December's Pereview Power: New trial balance & workflow functionalities available

Release Notes Email Header - October 2024 (1)

Hi Friend,

We’re excited to introduce the latest enhancements to Pereview, designed to boost efficiency, streamline processes, and enhance data integration. In this release, you’ll find new features that improve how you manage financial data, track workflows, and access reporting tools to help you get the most out of Pereview.

Store trial balance beginning and ending balances

Phase 1 of this new functionality introduces the ability to store both beginning and ending balances from trial balance reports, in addition to the period activity, for enhanced financial tracking. Future developments (Phase 2) will focus on reports for validation and troubleshooting, ensuring data accuracy throughout the submission process.

Workflow updates

To streamline processes and ensure timely notifications, we've made some updates to our workflow functionality.

Workflow reminders allow you to set a due date on a workflow task and send a reminder before it is due or a late reminder if it is past due.

Event-driven workflows by property status can be triggered by any asset change, ensuring timely notification, as well as improved tracking and task completion.
Forms within workflows now support customizable headers and dividers to enhance organization and readability.

Previous Workflow Updates

Transaction Menu

This sample Transaction Menu workflow demonstrates how the function could be used to establish consistency when closing on a Transaction.

Watch a Transaction Menu workflow video below or click here.

Walkthrough of Workflow in the Transactions Menu

Ownership Menu

This sample Ownership Menu workflow demonstrates how the function could be used to manage a quarterly credit facility reallocation process.

Watch an Ownership Menu workflow video below or click here.

Asset Menu

Watch this Asset Menu video to learn the basics of creating, configuring, assigning, and managing asset-related workflows in Pereview.

Watch an Assets Menu workflow video below or click here.

Here are a few workflow use cases...

Automatically request monthly reviews of financial reports
Transaction close process to ensure the information has been set up consistently in Pereview for new investments
Credit facility reallocation process to review loan balances
Create a workflow for lease approval requests
Manage annual tax reporting processes, including appeals

We're sure you'll think of others, and we're here to help!  Once we identify common workflow scenarios, we will make them available in all client environments by default.