Real Estate Asset Ledger (REAL) provides full General Ledger analysis.  Too often the challenge faced by CRE professionals is the inaccessibility of the financial data necessary to make key management decisions.  Manhattan’s REAL enables financial data to be held at the level required by real estate including analysis by real estate dimensions such as property, vendor, contract, project and lease.  This helps manage the Total Cost of Occupancy / Ownership for each property.  The lower cost of processing transactions in Manhattan means that consolidated financial information can be passed to the corporate ERP system whilst still retaining the full accounting controls.  Multiple coding structures can be supported including BOMA, OPD and CSI as well as internal structures.  Manhattan REAL includes full integration with sub-ledgers, unlimited number or ledgers, multi-currency  and multicurrency consolidation, transaction imports from Microsoft Excel and interfaces to the major ERP systems.

Accounts Payable manages the vendor invoices and payments.  Invoices can be entered directly eg utility invoices, generated from the lease administration or be matched directly against purchase order created in the Facilities Management and Project Management modules This provides full visibility of all CRE business being performed with a vendor.   Manhattan includes full check and EFT payment process as well as integration with  the corporate ERP system for payment. 

Accounts Receivable manages the collection of rent from tenants at lease or sublease level.  Invoices are generated directly from the Lease Administration module based on the terms of the lease and include rent, CAM charges, insurance, security deposits and any one off charges.  Rental invoices can optionally be printed.  These can be passed through to the Corporate ERP system to manage the debt or the debt can be managed in Manhattan using the cash receipting and debt recover facilities.

Fixed Assets includes the ability to track any type of asset (e.g. any real property, infrastructure, rights of way, air rights, fleet) and perform a life-cycle analysis including diminishing value and component depreciation.  This module is integrated with Manhattan’s Preventative Maintenance, Help Desk and Projects modules.

Budgeting/Forecasting interfaces with the Real Estate Asset Ledger for baseline data on real properties, units, operating costs including leases and projects and can compare budget vs. actual costs.  The budgeting extends into the Facilities Management and provides the controls to alert users to budget issues and prevent orders being raised where there is insufficient budget available.

Order Processing is an advanced purchase control system with budget management capabilities which controls the full procurement cycle using workflow functionality.  It is fully integrated with Manhattan’s Facility and Project Management modules and provides the link into Accounts Payable for the invoice processing.