Property Management System (PMS)

Property management is a critical aspect of any business or organization that deals with real estate. It involves the oversight of properties, tenants, leases, and various maintenance and operational aspects. To efficiently manage all these components, businesses need a comprehensive software solution. Reachware explores the property management module for Oracle NetSuite, a powerful tool designed to simplify property management processes.

What is the Property Management System?

Efficient property management is crucial for businesses, property owners, and real estate agencies. It ensures that properties are utilized effectively, leases are managed efficiently, and maintenance is performed proactively. In a competitive real estate market, effective property management can be a differentiator, leading to higher tenant satisfaction and better business outcomes.

It helps accountants to track available properties for rent/sale, revenue management, renewal of properties and receipts from customers. And also easily accountant will tag the maintenance cost for the properties. This will perform real time transactions and reports.

One of the most significant advantages of using this module is its native integration with the core NetSuite platform. This integration allows for real-time access to financial data, customer information, and more, ensuring that property management decisions are based on the most up-to-date information.

Key Benefits of (PMS)

• Enhanced asset utilization with comprehensive visibility into all properties.
• Simplified billing with unified invoicing for entire contracts and seamless monthly revenue recognition.
• Streamlined Operations (Easily track and manage the entire life cycle of property.
• Effortlessly manage the complete tenant lifecycle, from opportunity identification to tenancy contract creation.
• Automatic property contract renewals to streamline administrative tasks.
• Additional validations for lease and grace periods for each contract
• Automated email alerts for property status updates and recurring invoices, ensuring timely communication.
• Consolidated financial view for in-depth property analysis and strategic decision-making.
• Real-time dashboards empower managers with valuable insights to optimize sales, drive renewals, and exceed customer expectations.

Key Features

• Total Visibility
• Revenue Recognition
• Email Notification
• Auto Property Contract renewals
• Easy to find the maximum amount of nettable
• Manage the Entire Life Cycle of a Tenant
• Consolidated Financials View
• Real-time Dashboards

Reachware

Reachware is an integration platform in which many individual subsystems are combined into a single, larger system allowing the subsystems to work together. Reachware allows any SaaS systems such as NetSuite, Revel, Vend, Xero, Magento, Zed, Qoyod, Shiji PMS, or any other product to achieve the overall functionality required by the organization.

In most organizations there is a need to improve the efficiency and thus the productivity and quality of their operations, so their goal is usually to get the different applications and systems to communicate with each other to avoid the time and effort involved in manually operation with other systems of the organization. With Reachware, organization will see increased information flow speeds and higher process automation as well as lower operating costs.