PRD Management Keeps Owners and Tenants Happier
Company Size
11-200
Region
- America
Country
- United States
Product
- Sage 100 Advanced ERP
- Business Alerts module
Tech Stack
- ERP
- Email Notifications
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Cost Savings
- Productivity Improvements
Technology Category
- Functional Applications - Enterprise Resource Planning Systems (ERP)
Applicable Functions
- Business Operation
Use Cases
- Inventory Management
- Predictive Replenishment
Services
- System Integration
About The Customer
PRD Management, Inc is a professional property management company that specializes in subsidized housing. The company is based in Merchantville, New Jersey and operates 15 large housing complexes in two states. PRD Management employs 65 people and is known for its innovative services for senior citizens, low-income families, and physically challenged individuals. The company's innovative management techniques have earned it numerous state and national awards, including Exemplary Family Project (1998) and Exemplary Senior Housing Complex (1997) from the National Affordable Housing Management Association, and Best Practices Award (2000) from the U.S. Department of Housing and Urban Development (HUD).
The Challenge
PRD Management, a professional property management company, was facing issues with its existing business software. The system was inflexible and riddled with bugs, leading to a loss of over $20,000 due to a software error. The company needed a reliable and automated solution that could manage the complex financial operations of a large management company with properties in two states. The software needed to be capable of posting deposits, cutting checks, reconciling bank statements, and creating government reports.
The Solution
PRD Management implemented Sage 100 ERP and the Business Alerts module. Sage 100 ERP is responsible for comprehensive financial management at PRD. It posts deposits, cuts checks, reconciles bank statements, and creates government reports. The Business Alerts module was set up to send an email whenever an item is over budget or questionable in any way. This allows for immediate red flagging of questionable transactions and more control and proactive decision-making. Business Alerts also sends out automatic reminders to staff members to pay taxes on time.
Operational Impact
Quantitative Benefit
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