The Need to be Efficient Across Your Entire Real Estate Operation Has Never Been More Critical

To maximize the contribution that the real estate department makes to the retail company, the entire real estate portfolio must be managed at peak efficiency. There is great opportunity in this area to make a significant impact on your company’s ability to reach its business goals, and this need will only increase in the future. Gone are the days when we only have to tighten our belts for a few financial quarters. To stay viable in the new economic environment, retailers have realized that effective real estate asset management has become a competitive weapon that can fuel revenue, market presence and goal achievement. Managing real estate operations at peak efficiency must become the norm to ensure:

• Real estate costs are reduced
• Leases are managed effectively
• Landlord and developer relationships are managed

With the VP Retail Edition, you no longer need to struggle with information limited to individual departments with no integration of data between silos. Internal and external players are connected reducing vulnerability to real estate errors, particularly in the day-to-day operations of portfolio management and lease administration. VP Retail Edition is the optimum solution that establishes automatic alerts for dated, time-sensitive lease provisions and connects all the various team members who need to respond.

Each individual executive and every department involved in managing real estate operations brings critical information to the table and, with the VP Retail Edition, you get the ability to quickly summarize critical portfolio data that can dramatically drive cost-saving decisions for your company. The retail real estate department can become an efficient organization that eliminates information silos, stays within budget and corporate efficiency mandates, better manages its existing portfolio, maintains better asset lifecycle information and leverages all available lease terms to their advantage. With industry embedded best practices that help you establish or improve existing processes, you can:

• Prepare for the upcoming FASB changes to lease accounting rules
• Integrate sales and cost date to review stores that are off target
• Review quickly market, store, and co-tenancy performance
• See detailed information about every center and store to flag potential issues
• Maximize the benefits of negotiating with landlords and developers
• Capitalize on lease term opportunities
• Meet goals for managing critical dates and costs
• Implement or revitalize document management processes
• Capture in one system all critical location and lease information
• Improve real estate information management to support reporting and auditing requirements
• Support accounting and finance functions including AP/AR data updates, charge approvals, submissions/bookings, percent rent payments, CAM audits and budgeting
• Ensure on-time, on-budget completion of real estate transactions