Console Group has unveiled new capabilities for its Cloud solution and announced its Gateway platform will be retired in July.
Console Group notes they have been a leader in real estate, property management and trust accounting software for almost three decades, and have continued to be at the forefront of the industry with Console Cloud over the past two years.
Since it first launched in 2017, Console Cloud has reached some impressive milestones, with almost 2000 offices upgrading their software and many agencies reporting rent roll productivity increases by as much as 40 per cent.
Console Cloud has proven itself as one of the leading solutions in supporting property managers, owners and tenants to optimise every aspect of their rent roll performance and management.
Recently, group investors demonstrated their confidence in the future of Console Cloud with their series B investment round of $7.5 million.
This helped propel efforts into the design of new features including the introduction of Console Sales and Console Go Inspect as the next-generation developments in inspection applications and end-to-end automation.
The business has also just unveiled its newest capability, Console Commercial, which supports property experts to manage commercial portfolios of any size and opens new market opportunities for their customers.
Console CEO Charlie Holland said the next growth phases would focus on delivering never-before-seen benchmarking insights and business intelligence tools that would give property leaders greater confidence in driving data-led decisions across portfolios and profitability.
“For three decades, we have shared our property knowledge through Console Gateway which supported property management agencies across Australia and New Zealand.
“Today, we have capitalised on all that knowledge and learning and funnelled those efforts into the sophisticated Console Cloud solution that will withstand the decades to come and assist agencies in identifying leakages and profit opportunities.
“The capability of Console Cloud is highly scalable owing to its robust architecture and design and has been infinitely enhanced by the years of leading sector knowledge and insights generated by its Gateway predecessor,” Mr Holland said.
Mr Holland said the streamlined design of Console Cloud has allowed for significant advancements including the rollout of Console Commercial.
Console Commercial offers features including reductions in time expenditure of routine tasks, issuing recurring invoices for rent and outgoings, on-charging owner bills to tenants, grouping properties by building for top-down budget allocation, the capture and tracking of insurance expiries, compliance obligations and maintenance activities.
“The Commercial rollout will also take care of automating much of the expiring compliance items attached to properties, provide simple payment options for owners with multiple assets and share easy-to-read statements for owners which will summarise their income and expenses,” Mr Holland said.
“The Commercial aspect is very exciting and equally as exciting is the next growth phase we’re working on which will provide leading information resources and tools to support the lifelong education of new property managers entering the industry and those that guide them.”
Console announced this month that after 30 years of circulation the Gateway platform will retire in July 2021.
Upgrade paths to Console Cloud are being made available to all Gateway subscribers through to September 2021.