Site Selection / Deal Comparison
IWMS with Specialized requirements for Site Selection / Deal Comparison
A unique feature of Virtual Premise Global Real Estate Management System™ is the ability to configure the system to meet highly specialized requirements. One frequently requested and highly used configuration is our Site Selection and Deal Tracking functionality. Although similar in their functionality, the purpose and use of each is quite different.
Site Selection
Evaluating sites is a capability most corporations expect from their real estate departments, whether it’s a need to locate stores, corporate headquarters, offices, or industrial facilities. With Virtual Premise you can capture detailed information on each potential site and then create a comparison report that compares each option, side-by-side. The information you collect can be highly specific to your company which means the quality of that information and relevance to your selection process is significantly better. Information typically captured in a Site Selection form is similar to that of a Lease Abstract, but can also include other information such as:
- Net Present Value (NPV) Calculations.
- Property Photographs
- Unique Business Logic (Automated site scoring using your business logic)
- Automated Site Scoring. Allow Virtual Premise to “Score” your sites using your own selection methodology (typically based on historical experience). This helps reduce subjective
evaluations and improves consistency
Deal Comparison
Although similar in its function to the Site Selection feature, Deal Comparison allows you to capture and store information about the deal negotiating process. This lets you see the difference between the “Original Offer” and the “Final Deal” and then report on the savings and/or benefits you derived throughout the negotiations.
To learn how these Site Selection features are used in specific Virtual Premise Software Editions, follow the links below:
Virtual Premise Software Editions
|
