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Realty Software | NOAH Business Applications


What is a real estate app?

A real estate application serves as tool for realty/ property business professionals in managing transactions for them to reduce costs on manpower, improve speed and produce more accurate results.


Advancing the role of ERP for real estate

NOAH Real Estate Business Applications is an online real estate management system proven to supplement, complement or naturally replace existing ERPs falling short of the required controllership and features to comprehensively manage real estate businesses in this digital age.


Property Management System in the Philippines

NOAH Business Applications is the country’s leader and the only end-to-end property management system in the Philippines. Whether the business operates on property sales, leasing (commercial, residential, offices, mall, and public market), dormitory, hotels, memorial lots, property management office, the NOAH Real Estate Business Applications can provide end-to-end financial and operational solutions with its seamless integration to NOAH Financials, Project Management, Procurement Management and Customer Relation Management. NOAH Real Estate Business Applications’ Customer, Tenant, Seller and Owner portals provide a rewarding user experience for business in real estate. These portals consequently advance customer service to a higher level.


Regulatory standards –compliant software

The foundation of the business rules for the NOAH Real Estate Management Software is developed on generally accepted principles and corporate governance. Used as reference for compliance are regulatory standards such as International Financial Reporting Standards (IFRS) 15 and IFRS 9, Philippine Financial Reporting Standards (PFRS) 15 and PFRS 9, and Philippine Interpretation Committee.


Publicly listed companies, huge privately-owned companies, family owned businesses and start ups on real estate have immensely benefited and regarded NOAH Business Applications as their ERP for Real Estate.


NOAH REAL ESTATE BUSINESS APPLICATIONS includes:


  • Land Acquisition
  • Land Banking Management
  • Inventory
  • Sales and Booking
  • Billing and Collection
  • Loans Processing and Documentation
  • Special Transactions
  • Document Management
  • Broker Management

BIR - Compliant Forms and Reports

  • General Journal
  • General Ledger
  • Inventory Book
  • Inventory List (RMC 57-2015)
  • Purchase Journal
  • Cash Disbursement Book
  • AP VAT Report/Summary List of Purchases
  • AP Monthly VAT Declaration (BIR Form 2550M)
  • AP Quarterly VAT Declaration (BIR Form 2550Q)
  • Monthly Alphabetical List of Payees (MAP)
  • Semestral List of Regular Suppliers (SRS)
  • Alphalist Report (EWT Schedule)
  • Monthly Remittance Return of Creditable Income Taxes Withheld (BIR Form 1601-E)
  • Certificate of Final Tax Withheld At Source (BIR Form 2306)
  • Certificate of Creditable Tax Withheld At Source (BIR Form 2307)
  • Sales Journal
  • Income Book
  • Output VAT Report
  • Summary Alphalist of Withholding Taxes (SAWT)
  • Fixed Asset Input Tax Amortization Schedule
  • Fixed Asset Lapsing Report - Taxation
  • Fixed Asset Lapsing Report - Financial

Financials - Computerized Accounting System (CAS) Advanced

  • Systems Global
  • General Ledger
  • Purchase Order
  • Accounts Payable
  • Raw Materials / Packaging Materials Inventory
  • Fixed Assets
  • Finished Goods Inventory
  • Accounts Receivable

NOAH Real Estate Business Applications is a result of more than a decade of experience in digitally transforming business to cope with fast changing and growing real estate industry. This gallery automates generation of correspondence, notices and alerts which highly contributes to the productivity and profitability business.

Harnessing the power of technology for the evolving PH real estate landscape

Harnessing the power of technology for the evolving PH real estate landscape


Real estate industry experts expect the rise of Philippine real estate players joining the lucrative REIT industry. But are the ERP systems of real estate companies ready towards this evolving trend in the real estate industry?

Overview in the Philippine REIT:


A Real Estate Investment Trust (REIT) is a publicly-listed stock company that owns income-generating real –estate assets, such as malls, offices, warehouses, hotels, and other infrastructures like power plants and toll roads. The income cascades down to investors in the form of dividends.


The Real Estate Investment Trust (REIT) Law or Republic Act No. 9856 or Philippine REIT Law was enacted in 2009 with the goal to promote economic development in capital markets, democratize the distribution of wealth by increasing Filipino participation in the Philippine real estate market, enable the financing of infrastructure and other projects through the management of capital markets, and provide protection to the investing public. Philippines REITs are required to disburse 90% of incomes as dividends.


In the overview of the 3rd APAC REIT Investment Summit 2019, it stated that the REIT market is an extremely lucrative investment product valued at about $68.33 billion in Asian capital markets and at $604 billion globally back in 2008, the time when the Philippine government was still having discussions on the passage and the plans for the REIT.


“The REIT industry across the world has continued growing since the passing of REIT law in the Philippines. In June 2014, the industry was estimated to be valued at about $140 billion in Asia and $1.4 trillion cumulatively in all parts of the word,” it added.


However, since the passing of the REIT Law in the Philippines, it has not made significant progress in attracting REIT listing s due to a couple of taxation hindrances.


Today, with the recent move of the Philippine government, specifically the Philippine Stock Exchange and the Securities and Exchange Commission (SEC) towards an investor-friendly rules on REIT to further the investment flows and help sustain growth in the Philippine capital markets, industry experts foresee a wave of REIT listing starting this year.



PH REIT developments to bolster REIT Listings


But are the real estate companies ready?


With all the opportunities REIT offers comes the challenge. One of the biggest setbacks the REIT-listed companies face involves the reporting--- since they have relatively higher level of risk compared to their private equity counterparts.


The NOAH Real Estate Management software meets all the requirements in the management and operations of REIT -listed companies. It can handle the challenges REIT-listed companies commonly face in terms of reporting, such as data accuracy and visibility with its automated financial system for real estate companies. NOAH Real Estate Management software has complete accessibility to create, generate, and publish financial statements, variance analysis, performance management reports and dashboards, and other statutory and management reports, REIT companies can ensure compliance with specific business and investment models.


With the technologies wide and seemingly unlimited scope, data security is a paramount concern. In terms of security, the NOAH Real Estate Management software provides holistic security parameters where the system user is ensured that all sensitive information is protected to prevent hacking incidences.


With NOAH Real Estate Management Software, you can adapt to the ever-evolving market shifts to drive significant outcomes in the real estate sector.



NOAH: Advancing the role of ERP

NOAH Business Applications: Real Estate Management Software Cloud Platform

NOAH Business Applications: Real Estate Management Software Cloud Platform


Providing real estate developers with an end-to-end solution in a Cloud platform for them to meet all their requirements in the management of their construction and real estate businesses

Real Estate Management is the core business process of a real estate developer. It involves essential and relevant activities such as market research and planning, land acquisition management, project management, selling, documentation, broker management, customer account management, settlement of real estate taxes, and titling. This article aims to show how NOAH Real Estate Management System could help manage various aspects of a realty business, from womb-to-tomb.


Traditional way of handling, recording, monitoring, and accounting real estate transactions includes the use of paper and spreadsheets. This often results to inconsistent, inaccurate, and erroneous data and documents thus affecting the overall productivity and performance of the different divisions of an organization.


The direct solution to these common challenges is to set up integrated software which greatly minimizes input and processing times, maximizes efficiency, and increases data accuracy and reliability. Data and documents are readily available and can be retrieved any time. With the system in place, information is usually backed-up to ensure that no pertinent data is lost.



NOAH Real Estate Management System


Designed and developed to address the growing needs of real estate developers, the NOAH Real Estate Management System grants full visibility of the realty life cycle, from the time the raw land was acquired up to the transfer of title to individual buyers. It aims to deliver solutions for horizontal and vertical project developments.


Created as one integrated solution based from the best practices in the real estate industry, the system captures the workflows from the time the customer account was created up to the termination of the contract which may be due to non-payment or cancellation or full payment and title transfer. Not only that it guides the system users of the next procedures to be undertaken, but also provides real-time monitoring of the customer accounts, whether its related to the unit, payments including compliance of Post-Dated Checks (PDCs), outstanding balances, documents, and turn-over and move-in status.


Documents for generation, printing, routing, and signature are made available. These include but not limited to Reservation Agreement (RA), Contract to Sell (CTS), Deed of Assignment (DOA), and Deed of Absolute Sale (DAS).


Plugged-in with relevant validation and controls, the system ensures that collections from customers are applied based from the application of payment hierarchy. With the automatic computation of penalties due to late or non-payment, generation of outstanding balance details on the Statement of Account (SOA) and on the collection notices has been made easier, more transparent, and faster.


Handling of special transactions affecting the customer’s account during the amortization period is also facilitated in the NOAH Real Estate Management System. These include the following:

  • Ledger Adjustment
  • Change of Payment Terms
  • Change of Due Date
  • Change of Payment/Financing Type
  • Transfer of Unit
  • Transfer of Rights and Ownership
  • Sales Cancellation
  • Restructuring
  • Reinstatement


Cloud Platform for Accessibility


The NOAH Real Estate Management System runs on a cloud platform to enhance accessibility. Compared to the traditional way of installation, configuration, and maintenance of software applications, the cloud platform operates on an easier and simpler method allowing authorized system users to benefit readily from the features of the NOAH Real Estate Management software anywhere and anytime as long as there is internet connectivity.


With cloud as a platform, real estate developers can monitor the full real estate development and selling life cycle all at the convenience of their smart phones, iPad or tablets, and laptops or desktops.


In terms of security, the NOAH Real Estate Management System has a complete set of security parameters where the system users can control what can be viewed and who can view the data and documents in the course of handling, recording, monitoring, and accounting real estate transactions. This ensures that any sensitive information is protected, kept confidential, and is intact eliminating the possibility of hacking.


With NOAH Real Estate Management System operating on a cloud platform, data needed by management for reporting, analytics, and decision-making become readily available and accessible thereby increasing efficiency and productivity.


For more information on the NOAH Real Estate Management System, please email them at info@noahapplication.com

Top 5 Features of Real Estate Management System

Top 5 Features of Real Estate Management System


Know why top real estate companies in the Philippines decide to replace, complement or supplement their existing ERP packaged systems.

The Philippines in general is a resilient country with its people going through all sorts of challenges in its socio-economic, geo-political, and environment fronts. Different business industries in the country experience difficulties on their day-to-day operations. However, one particular industry in the local business scene is still on the upscale direction-- the Philippine real estate industry. With the present administration’s main thrust on the Build, Build, Build program, private sectors are eye-balling the towns and cities across the country, focusing on the mixed-used properties, roads, bridges, air and sea ports.


In fact, the real estate industry is among the main drivers of GDP growth in the Philippines during the last quarter of 2017 and is still poised to grow for the rest of 2018.


But how can the companies in the real property sector adapt with the increase of demand and growth in this industry? Real Time automated systems are a must to support the financial and operational data needs of property developers and sellers. This article will guide companies in their quest to find the most efficient and effective business solution for the Real Estate Industry with these top 5 best features of a Real Estate Management System.


1. Real Estate End-to-End Solution

Legacy systems and off-the-shelf solutions offer non-integrated, disparate sources of data producing inconsistent and unreliable processes and results.

An end-to-end real estate solution provides seamless integration to manage land banking, project conceptualization, construction, inventory management, sales and booking, contracting, online document management, billing and collection, broker management, taxes and titling, and turn-over and move-in.

Real Estate Management System

2. Accounts Monitoring, Customer Ledger Generation, and Income Recognition

The thrust of a real estate company is to serve its customers by providing a 360- degree view of each customer’s transactions. There must be an efficient management and monitoring of customer accounts through the use of Customer Ledger and comprehensive collection/cashiering screens that adhere to the International Financial Reporting Standards (IFRS) of income recognition. Displayed on an understandable horizontal format, the Customer Ledger covers all payment components such as Principal, VAT on Principal, Miscellaneous, VAT on Miscellaneous, Penalty, VAT on Penalty, Interest, and VAT on Interest.

Real Estate Management System
Real Estate Management System

3. Financial System for Real Estate

With the mandate of regulatory agencies, a fully compliant financial system is necessary for Real Estate Companies to prevent heavy imposition of penalties and inconvenience to both the sellers and the buyers. The financial system must have complete accessibility to create, generate, and publish financial statements, variance analysis, performance management reports and dashboards, and other statutory and management reports. Direct and/or inter-agency compliance with prevailing regulatory requirements set forth under the Maceda Law, Securities and Exchange Commission (SEC), Bureau of Internal Revenue (BIR), and Housing and Land Use Regulatory Board (HLURB) must be inherent to the transactional system.


4. Project Management System

At the onset costs, timeline, and progress must be observed and examined carefully to protect the interest of the development and construction phase. The system should be fully integrated to support the extensive process of project management from pre-construction to project close-out or turn-over. With exacting features in project budget, construction stages and activities, project calendar and construction timelines, and Percentage of Completion (POC) or project progress, the Project Management System will deliver a cost effective and timely completion of the projects.


5. Customer, Broker, and Vendor Engagement

A critical function that provides a holistic approach in promoting the continuing relationship with customers, vendors, and brokers by providing interactive communication thru the on-line system offering ready access to information.

Real Estate Management System

The NOAH Real Estate Management System, which is one of the galleries of NOAH Business Applications, possesses all these features as the foundation of a mission critical system addressing the demands and challenges of the Real Estate Industry. With NOAH Real Estate Management System, upward trend will continue, growth will be realized, and success will be inevitable.


For more information on the NOAH Real Estate Management System, please email them at info@noahapplication.com


NOAH Business Applications

Advancing the role of ERP
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