In the real estate property business, mistakes are costly. So why you should take a risk? I recommend choosing safe and secure way of managing when mistakes are more an exception than the rule. Microsoft Dynamics property management software surely works as a protection of any possible mistakes and gives you an opportunity to make your business more profitable, effective, and productive. Still hesitating if its worth a try? Today I will underline some most important features of the software.
Smoother Microsoft Dynamics project management
Let me start with advantages of the Microsoft Dynamics property management software that streamline your company’s work.
Firstly, you can use this software for all property management tasks – from contract creation to tenant invoicing. Save time creating lease contracts on your branded templates with all the contract data filled in automatically, set up various pricing rules, add multiple services or lease units to one contract, set reminders on contract expiration date. There will be nothing to remember anymore because system informs about important events, deadlines, lease contracts’ termination dates.
Secondly, Microsoft Dynamics project management features lets you work with tenants efficiently. Using software, you can store all the tenant related data in a one place including company information, contact information, personal data (as per GDPR requirements), bank accounts. Also, system lets you track due invoices, debts, and payments, so tenants will not easily get away without paying a monthly fee.
Thirdly, system increases administrative productivity and reduces operational costs. Basically, it does all the technical work itself and you can save time because of the automated processes and increased work performance. One of the business owners most valued advantage is ability to track, analyze and measure all sales team performance throughout the sales cycle that lets determine areas for improvement. It gives a clear overview on sales team workload during a specific period of time and helps you to prioritize activities and allocate resources. Also, you can use communication history and email tracking functionality to keep track of all communication between salespeople and clients in order to get a better understanding as to whether certain deals need special attention and what actions are needed to close more sales. Microsoft Dynamics project management system makes your work simpler.
Use Microsoft Dynamics 365 for finance and operations
Smooth financial management is basis to successful property management, so I would say that one of the most important features of Microsoft Dynamics property management software is rich financial functionality. With it you can efficiently manage your general ledger, payables, receivables, inventory, analytical accounting, fixed assets, and cash flow, in addition to performing bank reconciliations and collections.
Moreover, Microsoft Dynamics 365 for finance and operations is even extended with functions that handle the needs of property management companies. For example, it lets you manage your financial processes across multiple currencies, locations, or companies.
I promise that with this software you will get complete control on your daily financial operations and benefit from integrated financial accounting. Do everything from creating complete building, unit, lease, and tenant records to invoice your clients and manage overdue debts.
Well, I must mention that not only you will feel benefits of Microsoft Dynamics 365 for finance and operations. You tenants will be secured with the fastest and the securest payment method.
More productive real estate management
It is true that real estate management takes lots of time and demands effort. But trust me, Microsoft Dynamics property management software changes even this. With all important information stored in one place you will not have to remember every little detail anymore. Lease unit management feature of the software allows for the creation of a multilevel unit structure where it is possible to have building, floor, and unit data, or create even more levels as per your business. Here you can keep track of unit area changes, add assets to units, and upload pictures or floor maps. If your employee is searching for some particular data, he will find everything here too, you can give him a permission to view, change, delete or upload information.
Also, at the same time Microsoft Dynamics property management software helps to plan maintenance work. Using system features you can assign tasks to another person in charge or create a schedule for such works as assets inspection, elevator checks and ensure your properties are always in optimal condition. Beside this it controls maintenance and facilities fees such as heating fees, electricity fees, security fees etc. based on the meter readings. Save time and money while keeping your real estate management skills on top.