RealPro Property Management Software


The Real Estate Property Management System - RealPro©, was designed and developed by ICON – International Consultants for real estate managers and executives in the Middle East. It automates all the business processes involved in property management, providing twenty integrated software modules for financial control, leasing and rent collection, sales force productivity, facility management, and general administration. RealPro© software caters to a variety of property types: Commercial Shopping Centers and Malls Office and Apartment Blocks Residential Housing Compounds Leisure and Resort Facilities Industrial Estates Mixed Use Holdings of Portfolio Investors RealPro has been developed by ICON using Oracle database and development tools. Oracle is the number one provider of database and Internet technology in the world. The system operates on standard PCs running Windows XP and is highly scalable which means it can manage a large multi-use property for a single owner, or can be used by property management firms to handle multiple properties for many different clients. RealPro© includes specialized routines for financial and market analyses designed to maximize real estate investments. Rent review, collections, and dynamic reconfiguration of property units are examples of these features. The ICON property management applications are fully integrated and include the following modules: General Ledger Cash Management Accounts Receivable Accounts Payable Automatic Billing Contract Management Telephone Billing Water/Electric Billing Leasing – Sales Lease Administration Fixed Assets Purchasing Front Office/Reservations Logbook/Diary Housekeeping Point of Sales Maintenance Inventory Personnel Payroll Budgeting Customer Services Management Information System Reports

The integrated design of the RealPro© system replaces much of the paperwork associated with real estate management with automatic processing --increasing productivity and reducing clerical tasks. It minimizes the real estate enterprise’s reliance on too much paperwork and too many people involved in handling transactions. As a fully integrated business application package it provides instant access to all the business information using automated methods. The system software automatically moves information through the transaction. This reduces paperwork and duplicate entries of the same data. Many transactions are fully automated. Others transactions are actively prompted and assisted by the system, simplifying and standardizing procedures. RealPro© modules also provide efficient management control over purchasing and assets. For example, payments requiring review and approval by relevant managers are controlled by the system. The improved workflow management eliminates many redundant and wasteful activities that are common with manual practices, saving time and money.

The major advantage of the RealPro© software is that it is designed and built to handle property management business processes with special emphasis on the Mideast market. Other vendors can offer software to handle basic accounting requirements, but RealPro© covers the entire spectrum of property management issues including analytical tools for optimizing financial processes, marketing, operations and maintenance.

The central component of financial planning is the ability to analyze budget and actual figures, but conventional accounting packages often lack good budgeting features. The RealPro© solution provides corporate-wide and departmental budget analysis and tracking. In addition, because corporate executives and property managers need fast access to financial information to make daily decisions, RealPro© provides rapid results to management queries, beyond standard reporting facilities.

RealPro© accommodates real estate enterprises using multiple currencies. The system provides Arabic language in the Chart of Accounts and the following reports: Profit and Loss, Trial Balance, Daily Journal, and General Ledger. Arabic invoices and receipts are also available. A conversion utility allows for changing between Gregorian and Hegirian calendar dates.

RealPro is a dynamic system with new enhancements and features being developed continuously. For example, integration with e-mail over the Internet and within the organization has recently been added to the software. Future enhancements are in progress to enable e-commerce and thin client technologies.