Utilizing Sage Intacct Cloud Software for Your Real Estate Investment Trust

While Sage X3 might benefit the manufacturing and distribution industries, Sage Intacct is the better choice for real estate investment trusts (REITs). Sage specially designed the cloud-based accounting software to reduce the complexity of your multi-entity trust—even when you have a mix of clients and interests.

When you invest in Sage Intacct, you can get rid of your traditionally time-consuming consolidation processes. Instead, you’ll enjoy a wide variety of built-in tools and features that help you:

  • Answer hard financial questions quickly
  • Consolidate information across multiple funds
  • Share real-time data across financial and investment analysis
  • Document decisions in the context of your portfolio
  • Prepare for audits and maintain GAAP compliance

Let’s take a closer look at each of these areas…


Answer Hard Financial Questions Across All Your Client’s Assets

When you manage a real estate investment trust, you likely have questions coming in from your different clients every day. Some might want to know how sustainability regulations can impact their holdings. Others might want to see a clear picture of where their cash value stands. Regardless of what questions come your way, Sage Intacct helps you answer them. How?

Built-in rules-based dashboards lets you instantly assess financial performance. The dashboards enable you to view your critical financial information in an instant! Not to mention, the dashboard allows you to consolidate all your data from across the business. Managing multiple entities has never been easier with customizable key performance indicators, such as:

  • Cost of Capital
  • Debt/EBITDA (Leverage Ratio)
  • Funds from Operations (FFO) and Adjusted Funds from Operations (AFFO)
  • Cash and Cash Equivalents
  • Portfolio Performance Over Time
  • Overall Asset Weighting
  • Revenue by Property
  • And More!


Consolidate Information Across Multiple Funds

In the real estate industry, it is not uncommon to have a variety of funds across the globe. Fortunately, Sage Intacct makes it easy to gain a comprehensive view of the business. Even though the different firms might have unique focuses, you can still create a shared chart of accounts. By utilizing this function, you can continuously consolidate and pull up valuable information from across the organization.

That’s not all!

If your clients have assets under management (AUM) outside of the United States, you don’t have to waste time manually converting each individual property value or transaction. Sage Intacct automatically consolidates the data into a single base currency so that you can make rapid assessments.


Share Real-Time Data Across Financial and Investment Analysis

With consolidations that happen in minutes, you can keep all of your financial information up to date at all times. As a result, Sage Intacct makes it easier than ever for real estate investment trusts to share all your analyses and reporting. Whether you have income reports to share with your clients or configurations to analyze with your team, you can use the cloud software to share the real-time data to anyone from anywhere.

Why does this function matter in real estate?

Your clients and teams can make efficient, well-informed decisions. From purchasing new assets to consolidating portfolios, you can always get a clear picture of your client’s finances and investments. The real-time data and reports also reduce the pressure of monthly and quarterly reporting.


Document Decisions in the Context of Your Portfolio

Much like a nonprofit can benefit from documentation, your real estate investment trust can too. When you use Sage Intacct, you can document all of your decision-making thoroughly.

What does that mean?

The collaboration functionality in Sage Intacct allows you to communicate with other team members in the organization, right from within the application. You can respond to each other and work through all your decisions. The result is better, and faster, decision-making.

Best of all, these conversations and documentations attach to the appropriate financial records so that you can see their context and access them in the future for reference. Organizations find this feature to be especially helpful when reviewing transactions during an audit.


Prepare for Audit and Maintain GAAP Compliance

Sage Intacct cloud-based accounting software also provides additional ways to helps real estate investment trusts prepare for audits. The detailed breakdowns of transactions and balances are essential pieces of any audit process, whether internal or external. When you add the documentation, you can elevate your audit process and do a more thorough examination.

In addition, Sage Intacct offers a compliance tool that is consistent from front -to – back office. You can use standard compliance tools to ensure that all your financials are handled using Generally Accepted Account Principles (GAAP). You can even personalize your compliance options to fit your organization’s requirements.

This blog was written by David Kerr and originally published by Sage Intacct on October 19, 2021. See the original post here.

Want to explore how Sage Intacct can transform your CRE business? Schedule a free demo or discovery with our experts