Retail Restaurant Office Distribution Powerful Rent Processing REAPTM has a powerful rent processing system that allows you to easily identify exceptions and create a review process for approvals. • Track Rent escalations based on any CPI or other multi-national index. • Pay current rent and accrue for estimated increase until publication. • Automatically back calculate additional prior period rent based on published index increase. • Store link to where index is published for easy verification. Percentage Rent Use multiple types and break points for percent rent calculations and interface directly with your POS. • REAPTM can be easily configured to handle 8 different scenarios of % rent calculations out of the box. • All % Rent features can be used for BOTH Expense and Income Leases. • Map all product/service sales categories directly from your POS. • Forecast future sales data and project rent liabilities. Sales Tax Many of the variances in retail income reporting stem from the complexities of tracking sales taxes across multiple Tax Authorities. Associate multiple tax types and rates against each rent stream. • Change a tax in one place and apply to all associated rent streams. 8.0 Real Estate Asset and Portfolio ManagerTM Track Critical Dates Maintain control of the lease renewal process by managing critical dates and creating automatic notifications, ensuring you do not miss opportunities and avoid late payments and fees. • Rent escalations. • Option dates. Track and Report on 500+ Data Points per Lease Interface with any accounting system Be ready for FASB accounting changes Insightful Reports and Forecasts are easy to create Affordable Unlimited Users Easy to budget per lease license model Custom Set-up for every installation 3200 El Camino Real Suite 220 Irvine, CA 92602 Phone 562-207-1610 www.ntrustinfotech.com www.reapmanager.com Powerful Flexible User Definable Field labels and dropdowns User Customizable Dashboard Web-based and Secure Reduce Complexity REAPTM was designed to be comprehensive…and easy to use. Reducing the complexity of managing real estate portfolios means providing CRE professionals with excellent tools and significant flexibility. REAP TM accomplishes this by being highly configurable for each customer’s unique needs, so you don’t have to live with a “one size fits all” solution. User configurable Dashboard keeps what you want to track at your fingertips. The Query BuilderTM lets you create powerful and insightful reports to help guide your company’s Real Estate Strategy. FEATURES Quick and Accurate Expense Reconciliation Audit landlord statements of expenses, such as Common Area Maintenance (CAM), against the applicable lease-specific language. REAPTM has unique time saving features: • Ease of Use There is no enterprise-class real estate management application that is easier to use than REAP TM: User customizable Dashboard – select the items which are important for you to track. Multi-Currency – currency can be set individually for each lease and converted for roll up to the corporate accounting system. Easy User Administration – pick the screens that you want users to be able to view or edit…no more worries about the wrong users editing your important contract information. Multi-lingual – all field labels can be in the user’s local language to help with quick understanding of all REAPTM features. Increase Productivity REAPTM automates many of the most time consuming tasks that face portfolio managers. Users can easily review and process payments and receipts with an intuitive and informative interface. • Batch Processing : Flexibility to do rent processing for all or a set of leases. • Assign GL Codes to all expense items and have two way integration with your company’s accounting system. • Complete Workflow Engine for Review and Approval. • Portfolio Visualization Tools with ability to drill down to Property and Lease Details. • Easy Data Entry and Editing from the Summary level. • Percent Rent that allows multiple sales types and breakpoints and interfaces with any POS. • Expense Reconciliation is expedited with an easy to read interface and previous period comparisons. • • Create detailed templates including inclusions, exclusions and CAPS. Reuse configuration for similar leases. Import landlord statements and perform desktop audit in minutes. Analyze year over year changes and portfolio wide savings. Manage Co-tenancy Reduce rent by taking advantage of the co-tenancy clauses of your lease. • Supports a variety of rent reduction provisions. • Capture and Track other tenants move-in and move-out dates to enforce your co-tenancy provision rights. Rent Escalations Alerts Leases use a variety of indices for rent increase. Set alerts and reference links to the index for each lease and update your rent liabilities. REAPTM goes beyond just alerts: • Initial Alerts to Property Manager. • Escalated Alerts to Executive Management if not updated in the system. • Alerts during payment processing to avoid the need for Journal corrections. FASB Lease Accounting Change Compliance Visualize your portfolio based on a range of available filters including Store type, property type, size, lease type and more. REAPTM is fully FASB 13 compliant and its architecture will allow an easy transition to the New FASB Lease Accounting standard. REAPTM allows: • Handles all mid-term contractions & expansions. • Provides detailed journals for accounting integration. Query BuilderTM User customizable Summary views allow quick review of what is important to you to stay at the top of your game. Not only does REAPTM come with a powerful set of standard reports, but its Query BuilderTM allows the creation of complex and analytical reports: • Share reports with specific user roles. • Clone and modify reports for personal use. • Query BuilderTM -No Cryptic database field names…just the plain English you see on the screen.
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