Sage Case Studies PRD Management Keeps Owners and Tenants Happier

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	PRD Management Keeps Owners and Tenants Happier Sage

PRD Management Keeps Owners and Tenants Happier

Sage

Technology Category	Functional Applications - Enterprise Resource Planning Systems (ERP)
Applicable Functions	Business Operation
Use Cases	Inventory Management Predictive Replenishment
Services	System Integration
Challenge	PRD Management, a professional property management company, was facing issues with its existing business software. The system was inflexible and riddled with bugs, leading to a loss of over $20,000 due to a software error. The company needed a reliable and automated solution that could manage the complex financial operations of a large management company with properties in two states. The software needed to be capable of posting deposits, cutting checks, reconciling bank statements, and creating government reports. Read More
About Customer	PRD Management, Inc is a professional property management company that specializes in subsidized housing. The company is based in Merchantville, New Jersey and operates 15 large housing complexes in two states. PRD Management employs 65 people and is known for its innovative services for senior citizens, low-income families, and physically challenged individuals. The company's innovative management techniques have earned it numerous state and national awards, including Exemplary Family Project (1998) and Exemplary Senior Housing Complex (1997) from the National Affordable Housing Management Association, and Best Practices Award (2000) from the U.S. Department of Housing and Urban Development (HUD). Read More
Solution	PRD Management implemented Sage 100 ERP and the Business Alerts module. Sage 100 ERP is responsible for comprehensive financial management at PRD. It posts deposits, cuts checks, reconciles bank statements, and creates government reports. The Business Alerts module was set up to send an email whenever an item is over budget or questionable in any way. This allows for immediate red flagging of questionable transactions and more control and proactive decision-making. Business Alerts also sends out automatic reminders to staff members to pay taxes on time. Read More Log in to view content
Contents

Technology Category

Functional Applications - Enterprise Resource Planning Systems (ERP)

Applicable Functions

Business Operation

Use Cases

Inventory Management

Predictive Replenishment

Services

System Integration

Challenge

PRD Management, a professional property management company, was facing issues with its existing business software. The system was inflexible and riddled with bugs, leading to a loss of over $20,000 due to a software error. The company needed a reliable and automated solution that could manage the complex financial operations of a large management company with properties in two states. The software needed to be capable of posting deposits, cutting checks, reconciling bank statements, and creating government reports.

About Customer

PRD Management, Inc is a professional property management company that specializes in subsidized housing. The company is based in Merchantville, New Jersey and operates 15 large housing complexes in two states. PRD Management employs 65 people and is known for its innovative services for senior citizens, low-income families, and physically challenged individuals. The company's innovative management techniques have earned it numerous state and national awards, including Exemplary Family Project (1998) and Exemplary Senior Housing Complex (1997) from the National Affordable Housing Management Association, and Best Practices Award (2000) from the U.S. Department of Housing and Urban Development (HUD).

Solution

PRD Management implemented Sage 100 ERP and the Business Alerts module. Sage 100 ERP is responsible for comprehensive financial management at PRD. It posts deposits, cuts checks, reconciles bank statements, and creates government reports. The Business Alerts module was set up to send an email whenever an item is over budget or questionable in any way. This allows for immediate red flagging of questionable transactions and more control and proactive decision-making. Business Alerts also sends out automatic reminders to staff members to pay taxes on time.

Impact #1	Comprehensive financial management
Impact #2	Custom reporting
Impact #3	Superb communication and data flow

Impact #1

Comprehensive financial management

Impact #2

Custom reporting

Impact #3

Superb communication and data flow

Benefit #1	Saved over $20,000 by avoiding software errors
Benefit #2	Reduced time to identify problems from 2-3 weeks to next day

Benefit #1

Saved over $20,000 by avoiding software errors

Benefit #2

Reduced time to identify problems from 2-3 weeks to next day

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Overview

PRD Management Keeps Owners and Tenants Happier

Operational Impact

Quantitative Benefit