Contracts 365 for Real Estate Management is the leading contract management solution built for real estate management and real estate investment firms looking to accelerate digital transformation across what is often a decentralized business model. This industry-specific solution leverages the full breadth and depth of Contracts 365 coupled with new data, processing, and integration features specifically focused on real estate management and investment firms. It has been shaped by real-world feedback from Contracts 365 Property Management customers.
With Contracts 365 For Real Estate, companies are able to easily manage a comprehensive collection of contracts to support Construction Services, Leasing, Corporate Agreements, Service Agreements, General Contracting Agreements, and of course Property specific contracts. As necessary, this contract list can be expanded (or contracted) based upon your organization's particular preferences.
In addition to the core contract management features offered in Contracts 365, our solution for real estate management offers the following industry-specific advantages:
Contracts 365 for Real Estate Management allows for contracts to be managed at the Corporate level as well as at the Property level. Based upon the nature of the contract, it will often have different characteristics that influence how it is created, negotiated, stored, approved, renewed and enforced via compliance requirements.
The two common "Pillars" of information typically consist of the "Contract Record" and the
"Counterparty Record". This includes contract documents, obligations, email communications, contract tasks and other related information. All of this information typically centers or pivots around both the contract record and the counterparty. With the Contracts 365 for Real Estate Management, Contracts 365 is extended with the introduction of the Property Pillar. The Property Pillar will contain a rich set of information regarding the Property which can be used to more effectively manage key aspects of the Property's contracts. Contracts and counterparties along with all of the subordinate data should be viewable within the context of a Property. This allows for select and secured users to easily find Properties and see all of the related information.
Contracts 365 for Real Estate Management introduces a standard set of risk analysis tools to ensure that the appropriate level of information and visibility is available for managing key risk factors such as upcoming expirations, exception-based clauses/language, obligations and other information which is associated at the Counterparty, Contract or Property Level.
With Properties serving as the key asset for most Real Estate Companies, a streamlined approach is needed to prepare for the acquisition and sale of the Property. With regard to the impact on contracts, there is a need to easily load up the contracts related to the Property to be acquired and likewise, there is a need to easily compile all contracts for an existing portfolio Property for the buyer. In both scenarios, the formality associated with performing due diligence reviews is important and a process for supporting these activities is of equal importance.
Contracts 365 for Real Estate Management is designed to integrate with leading property management software solutions including Yardi, MRI, Real Page, and others.