When there is an advanced cloud technology available today, why do businesses need legacy systems to manage their leasing and rental activities? Legacy systems are expensive and provide rigid experience to the customers. Their narrow point solutions are frustrating and cannot be compared with the true Real Estate Property Management ERP Cloud software experience.
Did you Know:
According to the Property Management industry statistics in America, the real estate, leasing, and property management companies generate a revenue of approximately $88 billion annually.
Rental companies prefer cloud technology because of its ease of administration, ability to stay updated with the current technology, no need of installing updates, and managing servers. Modern ERP cloud enables better decision making while limiting human errors. Working on this system eliminates the need to rely on outdated spreadsheets. This means having more control of your assets, maximizing rentals and most importantly, profits.
When a business is using cloud technology, their team or employees can access work-related files from different locations with an internet-connected device. They can work on the same master file and track all the changes made. This reduces the decision taking time and enable the team to work on the same project and submit it on time within the allocated budget. The main features of ERP software include:
Tracking and managing various important property data such as property maintenance, lease renewal, and expiry dates is simple with the ERP cloud. This data is important for the efficient management of your lease and rental properties.
By using the ERP cloud, companies can get valuable property data where they can track repairs and maintenance of the properties they are managing. It also allows tenants to pay online and track their payments.
Tracking of payables, receivables, bank reconciliation, payment schedules, and milestone billing. The information filed into the ERP software will be compliant with the best accounting standards.
The essential details of the business operations can be easily customized and tracked using cloud ERP. The information entered will be updated in all the relevant fields to ensure the recent and accurate data is recorded.
For the safety of important information, the ERP software is secured with strong SSL (Secure Sockets Layer) encryption that scrambles your data to prevent authorized parties from access it.
COVID-19 has changed the way businesses are running. Work from home become a new reality for many property managers. A cloud-based solution can help their property managers to work smoothly from their home without setting up servers. Data stored in the cloud is accessible everywhere and the virtual dashboard in the platform allows them to monitor business and team performance which is important during these COVID-19 critical times.
The future of business is open-ended with the cloud. Aspire’s Cloud real estate property management ERP solution called iEstate (on Oracle platform) has all the features to run your business efficiently and effectively. It is the perfect platform for managing commercial leasing, residential, and rental activities. Client-centric data like Leasing/Sales portals, CRM, Social & Marketing can be integrated with iEstate. It also allows agents to check on leasing status, payment plans, and collections.
Many clients consider iEstate as the most flexible Lease Property Management software for oracle ERP cloud with its salient features for property leasing such as:
- Property Master & Availability
- Customer invoice generation
- Leasing and Billing
- Lease termination & extension
- Fixed and Variable rent, Common Area charges
- Service Charges/ Billing- Utilities
- Flexible Payment schedules
- Price list management with history
- Collections, PDI- Pre delivery Inspection
- GIS-based Unit availability
- Information on Finance/ Mortgage options
- Sales Commissions – Salesmen and Brokers/ Agents
- GMap- Graphical systems integration
iEstate is SaaS (Software as a Service) enabled and has built-in integration with Oracle Sales Cloud, Service Cloud, Oracle Financials, Oracle Projects, and HCM. It is a comprehensive end-to-end Oracle ERP solution for real estate, leasing, and property management business.
Learn more about how iEstate – Real Estate Property Management ERP software Capterra can benefit your business. Talk to our experts!
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