Sage 300 Construction and Real Estate is an end-to-end construction and property management product.
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VTS
Score 9.7 out of 10
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VTS is an asset management and leasing platform built to provide real-time portfolio analytics to landlords and brokerage firms. VTS allows brokers and landlords to manage deal activity, a desktop or mobile device.
I think it's only appropriate if you're already using the software as it's so antiquated and hasn't been evolving nearly quick enough to keep up with modern expectations. There is no API, making it impossible to easily integrate with other systems, which I would say, is table stakes in this modern environment.
VTS is still growing in its features on retail properties. As a product that originated in the office and broker world, it has had a learning curve for shoppiong centers. It has made great progress in the 2+ years we've been on the system, and there is more to come.
The defaults for the dashboards go into a longer time frame than how we look at production and leasing activity. We are year-to-date driven, and that view isn't readily available on the dashboards.
We are still working on getting Deal Approval flow active in our organization. We have a two-round approval process, and VTS currently is structured for a single approval round. We are finding ways to make it work, but it's still a workaround.
Sage is somewhat easy to use as far as its simplicity, however, when I first started using it I really wished there were more training materials available. As I did research to figure out what resources were there to learn how to use the paid software, all I found were courses you have to pay for. In my personal opinion, I don't think you should have to pay to learn how to use a software you bought.
Their support services are strong once you start talking to them. There is often a long wait for support if you try to call them on the phone. I also find it challenging to do support via e-mail because of the time lag and the simplex form of communication.
In the case of Procore vs. Sage it's like apples and oranges. Procore is not an accounting software although they do offer some accounting tie-ins to Sage's data so it's possible for a company to use both but the cost of that is astronomical, Sage already having a larger yearly fee along with Procore's astronomical fees. In comparing I will concentrate on the Project Management side where I would give the big edge to Procore both for usability, interface and mobility however when you compare the price differences it becomes difficult to recommend Procore at all. Considering yearly costs for every $100 one has to pay for Sage they have to pay $500 for Procore so if your year Sage maintenance cost is $25,000 you will have to pay between $100 to $200K for Procore and that is only for the PM side of things. If one is cost-conscious then Sage is by far the better choice.
We looked at a number of products when making the decision to go with VTS. What we found was that most of the other products in the space were either real estate addons to SalesForce, or an additional module to a software that was focused on another use, like accounting or property management. VTS was the only product we reviewed that was born, bred, and focused on commercial real estate. It became apparent that it was best in breed at the time, and they have been aggressive at making product enhancements and continuous improvement to stay the leader in their space.
It allows a small leasing team for the owner to quickly look over the entire portfolio and approve/alter proposals with a variety of brokers in a very efficient way.
It allows us to track space encumbrances and availability easily.
We've given access to our JV partners, and that has cut the number of conference calls sucking away time from our day by about 70%.
