Software Capabilities Supported by
the VP Retail Edition™
Administering and managing a multi-location portfolio is not easy. With owned properties, leased locations and sub-lease tenants, there is a lot of information that must be tracked and proactively managed to not only avoid costs, but to optimize the utilization of real estate for the enterprise. For more information on Virtual Premise’s Lease Administration / Portfolio Management features, click here.
Leading retail companies rely on strategy and analytics to help them make the best portfolio decisions regarding market expansion, ongoing real estate management and portfolio optimization. The Strategy and Analytics module is the engine that combines store performance metrics, shopping center statistics, occupancy costs, emerging real estate opportunities and lease options with data from other critical business systems into actionable information. Click here to learn more about this powerful analytical component of the VP Retail Edition.
Complex percent rent calculations can be a constant struggle for retailers and restaurant companies. With the Virtual Premise Retail Edition, you can proactively manage critical dates and dollars for stores and restaurants. VP's enhanced percent rent functionality accommodates complex percent rent scenarios and can interface with your Point of Sale (POS) and accounting systems. For more information on Virtual Premise's Percent Rent Management features, click here.
Real estate accounting is a very unique subset of corporate accounting. This uniqueness is defined by a long list of specialized accounting, reporting and regulatory needs that are not readily provided for in corporate accounting systems. The Virtual Premise Global Real Estate Management System promotes better corporate accounting practices because it translates the uniqueness of real estate accounting into the language of traditional accounting. This allows the organization to mitigate compliance issues, simplify real estate accounting practices and meet regulatory reporting requirements. Click here to find out how Virtual Premise can support your company’s real estate accounting needs.
As part Virtual Premises's Portfolio Module, advanced financial functionality bridges the gap between your ERP/Accounting system and the lease administration and accounting needs of the real estate department. Our Express Charge Entry features enable users to make lease based charge entries easily, quickly and accurately. For more details, click here.
The all important and ever changing world of regulatory compliance is complicated. Virtual Premise offers a solution that allows the corporate real estate group help the enterprise stay SOX compliant, meet GAAP / SEC reporting needs, the anticipated FASB lease accounting changes, and more. For more details on what this means to you and how Virtual Premise can help, click here.
When reporting to the CFO, COO, CEO, and others, access to and analysis of real estate data is critical. The Virtual Premise Global Real Estate Management System is second to none when it comes to putting critical data at your fingertips via searching, reporting and dashboard views – Virtual Premise gives you the information you need when you want it. Please click here for more details on how Virtual Premise meets your reporting needs.
Real estate is integrally involved with the operations of any organization. With Virtual Premise’s web-based platform and its unlimited user licensing model, it’s easy and cost-effective to open it up to other groups that need access to critical real estate information. Often times, other groups track additional information for their business needs within the Virtual Premise Global Real Estate Management System because it is so configurable and easy to use. For more information on how your real estate group can be more integrated with the rest of your organization, click here.
Most lease administration systems are solely designed for lease administration and real estate accounting professionals. With its lease and location-centric perspective, legal professionals find the Virtual Premise Global Real Estate Management System to be a very effective tool to track legal provisions associated with their owned and leased portfolio, report and search on critical data and store important legal documents. To learn how companies are using Virtual Premise to support their legal groups, please click here.
“Project management” may mean different things to different people. When it comes to managing projects for a multi-location, multi-faceted organization, Virtual Premise elevates project management to the enterprise level by focusing on what you need to know at a high-level. Please click here to find out how the Virtual Premise Global Real Estate Management System provides milestone tracking, summary expense information, collaboration and more to support your project management needs.
Large programs that consist of many projects with a multitude of information require a unique form of project tracking. With the Virtual Premise Global Real Estate Management System, organizations are able to replicate a standardized process across multiple projects, roll up cost accounting / budget information from external systems and provided a top level view of the program with having to “get into the weeds” of the individual projects. To learn more how Virtual Premise can do this while making the supporting data readily available, click here.
In a recent survey, the Virtual Premise Global Real Estate Management System was found to be the most-used system for transaction management on the market. This is due to its ease of use, configurability and robust reporting capabilities and to the importance transaction management plays within any corporation. On average, there is transactional activity associated with more than 20% of a real estate portfolio every year. It is paramount, therefore, to track and monitor this activity because it affects the future of your organization. Whether you manage your real estate transactions internally or through a third-party service provider, click here to find out how Virtual Premise can help with your transaction and deal management needs.
Accuracy is absolutely critical to every organization as real estate data impacts corporate expenses, legal obligations, regulatory filings, and even revenue. When it comes to keeping your data accurate, it is important to start with a good foundation, conduct ongoing data maintenance and perform periodic reviews to make sure that the corporation is not adversely affected and that your real estate portfolio is optimized. No matter what condition your real estate data is in, Virtual Premise can help – please click here for details.