The Silver Real Estate Management packages includes the following components:
Lease management provides the ability to manage lease agreement with vendors, customers and internal cost centers. The contract imitates the physical paper lease agreement on the system, it tracks the duration of the lease, renewal and termination options, business partners (who is the customer or who is the vendor), all clauses, financial charges agreed on the lease and critical date reminders to assist with efficient management of the lease.
Financial accounting enables companies to generate financial statements such as balance sheets or profit and loss statements for reporting and analysis. Accounting includes General Ledger Accounts contains all of the company’s transaction data in a chart of accounts, accounts payable involves payments to the vendor and the management thereof, and accounts receivable manages the customer and the billing process etc.
Controlling supports processes to plan, report on, and monitor costs from business operations. Controlling is instrumental in improving the company’s profitability. Key functions within controlling is the Cost Elements that provides an overview of all the company’s costs and revenues based on profit and loss statements, Cost Centers deals with the costs associated with the company’s internal divisions or departments and the Profit Centers that handles all of the cost data related to the company’s business lines.
Functionality that provides full end-to-end performance tracking across tiers, while maintaining the performance history. User specific data sets are used for reporting purposes and it also includes mass processing tools.
Customers, vendors and service providers are all created as partners. These partners are used in accounts payable and accounts receivable to process financial transactions. Business partners have the functionality to contain all partners details, banking details, communication method and address.
The design includes four roles. The access and authorization will be used as a security check as well as segregation of duty. The segregation of duty forms part of the audit generals’ criteria thus best practice dictates multiple roles for creation and approval.
Over 200 standard reporting’s are part of the Bronze package. This includes reports from real estate to financial management.
DMS is used to manage business documents, this importance of document management to a day to day business operations plays a key role. Below are the benefits for document management system:
• Check-in / check out functionality
• Search document facility
• Linking of the documents to other objects
• Version management