(May 18, 2010)—RealPage, Inc.(www.realpage.com), a leading provider of on-demand software to the rental housing industry, today announced the official launch of OneSite® Budgeting.
OneSite Budgeting is an integrated budgeting and forecasting tool for the multifamily industry. It provides a powerful web-based system that enables property managers and owners to create, manage, distribute and monitor budgets for all property types in their portfolios. It streamlines the entire budgeting process from data creation/importing to budget distribution and approval. It drastically reduces the time spent populating spreadsheets with prior-year data and automates the routing of budgets to the proper personnel.
Among the early adopters, Prime Group, based in Los Angeles, CA, was able to complete its initial 2010 budget in one week compared to three months the year before.
“Our staff was able to use the software after just one hour of training,” said Lizza Castro, budget administrator for Prime Group, which is also using OneSite Budgeting for its forecasting capabilities.
“We are very excited about this new product from RealPage. It will allow us to simplify our budgeting process and reduce the amount of time the whole company spends on the budget,” said Jill MacGregor-Baris, implementation coordinator at Corcoran Jennison Management LLC, Boston, MA.
OneSite Budgeting integrates seamlessly with OneSite® Leasing & Rents and OneSite® Accounting to retrieve chart of accounts, prior budgets, prior actual, unit information, rent schedules, lease expirations and more. Additionally, OneSite Budgeting was designed to pull data from any other property management system or accounting system.
To find out more about OneSite Budgeting, please call our sales representative at 1-87-REALPAGE.
To schedule an interview with a RealPage executive, please contact Linda Graham at linda.graham@realpage.com or (972) 820-3518.
About RealPage
Located in Carrollton, Texas, a suburb of Dallas, RealPage provides on-demand software solutions and services to the rental housing industry including a wide range of multifamily property types as well as single-family properties. Its six on-demand product lines include OneSite® property management systems that automate the leasing, renting, management, and accounting of conventional, affordable, tax credit, student housing and military properties; CrossFire® sales and marketing systems that boost occupancy and build retention; YieldStar® asset optimization systems that maximize asset valuation and investment return; Velocity™ utility management systems that accelerate payments for resident charges; LeasingDesk® risk mitigation systems that reduce a community’s exposure to risk and liability; and OpsTechnology™ spend management systems that help owners manage and reduce operating expenses. Through its Propertyware subsidiary, RealPage also provides on-demand software solutions to single-family rentals and low density, centrally-managed multifamily housing. Through its recent acquisition of certain assets of Domin-8 Enterprise Solutions, Inc., RealPage is adding additional property management systems with Tenant Pro, Spectra, i-CAM and other software solutions. Finally, RealPage also offers Infrastructure-as-a-Service to multifamily owners and operators to reduce IT costs and dramatically improve integration performance and reliability. For more information, call 1-87-REALPAGE or visit www.realpage.com.
About Prime Group
Prime Group is a privately-held real estate investment and multifamily residential property management
company, formed in 1990 by John Atwater and Dan James, currently Co-Chairmen and Co-Presidents of the company. Prime Group currently owns and manages in-house approximately 20,000 units in six states, including 4,222 tower and garden units in Park La Brea Apartments, the largest apartment community west of the Mississippi housing in excess of 11,000 residents. Prime Group operates from offices in Los Angeles and San Francisco.
About Corcoran Jennison
Corcoran Jennison Management Company was formed in 1971, and manages over 24,000 properties. CJ
Management has earned a national reputation for building and managing quality market rate mixed-income and affordable housing, and has been named “Property Management Company of the Year” by the National Association of Homebuilders.