Advanced Retail is an optional add-on application that expands the retail lease administration, sales tracking, reporting and percentage rent functionality of Property Management.

Advanced Retail automates the entire percentage rent process. You indicate the breakpoints, percentages and effective dates. Then Sage Timberline Office does the rest by calculating the overage rent for you, based on tenant sales reports or estimated figures. Advanced Retail also recalculates overage rent at year-end based on audited sales figures. Because percentage rents can vary by department or sales category, Advanced Retail lets you track and calculate them with user-defined sales categories. The software’s flexible sales tracking functionality makes monitoring the performance of every tenant—from the small independents to the national chains—easier. For further analysis, use Advanced Retail’s store type feature to assess sales performance by business type.

Advanced Retail also makes it easier to investigate sales trends and communicate them to executive management, lenders, investors and tenants. Advanced Retail comes with multiple, pre-defined reports and inquiries, each of which can be modified using Report Designer or Inquiry Designer. The software’s flexibility also enables you to create your own report or inquiry from scratch.

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