development_teams

Why Real Estate Developers Choose Budgetrac for Their Organization

Budgetrac Software was created specifically to meet the needs of real estate development project management and is the only real estate software in the marketplace that handles the complete life cycle of assets from predevelopment to disposition, and everything in-between.

The primary difference between Budgetrac Software and other real estate development products in the marketplace is that Budgetrac is a full-blown multi-entity accounting package which incorporates project management along with development tools, workflows and reporting. Development is a very complex business, and you need a solution that simplifies the process yet comprehensive enough to address all aspects of your operations.

“We find Budgetrac to be very easy-to-use and has all of the features and more importantly all the reporting our company needs.” – Real Estate Developer, VA

Other development software products in the industry rely on a secondary accounting solution which complicates and often requires multiple entries to achieve results. Budgetrac increases efficiency in that transactions can be entered one time (i.e., an invoice) and that one transaction will be reflected in payables as on invoice to pay, in project costing as a cost to manage and applicable for loan draw process – negating the need for duplicate/triplicate entry and possible data entry errors causing report differences.

“We were using Excel and constantly having to update our spreadsheets but that required the accounting department to provide the correct data.” – Real Estate Developer, WA

Budgetrac Real Estate Development Software aligns teams around centralized, up-to-date project information, keeping projects on track and minimizing risk. The ability to manage project costs and, through the single-point entry, know the exact status of a project from budget to committed/contracted costs to actual costs to date coupled with the ability to factor in forecasted changes is always “seeing” a more accurate view of the estimated completion costs.

“Budgetrac allowed us to increase our profitability and project forecasting. It had every report we needed. I was skeptical that one software package could do everything we needed…even asked about custom reports, but we didn’t need them. It was all in there.” -Real Estate Developer, VA

Budgetrac project reports provide a unique calculation of the ‘Cost at Completion’, even when the project is in its early stages.  This reduces risk, since throughout the life of the project, the true cost is displayed. And because Budgetrac is a robust accounting package, the back office financial reporting provides multi-entity accounting along with departments and sub-accounts.

Having successfully implemented Budgetrac for hundreds of clients, Anton Systems as the primary distributor and support agent has gained solid knowledge and real-world practical experience with Real Estate Development organizations and Property Managers of all sizes.

To achieve trust and transparency with customers, Anton Systems performs a detailed organizational discovery and provides an implementation plan that starts with a kickoff that allows all team members to get acquainted with the software. This procedure and all the subsequent software training is recorded for future use.

“I really like the videos that were created for us so if we have any questions, we go back and watch, so that’s very helpful.” – Real Estate Developer

“Budgetrac’s software and services solutions are among the very best in the industry, due to the depth and scope of knowledge of their Senior Leadership Team.” – Mixed-Use Developer, CA

Since it’s origination, Budgetrac has been in the vanguard of software development. These are only some of the reasons developers choose Budgetrac. To find out more or for a demonstration of the software in action, please contact us today!

 

 

Share this post

X