Commercial Real Estate

Budgetrac Solution Offers Four Specific Features to Help CRE Developers

In order to be successful, real estate developers require a project management system that is both effective and cost-efficient. What is needed is a self-contained system that can simultaneously keep track of the front line and the bottom line. Budgetrac is a fully integrated, web-based, end-to-end solution that provides a comprehensive tool set delivering quick …

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Office Space Uncertainty as Working from Home Becomes More Mainstream

The future adoption of remote work methods by businesses casts a pall of uncertainty over the commercial office space industry. Has the rise in work-from-home jobs affected office space openings? And will it have a longer-term impact? These are the questions CRE developers are asking since there is no real historical data to analyze as …

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How to Reduce Redundancies and Increase Efficiency with Budgetrac

As the old adage goes, time is money. Therefore, any opportunity to save time by streamlining business operations should be taken wherever and whenever possible. And in commercial real estate (CRE) development, where the costs of doing business are so volatile, so mercurial, time is the one variable that is always guaranteed to be of …

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What makes Real Estate Development Accounting Software Unique?

  Developers rely on software to manage multiple interconnected processes, get data from various sources, and keep track of crucial dates for managing development projects. Errors, omissions, and delays can be costly, especially when investors and stakeholders pay the cost as a result of any setbacks. Software designed specifically for Real Estate Development unites teams …

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The Value of Accurate Reporting for Developers

  Accurate data reporting provides your organization with precise insight into your financial well-being. It is essential that you maintain correct accounting records if you want to know your company’s financial situation at any given time. Having reliable, simple-to-understand accounting reports available when you need them is a smart first step in making sure you …

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Four Things That Make Real Estate Development Accounting Software Unique

  It’s important to understand the differences between real estate development accounting software and conventional accounting programs, such as Quickbooks. Let’s take a closer look at the four primary distinguishing characteristics. Developers are in it for the long haul Because typical development projects are long-term, real estate development accounting differs from other types of accounting. …

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Still Using Outdated and Manual Real Estate Development Software?

The struggles of still using outdated and manual real estate development software are unnecessary as they are hindering. To limit your company’s accounting to Quickbooks and project costing, commitments to Excel diminishes time, as well as control. Now, imagine utilizing a cloud-based software solution that gives you complete project control, including the ability to: view …

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Automation Greatly Reduces Loan Draw Process Time and Accuracy

Paperwork. It is truly a rare person who enjoys this tedious but imperative task. The best way to minimize the time spent on this mundane job is via automation through technological innovation. Draw requests comprise invoices, receipts, budgets, change orders and lien releases. And if you are still handling these chores manually for a Commercial …

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