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Zavanti allows you to define your property hierarchy to suit the type of developments that are relevant to you. This enables complete on going management of these properties. The hierarchy would generally include:
This capability allows you to set up any Development Model “chart of accounts” and then relate this chart to the General Ledger financial model in the manner you desire. This is made possible as the solution is a seamlessly integrated solution, with Accounts Payable, Accounts Receivable and the General Ledger.
We recognize that the property development process can be complex with many entities involved. Zavanti has built into key functions, such as Sales processing and Accounts Payable invoicing, the ability to create your intercompany loan journals to efficiently manage your group activities. For instance the Accounts Payable Invoice function allows you to record the liability for the invoice to a supplier in company A, but to dissect the cost to a Company, Estate and Stage in company B.
"Development" is part of the Enterprise Resource Planning (ERP) & Financials line of products, developed by Zavanti.
Enterprise Resource Planning (ERP) & Financials is a horizontal product. It offers functionality designed for usage across a wide variety of industries and business types.