NetSuite Property Management Solution

Manage properties, units, and tenants with ease using the power of NetSuite.

NetSuite Property Management Solution

Folio3’s proprietary Property Management Solution within Oracle NetSuite is a scalable platform that streamlines the most common processes such as property creation, tenant management, contract creation, rent collection, and revenue recognition for Real Estate businesses. As the property solution is deployed within NetSuite, businesses can leverage the strong ERP features encompassing all aspects of business operations.

Comprehensive Dashboards

Our NetSuite Real Estate Solution offers rich dashboard portlets ranging from trend graphs to lists and analytics.

Specific dashboards for property management include:

  • Property Status
  • Highest bid against the unit
  • Matured PDCs
  • Contracts Expiration
  • Income/Expense/Cashflows

Property Creation

Easily create and set up properties/units in NetSuite and define specific features.

When creating properties/units you can:

  • Define address
  • Define property type
  • Attach pictures
  • Define whether it is owned/leased

Defining individual units you can :

  • Linking subsidiary
  • Intended purpose
  • Property Type
  • Other Regulatory Information
  • Unit Features

Lead to Tenant Cycle

Easily track and manage the entire life cycle of a tenant, from the moment of identifying an opportunity to the creation of a tenancy contract. With real-time dashboards, sales reps and managers gain better insight to sell, upsell, drive renewals, and properly set customer expectations.

With CRM functionalities you can:

  • Manage tenant lifecycle
  • Define routing rules for agents based on the type of properties or locations
  • Document & communication management
  • Key performance indicators for sales agents

Contract Creation

Simplified Creation and maintenance of tenancy contracts using Property Management in NetSuite. The contract screen contains all fields which comply with local real estate regulations ensuring no information is missed out. When creating a Tenancy Contract you can:

  • Fill in all information as per local real estate requirements
  • Attach documents
  • Initiate invoicing by one click

Cheque Management

NetSuite allows you to record current and post-dated checks against a tenant. All post-dated checks which become due can be easily monitored via dashboards.

Facility Management

Our Property Management solution comes equipped with Facility Management functions, which allows for support/maintenance tickets to be created, tracked, and managed. Tasks can be assigned to maintenance teams and live progress can be viewed.

Communication between tenant and support team can be tracked to ensure effective tenant support. Maintenance tickets against contracts can be monitored for analysis of units.

Finance & Accounting

NetSuite Financial Module lies at the center of the platform and links all property management transactions to accounting books. These transactions form the basis of in-depth and accurate financial reporting.

Reach out to us for your NetSuite Project. We offer an hour of free consultation to help you get the answers you need.