Property management system
Encyclopedia
Property management systems may be used in real estate, manufacturing, logistics, intellectual property, government or hospitality accommodation management. They are computerised systems that facilitate the management of properties, personal property, equipment, including maintenance, legalities and personnel all through a single piece of software. They replaced old-fashioned, paper-based methods that tended to be both cumbersome and inefficient.
a property management system also known as a PMS is a computerized system used to manage guest bookings, online reservations, point of sale, telephone and other amenities. Hotel property management systems may interface with central reservation systems and revenue or yield management
systems, front office
, back office
and point of sale
systems.
There are many different types of property management systems available like OPERA
and GUEST360, but a user/business will want to work with the different companies to determine which property management system best fits their needs.
since authorities hold and manage large property estates ranging from schools, leisure centres, social housing and parks not to mention investment properties such as shops and industrial estates - even pubs. All of these are necessary income earners for a local authority, so the efficiency gained through an automated, computerised system is essential.
Property is defined as the equipment, tooling and physical capital assets that are acquired and used to build, repair and maintain end item deliverables. Property Management involves the processes, systems and manpower required to manage the life cycle of all acquired property as defined above including Acquisition, Control, Accountability, Maintenance, Utilization, and disposition.
Hospitality industry
In the hospitality industryHospitality industry
The hospitality industry consists of broad category of fields within the service industry that includes lodging, restaurants, event planning, theme parks, transportation, cruise line, and additional fields within the tourism industry. The hospitality industry is a several billion dollar industry...
a property management system also known as a PMS is a computerized system used to manage guest bookings, online reservations, point of sale, telephone and other amenities. Hotel property management systems may interface with central reservation systems and revenue or yield management
Yield management
Revenue management is the process of understanding, anticipating and influencing consumer behavior in order to maximize yield or profits from a fixed, perishable resource...
systems, front office
Front office
Front office is a business term that refers to a company's departments that come in contact with clients, including the marketing, sales, and service departments...
, back office
Back office
A back office is a part of most corporations where tasks dedicated to running the company itself takes place. The term "Back office" comes from the building layout of early companies where the front office would contain the sales and other customer-facing staff and the back office would be those...
and point of sale
Point of sale
Point of sale or checkout is the location where a transaction occurs...
systems.
There are many different types of property management systems available like OPERA
MICROS Systems
MICROS Systems, Inc., is headquartered in Columbia, Maryland, USA. The company manufactures and sells computer hardware, software, and services for the restaurant point of sale, hotel, hospitality, specialty retail markets and other similar markets...
and GUEST360, but a user/business will want to work with the different companies to determine which property management system best fits their needs.
Local government
Property Management Systems are used in local governmentLocal government
Local government refers collectively to administrative authorities over areas that are smaller than a state.The term is used to contrast with offices at nation-state level, which are referred to as the central government, national government, or federal government...
since authorities hold and manage large property estates ranging from schools, leisure centres, social housing and parks not to mention investment properties such as shops and industrial estates - even pubs. All of these are necessary income earners for a local authority, so the efficiency gained through an automated, computerised system is essential.
Manufacturing and Logistics Industries
Property management systems are used to manage, control and account for personal property.Property is defined as the equipment, tooling and physical capital assets that are acquired and used to build, repair and maintain end item deliverables. Property Management involves the processes, systems and manpower required to manage the life cycle of all acquired property as defined above including Acquisition, Control, Accountability, Maintenance, Utilization, and disposition.
See also
- Hotel Technology Next GenerationHotel Technology Next GenerationHotel Technology Next Generation, commonly referred to as HTNG, is a global, non-profit trade association serving hotel companies and technology providers. It was founded in 2002 and is governed by a board of directors consisting of senior technology executives from hotel companies...
- Computer reservation system
- Computer aided facility management
- On-Site.comOn-Site.comOn-Site.com is a patented online lease management software system that minimizes or replaces traditional paper-based functions whileensuring compliance with laws pertaining to fair housing, resident screening, creditreporting and lease contract forms....