Percent Rent Management
Virtual Premise automatically calculates,
processes and reconciles percent rent ─
saving you time and money.
Complex percent rent calculations can be a constant struggle for
retailers and restaurant companies. Manual processes cause
errors in payments and consume a tremendous amount of staff hours. With the VP Retail Edition™ and VP Restaurant Edition™ of the
Virtual Premise Global Real Estate Management Solution™, you can proactively manage critical dates and dollars for stores and restaurants.
- Automatically generate multiple breakpoint schedules
- Interface with existing POS and accounting systems
- Track exclusions and cap calculations
- Automatically calculate state rent taxes
- Automatically report sales to landlords by email or fax
- Generate one or multiple sales reports on demand
- Seamlessly handles accruals and payments
- Perform year-end reconciliations
Eliminate the complexity of managing the
entire retail and restaurant real estate lifecycle.
As an integral component to the VP Retail Edition and the
VP Restaurant Edition, enhanced percent rent functionality accommodates complex percent rent scenarios and can interface with your Point of Sale (POS) and accounting systems. The system accurately calculates and fulfills your percentage rent obligations and accounting tasks for all negotiated exclusions, breakpoints, and sales categories.
The VP solution organizes and displays all critical information related to percent rent, such as lease terms and calculations, in one place and in the same system. This presentation gives you the complete view you need to make informed business decisions related to your overall strategic goals, such as assessing the profitability of specific locations.
Virtual Premise Software Editions
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