Contract Management for Real Estate

Contract Lifecycle Management for the Real Estate Industry

The latest advancements and fluctuating market trends in the Real Estate industry warrant a focus on boosting bottom-line efficiency. It can be done by optimizing resources and making process improvements.

Valuations remain a key component of financial reporting. Also, banks have become increasingly scrupulous in lending, thereby influencing interest rates. Investors are always keen on having a sold exit clause when entering into agreements.

The most significant challenges include efficiently managing thousands of lease contracts and gaining insight into costs, yield, and occupancy. Real Estate Contract Management Software can help in tightening scrutiny, reducing investor fears, complying with regulatory requirements, and enhancing customer trust. All of these are areas where risk officers and controllers exert great influence over sales and bottom-line.

Contract Management Challenges in Real Estate

The latest advancements and fluctuating market trends in the Real Estate industry warrant a focus on boosting bottom-line efficiency. It can be done by optimizing resources and making process improvements.

Valuations remain a key component of financial reporting. Also, banks have become increasingly scrupulous in lending, thereby influencing interest rates. Investors are always keen on having a sold exit clause when entering into agreements.

The biggest challenge is to efficiently manage thousands of lease contracts. Gaining insight into costs, yield, and occupancy that are complying is yet another issue.

Effective contract management solutions for Real Estate can help in drafting accurate contracts. It can also help in reducing investor fears, complying with regulatory requirements, and improving sales and bottom-line.

CLM Solutions for Real Estate

Ultria’s automated contract management system for Real Estate enables organizations to streamline all contract management processes. It also reduces risks, and designs a better compliance management framework, thus minimizing risks:

  • Create, store, and manage all investor and lease contract agreements (revisions, conditions, charges, renewals) within a centralized and secure repository
  • Automate financial processes (rental payments, price escalation, and indexation, variable rent and concessions, settlement of service charges)
  • Gain insight into costs, yield, and occupancy (tracking and forecasting) across the contract management lifecycle for your real estate properties
  • Efficiently manage lease in/out contracts using configurable templates of contract terms and conditions, collaborative authoring, and workflows
  • Search contract information and metadata extraction, track clause-level changes
  • Control contractual processes and data comprehensively to ensure all compliance documents are valid
  • Access audit trails for any contract at any time for any changes made to a contract
  • Design and activate dynamic and standardized workflows with multiple reviewers and approvers, as required

Other Useful Resources

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Automatic creation of navigatable indexes and matching of agreement numbers helps us review agreements and link related agreements quickly and accurately.

VP Legal Operations - Engineering Co.

Ultria's Integrating of Natural Language Processing with Optical Character Recognition increases the quality of the conversion result and really helps the AI perform at its best.

Director of Legal Operations - F100 High Tech Manufacturer

Using Orbit to provide "rails" to keep our business users in compliance while also streamlining the agreement review request process gives us both the speed the business unit leaders are asking for as well as the controls that we insist on.

Manager Contract Operations - F100 Services Company

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