Reesio rolls out new features to compete with Dropbox

Transaction management platform now allows splicing and splitting of documents

Transaction management company Reesio has launched new features it hopes will allow real estate professionals to drop their subscriptions to popular document storage program Dropbox and put Reesio closer to its stated goal of becoming a “one-stop shop” for real estate agents.

The San Francisco-based startup made its transaction management platform available for free in October with the aim of enticing more agents to use the platform. Today, the company announced a revamped documents section with a raft of new features:

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  • folders and filters for better organization of documents.
  • search functionality to be able to search for any documents within the system.
  • splicing and splitting of documents, allowing users to turn multiple documents into one document or split one document into multiple documents.
  • giving each transaction within Reesio a unique email address that allows users to email documents directly into transactions without having to download, save and reupload the documents.

In a statement, Reesio co-founder and CEO Mark Thomas said most of Reesio’s customers already “ditch” their Dropbox accounts when they start using Reesio because Reesio offers unlimited storage for free, while Dropbox charges a minimum of $120 per year if users need more than 2 GB of storage.

“We also make it much clearer within our product regarding whom you’ve shared documents with than Dropbox does. And of course, Dropbox doesn’t offer e-signatures, which Reesio does through its integration with DocuSign,” Thomas said.

“With the additional features that we’re launching today, we expect to fully replace real estate professionals’ need for Dropbox.”

Thomas said the new features are a result of customer feedback. The company publishes all of its new feature releases weekly in a “Product Updates” section of its website.

In the next few months, the company “will be launching some cool new stuff that will continue to put pressure on legacy products that fail to innovate,” Thomas said.

After Reesio raised an additional $1.096 million in funding in October, the company announced it would tackle the issue of listing accuracy by leveraging the data entered by agents into its platform. By capturing exactly when a deal reaches the next step in the transaction process, Reesio hopes to create the most accurate residential real estate database out there and possibly partner with multiple listing services or listing portals to handle their listing accuracy.

Other planned product launches Thomas has previously mentioned include a third-party vendor program; a full-blown customer relationship management system to manage leads; and offering consumers comparable offers and sales on Reesio’s public listing pages.


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