RealPage® Eliminates Need for Spreadsheets in Budgeting Multifamily Portfolios
Launch of new web-based OneSite® Budgeting software gets rid of manual spreadsheets in the budgeting process
(April 20, 2012) — RealPage, Inc. (NASDAQ: RP), a leading provider of on-demand software and software-enabled services to the rental housing industry, today launched a new web-based version of OneSite Budgeting that eliminates the need to use manual spreadsheets in the budgeting process for multifamily portfolios.
“With this new version, fixing corrupt spreadsheet files, repairing broken links or troubleshooting formula errors are now a thing of the past,” said Ranjeev Teelock, vice president, OneSite Budgeting, at RealPage.
OneSite Budgeting simplifies and streamlines the budgeting and forecasting processes by delivering accurate calculations, automated consolidation, real-time updates and GAAP-compliant reports out-of-the box. It adds workflow that gives users better control over the process, including version control. The budgeting tool automatically stages actual historical and the prior year’s budget data for each property, and eliminates the need for the accounting staff to prepare separate budget packages.
OneSite Budgeting also enables clients to create their budgets based on the financial and statistical measures that drive revenue and expenses. Menu prompts and wizards guide them through the budgeting process and perform property specific calculations. Changes made to the budgeting assumptions are automatically updated throughout the budgeting system, with no need to trouble-shoot formulas.
“Many companies don’t do revenue and expense forecasts because it is too tedious to create the spreadsheets and enter historical and budget data. With OneSite Budgeting our customers can set up a forecast model in less than five minutes. The forecasting tool automatically enables actual performance to be loaded into the forecast template, with forecast options using the original budget, prior-period actuals or forecasts numbers,” said Teelock.
To learn more about OneSite Budgeting solutions, please visit http://www.realpage.com/property-management-software/budgeting/budgeting-process. To schedule an interview with a RealPage executive, please contact Linda Graham at firstname.lastname@example.org or (972) 820-3518.
Located in Carrollton, Texas, a suburb of Dallas, RealPage provides on demand (also referred to as “Software-as-a-Service” or “SaaS”) products and services to apartment communities and single family rentals across the United States. Its on demand product lines include OneSite® property management systems that automate the leasing, renting, management, and accounting of conventional, affordable, tax credit, student living, senior living and military housing properties; LeaseStar™ multichannel managed marketing that enables owners to originate, syndicate, manage and capture leads more effectively and at less overall cost; YieldStar® asset optimization systems that enable owners and managers to optimize rents to achieve the overall highest yield, or combination of rent and occupancy, at each property; Velocity™ billing and utility management services that increase collections and reduce delinquencies; LeasingDesk® risk mitigation systems that are designed to reduce a community’s exposure to risk and liability; OpsTechnology® spend management systems that help owners manage and control operating expenses; and Compliance Depot™ vendor management and qualification services to assist a community in managing its compliance vendor program. Supporting this family of SaaS products is a suite of shared cloud services including electronic payments, document management, decision support and learning. RealPage’s MyNewPlace® subsidiary is one of the largest lead generation apartment and home rental websites, offering apartment owners and managers qualified, prospective residents through subscription, pay-per-lead and LeaseMatch pay-per-lease programs. Through its Propertyware subsidiary, RealPage also provides software and services to single-family rentals and low density, centrally-managed multifamily housing. For more information, call 1-87-REALPAGE or visit www.realpage.com.