Property Matrix Strengths, Domain Expertise, and Key Differentiators
Property Matrix is a sophisticated, cloud-based property management solution designed specifically for apartment complexes and multi-family unit properties. This comprehensive platform encompasses a wide range of applications to streamline essential tasks, including tenant and lease tracking, property accounting, building maintenance, customer relationship management (CRM), and online classifieds. In addition to these core functionalities, Property Matrix offers advanced features for efficient document management, seamless recurring transactions, customizable email templates, powerful search capabilities, and convenient check scanning.
With its robust accounting package, Property Matrix empowers users with a comprehensive suite of financial tools. This package includes a versatile general ledger, ensuring accurate and transparent financial records. Moreover, the solution seamlessly integrates accounts payable and accounts receivable functionalities, providing a seamless and efficient payment ecosystem. The transactional history feature enables property managers to effortlessly track past financial activities, ensuring accurate and up-to-date financial reporting.
One of the standout features of Property Matrix is its ability to manage lease agreements effectively. Users can effortlessly track and organize lease agreements, ensuring all necessary information is readily available. Additionally, the solution allows for the creation of nested sub-accounts, facilitating streamlined financial management for multi-tenant properties. Property Matrix further simplifies payment processes by enabling users to receive and deposit payments from multiple tenants and vendors with ease.
Property managers can leverage the platform's intuitive vacancy and unit filtering capabilities to quickly identify available units and manage occupancy efficiently. The solution empowers property managers to create professional invoices effortlessly and keep track of maintenance requests in a centralized system, ensuring timely response and efficient maintenance operations.
Property Matrix Recent Developments
The company has recently launched a range of new features and enhancements, catering to the diverse needs of property managers. These developments have garnered positive attention from industry experts and clients alike, bolstering Property Matrix's reputation as an innovative solution provider.
Property Matrix Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Property Matrix applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Property Matrix and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Property Matrix customers.
Property Matrix Overview
6041 Bristol Pkwy #200b
Culver City, CA, 90230, United States
1 800-795 4100
https://www.propertymatrix.com/
Ownership: - x
Number of Employees: 30
Functional Markets: Content Management, CRM, ERP Financial, ERP Services and Operations,
Key Verticals: Real Estate, Hospitality,
Property Matrix Key Enterprise and Cloud Applications
Property Matrix
Property Matrix Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Property Matrix Revenue Breakdown By Type, $M:
Property Matrix Enterprise Applications Revenues By Functional Markets, $M:
Property Matrix Enterprise Applications Revenues By Verticals, $M:
Property Matrix Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Property Matrix Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Property Matrix Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Property Matrix Customers
No. of Property Matrix Customers: 1066
No. of Property Matrix Enterprise Applications Customers: 1066
No. of Property Matrix Cloud Customers: 1066
No. of Property Matrix Cloud Subscribers: 2700
With an extensive customer base, Property Matrix has cemented its position as a trusted solution provider in the property management industry. Presently, the company serves 1066 customers worldwide. Notable clients include Regent Properties, NARPM, MVM Property Management, Wininger Real Estate, Tread Companies, Rockella Management, Glozal Village, Stanley Assets Bridgewater Place, Dynasty Property Management, Nevarez-Smith Investments, 1st Choice Realty, FR Group, Brea Woods Senior Apartments, and Viamonte Realty, among others. The diverse customer base reflects the wide-ranging applicability of Property Matrix's solutions across various property types and regions.
Property Matrix Market Opportunities, M&A and Geo Expansions
Property Matrix seamlessly integrates with industry-leading partners such as TransUnion, ACH, VISA, and Mastercard, fostering a secure and efficient financial ecosystem for property managers. Furthermore, the platform offers seamless integration with check scanners, simplifying payment processing and streamlining financial operations.
In addition to its robust financial integrations, Property Matrix provides a comprehensive document management system that empowers users to generate, organize, and distribute essential documents to owners, tenants, and vendors. Within the platform, users have the ability to attach documents directly to email messages, ensuring seamless communication and collaboration. To enhance document organization and retrieval, Property Matrix enables users to tag documents as they are uploaded into the system, facilitating effortless search and retrieval. Additionally, users can preview documents in multiple formats, ensuring compatibility and accessibility for all stakeholders involved.
By combining powerful integrations with industry-leading partners and a robust document management system, Property Matrix enables property managers to streamline their operations, enhance communication, and maintain a centralized repository of critical documents, ultimately driving efficiency and productivity within their property management processes.
Property Matrix Risks and Challenges
While Property Matrix has established a strong position in the market, it is not immune to risks and challenges. Internal risks may include technical issues, such as the reported bugs in the reporting function, which can impact user experience and satisfaction. Addressing these concerns swiftly and proactively will be crucial for maintaining customer trust.
External risks may involve increasing competition from established players or new entrants, evolving regulatory landscapes, and economic uncertainties that can impact customer demand and spending patterns. To mitigate these risks, Property Matrix needs to continue its focus on innovation, customer-centricity, and agility in adapting to market dynamics.
Property Matrix Ecosystem, Partners, Resellers and SI
Property Matrix primarily operates through a direct sales model, utilizing a proactive approach to engage directly with prospective clients and establish strong, personalized relationships. This strategic sales approach allows Property Matrix to leverage its in-house expertise and industry knowledge to effectively showcase the unique value proposition of its cloud-based property management solution. By focusing on direct sales, Property Matrix ensures that its dedicated team of sales professionals can provide tailored solutions and comprehensive support, enabling property managers to make informed decisions and maximize the benefits derived from the platform.
Property Matrix Cloud Infrastructure Insights
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- Property Matrix Public Cloud and Infrastructure (IaaS)
- Property Matrix Platform (PaaS)
- Property Matrix Application Delivery
- Property Matrix Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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