Offered directly from Sage.

Real Estate adds property management functionality to the Sage Intacct financial management toolkit.

The solution features a unique data structure that puts the lease document at the center of your workflow, making it flexible enough to accommodate virtually any lease agreement, including multiple leases per tenant, multiple units per lease, and multiple tenants per lease.
Real Estate easily adapts to unique lease clauses and calculations. This feature is particularly critical in the modern real estate landscape. With many companies looking to sublease space, it is important for landlords to track both the original lessee and the current occupant, with the ability to retain occupancy history indefinitely. Real Estate transforms your lease agreements from static legal documents to dynamic information generators.

Key Benefits:
Sage Intacct Real Estate provides a 360-degree view of your assets’ financial and operational information from a 100% cloud-based property management platform. Designed for both the commercial and residential real estate market, our software is easily adaptable and offers real-time information to cope with the current market changes. Plus, it features a unique data structure that puts the lease document at the center of your workflow, making it flexible enough to accommodate virtually any lease agreement.

Sage Intacct Real Estate will help you:

• Have the flexibility to accommodate a wide range of complex terms to maximize revenue
• Gain greater visibility and control over your portfolio and lease agreements
• Save time and reduce your errors by eliminating manual data duplication

Improve transparency and communication
Use customizable dashboards to gain deep insights on financial and operational data for your assets and create financial statements to keep stakeholders and property managers informed. Create automated reminders for tenant and property managers for critical events – like renewal options and lease expirations.

Gain flexibility and control
Sage Intacct Real Estate is a scalable solution that grows with your business, drives efficiency, and provides unmatched reporting functionality. Experience intuitive data entry that accommodates complex lease clauses, custom reporting features, and multiple invoicing templates with the ability to create your own reports.

Manage the complexities  
Manage multiple leases per tenant, multiple units per lease, or multiple tenants per lease in one system with real-time data. Automate management fee calculations as well as expense recoveries for common area maintenance and real estate taxes. Plus, you’ll never miss a revenue opportunity with easy-touse expense recoveries and reconciliations.

Reporting
Sage Intacct Real Estate offers flexible reporting solutions to keep all property stakeholders informed and on the same page.

Benefits for everyone.
No matter your role, Sage Intacct Real Estate offers deep insights into the financial and operational health of your assets — so you can capture revenue opportunities, monitor and communicate performance, increase property and portfolio value, and grow your business.

• Real estate owners and operators can increase the value of assets by capturing all revenue and monitoring spend, thereby increasing their net operating income.
• Executives get a scalable solution that can grow with their business, drive workforce efficiency with innovative technology, and provide unrivaled reporting capabilities for stakeholder communication — all for a lower total cost of ownership.
• Property managers gain access to a central repository for lease information and easy-to-build dashboards to track financial and operational metrics.
• Accounting teams benefit from the most exceptional accounting platform in the market, easier reporting, and best-in-class security.

Billing and fee collection
Use the Balance Forward Statement, Open Item Statement, Tenant Invoice, or create your own customized billing format with Sage Intacct Custom Report Writer. Also, tenants can pay online with integration to a variety of payment portals. Then track and administer unlimited recurring charges to be billed weekly, biweekly, monthly, quarterly, semiannually, or annually, with the ability to bill miscellaneous, nonrecurring charges at any time and retroactively bill unpaid charges resulting from recoverable expense reconciliation. Review and adjust amounts transferred from the general ledger to Real Estate prior to processing recoveries. Customize recoverable expenses and escalations based on last year’s actuals or next year’s budget, and then automatically apply stops, caps, and base year amounts. Late charges can be based on a percent, flat amount, formula, or a combination of all three.

Lease management
Stay on top of lease options with unlimited lease option tracking. Set up multiple leases per tenant, multiple units per lease, and multiple tenants per lease, with the ability to add unique provisions for each arrangement. You can even enter and edit future lease information as you receive it, then activate the lease at a later date.

Track pending move-ins and move-outs, and simplify lease start and termination, with user-defined checklists. Plus, Real Estate will automatically prorate all charges upon move in and move out, calculate interest on deposits and issue tenant 1099-INT, and reconcile final charges, credits, and deposits to send tenant refund information upon lease termination if applicable.

Real Estate also tracks other business-critical details such as property taxes paid, property valuations, tax exemptions, and pertinent insurance information on a property and lease.
Make property management easier than ever.

Requirements:

Integrating with this application requires you to use the SenderID designated by Sage. By using this SenderID, you do not need to buy a web services developer license from Sage and your API usage will not count towards your API performance tier. Sage may prevent customers from integrating with this application under a different SenderID.  Using this integration also requires that you purchase Sage Intacct Construction.

Price:
Module annually; additional named users annually

Integration Approved Countries:
Canada; United States