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#1 Ranked Leasing and Real Estate Management Software for Corporations & Corporate Legal Departments

#1 Ranked Leasing and Real Estate Management Software for Corporations & Corporate Legal Departments

Published on : 03/05/2020 03 May May 05 2020

LEGAL SUITE, RANKED # 1 LEADING REAL ESTATE MANAGEMENT SOFTWARE

Real estate is among the industries most influenced by this past decade socio-economic mutations. Stakeholders are facing challenges in both performance and appeal. On one hand, real estate and property managers are struggling to maximize the value of financial assets and maintain high tenant retention rates. On the other hand, they are challenged by the rationalization of expenditures and the ever-increasing rent, fees and expenses. Operational Strategy firm, Akeance Consulting, focused on the topic by conducting a study published in June 2014. We deliver its preliminary findings.

Real estate specialists at Akeance Consulting, focused on the latter in order to highlight the reality of increasing real estate expenses, define key issues faced by real-estate players and study how companies cope with those concerned. In the June 2014 study, “The property charges' management challenge” conducted in France, Belgium and Luxembourg, Akeance Consulting brings to the forefront the importance of using dedicated information systems for ensuring operational efficiency.

Real estate professionals deal with multiple tasks, from managing large amounts of data and piles of leases, orders, and invoices, not to mention differing skill set requirements. In order to handle the complexity ofproperty management, real estate leaders have been organizing and equipping their organization with real property information systems. In fact, when addressing the means used by respondents to manage real estate expenses, control transparency and improve performance, the study highlights the use of technology solutions as the main method to do so. The study also notes that more than two thirds of lessors, property managers and users believe information solutions as key in assisting with their job function.

In the geographical area of ​​the study, Akeance Consulting points out that the leading tool, Legal Suite, is used by 20% of all respondents. In France, Legal Suite is tied with internally developed tools, with 27% using the real estate application.

The vast majority of land and property managers express overall satisfaction with their technology solution regarding management of real estate expenses. However, users expressed the need for evolution for both internal and external solutions, to allow further financial management tasks such as tracking real estate costs and monitoring legitimacy of billing.

Overview of Legal Suite's Real Estate module:

When it comes to challenges faced by real estate professionals, Legal Suite responds with its Real Estate application, in existence since the early 2000s. It guarantees a complete overview of the organization's real estate and rental assets and while offering a management tool that is not only easy-to-use, but also comprehensive and effective. Whether it is industrial, commercial or residential assets, whether you are the lessor or the lessee; the application tracks and keeps in real time all information connected with the inventory and the management of your real estate portfolio.

Key benefits:

Create an inventory of all your immovable property and visualize them on an interactive map.
Follow the legal aspects of a lease (key clauses, upcoming dates and deadlines, amendments…).
Monitor financial performance (of rent receipts, rent indexing, security deposits, fees and taxes…).
Manage related day-to-day operations (mandatory inspections, renovations, construction…).
Refine your understanding of your portfolio with an advanced search engine and customizable search and reporting.

History

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