Reckoner provides a comprehensive solution for managing the complete order cycle
for a real estate organisation
The starting point for the process is the order booking
or in some cases, a pre launch or pre booking. An order for an apartment or plot
is fairly detailed in nature. It contains the property number, size, price, additional
charges like car parking, membership etc. It may also have multiple owners. Besides
sales of property, there would also be processes related to property lease/rental.
Payment terms and reminders. Reckoner supports multiple payment terms and installments.
Since each order could have separate payment profiles for each item, a very comprehensive
system is required which should be capable of generating payment reminders for each
line item
against
the same order. Reckoner helps you in generating timely reminders
by tracking the payment terms for each order thus preventing revenue leakage caused
on account of delayed payments. Payment management is integrated with Reckoner finance
thus eliminating duplicacy of data
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and ensuring accuracy of statements.
Agents or brokers are a vital cog in the real estate machinery and could be involved
both at the sales as well as the land purchase stage. A substantial amount or orders
may be booked through agents and agents may also be involved in property rentals
or lease. Reckoner tracks agent commissions due against each order and will also
manage the staggered payment schedule for a broker, which could be linked to the
payment schedule of customer. Taxation management for agent payments are also part
of the functionality provided.
Property transfers. A regular occurrence in the real estate industry is the transfer
of property from one owner to another. Reckoner provides for systematic transfer
of property along with details of payments due. Reckoner also maintains detailed
lifelong history of transfers against each property providing transparency to your
customers.
Maintenance: Reckoner’s maintenance module assists the organisation in
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maintaining the premises and in raising monthly bills for maintenance services to
the customers. The billing is integrated with Reckoner finance. Land procurement
Reckoner manages land procurement from purchase of the land to payment to the landowner.
Undeveloped land could have multiple plots of land and each plot could have multiple
owners. Reckoner tracks land purchases, ownership details, payment details and manages
the purchased land as inventory. Detailed reports provide for analysis of quantity
of land purchased, land pending for acquisition against purchase plan and average
rate of acquisition.
In addition to the above Reckoner’s Projects* module effectively and comprehensively
manages the entire development and construction process alongwith subcontractor
management. eReckoner* provides for seamless and online integration of each project
site / marketing offices to the HO using leased lines/internet connectivity.
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