Finance

TGM use an integrated accounting and property management system called Axapta, originally developed by Microsoft. This system is currently used across our portfolio.

  • We have an internal software development team which has the license to further improve the system. There are several modules which are dedicated to support and connect accounting and operational activity. During the last 6 years of TGM operation our teams (both IT developers and property management experts) through common effort delivered dedicated solutions for all departments
  • The major advantage is brought by PMAx module which provides the background for smooth and transparent property management service provision. Throughout its functions our team benefits from minimizing human error in the field of contract database management. The following functionalities are available in

PMAx module:

  • Regular invoicing of standard fees (Base rent, Service charge, Marketing fees etc.)
  • Turnover rent reconciliation and invoicing
  • Utilities reconciliation and invoicing
  • Regular invoicing of standard fees (Base rent, Service charge, Marketing fees etc.)
  • Turnover rent reconciliation and invoicing
  • Utilities reconciliation and invoicing

Property Accounting

  • Rent Roll administration and maintenance in conjunction with tenant relationship manager/lawyer
  • issuing outgoing invoices / authorisation, monitoring and payment of incoming invoices
  • credit control
  • property reporting on income and expenditure
  • variance analysis
  • service charge reconciliations
  • utility cost recharging

Loan Administration

  • Administration and monitoring of bank loan compliance against leases
  • loan payment
  • loan covenant provision
  • breach reporting

Statutory Entity/Corporate Accounting

  • Statutory accounting
  • tax administration
  • payment processing
  • cash management
  • preparation of annual financial statement and lodgements
  • client reporting on Asset level
  • Fixed and other Asset monitoring and booking
  • accruals
  • all other financial / statistical reporting
  • assisting audit procedure