Contract administration

Payment processing
This flowchart describes the process of processing real estate payments in TRIRIGA. This process includes identifying whether payments are scheduled, whether payments are accounts payable (AP) or accounts receivable (AR), and whether payments are recurring. Depending on the conditions, you can process a receipt, make a payment, or generate a credit.

Operating expense management
This flowchart describes the process of managing operating expenses (OPEX) in TRIRIGA. This process includes generating a reconciliation record with the calculated expenses, entering the actual expenses, and comparing the actual expenses to the calculated expenses. If necessary, a one-time payment or credit is generated, and any affected payments are adjusted.

Financial compliance
This flowchart describes the process of complying with financial or lease accounting standards in TRIRIGA. You can apply an operating lease treatment to generate a straight-line schedule or a capital lease treatment to generate a capital or finance schedule.

Adjust payments
This flowchart describes the process of adjusting real estate payments in TRIRIGA. This process includes adjustments as a result of OPEX or CAM reconciliation, percentage rent, sales reporting, indexed rents, and reviews or reassessments of the current lease or contract. In turn, payment adjustments can affect payment processing and financial compliance.

Review the lease contract
This flowchart describes the process of reviewing or reassessing the current lease or contract as a result of alerts, notifications, expirations, or other defined events in TRIRIGA. This process includes amendments to the lease, and changes to the lease data, which can also affect payment adjustments or financial compliance.