Commercial Property Management Software


Commercial Property Management Software

Over the last 9 years we've helped 216,663 companies choose the right software by sharing our extensive research on over 1,341 software systems. How does it work?


Showing 1–10 of 15 software systems

 

Commercial property management for retail, industrial and office space have needs distinct from residential properties. Solutions for commercial management helps users create detailed financial projections, automatically calculate rent increases, create recurring charges for each tenant and calculate common area management (CAM) charges and reconciliation, among other things.

When conducting a software comparison, you can visit our commercial property management reviews page. You should also consider the following features:

Property tracking

Enables you to manage multiple addresses categorized by individual unit as well as by complex or region.

Integrated Accounting

Commercial property management accounting software integrates general ledger, accounts payable and receivable, expense tracking, balance sheets, income statements and payroll management to let you better manage every aspect of your company’s finances. It can also automate rent and deposit collection, late fee notices and payroll functions.

Fixed Asset Management

 

Lets you track the status of your assets so you know how and when they’ll depreciate and can manage their overall value accordingly.

Budgeting and Forecasting 

Supports budgeting and financial forecasts by calculating income, valuation, expenses and other financial considerations.

Maintenance Tracking

Keeps records of regular maintenance schedules, and features automatic alerts to notify managers when scheduled or upcoming maintenance tasks are due.

Case Studies

Viewing a list of software features can be helpful, but the real question is how these features can make a tangible difference when it comes to managing and growing your company. To that end, we’ve compiled a snapshot of three case studies that explore how a particular feature within commercial property management software systems has helped a company effectively solve a pressing need or problem.

Integrated management and accounting applications increase worker productivity and reduce mistakes.
Utilizing the integrated management and accounting applications offered by commercial property management programs like Total Management means data only has to be entered into a single system. This can help increase productivity and enable staff to devote more time to revenue-producing activities.

Prior to switching to Total Management, Park Lane Group was using two separate systems to handle their management and accounting needs. With Total Management, they no longer have to complete double entries and have reduced costly data entry errors. Additionally, they were able to generate comprehensive accounting reports that uncovered a $10,000 rent-receivables bill owed to them.

Source: http://www.totalmanagement.com/customer-satisfaction

Electronic work orders eliminate paperwork and costly errors.
Using an electronic work order feature, like the one found in Bigfoot Maintenance’s commercial real estate management software, eliminates the need for unwieldy paperwork and can thus increase productivity. Standardized forms and tracking abilities can reduce costly, time-consuming errors.

University of Connecticut Health Center Telecommunications (UCHC TeleComm) is responsible for the network and telecom maintenance of a campus that spans 206 acres and has over 7,000 voice stations and 170,000 square feet of research laboratories. Previously, they struggled to process 400-plus work orders per month via an outdated method of email and Microsoft Word templates that left them overwhelmed with paperwork and prone to duplicate work orders.

Bigfoot’s integrated electronic work order component has led to a significant drop in duplicate work orders and a 15 percent increase in productivity. Comprehensive reporting capabilities enable UCHC TeleComm staff to submit monthly reports that detail their current projects and the progress they’ve made.

Source: http://www.bigfootcmms.com/customers/profiles_uconn.html

Sample Bigfoot Work Order Module
An example of Bigfoot’s maintenance request module.


Industry-specific accounting reduces time spent calculating monthly figures.
A comprehensive and commercial-oriented accounting application, such as that found in Sage 300, can drastically reduce the amount of time spent calculating figures at the end of each month and thereby boost efficiency.

Prior to switching to Sage 300, McGrath Development used spreadsheets to manage the accounting needs for one million square feet in properties, which proved inefficient--calculating their reconciliations and month-end close took nearly to four weeks to complete. Sage 300’s accounting application has made this process faster and easier, shortening it to two and a half to three weeks and freeing up valuable time for other essential tasks.

Source: http://na.sage.com/sage-300-construction-and-real-estate/resources/~/media/AF0B38340D574057AEF1614754075F52.pdf

Advice from Our Advisors

Who are Our Advisors?

Our team of 30 advisors have reviewed over 1,341 software systems and helped 216,663 companies choose the right software. This dedicated team of unbiased experts can help you determine which software is right for your business, and fulfill your requests for software pricing, demonstrations and market research.

Need some help?

Get expert advice from one of our software advisors: (888) 918-2747

Who is Software Advice?

Software Advice is a trusted resource for software buyers. Our website provides detailed reviews, comparisons and research to help organizations choose the right software. Meanwhile, the company's team of software advisors provide free telephone consultations to help each software buyer identify systems that best fit their needs.

Software Advice has been seen in:

 

How it Works

Software Advice matches software buyers with vendors that can meet their needs.

We're able to offer this service to buyers for free, because software vendors pay us on a "pay-per-lead" basis. Buyers get great advice. Sellers get great referrals.

Get expert advice from one of our software advisors:
(888) 918-2747

Software Advice matches software buyers with vendors that can meet their needs.

We're able to offer this service to buyers for free, because software vendors pay us on a "pay-per-lead" basis. Buyers get great advice. Sellers get great referrals.

Get expert advice from one of our software advisors:
(888) 918-2747

Software Advice matches software buyers with vendors that can meet their needs.

We're able to offer this service to buyers for free, because software vendors pay us on a "pay-per-lead" basis. Buyers get great advice. Sellers get great referrals.

Get expert advice from one of our software advisors:
(888) 918-2747
×