Managing payments
To manage the various forms of payments over the lifetime of your contracts, you can set
up scheduled payments, one-time payments, pass-through payments, and payment adjustments. You can
also create invoices for "accounts payable" (AP) and "accounts receivable" (AR).
Managing invoices
To itemize the payments that a tenant or lessee owes to the landlord or lessor, you can create invoices for real estate contracts or asset leases. You can also create these invoices for "accounts payable" (AP) or "accounts receivable" (AR).
Managing payables
If you are the tenant or lessee, you can manage the obligations that you owe (or must pay) to the landlord or lessor. You can process payments, reconcile expenses, and calculate adjustments. These "accounts payable" (AP) are also known as "payables".
Managing receivables
If you are the landlord or lessor, you can manage the obligations that you are owed (or must receive) by a tenant or lessee. You can process lease invoices and lease receipts. These "accounts receivable" (AR) are also known as "receivables".
Managing payment schedules
At Company ABC, IBM TRIRIGA Real Estate Manager is being used to manage real estate leases and track lease payments. Users can adjust or change details of payment schedules and payment line items after a lease is activated and its payments are scheduled.