| System Overview |
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IBS's in-house web-based real estate computer management systems for owners, developers and property managers serve multi-user environments ranging from a few to hundreds of operators. Its software contains more than 1,700 programs that address virtually all property management, accounting and construction management tasks. Written by real estate development, management and accounting professionals, IBS boasts upwards of 100 man years of development which has produced a system with unparalleled levels of functionality and auditability.
IBS's residential property management system fulfills rental, condominium and cooperative association needs with features that handle rent controls, legal tracking and stabilization regulations, and filings. Its commercial real estate programs for office, industrial and retail offer complete lease management, escalation management, percentage rent tracking and various billing systems.
Both the residential and commercial systems provide interactive and integrated, date-sensitive, open-item accounts receivable and accounts payable on a cash and accrual basis. Also included are powerful systems for general ledger and budgeting/financial reporting, also on a simultaneous cash and accrual basis.
One of the system's hallmarks lies in its remarkable flexibility. During the course of development, IBS has paid special attention to designing a system that can be customized to the user's specific property management and accounting needs, while ensuring the integrity of the data. As a result, the product can be configured in a myriad of ways that offers a variety of tailored formats while providing the same strong, reliable product across the board.
Users of IBS's property management system also benefit from the company's expertise in Network Services. In the midst of the communications and networking revolution, IBS recognized the need for business automation in the real estate industry and has become a leading single-source provider for its clients, offering a full suite of PC network integration, Internet, and wide and local area network (WAN/LAN) services.
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