Residential Estate Industry Journal | Page 72

INDUSTRY FOCUS PAGE 72 MANAGEMENT SOFTWARE Information and Communication is key party integration, document management and credit control which all greatly assist in the effective Every estate or gated community has a number management of these communities. The system of different stakeholders. These range from, the provides one central point of communication from residents (owners and tenants), homeowners the HOA and/or managing agent to the debtor associations, directors, and service provider and integrates services bodies corporates, service with various third party systems such as access providers. In order for the estate to function control and meter reading companies. The system effectively, essential information needs to be is provided as an online or terrestrial solution to communicated to these stakeholders regularly. meet the needs of various estate setups. trustees, managers and third party Today there is a growing expectation for this information to be easily available, up-to-date, and Different stakeholders require access to different properly disclosed. information and it is therefore important for estate management to exercise a degree of control in Generally HOA’s or managing agents start off providing applicable or confidential information by acquiring an accounting system. A large to the appropriate stakeholder. PropSys clearly number of estates also manage body corporate differentiates between differing parties and allows complexes located within their boundaries which different levels of access to different users. also have accounting requirements and will generally be setup as separate companies on HOA’s or estate managers are for example able the original accounting system. Thereafter other to upload a full range of documents including systems are implemented to address security, rules and regulations, invoices and statements, facilities management and communication to minutes of meetings, code of conduct documents mention but a few. It is essential that each one and manage the contact details of residents. On of these systems provides for all the stakeholders the other hand residents are only able to view involved. information that is directly associated with them. Residents are also able to communicate with the Any one residential estate encompasses a wide HOA or estate manager via online services and selection of residents and it is essential that can also make use of online payment portals communication channels cater to their differing selected by the HOA or estate manager. needs. Web portals, email, sms and social media are becoming more popular methods of communication whilst traditional telephonic communication remains the “if all else fails” goto medium. A successful communication channel is one that both enhances transparency and streamlines processes and as well as helps to limit costs for estate management. PropSys is a fully integrated estate and property management system which combines facilities and estate management with accounting functionality. The system allows for the storage of details of stakeholders as well as allowing for full accounting and reporting, integrated communication modules (sms and email directly from PropSys), integrated facilities management, access control via third Products owned by PropSys have been used in Southern Africa since 1977 and the company offers comprehensive property management solutions for the complete property management spectrum. For more information: on product offerings from PropSys please visit www.propsys.co.za or contact 086 111 3406 [email protected] www.propsys.co.za