Timeshare stands for a kind of shared property ownership. Under this concept, there are several owners; each one has a right on some property, which is capable of getting configured in numerous ways. Mostly, it is a club kind of activity, and the timeshare ownership is mainly for the resort, recreation and vacation club condominium units. In these properties, multiple parties share rights to utilise a unit, and the owners of shared accommodation are allocated periods. Timeshare software is designed to streamline these operations.
A timeshare software solution is specially developed to help in streamlining the operations of all the enterprises involved in timeshare properties. Timeshare projects are usually created on a variety of models, and the software is designed to monitor different ownership contracts. Some of the timeshare solutions merge varying type of timeshare, in addition, to complete ownership and/or hotel rentals.
A timeshare software may not be useful until and unless it is segregated into modules by the departments that are part of a timeshare enterprise. In such a case, one may find different software module for management, sales, finance & marketing. The marketing part consists of subcategories, such as lead management & fulfilment. In a sales module, one may find various documents templates, loan notes etc.
Features of Timeshare Management Software
The maintenance and housekeeping module of the timeshare management software solution aids in automating department tasks which keep employees on schedule and trouble-free. The solution is designed to handle annual billings, create work orders, and arrange the cleaning schedule. This integrated toolkit facilitates work order creation, paying vendors, generate recurring invoices, track inspections and cleanings. This housekeeping software module adds in adding automatic late fees, and finance charges to annual maintenance fees(AMFs), efficiently and quickly.
Sales & Marketing
This robust and all-embracing module is something that manages your system’s sales and marketing operations. It tracks all the leads right from the source to sale with sophisticated data mining toolkit. Additionally, regardless of the product type, this module provides complete control of the sales process. The process ranges from printing contracts and creating an inventory to reporting and tracking ownership changes. This functionality efficiently manage leads right from start to end. Also, it is capable of easily managing contacts and quickly qualify leads.
The world of timeshare management is huge, and an inventory management module is a significant element of it. This functionality of the hospitality solution helps in maximising the yield monitoring and inventory management while performing all the property management activities. These activities include central reservations, desk reception, night auditing and shift change kind of stuff. This software solution communicates with the system and ensure the implementation of your preferences so that a perfect mixture of guests and members can be delivered.
The timeshare management software is designed, keeping in mind that the solution possesses all the accounting functionality that a quality bookkeeping requires. With this feature-rich solution, easily finish all your transactions quickly. The double-entry accounting module caters a range of accounting functions for multiple organisations, products, countries and currencies. It also covers a range of operations including, modify tax codes, online cheque book reconciliation, credit card, data history sorting and E-check processing.
Whenever your system has unsold units or owners asking to rent out their weeks, one would undoubtedly require a timeshare management solution equipped with rental reservations tool for taking care of the front desk. The solution manages your rental properties, third-party syncs, and much more. It covers a range of tasks including, online web reservations and property listings, guest tracking, colour coded reservation calendar, rental rate management, email automation, guest CRM, online payment services, document generation, rental agreements and much more.
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