Web-Based Budgeting and Reforecasting

Budgeting and reforecasting are arguably the most distributed processes within and between real estate organizations, requiring input from numerous disciplines and the sharing of results with individuals both inside and outside of the organization.

Relying on desktop applications such as Excel for budgeting exposes you to the risk of formulaic errors and inconsistent budgets, and produces unleveragable data that is difficult to access. Likewise, using property accounting systems for budgeting requires non-accountants to navigate through the complexities of the system to enter revenue, expense and capital assumptions.

Realogic Budget was designed by industry professionals with extensive budgeting experience, resulting in an enterprise budgeting solution unlike others available in the market today. As a web-based SaaS solution, Realogic Budget ensures that your data is available anytime/anywhere. All team members can enter and edit their data in a consistent manner from any location. Results may be easily shared with others who may not have been involved in the preparation of the budget/reforecast.

Budgeting doesn’t have to be difficult. Find out how Realogic Budget makes your budget process transparent and easy to understand for all users, allowing you to start later and finish earlier.

Benefits of 

Ease of Use

Realogic Budget strikes a perfect balance between simplicity for the infrequent user (i.e., the broker entering lease-up assumptions) and sophistication for the power user who spends a great deal of time preparing budgets and reforecasts. Spreadsheet style navigation within a browser provides a familiar interface for most users. Seeing only the areas of the budget for which a user is responsible minimizes training and implementation time. The ability to use budget templates and to start with prior period budgets or actuals simplifies the entire budget process.

Integrated

Realogic Budget supports the import of data from and the export of completed budgets to all major accounting systems. Detailed tenant and building information from completed budgets may also be exported to ARGUS Valuation-DCF. Offline calculations completed in Excel may be imported into budgets, including a date stamp for audit purposes.

Increased Accessibility and Efficiency

Being web based, your budgets are available anytime and anywhere that there is an internet connection. Multiple users can simultaneously budget from multiple locations into one budget file, seeing only the areas of the budget for which they are responsible.

Standardized Budgeting

Standards assigned at both an organizational and project level, including the use of budget templates, assure that there is a consistency to the finished product and best practices are enforced throughout a portfolio. Definition of market variables at the enterprise level also assists in the creation of standardized budgets.

Improved Accountability

Unique color-coded rent roll tracks contractual vs. assumptive data, as well as overrides from your accounting system. Deviations from enterprise level market variables within individual budgets may be tracked and reported upon.

Economical

As a “software as a service” (i.e. SAAS) application, Realogic Budget results in a lower cost of ownership. The annual subscription fee (a fraction of a cent per square foot) allows for an unlimited number of users have access to the many features of the software. Because we host the application, you do not have to invest in hardware or database software, and you are always working on the latest version of the Realogic Budget without having to install updates. Additionally, implementation may be completed within weeks rather than months.

Scalable

Realogic Budget may be used for a single asset to multiple portfolios. Single or multi-year budgets may be prepared with unlimited expense detail at the account and sub-account levels. Expense recovery calculations may be completed within the system or imported from third party systems. Third party property managers can support multiple clients with different budgeting needs using one software platform.