RISMEDIA, November 4, 2010—Realty Executives International, Inc. announced their partnership with planetRE. The planetRE Money and planetRE Compliance platforms together offer the Realty Executives global network of real estate brokers and agents one of the first Web 2.0 based platforms in the world to service the real estate industry with advanced financial analytics, an online broker compliance component, a transaction and risk management platform, and it is one of the only software programs that integrates with multiple accounting platforms like Intuit’s QuickBooks and MLS.
“We have real estate franchises around the world and QuickBooks is one of the most widely used accounting software applications for small businesses globally,” says Karen Dunham, chief financial officer for Realty Executives International. “Now, with our partnership with planetRE, our 11,000 brokers and Executives (real estate agents) can seamlessly integrate QuickBooks into a customized financial and transaction solution specifically designed to best support their real estate business.”
“We are excited to partner with Realty Executives International and offer them advanced financial, transaction, risk management and compliance solutions,” says Subrao Shenoy, CEO of planetRE. “This paperless software application includes customized templates, charts and, most notably, offers users the ability to see their pipeline and financials online, in real time.”
The system scales from a single agent office to large MBOs. planetRE Money understand complex commission rules, schedules, and fee structures for managing commissions. It generates printable checks, 1099, agent receivables summary, and all financial management aspects of the real estate operation. The system also integrates with major franchise reporting and accounting general ledger packages. It produces online pipeline and financial information that can be accessed using handheld devices like a Blackberry or iPhone.
PlanetRE Compliance offers high speed conversion of paper to electronic documents, electronic signatures, auditing, and file review logic with detailed compliance logs. It serves as a center of communication for clients, agents, office, staff, co-op agents, and vendors over the entire transaction lifecycle. In addition, the built-in planetRE Vault provides secure long term storage of all transaction data and documents using the RSA SecurID technology.