Simplicity® Real Estate
Your Ultimate Partner in Real Estate Management. Imagine having a highly organized assistant that handles everything seamlessly.
Simplicity® Real Estate (RE) Solution
Enabling the real estate sector to achieve more
Financial Management Suite
General Ledger
Receivables Management
Payables Management
Budget Management
Fixed Asset Management
Financial Compilation
Customer Relationship Management
Customer 360
Prospecting Management
Helpdesk Case Management
Service Quality Management
Tenancy Management
Space Management
Lease Management
Arrears Management
Gross Turn-Over Management
Clause Management
Building Asset Management
Asset Management
Maintenance & Field Service
Safety Management
Failure Analysis
Decision Support
Digital Twin
Pinboard
Spreadsheet Reporting
GIS Analytics
Utilities Management
Meter Data Management
Pricing Management
Contract Lifecycle Management
Billing & Accounting
Supply Chain Management
Vendor 360
Inventory Management
Procurement Management
Contract Management
Shared Resources Management
Resource Management
Bookings Management
Visitor Management
Parking Management
Lot Management
Allotment Lifecycle & Billing
Garage Operations
Application Configuration
Report Writer
Workflow Designer
Language Pack Editor
Data Migration Toolbox
Simplicity® Real Estate (RE) Solution
Effective management of commercial real estate operations has become more demanding and deviously difficult over the past decade:
• asset portfolios have grown much larger;
• accounting standards (IFRS) and statutory reporting requirements have gotten more complex and resource intensive;
• markets have become more dynamic; and
• competition much more innovative and aggressive.
You simply cannot excel without fully digitalizing and automating your operations.
Simplicity® Real Estate (RE) Solution provides workflow-driven end-to-end automation and advanced big data analytics for your rental, finance and property management operations.
Scalable to tens of thousands of properties and millions of lease contracts, covering land, office, retail, industrial, logistics, self-storage, data center and rental housing assets, Simplicity® RE is incredibly simple to implement and easy to use, yet supremely flexible and configurable to adapt to your unique business needs.
Simplicity® RE is the most comprehensive, sophisticated and powerful software platform to manage the operations of your commercial real estate portfolio. This is not a hyperbole! No software in the global market approaches half of what Simplicity® can offer to you.
With more than 10,000 unique functions as well as powerful workflow and reporting capabilities, Simplicity® RE
• removes all of your paperwork,
• enforces corporate governance, and
• easily automates more than 85% of your business processes and 100% of your reporting.
Free your precious manpower to focus on what machines cannot do as well: informed strategic planning and decision making.
Simplicity® RE is the product of choice for leaders in the commercial real estate industry in Asia, including CapitaLand, CP Lotus’s, Allgreen Properties, City Development, Changi Airport Group, Keppel Land and Paragon REIT.
Real Estate Industry Challenges
The commercial real estate markets in Asia and Oceania, especially in financial centers such as Singapore, Hong Kong, Shanghai, Tokyo and Sydney, are the most sophisticated in the world and boast the highest asset value and operational yield.
Four out of the world’s top eight real estate investment trust (REIT) markets are in Asia and Oceania (Japan, Australia, Singapore and Hong Kong).
Due to the high urban concentration of real estate value and very competitive markets, it is not easy to run real estate operations effectively and efficiently. The common and recurring challenges that large real estate players face are:
Dynamic Market
Fast evolving customer demographics and market needs introduce difficulties for:
• Space and tenant mix planning
• Marketing campaigns
• Pricing models
Revenue Assurance
Billing is complex
• Many variations of billing models, especially for retail and residential leases
• Complex accounting treatment due to IFRS
Corporate Governance
Pressure to deliver yield means low levels of supervisory staffing and many opportunities for control lapses:
• Lease offers
• Discounts and Gifts
• Payment waivers
Complex Reporting
Reporting challenges:
• Vast transactional data volumes
• Duty to submit accurate and timely financial reports.
• Maintain reliable and up-to-date data for optimal decision making
Most real estate asset classes face incredibly dynamic markets. Demographic changes, technology advances and post-pandemic paradigm shifts create fast evolving changes in customer requirements and expectations:
• Office space providers must now balance the core-vs-flex strategies of their large corporate tenants;
• Shopping mall operators must constantly keep their space and tenant mix up to date, run the most heavy-hitting advertising and promotional campaigns so they can catch up with marketing trends and shopper demand;
• Data center operators need to keep abreast of security, availability, privacy and sustainability guidelines and regulations;
• Self-storage and rental housing operators need to monitor market rates and competitor pricing plans closely so that they can offer the most innovative packages in order to stay ahead of the pack.
Revenue assurance means making sure that you can compute and send out your bills correctly and timely, and collect all receivables on time. Revenue assurance is critical for business cash flow.
Real estate billing, especially for shopping malls, involves many periodic and ad-hoc components, such as retail space rental, proportion of tenant retail sales, utilities sub-selling, common area maintenance, and advertising & promotion services. As asset managers attempt to extract more yield from the real estate operations, rental structures and arrangements become more complex and obtuse, complicating computation of billing charges.
Wrong billing that has been identified will often have a bias towards overbilling (tenants may not report underbilling!); this means that if you do not bill right, you will end up collecting less.
If you are a professionally run real estate investment fund or listed entity such as a REIT, corporate governance is often a regulatory requirement.
However, pressure to deliver yield means many real estate operations will end up with low levels of supervisory staffing and plenty of opportunities for governance and control lapses, whether at the marketing and leasing front, or at facilities contract procurement front.
In addition to corporate governance requirements, you face heavy and complex periodic reporting responsibilities.
With vast transactional data volumes to process, coupled with a duty to submit timely and accurate financial and management reports, property managers have to handle crushing pressure constantly.
The International Financial Reporting Standard (IFRS) mandates complex accounting treatment for real estate revenue and expenditure recognition, such as rental and marketing fee amortization, further complicating reporting efforts.
Digitalization will help you tackle what appear to be insurmountable challenges, and what tool better than Simplicity® RE assist in your digital transformation journey.
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