Offline Financial Approval
Virtual Premise Offline Financial Approval allows you the ability to quickly review and approve payments each month with having to be the Chief Financial Officer.
In any given month, companies may have large numbers of charges to approve and submit for payment. Typically, it does not synch well with other internal process and procedures, needs additional information to support approval and is hamstrung by a financial software system not built for corporate real estate. Virtual Premise’s Offline Financial Approval provides a secure, role-based method for reviewing charges, adjusted, approved or rejected, and submitted for your company’s purposes.
Using the Virtual Premise platform for Offline Content Editing, you can download your choice of leases, charges and variance information to Microsoft Excel. Use of Excel functionality easily allows you to sort, perform analysis, and mark approvals more quickly, even while disconnected from the Internet. Upon completion, just upload your changes back to Virtual Premise. Additionally, this functionality uses Virtual Premise’s E-mail notification system, allowing you to send or receive an email or change report when processing is complete.
As with Offline Content Editing, Administrators will appreciate the ability to cancel downloads and unlock downloaded records. And, this is all backed up with reporting that shows history, by person and activity, which provides solid footing for the challenges in a Sarbanes-Oxley environment.
Key Features
- Customized templates for downloading and uploading data in Microsoft Excel
- Update unlimited records at one time
- ”Checked out” data is locked until released
- Virtual Premise security ensures that users can only download data they have access to
- Activity reports by all records or single files
- Notifications to administrators or stakeholders about locked, unattended and changed files
With Offline Financial Approval, you can take back control of your real estate financial information. For purchase information, please contact a sales representative. To learn how these features are used in specific Virtual Premise Software Editions, follow the links below:
Virtual Premise Software Editions
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