FlexProperty's August 2024 Update Features Cost Allocation Improvements that Lower Operation Costs

A key focus of this has been one of our most popular features, Cost Allocation. Recovering service charge costs from tenants is notoriously complex, but FlexProperty has changed this with one of the most comprehensive and flexible solutions on the market. With Property Managers feeling increased pressure to lower operating costs, we’ve made it easier to analyse leakage so you can target the contracts and terms responsible; we’ve made it simpler and more transparent than ever to pass anchor tenant leakage to others; and we’ve added several improvements to reduce time spent on errors and manual effort.

With energy costs being a hot topic for landlords and tenants, we’ve also continued our multi-project to enhance our Utility Billing feature. In this we’ve integrated with ISTA (a popular energy billing services provider operating in 21 countries) and added cross-company utility reconciliation to help you control costs across multiple legal entities.

We’ve also added many features and improvements to help our Danish customers satisfy local regulations and conventions. As always, we’ve applied our philosophy of making these improvements to the global base, so they’re available for anyone who may have similar needs without added purchase or installation of any localisation modules or country packs.