TRIRIGA Real Estate - The Leading Real Estate Management Software
TRIRIGA Real Estate provides a definitive understanding of real estate portfolios, and an effective way to reduce costs through effective transactions.
CFOs and financial executives agree that real estate is a growing priority and important to achieve strategic objectives. Executives use real estate to generate top-line improvement in their financial performance by opening new locations and utilizing sale-leasebacks as a source of capital to increase revenues. Through consolidation and disposition of underperforming real estate, organizations reduce excess real estate expenses.
TRIRIGA Real Estate provides a clear and comprehensive view of an organization's strategic and real estate objectives through portfolio plans. It streamlines the implementation of these plans through integrated real estate lifecycle processes that include transaction management and real estate contract administration.
Portfolio Management
TRIRIGA Real Estate provides portfolio plans to consolidate the real estate strategic objectives of an organization. Portfolio plans capture key objectives and initiatives that real estate must deliver or support such as market expansions or M&A activities from within the organization's strategic plan. Budgets and forecasts track key financial, headcount and other drivers that impact real estate strategy and ensure alignment with an organization's overall strategy. Implementation plans detail and manage the tactical plans such as opening new retail locations to increase revenues or consolidating locations to reduce costs that deliver the real estate strategy. Implementation plans provide the link between portfolio plans and transaction management.
Transaction Management
TRIRIGA Real Estate improves real estate transaction management to ensure the effective delivery of an organization's real estate strategy. Specific project types such as acquisition, lease, sub-lease and termination deliver discrete processes and financial models to manage and evaluate each real estate transaction. Inclusion of key site measures such as demographics and transportation within the selection process improve alignment with customers' requirements, revenue and cost drivers. TRIRIGA Real Estate includes embedded financial models that calculate the short-term and long-term impact of proposed sites and align with financial goals. TRIRIGA Real Estate evaluates key financial and non-financial measures and calculates an overall quality assessment score for each site, then presents an executive summary which compares these values and determines the best overall site for approval. TRIRIGA Real Estate reduces project cycle times for efficient delivery of real estate transactions. Critical path schedules ensure efforts are focused on those activities that impact on-time and early delivery, while schedule templates standardize tasks for consistency and precision.
Lease Administration and Accounting
TRIRIGA Real Estate improves real estate contract management such as owned property agreements and real estate leases to minimize costs. Critical date notifications and payment management increase compliance with lease terms that result in cost savings. Automated critical date alerts driven by expiration and option dates within real estate leases notify of opportunities to secure below market rates or vacate under-performing locations. TRIRIGA Real Estate includes distinct process-driven clause types such as operating expenses and common area maintenance with embedded business processes. These clause types automatically generate and deliver payment processes directly to required users' portals. Payment processes within TRIRIGA Real Estate improve compliance with the financial terms of the lease internal financial processes. Rent and percentage rent schedules automatically generate payment line items which are managed within TRIRIGA Real Estate's payment management or integrated with an organization's financial systems. TRIRIGA Real Estate's payment reconciliation process automatically compares landlord invoices with lease terms to minimize overpayments and penalties.