Massdiscounters, which trades under the brand names Game and Dion, has successfully installed Realyst`s premises manager product, which constitutes a component of the Realyst Contract Risk Management Solution suite.
The Realyst premises management component has been designed by property experts to empower the users of accommodation to effectively manage their property portfolio so as to maximise the investment made and minimise risks. Designed to hold pertinent property information, along with details of all contractual obligations, the system enables the user to proactively manage the many complexities contained within contractual lease documentation.
Realyst is utilised by its retail client base to calculate turnover rentals as an example, and to pay landlords the base rental directly through EFT. Benchmarking tools such as cost per square metre or turnover can be incorporated that allow the user to benchmark individual stores against the portfolio.
The task of implementing premises manager further provides an audit of the processes, documentation, risks and information that is available for the premises. Once completed, the opportunity exists to analyse the information and seek avenues to deliver value.
Research conducted by the RICS indicates that by proactively managing a real estate portfolio, the bottom line real estate costs will be improved by between 10% and 20%. Realyst premises manager is a tool that assists in providing the information to extract this value.
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