RealPage, Inc. provides on demand software solutions for the rental housing industry in North America. Products and Services The company’s platform consists of its property management solutions, as well as seven families of software-enabled value-added services. These services provide complementary sales and marketing, asset optimization, risk mitigation, billing and utility management, and spend management capabilities that collectively enable customers to manage the stages of the prospect and resident lifecycles. Each of its property management solutions and its software-enabled value-added services include multiple product centers that provide distinct capabilities and can be licensed separately or as a bundled package. Each product center is integrated with a central repository of prospect, resident and property data. Its platform also includes a set of shared cloud services, including reporting, payment, document management and training functionality that are common to all of product families. Third-party applications can access property management solutions using RealPage Exchange platform. The company’s platform is designed to serve as a single system of record for all of the constituents of the rental housing ecosystem, including owners, managers, prospects, residents and service providers, and to support the entire resident lifecycle, from prospect to applicant to residency to post-residency. Common authentication, work flow and user experience across product families enables each of these constituents to access different applications as appropriate for their role. The company offers different versions of platform for different types of properties. Its platform supports the specific and distinct requirements of: conventional single-family properties (four units or less); conventional multi-family properties (five or more units); affordable housing and urban development, properties; affordable tax credit properties; rural housing properties; privatized military housing; commercial; student housing; senior living; and vacation rentals. Property Management Solutions The company’s property management solutions are typically referred to as enterprise resource planning (ERP) systems. These solutions manage core property management business processes, including leasing, accounting, purchasing and facilities management, and include a central database of prospect, applicant, resident and property information that is accessible in real time by its other solutions. Its property management solutions also interface with general ledger accounting systems through its RealPage Exchange platform. This makes it possible for customers to deploy the company’s solutions using its accounting system or a third-party accounting system. OneSite OneSite is the company’s primary on demand property management solution for multi-family properties. OneSite includes 11 individual product centers. Seven versions of OneSite are tailored to the specific needs of conventional multi-family, affordable housing and urban development, affordable tax credit, rural housing, privatized military housing, student housing, and commercial. OneSite Leasing & Rents: This product prospects, generates, presents and records price quotations, generates lease documents, schedules move-ins and posts financial transactions to the resident ledger for both new residents and renewal of existing resident leases. Seven versions support the needs of its target residential rental markets. OneSite Facilities: This product manages asset warranties, inventory, service requests and unit turnovers so that when a resident moves out, the resident ledger is automatically updated with any damages to be incorporated into the resident’s final account statement. OneSite Purchasing: This product manages work orders and procurement activities and calculates operating budget variances. OneSite Accounting: This product provides back-office general ledger, accounts payable and cash management functions. It licenses OneSite Accounting from a third-party accounting software provider and has modified it to meet the needs of the rental housing industry.
realpage inc (RP:NASDAQ GS)
4000 International Parkway
Carrollton, TX 75007-1951
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