Effectively Manage All Aspects Of Your Retail Operations

Evectively Manage All Aspects Of Your Retail Operations

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VP Retail Edition™ and VP Restaurant Edition™ Capabilities

Capabilities Supported by the Retail Edition

General Usability and Intuitiveness
Real Estate professionals are not IT professionals. For a system to be effective, therefore,
it must make sense to the people that have to use it! One of the biggest acclaims of the
Virtual Premise Global Real Estate Management System is its ease of use and ready-access to information. No longer are you required to look at a “green screen” or drill into ten pages of
data to get at the information you need. To learn more how Virtual Premise makes life easier
for you, please click here.
Lease Administration / Portfolio Management
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.
Percent Rent Management
Complex percent rent calculations can be a constant struggle for retailers and restaurant
companies. With the Virtual Premise Retail Edition and Restaurant 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
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.
Advanced Financial Functionality with Express Charge Entry
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.
Regulatory Compliance
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, and more. For more details on what this means to you and how Virtual Premise can help, click here.
Management Reporting
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.
Document Management
Leases, amendments, site maps, deeds – all of these are critical documents that must be
readily available when issues arise. With Virtual Premise’s integrated document management
system, you’re able to track, store and manage all of your real estate related documents and associate them with your real estate portfolio. For more details on how you can store scanned images, manage your electronic files and integrate with your organization’s content management system(s), click here.
Interdepartmental Collaboration
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.
Legal Support
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
“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.
Program Management
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.
Transaction / Deal Management
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.
Lease Abstraction, Review and Validation
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.