Sales Contract Management

Sales Contract Management

Businesses that manufacture real estate face various difficulties in the sales processes of the real estate they manufacture. These processes require the clarification of the payment terms determined at the time of sale and the careful monitoring of financial instruments such as deposits, down payments, promissory notes received from customers. In particular, the management of contracts becomes complex in cases where more than one real estate is sold.

The difficulties

  • Increasing Number of Properties: The increase in the number of properties and the purchase of more than one property by a single customer makes it difficult to manage contracts.
  • Execution of Operational Processes: While sales offices carry out an operational process to carry out sales transactions, additional staff are also employed to record financial data generated at the time of and after the sale and to monitor accounting records.
  • Manual Processes: Transactions between sales offices and finance and accounting departments are usually carried out manually. This causes slowdowns, data duplication and incorrect records.

Solution with Navappro Construction ERP Software

Navappro Construction ERP software helps you overcome these challenges with its Real Estate Sales Contract Management module. You can effectively manage the following processes:

  • Automation with Integration: Real estate sales contract management works in integration with Microsoft Dynamics CRM. Thanks to this integration, sales and financial transactions made by the sales office can be transferred directly to the accounting system.

  • Financial Monitoring: In cases where multiple real estate purchases are made through a single customer card, the finance module offers the opportunity to monitor the financial movements of the relevant customer on a contract basis. Thus, you can obtain balance sheet, general balance sheet and statements on a contract basis from a single card.

  • Electronic Contract Management: You can transfer the terms of the contract signed with the customer to the electronic environment, link them to workflows and pass them through approval processes. In this way, you can prevent incorrect data entry into unapproved contracts.

  • Management of Payment Terms: You can track the down payment, down payment and promissory note payments specified in the contract by associating them with the relevant contracts. You can also plan your cash flow according to the payment terms on the contracts.

  • Contract Management: You are given the opportunity to manage future termination, cancellation and transfer processes. This way, you can track historically when a contract was canceled or transferred to another customer.

These solutions will help you manage your real estate sales processes more regularly and effectively, and will increase the efficiency of your business processes.