Master Data and the Administration Workspace
The Administration workspace establishes a global configuration for your data and how you want to organize your real estate portfolio. After you complete configuring your data, it is available to use to add assets (properties), contracts and leases, invoices, compliance requirements, and financial data such as cost centers and budgets. You may also then use the Real Estate Portfolio Intake Workbook (REPIW). You may continue to configure your data as your real estate portfolio changes by adding new data structures and removing others. The data that you configure in the Administration workspace is referred to as Master Data because it is available throughout REM.
About Master Data
Master Data is the set of data fields that you define and group under various data structures. For example, in Real Estate Manager you can define different types of invoices and associate specific data fields with each type of invoice. Master Data is unique to each client and must be defined prior to using Real Estate Manager. After the initial set up, Master Data can be edited, new Master Data can be added, and existing Master Data can be deleted. Master Data provides a consistent data structure across your portfolio while allowing for differences among different assets. Master Data makes managing your portfolio easier and more efficient.
Administration Workspace
The Administration workspace allows you to create and manage your Master Data in the system. To access the Administration workspace, from the Top NavBar, click Administration.
The Administration workspace tiles provide access to functions used to configure the Master Data as listed in the following table.
Management Tiles |
Description |
|---|---|
Cost Categories |
Data related to any payable or receivable associated with an asset. |
Asset Types |
Organizes assets into categories that group different types of assets. |
Contract Types |
Organizes contracts or agreements into groups that have similar characteristics. |
Invoice Types |
Organizes invoices (either payable or receivable) into groups. |
Divisions |
Defines your business structure along with the associated accounting codes. |
Contracting |
Defines the types contractors and any related certifications. |
Tasks |
Links users with tasks for Assets. |
| Bulk Import | Imports contract files in bulk. |
| Bulk One-time Invoices Upload | Uploads one-time payable invoices in bulk. |
For more information on Administration workspace functionality, click one of the following options: