Sortium – Management Conversion
To Make a Long Story, Short.
Sortium simplifies management conversion by streamlining the transfer process. As a cloud-based system, all documentation is centralised, paper-light, and it updates and saves in real-time; keeping progress transparent and communication straightforward at every stage, and for everyone involved.
Effectively freeing up resources while safeguarding success rates, Sortium makes the difference when it comes to modern management transactions.
Benefits.
A technological advantage for all sides.
In Short: For Buyers.
Outlining the exact scope of managements to be converted, including all documentation and agreed-upon multipliers, Sortium allows buyers to track the transfer status. With the ability to review all information and tick off those managements ready for payment, it’s an essential tool for comprehensive due diligence, conversion, and retention. Keeping buyers prepared and set up for success come successful transfer.
In Short: For Stakeholders.
Granting view-only access to those that have vested interest in seeing the transfer’s progress, Sortium also supports lenders, admin, legal and accounting teams. With outstanding values and total conversions updated in real time, the system upholds transparency and accountability throughout the transaction and allows external partners to provide accurate and timely data for settlements.
In Short: For Sellers.
Documenting progress at every stage — call made, new authority sent, signed and returned, etc. — as well as calculating values, Sortium centralises all due diligence and information relating to the transfer of managements. Simple to use and highly effective in ensuring a smooth conversion process, it greatly benefits clear communication for both parties — and all involved stakeholders too.
In Short: For Businesses.
Historically documented in archaic spreadsheets, Sortium is the 21st century’s answer to management conversion, simplified. Set up as a versatile system, it can adapt to your business while safeguarding the same effectiveness of transfers.
Process.
Progress through process.
1.
Seller setup
2.
Seller initiates landlord contact and obtains new Management Authority.
3.
Seller to collate all required documents.
4.
Buyer to check data and documents.
5.
Buyer to contact landlords.
6.
Seller to update data, generate arrears and vacancy reports five days prior to settlement.
7.
Buyer to ‘Accept & Settle’ managements.
8.
Pendium to produce Settlement List for approval.
Testimonials.
Sortium in situ.