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Property Boulevard: Software Evaluation Matrix

This document provides a comparison matrix for property management software. It outlines over 100 features across various modules including properties, units, tenants, accounting, work orders, inventory, purchasing, and payroll. The key features allow for better organization, control, visibility and customization across all aspects of property and asset management. They also improve productivity, compliance and decision making through features like automated processes, reports, searches and integrations. Overall, the comprehensive set of features aim to provide convenience and flexibility for property managers.

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0% found this document useful (0 votes)
49 views

Property Boulevard: Software Evaluation Matrix

This document provides a comparison matrix for property management software. It outlines over 100 features across various modules including properties, units, tenants, accounting, work orders, inventory, purchasing, and payroll. The key features allow for better organization, control, visibility and customization across all aspects of property and asset management. They also improve productivity, compliance and decision making through features like automated processes, reports, searches and integrations. Overall, the comprehensive set of features aim to provide convenience and flexibility for property managers.

Uploaded by

kofisah
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Software Evaluation Matrix:

Comparison matrix for your convenient

Property Boulevard Comment


Property
Property type (Commercial, Residential, etc.) Restrictive costs per property Status change (sold, inactive) Events log Pictures, documents, attachments Dynamic late-fee per property

Why it matters

Better order in a mixed portfolio Allows to delegate responsibility and maintain control over expenses We may sell or stop managing a building and keep data and control Good record keeping allows continuity and better management We can retrieve any document within a few mouse clicks. Allows us the easily apply/change our policy regarding late-fee.

Units
User-defined unit type Unit size and market value BdRm, BtRm, Key, Parking User defined utilities User Defined appliances User defined amenities Events log Pictures, documents, attachments Better visibility of our units and leases. Better analysis on a Square Foot basis. Better visibility and analysis of the rentable units. We decide what is important about our units and better manage them. Keeps accurate inventory and helps accommodate new prospects. Improves marketing and reduced vacancies. Good record keeping allows continuity and better management. There is no need to search for a document at the bottom drawer.

Tenants
Alternate tenant address Property-sensitive pool Multiple leases Custom anniversary date Events log Pictures, documents, attachments User-defined status Restrictive charges, payments and legal notices Multiple criterion for tenant search Move-out notice Useful in commercial property where the tenant has different address. Improves productivity and reduces errors. Sometimes a tenant has more than one lease. Allows accommodating tenants requirements. Good record keeping allows continuity and better management Every document is only a click away. Important tool to manage tenants, receivables and notices. Important tool that helps us during evictions. Helps us finding the tenant we are looking for. Vacancy planning; Calculates projected (pro-rated) statement.

Software Evaluation Matrix:


Comparison matrix for your convenient

Property Boulevard Comment


Tenant-Unit Relations
Multiple tenants per unit Multiple units per tenant Multiple moves between units Multiple leases per tenant Multiple recurring charges for each Tenant-Unit Separate move-out from each unit

Why it matters

Sometimes we have more than one tenant in a unit. Very useful in commercial buildings. Maintains full visibility of each tenant even after multiple moves. For options management and precise billings. For precise and clear billings and collections. Allows us to move a tenant out of one suit and keep him in others.

Receivable Charges
Automated recurring charges Multiple recurring charges Time-sensitive recurring charges Custom charges Delete charges Projected statement (simulates the future) Automated distribution of CAM charges Reconciled CAM charges Subsidies (such as Section-8) Automated rent-increases Automated late-fee Allows us to put our billings on auto-pilot. For precise billing, subsidies and better collections. Allows us to plan ahead the start/stop of the billing process. To accommodate extraordinary situations. Allows us to undo any mistake. Advanced statements and cash-flow management. Saves time. Accurately bills net-leases (NNN) tenants. Saves time. Accurately bills net-leases (NNN) tenants. Saves time and improves collection. So we can plan ahead and let the software execute our plan. Saves time and improves our income.

Receivable Payment
Cash receipts Receipts from a third party (Section-8) Receipt not from a tenant Dynamically apply/wave Late-fee Bad (NSF) check Write-offs (against a specific charge) Reverse (delete) payments MICR bank deposit slip Because sometimes the tenant pays in cash. Saves time in processing payments from subsidy programs. Allows more options to receive payments and deposit them in the bank. Allows us to change our policy at our whim. A tool to address the inevitable. Allows better management of receivables and collections. Allows us to undo any mistake. Save time and eliminate mistakes

Software Evaluation Matrix:


Comparison matrix for your convenient

Property Boulevard Comment


Payable Charges
Recurring charges Automated recurring charges Automatic start-end recurring charges Delete charges Vendor restriction Separate check requirement Cashier check requirement Account x-reference (property-vendor-G/L)

Why it matters

Saves time of entering repeated information. So we dont miss important and/or repeated payments. Allows us to plan ahead and let the software take care of our plan Allows to undo any mistake. Better management of our expenses. Sometimes we need a separate check to pay a specific invoice. In case we need a cashier check. Helps our vendors to properly apply our payments.

Payable Payment
MICR check User-defined check format Cahier check Save time and money. So our check format meets our requirements. Saves time when we need it.

Accounting
Both, accrual and cash at all times Automated reversal in next period Cross-reference to external chart. Recurring journal So we can change our financial reporting as we wish. Saves time and eliminate errors. Allows us to export our financial data to fit another chart. Saves time and improve accuracy.

Work Orders
Inventory list Vendors assignment Vendor schedule Vendor budget Work force Priority Scheduled start-end Keeps track of material usage and improves inventory control. Better management of outsourcing our work-orders. So work is done on time. So work is done under budget. Keeps track and budget work done by our personnel. Helps us schedule our recourses. Helps managing our performance.

Software Evaluation Matrix:


Comparison matrix for your convenient

Property Boulevard Comment


Actual start-end Delineated costs Marked up costs Charge tenant Charge owner/vendor Close work-order

Why it matters
Helps analyzing our performance. Helps analyzing our costs. Allows us to bill accurately for the work. Saves time if tenant is to be charged. Save time if owner or vendor is to be charged. Allows us to better control our work-orders.

Legal Notices
User-defined notices Single tenant process Multiple tenants process Selective recipients (scoping by criterion) Restrictions (in legal) MS-Word templates We can effortlessly create any notice. Saves time with instant notice. Allows us to print multiple notices at once. Allows refining the selection of recipients. Prevent interference with legal processes and/or evictions.

Security
Separate login for each user Custom security per user Window/Feature-level security Ability to turn on-off Graceful logout Two dimensions security (Function - Building) Allows customization for each user. So we can safely delegate responsibilities to each user, and refine each users access privileges. If we dont need it. Allows us to schedule maintenance and backups. Allows us to restrict users to specific building(s) and function(s)

Productivity
Data import Custom tool-bar for each user Security controlled visibility Help online Context sensitive help Help and function side by side windows Searchable user-manual From Excel Saves time entering data. Improve productivity of each user. So users do not see what they are not allowed to view. Assists each user individually. Specific assistance for each window. So we can keep working while reading the help. So we can quickly find the relevant section in the manual.

Software Evaluation Matrix:


Comparison matrix for your convenient

Property Boulevard Comment


Paperless Office Calendar & Tickler
Personal calendar Events by category Groups and peers Accessible via the Internet Tickler via email Each document is instantly available.

Why it matters

So we can plan our activities. Organizes our activities. Allows us to share our calendar with others. So we can access it from anywhere in the world. Reminds us of important things.

Inventory
Formatted part number User defined unit-of measurement Item cost and item price Item class Man-hour per item Multiple vendors per item Cross-reference to vendors catalogs Assembly and bill-of materials (BOM) Multiple evaluation (Std, Avg, Last-Cost) Price comparison Substitution Quantity adjustment Order level Order Quantity Physical inventory process Audited physical inventory Spend analysis Consumption analysis Allows us to format our catalog number. Allows us to customize our measurements and maintain uniformity. Better management of each item Management tool for a large inventory. Retrieves cost and performance automatically. Improves our purchasing and price comparison. Betters communication with our suppliers. Saves time entering data and keeps standards throughout. Better analysis of our inventory. Helps shopping. Allows alternates of specific item. Allows keeping accurate inventory. Helps ordering a part when needed. Optimizes the quantity we order. Keeps track and audit-trail of inventory count. Facilitates Reviewed or Audited financial statements. Helps control our costs. Helps maintaining critical items available.

Tools and Equipment


Tool classification and grouping

Software Evaluation Matrix:


Comparison matrix for your convenient

Property Boulevard Comment


Item serial number Tool-equipment tracking Usage history

Why it matters

Purchase Order
Property level Unit level Ship Via Destination Multiple receipts Vendors part number Link to payable Controls payable

Payroll
HR profiling Departmental payroll Automated calculations of taxes and withholdings Payment via check Payment via direct deposit Payment via debit card Payment via ADP/Intuit Union payroll Certified payroll (Prevailing wages) Multi-states payroll Individual pay period Pension programs Loans and advances Benefits programs (401K, Cafeteria, healthcare) W-2, W-3, Quarterly

Software Evaluation Matrix:


Comparison matrix for your convenient

Property Boulevard Comment


Banking
e-Banking Bank reconciliation Account register MICR Deposit slip Deposit slip per property Combined deposit slip per account

Why it matters

Modules:
Work Orders
Purchase Orders Inventory Payroll Legal Notices Tool and Equipment Tracking Paperless Office Personal Calendar

Property Boulevard Full, built-in functionality Full, built-in functionality Full, built-in functionality Full, built-in functionality Full, built-in functionality Full, built-in functionality Fully incorporated Fully incorporated

Others Some features available as a Separate Software package Available only as a Separate Software package Minimal functionality available as Separate Software Not available Not available Not available Not available Not available

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