Lease Portfolio 365 is a Cloud-based SaaS-model Property Management software that simplifies the end-to-end process of Lease portfolio administration.
It enhances the workflow by handling documentation, supporting data abstraction, report generation, accounting, invoicing, billing, tracking, and sending notifications/alerts in a systematic order.
LP365 is a customizable software that caters to customers' needs and ensures productivity in the ever-changing dynamic marketplace.
RECAM Solutions - The Company
We, RECAM Solutions, are based in Chennai, India. We have been a 'Solution and Service' based company since 2018 having expertise in Commercial Real Estate Domain.
Our Team provides specialized services to our esteemed customers in segments like Lease Abstraction, Lease Audit and Validation, Lease Translations, Contract Management and Administration services. We are the peers in the Translation of Tier 1, Tier 2 and Tier 3 languages. We have excelled 100% standard of Translation Quality throughout our deliverables.
Our Lease team, including middle and top management with SMEs (Subject Matter Experts) have 15+ years of in-depth experience in the Lease Abstraction process.
It is a multitasking software that assists the accounts, finance, legal, and admin teams in a workspace.
In addition, Lease Portfolio 365 provides a dedicated support service to resolve any queries and to manage the portfolio in the best shape always.
Process
Once a client is onboarded, the key financial & accounting information is abstracted from the lease agreements by our support team. Our expert team has around 15+ years of technical expertise and we ensure the amendments and further new stores document abstraction will be taken care on time.
Services Offered By Lease Portfolio 365:
Rental Management
A portfolio comprises Rental/Lease data that needs sorting. Lease Portfolio 365 helps with actual rental data management.
Furthermore, in rental management, LP365 also supports storing lease documents and agreements online in a cloud repository, keeping track of the rental expenses month-wise, generating reports, and so forth.
Maintenance Expense Management
Property maintenance is managed by the Lessee or Lessor, depending upon the type of maintenance involved. The lessee's and the lessor's lease agreement includes a maintenance clause that specifies each one's responsibilities.
The maintenance of a leased property can be challenging to take into account. It consists of taking care of emergency maintenance needs and seasonal and regular requirements.
LP365 aids with every expense management related to maintenance clause and keeps you updated.
Utility Expense Management
Electricity, Water, and the common area are some of the utilities in property management. Managing utilities for the several properties in the portfolio can be challenging.
Hence, Lease Portfolio 365 offers a comprehensive system that enables controlling of all the expenses spent for utilities across the properties in different locations.
Notifications Management
When managing an extensive lease portfolio, it is strenuous to keep track of all the rent payments and significant dates on the lease.
Lease Portfolio 365 enables Automated email triggers for specific users for various alerts and notifications for Renewals, Terminations, Security deposits and other options. It helps the property managers to keep up with all the deadlines.
Distinctive Features of Lease Portfolio 365
Determining the Property Location using Geo Coding
Lease Portfolio 365 can effortlessly determine any property's location and help us to understand things like the population density that might benefit the business. Geocoding technology is used to precisely locate the various properties listed in the portfolio. We can decode every property with an image along with their address.
API Integration
LP365 is easily integrable with any existing work environment.It enables the seamless incorporation of an existing ERP application specific to Legal, Admin, Accounts, or Finance through API.
Financial Report Generation
Data abstraction results in filtered data, with which the LP365 generates reports. It provides inputs on various aspects of the business like the Lease Type, Renewals, Terminations, Escalations, etc.
Remembering the condition and status of the different properties of a lease portfolio might be difficult. Hence these reports help understand the current scenario of each property in a short period. It thus facilitates the Lessee or the Lessor with better control over their portfolio.
Assists in Accounting Standard Compliance
It is becoming important and mandatory for a company to be accounting standard compliant to have a good reputation in the marketplace. We can alter the content accordingly.
With customizable and versatile report generation possibilities, LP365 assists a company to fulfil the accounting standards.
Conclusion
Lease Portfolio 365 aids you in every way possible to simplify your lease administration process. It enables customization based on the customer's wish and is a user-friendly software that caters to every requirement of customers.
Check out our website, LP365, to know more about our services or to book a free demo.