7 Features an All-in-One CRE Software Solution Must Have

 April 9, 2024

By  Guy Gray

Sometimes, we pay for products or services that claim to be “all in one,” but in reality are missing a few features or include hidden fees that aren’t disclosed. Commercial real estate is no exception, which is why a true all-in-one CRE software solution is such a valuable tool to CRE pros.

After all, why would you get different software solutions for property management, lease management and other commercial real estate needs when you can get a solution that consolidates them all? 

Here are seven features you’ll find in Quarem and why it really is a comprehensive platform:

1. Lease Management

Spreadsheets can be a hassle to maintain and who knows how many lease documents you have to sift through every time you want to find a piece of information—if you’re still doing it using outdated methods, that is. With effective lease management software, you can easily produce an accurate master lease list and dive down into details on command.

2. Critical Date Management

Don’t be surprised tomorrow what you can get notified about today. With CRE software that includes critical date tracking, you can receive automated reminders and alerts that help you stay proactive, save money and make better decisions. With critical date management, you can identify opportunities easier and stay on top of escalations and negotiations.

3. Lease Accounting Compliance

Commercial lease accounting software is your path to compliance with ASC 842, IFRS 16 and other lease accounting standards. You don’t need to worry about the details and fine print of these standards as much with the right software, as it makes getting compliant (and staying compliant) easier.

4. Reporting

Show stakeholders, clients, investors and your boss accurate, up-do-date reports that you can either customize yourself or use templates. Powerful software solutions like Quarem will automatically generate and record data so you can better identify risks, opportunities, changes and more—all while presenting it in a way that’s easy to visualize and understand.

5. Task Management

There’s always something to do in the life of a CRE pro. But it doesn’t have to be overwhelming. CRE software with task management capabilities makes your list easier to handle and helps you find information more efficiently to speed up all of the tasks you need to complete each day.

6. Property Management

Portfolios come in different shapes and sizes—your CRE software should adjust accordingly. With Quarem, for example, we manage the data behind your properties, not just the activities of your property. This helps you better stay on top of vacancies, avoid jumping between systems and effectively keep track of market research.

7. Lease Abstracting

Understanding and knowing leases can be difficult with everything you have going on—and this gets worse the bigger your portfolio gets. That is, unless you have the right lease abstracting software that tells the entire story of your leases. With powerful lease abstracting at your disposal, you can avoid costly mistakes and make reliable decisions.

If you’re ready to see what an all-in-one CRE software solution looks like—one with comprehensive features—request a demo of Quarem today. We’d love to show you how our property management, lease management and other CRE solutions can help you maximize your time and grow your profits.

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About the author 

Guy Gray

Guy Gray serves as Chief Operating Officer overseeing our technology and client services teams. He is responsible for guiding Quarem application development, networking and security, as well as new client implementations.

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