Real Estate Management System

Transforming Real Estate Operations with Precision and Efficiency

Meet the business management solution suite that ticks all your boxes instead of putting you into one

Introduction

The Real Estate Management System by Wizmen ERP is tailored to meet the unique demands of the real estate industry. From managing customer relationships to automating billing, tracking maintenance services, and handling legal cases, this comprehensive system integrates all essential functions to streamline operations, enhance decision-making, and improve overall efficiency

Wizmen Standard ERP

Salient Features of Wizmen Standard ERP

Modules and Key Features

Real Estate CRM System
Maintenance Services
Utility Billing System
Marketing Management System
Building Control System
Balloting System
Land Management System
Society Map Integration
File Management System
Legal Cases Record
Accounting Features / General Ledger System
Cash Management System
Sales & Receivable System
Purchase & Payable System
Inventory Management System
Fixed Assets Management System
Budgeting System
Reporting & Analytics

Real Estate CRM System

Centralized Customer Management

Manage customer data, interactions, and preferences in one centralized location.

Financial Tracking

Maintain records of payments, credit management, and streamline tax reporting with multiple date tracking.

Reporting and Insights

Provide actionable reports with drill-down features, sales and receivable analysis, and graphical representations.

Security and Authorization

Implement robust security protocols and user-level permissions to ensure data integrity.

Maintenance Services

Maintenance and Services Management System

Billing Automation

Generate customizable bills for maintenance, security, and other services, including taxes and compound-interest surcharges, on a monthly, quarterly, or yearly basis.

Flexible Payment Options

Accept payments at banks and company offices to provide convenience to customers.

Detailed Reporting

Track billing history, receivables, collections, and generate customized reports

Integration

Seamlessly connect to the financial system for a holistic view of revenues and expenses.

Utility Billing System

Customer Billing

Manage billing cycles, meter readings, taxes, surcharges, and partial payments for utilities like electricity.

Bill Customization

Generate bills according to client-specified formats and display billing history.

Disconnection Notices

Automate disconnection notifications based on payment history to ensure timely payments.

Integrated Reporting

Provide insights into billing trends and customer behavior for informed decision-making.

Marketing Management System

Lead Tracking

Capture and manage potential customer inquiries efficiently.

Campaign Management

Design and execute targeted marketing campaigns for effective outreach.

Communication Tool

Implement email marketing, SMS, and other communication channels to engage customers.

Performance Analytics

Track campaign results and ROI to measure effectiveness.

Building Control System

Project Lifecycle Management

Track application receipts, approvals, construction phases, completion, and occupancy status.

Construction Inspection and Monitoring

Schedule inspections, record statuses, and generate alerts for delayed projects.

Violation Management

Issue and manage violation notices or fines to ensure compliance.

Reporting

Create progress reports, construction status reports, completion lists, and customized analytics.

Balloting System

Randomized Plot Allocation

Utilize a fair balloting system for plot inventory assignment.

Member Qualification

Integrate member eligibility criteria for accurate allotment.

Preference Matching

Implement algorithms for preferred plot matching (e.g., corner, park-facing).

Results and Reporting

Generate balloting results and integrate the final list into the ERP system for consistency.

Land Management System

Land Record Organization

Structure land records based on administrative divisions (District & Mauza).

Khewat Definition

Define and track land parcels (Khewats) with detailed ownership information.

Land Owners

Manage a comprehensive database of landowners for easy reference.

Transaction Management

Token & Agreement: Track initial agreements and deposits (tokens) for land purchases.
Land Registry: Record official land ownership transfers.
Intiqal: Manage the formal title transfer process (Intiqal).
Payments: Record payments related to land acquisitions, taxes, and other transactions.

Reporting

Transaction Reports: Generate detailed reports on tokens, agreements, land registries, and intiqals.
Payment Register: Maintain a comprehensive record of all land-related payments.
Complete Land Register: Access a centralized and up-to-date land ownership register.
Un-purchased Land Report: Identify available land parcels for potential acquisition.

Society Map Integration

Visual Representation

Display an interactive society map for easy navigation.

Plot Detail View

Provide plot status, ownership information, and area/size upon selection.

Search Functionality

Allow searches by plot number or owner for quick access.

ERP Integration

Connect seamlessly with the core system for data consistency.

Khasra Map Visualization

Graphically represent Khasra records with search and analysis capabilities.

File Management System

Secure Document Storage

Store scanned customer files with high-security protocols.

Integration

Link documents to plots and customer records for easy retrieval.

Accessibility and Sharing

Manage view, print, and email permissions for controlled access.

Legal Cases Record

Case Management

Maintain case details, including parties, lawyers, and hearing dates.

Hearing Tracking

Record hearing results and set reminders for upcoming events.

Decision Recording

Track case outcomes and final orders accurately.

Customizable Reports

Generate case lists by party, lawyer, date, etc., and track hearing schedules.

Accounting Features / General Ledger System

Flexible Chart of Accounts

Wizmen ERP’s adaptable Chart of Accounts allows for detailed financial data organization with multiple segments. Transactions can be categorized by company, unit, and more, ensuring a well-structured financial system.

Budgeting and Reporting

Create and manage budgets alongside actuals and reserved funds. Standard and custom reports provide valuable insights for financial analysis and informed decision-making.

Journaling and Transactions

User-defined journal types and categories accommodate diverse financial recording needs. Foreign currency transactions and flexible voucher sequencing are supported.

Enhanced Transaction Management

Freeze and unfreeze accounting periods, attach supporting documents, and utilize standardized narrations. The Descriptive FlexField captures additional transaction details.

Automation and Efficiency

Streamline workflows with automatic voucher reversal, recurring transactions, and mass allocation. View and post automatic vouchers generated from other modules.

Financial Statement Generation

Generate comprehensive financial statements including Profit & Loss, Balance Sheet, Cash Flow Statements, and more. Utilize ratio analysis, variance analysis, and expense comparison reports.

Advanced Analysis

Conduct complex financial analyses and create ad-hoc reports using the WIZMEN Worksheet.

Integrated Functionality

Seamlessly integrate Accounts Receivable (AR), Accounts Payable (AP), Cash Management (CM), and Inventory modules for data consistency and efficient operations.

Cash Management System

Receipts & Payments Marking

Easily set clear dates for receipts and payments.

Bank Reconciliation

Create accurate, easy-to-manage reconciliation statements.

Cheque Printing & Control

Manage cheque book inventory and print cheques directly.

Multiple Date Tracking

Record cheque date, transaction date, invoice date, and clearance dates for thorough audit tracking.

Sales & Receivable System

Sales Order Management

Create and manage sales orders with ease, capturing customer details, product specifications, pricing, and delivery information.

Dispatch Advice

Generate dispatch advices to inform warehouses of upcoming deliveries, ensuring smooth order fulfillment.

Sales Invoicing

Issue accurate and professional sales invoices with multiple date options (invoice date, due date, recording date) for flexible financial tracking.

Receipting

Record and manage customer payments efficiently, with support for various receipt methods.

Tax Challan Receipts

Simplify tax compliance by managing tax challan receipts seamlessly within the system.

Debit/Credit Memos

Issue debit and credit memos to adjust invoices for returns, discounts, or errors.

Sales Journal

Maintain a detailed record of all sales transactions for clear financial tracking.

Sales Commission Reports

Calculate and generate sales commission reports to incentivize and reward sales personnel.

Receipt/Collection Journal

Track all customer receipts and collections in a centralized journal.

Collection Call Register

Organize and prioritize collection calls for improved debt recovery.

Customer Ledger

Maintain a comprehensive customer ledger encompassing all sales transactions and account details.

Single & Multi-Level Document Matching

Efficiently match invoices, receipts, and other documents for accurate reconciliation.

Flexible Commission and Freight Setup

Configure flexible commission structures and freight calculations for precise sales calculations.

Expenses & Rebates

Record unlimited expenses and rebates directly during invoicing for streamlined record-keeping

Transaction Flexibility

Manage transactions for goods, services, and expenses within the system.

Dual Measuring Units

Accommodate different measurement units on invoices to cater to diverse customer needs.

Customer Categorization

Organize customers by category, grade, and sector for targeted marketing and sales strategies.

Sales Tax Handling

Simplify sales tax calculations and ensure compliance with tax regulations.

Settlement Option

Offer customers flexible settlement options, including bill-wise and on-account settlements.

Principal Customer Grouping

Group related customers under a single principal customer for efficient management.

Customer Profiles

Maintain comprehensive customer profiles with complete details, including multiple addresses and contacts.

Credit Limit Management

Set credit limits for customers based on days and amounts to manage credit risks effectively

Automatic Dunning Letters

Send automated reminder letters for overdue payments, streamlining collection efforts.

Purchase & Payable System

Demand & Requisition Management

Start with demand planning and purchase requisition based on stock or production needs.

Supplier Selection & PO Creation

Choose suppliers based on credit, categorization, or group affiliation, and issue purchase orders with multi-level approvals.

Receipt & Goods Inspection

Receive and inspect goods, recording quantities and any discrepancies.

Purchase Invoice & Payment Processing

Generate invoices for goods or services, applying taxes, multi-currency support, and dual measurement units.

Purchase Return

Manage returns for rejected goods, adjusting accounts and inventory accordingly.

Vendor Profiling & Credit Control

Track supplier profiles, credit terms, and multi-address details, monitoring compliance with PO terms.

Tax Management

Automatically calculate and deduct income tax, with detailed reporting for compliance.

Reporting & Analytics

Access PO aging, expense analysis, and tax deduction summaries with visual dashboards.

GL & Inventory Integration

Fully integrated with general ledger and inventory for accuracy across accounting and stock data.

Inventory Management System

Flexible Item Category Structures

Efficiently categorize inventory with customizable attributes such as Item Type, Model, Brand, Size, and Make.

Cost Center Structures

Segment consumption with classifications like Consumption Type, Nature of Consumption, and Purpose of Consumption.

Item Locator Structures

Precisely identify stock locations across warehouses and storage sites.

Un-Invoiced GRN Management

Expedite billing by managing un-invoiced Goods Receipt Notes.

Valuation Method

Utilize Moving Average for flexible and accurate inventory valuation.

Bill of Material (BOM)

Track and manage materials required for production with an integrated BOM system.

PO Tolerance Parameters

Set tolerance levels for purchase orders, ensuring flexibility in shipment and quantity management.

Demand & PO Matching

Match purchase orders with demand and GRNs to ensure efficient procurement.

Multi-Organization Inventory

Control inventory across multiple organizations, sub-inventories, and locators.

Quality Inspection on GRNs

Conduct thorough inspections at GRN entry points to maintain quality standards.

Financial Integration

Link seamlessly with General Ledger, Accounts Payable, and Accounts Receivable for accurate financial tracking.

Expense Reduction & Budgeting

Monitor and budget item consumption to achieve cost-saving goals without sacrificing quality.

Inventory Report Generator

Design custom reports with adaptable structures to meet diverse management needs.

Project Inventory Allocation

Allocate inventory to specific projects to enhance resource tracking and utilization.

Special Inventory Tracking

Track inventories in special locations such as bonded warehouses and pledged stock.

Fixed Assets Management System

Asset Planning & Procurement

Manage initial asset requisitions and purchases, with integrated budget approval.

Capitalization & Registering Assets

Add assets to the system with proper categorization, including capitalization and recording asset details.

Depreciation Calculation & Scheduling

Set up automated depreciation schedules according to financial requirements.

Asset Assignment & Transfer

Assign assets to locations or personnel, tracking movements with a transfer log.

Disposal & Write-Off

Handle disposals and write-offs, recording gains or losses and updating the asset register.

Asset Reporting & Compliance

Access depreciation schedules, addition and disposal summaries, and asset transfer registers.

GL Integration

Link fixed asset records with general ledger for accurate financial reporting and asset tracking.

Budgeting System

Budget Definition & Grouping

Define budgets for different departments or units, consolidating into overall budget categories.

Periodical Allocation

Allocate budgets by specific periods for timely management.

Variance Analysis & Reporting

Track actuals versus budgets, providing variance reports for financial oversight.

GL Integration

Real-time integration with general ledger for comprehensive budget management.

Reporting & Analytics

Financial - Reports

Balance Sheet
Profit/Loss Reports
Final Account Notes
Cash Flow Statement
Accounting Ratios
Budget Comparison Reports
Income/Expense Comparison Reports
Daily Cash/Bank Position
General Journal Summaries
Profit / Loss
Balance Sheet
Cash Flow
Monthly Expense Comparison
Monthly Revenue Graphs
Chart of Account
Trial Balance – For-the-Period, Comparative, Changed-Balances-only
General Ledger
General Journal(s)
Cost Center Reporting
Voucher Printing

Sales & Receivable - Reports

Receivable Analysis – Customer Wise
Receipt/Collections Analysis
Bad Debt Analysis
Receivable Age Analysis
Customer Performance Analysis
Recovery Letters
Balance Confirmation Letters
Sales Graphs – Customer wise
Sales Graphs – Item wise
Over Due Balance Report
Credit Limit Violation Report
Collection Disputes Report
Sales Journal
Sales Commission Report
Receipt/Collection Journal
Collection Call Register
Customer Ledger
Receipt Printing
Invoice Printing
Voucher Printing

Purchase & Payable - Reports

Payable Analysis – Supplier Wise
Payable Analysis – Invoice Wise
Payment Analysis
Payable Age Analysis
Supplier Performance Analysis
Funds Requirements for Payment (Period Wise)
Overdue Balance Report
Credit Limit Violation Report
Payment Disputes Report
Purchase Journal
Payments Journal
Sales Tax Reports
Income Tax Deduction Reports
Supplier Ledger
Payment Voucher Printing
Purchase Invoice Printing
Balance Confirmation Letters
Voucher Printing

Cash Management System - Reports

Bank Reconciliation Report
Un-Presented Cheques
Un-Credited Cheques
Cash Forecasting
Bank Charges Reports
Cash/Bank Positions
Cash/Bank Summaries
Other Payment Register
Other Receipt Register

Inventory - Reports

Demand Reports
Pending Demand Report
Purchase Officer wise Demand Reports
Consumption Analysis
Month Wise Item Wise
Item Category Wise v/s Cost Center Wise
Purchase Analysis
Month Wise Item Wise
Item Wise Summaries
Sales Order
Pending Sales Order Report
Store Ledger
Sales/Dispatch Analysis
Month Wise Item Wise
Item Category Wise v/s Customer Wise
RMA Inward Register
Rate Comparison Report
Delivery Register with sales tax
Consolidate Stock Report
Slow Moving Items
Dead Stock Report.
Stock Sufficiency Report
Minimum Stock Level Report.
Maximum Stock Level Report
Rate Comparison Report
RMA Outward Register
Purchase Register with sales tax
Sales Tax register Supplier wise
Consolidate Stock Report
Purchases Verification Report
Scrap Item Listing

Budgeting System – Reports

Budget Allocation Report
Budget Utilization Report
Budget Variance Report
Budget Allocation Report – Cost Center wise
Budget Utilization Report – Cost Center wise
Budget Variance Report – Cost Center wise
Budgeted Profit/Loss Report

Wizmen Specifically Tailored For

Property Management Companies

Efficiently manage residential and commercial properties, including leasing, tenant management, and maintenance services.

Real Estate Developers

Streamline project management from land acquisition and development to sales and marketing, ensuring timely project completion and profitability.

Real Estate Investment Firms

Optimize portfolio management, financial tracking, and investor reporting for better decision-making and profitability.

Housing Societies

Manage plot allotments, member records, society maps, and maintenance services to ensure smooth operations and member satisfaction.

Commercial Real Estate Firms

Handle leasing, tenant management, facility management, and maintenance of commercial properties to maximize occupancy and revenue.

Land Administration Authorities

Organize land records, manage transactions, and ensure legal compliance for effective land administration and governance.

Real Estate Agencies

Enhance customer relationship management, lead tracking, sales processes, and marketing campaigns to boost sales and customer satisfaction.

Frequently Asked Questions (FAQ)?

What is the Real Estate Management System?

The Real Estate Management System by Wizmen ERP is a comprehensive software solution designed to streamline and optimize all aspects of real estate management, including customer relationship management, billing, maintenance services, legal case management, and more.

How does the system help with billing and payments?

The system automates billing processes, supports customizable bills, offers flexible payment options, and provides detailed reporting on billing history, receivables, and collections.

Can the system handle legal case management?

Yes, the Legal Cases Record module maintains detailed case records, tracks hearing results, sets reminders, and generates customizable reports for efficient legal case management.

How does the system improve customer relationship management?

The Real Estate CRM System centralizes customer data, tracks interactions, manages financial records, and provides actionable insights through comprehensive reporting and security protocols.

What kind of reports can I generate with this system?

The system offers a wide range of reports, including financial reports, operational performance reports, customer and sales analytics, supply chain analytics, and compliance and audit reports, all with customizable and graphical data visualization options.

Can we integrate society maps in the system?

Yes, the system supports society map integration, allowing you to display interactive maps for easy navigation, plot detail views, and search functionality. This feature ensures data consistency by seamlessly connecting with the core system.

Does the system support customized sales packages?

Yes, the system supports customized sales packages, allowing you to tailor sales offerings to meet specific customer needs and preferences. This flexibility helps in catering to diverse market requirements and enhancing customer satisfaction.

Are all the modules integrated with the financial system?

Yes, all modules are tightly integrated with the financial system, ensuring seamless data flow and consistency across different operations. This integration helps in accurate financial tracking and comprehensive reporting.

Does the system handle late payment surcharges?

Yes, the system can handle late payment surcharges. It automates the calculation and application of surcharges on overdue payments, ensuring timely collections and financial accuracy.

Is a CRM Mobile Application available?

Yes, a CRM Mobile Application is available. It allows users to manage customer relationships on the go, providing access to customer data, interactions, and sales activities from mobile devices.

Are CRM Dashboards available?

Yes, CRM Dashboards are available. They provide a visual overview of key metrics, customer interactions, and sales performance, enabling informed decision-making and efficient management of customer relationships.

Contact Us

Schedule Your Marketing Session Now