Prominent international luxury franchisor adopts transaction and financial management platforms for top markets
planetRE, the nation’s leading enterprise cloud vendor for online real estate, has signed a multi-year partnership with a large franchise ownership in California, operating for international luxury brand ENGEL & VÖLKERS; on to its flagship platforms – planetRE Transact™, planetRE Money™ and newly announced planetRE Crystal™, the industry’s first cloud based big data franchise management system.
planetRE Crystal is browser agnostic and the industry’s first automated cloud-based big data franchise management system with real time insights in to operations, financials, production, contracts, renewals, fees, receivables, and currency conversions with the ability to handle large global footprints.
With built in hierarchy and federated office/agent roster capability, Crystal can setup and scale real estate franchise operations quickly. The core flow consists of real time production data from transaction management Transact with built in MLS property and status “tally”; synching to Money financials for accounting and to Crystal franchise management – automatically with no double entry.
Contract docs are uploaded with ease, stored, shared with collaborative e-signatures and action plans. The big data platform then displays deep operational analytic and accountability at all levels.
“We are excited to launch planetRE tools to our shops,” said Mathias Bode, CEO of with ENGEL & VÖLKERS® California. “planetRE Money and Crystal offers our network with financial reporting and deep operational insight at all levels.”
“Brokerages and franchisors need brutal transparency in modern business,” said Subrao Shenoy, CEO of planetRE. “Reports showing compliance, financials with MLS tally offers uncompromised accuracy. This empowers franchise operators with collections, analyze performance, growth, agent compensation, tighten compliance & expenses.”