A common drawback of the annual expense recovery cycle is that most leases expire during the year, leaving landlords and tenants with a difficult choice: leave the account open until the year-end reconciliation, or accept the risk of a pro forma calculation.
Our new single contract reconciliation feature solves this problem by letting you run a full reconciliation against a single contract at any point in the year. The outcome is tracked against the reconciliation period, considered in the final reconciliation, and any leakage accounted for.
On a similar theme, we have also introduced a new reconciliation method for property taxes, letting you calculate and adjust tenants’ tax payments as soon as you receive the annual invoice.
These features reflect an increasing demand for solutions to help landlords stay on top of cash flow throughout the year.
We also continue to invest in our property budgeting solution for Dynamics 365 FO. In this release, we have expanded the feature to include:
✔ Assumption snapshots to track key budget inputs over time
✔ Budget revisions to support reforecasting with new information
✔ Usability and efficiency improvements for smoother budget preparation
Looking ahead, we are exploring how best to combine budget information from multiple sources within the ERP for a seamless budgeting experience, and how we can leverage the Power BI platform for budget visualisation and analytics.
“We’re excited about the future of property budgeting in Dynamics. Microsoft is investing in their FP&A toolkit, and we’re actively engaging with their roadmap to find the best fit for real estate."
- Michelle Millar, Product Manager, FlexProperty
These changes and many more are fully detailed in our February release notes, which customers can find on the FlexProperty portal alongside the recording of our February highlights webinar. If you’d like to be one of the first customers to see what’s new in upcoming releases, sign up for our release webinar series here.
New to YAVICA? If you’re not yet running your real estate organisation on Microsoft Dynamics 365 + YAVICA, then we suggest you start with a custom demo by contacting us here.
Yavica
Manage large amounts of data with company groupings, hierarchal structures and enhanced reporting.
Yavica
A scalable solution to process, handle and optimise large volumes of debts and commitments in Microsoft Dynamics 365.
Contact
+45 22 88 00 00
hello@yavica.com
Discover
Markets
Residential Real Estate
Commercial Real Estate
Corporate Real Estate
Specialty Real Estate