Realogic Budget is designed to prepare 1, 2 or 3 year budgets and reforecasts. As with any budgeting system, the focus of Realogic Budget is necessarily on the careful space-by-space examination of tenant "stay or go" decisions for the short term.
From customer feedback, it was clear that users want the ability to take the base budgets they made in Realogic Budget and turn them into long term forecasts. That's exactly what Realogic LTF does.
A Realogic Budget user can take their existing 1, 2 or 3 year budget and create a copy, just as they would when starting a reforecast. The only difference is the user chooses a Budget Type of LTF.
The key difference between creating a budget using Realogic Budget and creating a long term forecast in LTF is the use weighted averages speculative deals (also known as at rollover).
In Realogic Budget, there is no notion of an automatically created tenant. In long term forecasting, this concept becomes helpful in smoothing out expectations for tenancy beyond the short term.
The Difference between Realogic Budget and Realogic LTF
While not ideal in a short term budget (tenant improvements, downtime and leasing commissions become overly simplified where more accurate predictions are expected and possible), the concept of weighted average at rollover allows a smoothing out of expectations that can be applied for realistic long term forecasts.
Save time creating valuations by automating the transfer of building and tenant data from the accounting system. Just like Realogic's flagship product Realogic Budget, Realogic LTF has synchronization with accounting system data powered by RISE (Realogic Integration Service Engine) technology.