For S.L. Nusbaum Realty Co., a leading full-service commercial real estate firm, the objective of their state-of-the-art MIS/Finance management system is to save and earn money for clients. Today, Intuit Real Estate Solutions' (IRES) technology is helping this Southeast leader achieve this critical business goal.

“IRES offers solid accounting solutions for all phases of our business – multifamily, shopping center and office buildings,” says Virginia Batteen, Senior Vice President and Comptroller for S.L. Nusbaum Realty Co. “Each part of the portfolio has individual reporting requirements, yet the system is able to manage those requirements successfully.

“A specific way we utilize the IRES system to save and earn money for our clients is by quickly producing complete reconciliation and financial reports,” she says. “We perform all cash reconciliations and general ledger reconciliations and provide these on a monthly basis to our clients. IRES affords us the ability to generate these reconciliations quickly and accurately.

“Using IRES, we can publish our monthly reports in a timely fashion while accessing accurate information on cash position, tenant information, delinquency updates, accounts payable status, and current and future rental information,” she says.

Batteen continues, “A solid accounting system is very important to us as a means to better serve our clients. We had been on another provider’s DOS-based system that simply couldn’t provide what we needed.

“We looked at six or seven software solutions. Our checklist of important features included tenant billing, CAM recoveries, strong report-writing capabilities, a single integrated database, and dependable financial integrity,” she says. “Ultimately, we chose IRES for its strong accounting foundation.

“We were also looking for a tenant-based budgeting system,” asserts Batteen. “With our DOS system, it was a huge effort to produce tenant-level budgets for approximately 2000 tenants across sixty centers. This required manual intervention using spreadsheets and was a time-consuming, cumbersome process.

“We were attracted to IRES' seamlessly integrated ForeSight solution which provides tenant-level budgeting,” she says. “We knew that if we could perform this intensive budgeting without manual intervention, we could achieve huge productivity savings.” In turn, that too, will help S.L. Nusbaum Realty Co. save and earn money for clients.

About S.L. Nusbaum Realty Co.

Founded in 1906, S.L. Nusbaum Realty Co. has grown to become one of the larger full-service commercial real estate firms in the Southeast, and a leader in commercial real estate investment, development, sales, leasing, management, and mortgage brokerage.

Today, S.L. Nusbaum Realty Co. is the largest developer of neighborhood and community shopping centers in Virginia, and one of the largest in the nation. The company leases and manages millions of square feet of spaces ranging from Class A office buildings to flex space and industrial warehouses. For nearly a century, S.L. Nusbaum Realty Co. has developed, managed, and brokered multifamily communities.

The company is headquartered in Norfolk, Virginia, with a regional office in Richmond, Virginia. For more information, please visit their website at www.slnusbaum.com.