Property Management Software is a program designed to help property managers manage residential and commercial properties on behalf of their owners. A property management system (PMS) is a software application for the operations of hospitality accommodations and commercial residential rental properties. PMS is also used in manufacturing industries, local government and manufacturing.
Functions managed by a Property Search Management include automation of :
√ Bookings √ Check-in and check-out √ Telephone systems integration √ Point of sale (POS) integration √ Event planning √ Food and beverage costing √ Hotel inventory supply management √ Reporting of key performance indicators (KPI) √ Security and room locks
A property management system is sometimes referred to as a hotel operating system or hotel OSPMS provides a centralized computer system to organize, schedule and perform the day-to-day functions and transactions involved in accommodations businesses. Computer record keeping and PMS have increased the efficiency of hospitality industries significantly simply by making it possible to update and consult centralized records from multiple computers and devices.