How escrow management software can stream line property management business in UAE?
Posted by ricky26 on June 16th, 2014
Escrow Management primarily focuses on the sound relationship between a Seller of a property and the buyer. To facilitate this relationship, a Bank is introduced as a solicitor between the two to manage cash flows and to ensure the interest of the buyer. The objective being to safe guard the interest of both parties during the lifecycle of the project at hand and even after the delivery of the same up to some time period as agreed between the buyer and seller.
An independent consultant has to be appointed by the master developer .
Since Property Financing Management software and escrow management involves large number of Stakeholders there is need for a solution that supports definitions to incorporate and manage different levels of stakeholders like Master Stakeholders, developers, builders, contractors, buildings and end unit byers etc.
AscentProperty management software UAE has been built with business users in mind designed by seasoned banking professionals in Middle east who understand different usage & scenarios and requirements at the ground level and maintains compliance with Real Estate Regulatory Authority mandates.
Ascent Promart is end-to-end Project and Property lifecycle management is complete customizable solution and incorporates entire life cycle support for property based finances management with automatic transitioning to corresponding phases.
This solution comes with end-to-end property management features with support for all types of cash flows like leasing, rentals, free hold etc., and incorporates multiple stakeholders like Management, maintenance personnel, contractors.
About the Authorricky26
Joined: February 7th, 2014
Articles Posted: 2,307
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