find Resources That Can Be Leveraged