Each airport is a business with a similar problem: how to track and manage complex systems of property management, contracts, lease terms, billings, receivables and reporting. The AirportIQ Business modules bring together property and lease management, tenant relations, billing, and revenue controls under a single, comprehensive platform.
Track tenant relationships, manage billing and invoicing, and determine what is owed to the airport without having to utilize multiple software tools. The inclusion of both finance and property modules allows for real-time visibility of changes in agreement terms that impact financial projections. By bridging the gap between these two critical but related functions, airports can maximize property performance and revenue.
Simplify Leasing and Strengthen Tenant Relationships with Property Management Modules
The Business modules include several modules that streamline property management.
Lease management module: Simplify tracking, reporting & billing of lease terms, expirations, billing rates & rules, insurance coverage ,and tenant communication with a single repository of aeronautical and non-aeronautical agreements. AirportIQ Business modules provide quick access to the information you need to deepen tenant relationships.
Aeronautical and activity management module: When agreements include variable charges based on passenger or cargo activities, landings and takeoffs, or concessions sales, this module organizes the information in a single view to help calculate billings and reports. Capture each dollar owed to the airport by its tenants.
Aircraft registration module: Track all based aircraft activity, linking aircraft to agreements for hangar rents and permitting; track owner and aircraft attributes, details, and locations; manage documents; integrate with GIS to map the aircraft location.
Tenant portal: Tenants can access invoices and make payments online through our integrated payment processor. Payments are automatically recorded in the accounts receivable module.
ABRM’s finance-focused modules, including Billing and Invoicing, Accounts Receivable, Utilities Billing, and GASB 87, ensure that when agreement terms change, the finance team is updated in real time.
Manage Revenue in Real Time with Financial Management Modules
Billing & Invoice Management: Simplify the creation of monthly bills for airport customers, handling challenging terms such as minimum annual guarantees (MAGs), CPIs, fixed rent escalations, ceilings, floors, and more.
Accounts Receivable Management: A one-stop manager for recording cash receipts for invoice payments, advance payments from tenants, or any miscellaneous type of cash receipts.
Utilities Billing: Facilitates the metering and billing of utilities, so that costs can be allocated to tenants. Tenants can then access billings and make payments online through the Tenant Portal.
GASB 87: Track data elements in each lease that are subject to GASB 87 compliance
Build a Comprehensive Tool With External System Integration
The Business and Revenue modules integrate with programs such as Oracle ERP General Ledger, Tyler Munis, JD Edwards E1, MS Dynamics GP, New World, and PeopleSoft into one comprehensive solution. These integrations have helped clients gain true visibility and establish a single source of truth while reducing manual efforts to gather and reconcile financial data.
ABRM houses the transaction details while your general ledger maintains the summary-level data. ABRM contains sub-ledger transaction details that enable insightful aeronautic and non- aeronautic analysis. ABRM’s tight integrations tackles the underlying issue of disparate, inconsistent data.
Gain Actionable Insights With Business Intelligence Tools
AirportIQ's business intelligence tools allow users to mine data from both the Business modules and external data sources, delivering actionable and easily understandable insights in graphs and charts. The reporting tools allow users to tailor reports in a format most useful to their role. In addition, staff can access data from virtually all systems to provide meaningful analytics on operations.