Similar to leading companies ING, Spotify, Google and Netflix, Property Exchange Australia (PEXA) has embarked on an agile transformation – but what does this really mean for the PEXA team?
Similar to leading companies ING, Spotify, Google and Netflix, Property Exchange Australia (PEXA) has embarked on an agile transformation – but what does this really mean for the PEXA team?
PEXA takes one of the most complex paper-based industries in the world and moves it online in Australia. As a result, financial institutions, and lawyers and conveyancers are now able to settle property transactions online. They can lodge documents with land registries and complete financial settlements electronically.
With the world naturally gravitating towards online solutions, PEXA provides this for our subscribers and saves them an abundance of time. They receive greater assurance their transactions will settle on time, the opportunity to become more efficient and a secure platform to complete property transactions electronically.
Buyers and sellers can also rest assured that their property settlement will be streamlined. PEXA ensures a smooth transition into their new home after purchase. If selling, it provides a timely transfer of proceeds from the sale of property directly into their account rather than waiting days for cheques to clear.
Our growth metrics speak for themselves with electronic transactions up 414 per cent year-on-year — a clear representation of the industry’s urgency to move online.
It ’s not over yet
Although in our view PEXA is an undeniable technological success, it’s not over yet for us. As we see more and more transactions move online and state governments confirm their roadmaps towards a fully digital property transaction environment , the urgency from the industry to move all transactions online mounts.
