IKEA Property is a part of the Swedish group IKEA — the largest furniture retailer in the world. Today, the IKEA trademark represents the leading home furnishings brand in the world with more than 330 stores in 40 countries and close to 154,000 co-workers.
IKEA Property is responsible for the development and management of MEGA shopping malls – the largest chain of commercial centers in Russia and the CIS, including 14 shopping malls with a total gross leasable area of 2,2 million square meters. IKEA Property also owns and manages Khimki Business Park – a large complex of office buildings, located near Moscow.
Maconomy Property Solution has successfully deployed at IKEA Property offices in Russia. The system provides functionality for handling customer and lease agreement details (e.g. locations occupied, leasing rates, payment terms, etc.); invoicing both recurring (rent, services, utilities) & ad-hoc (construction, marketing, interest) charges; issuing statutory documents (tax invoices, acts) to tenants.
Thousands of standard documents such as lease agreements, reminders, termination notes, confirmations, etc. are automatically produced in Maconomy, printed out and sent to tenants each month. Interfaces have been developed between Maconomy and IKEA electronic banking system as well as with the corporate financial accounting system. At present, more than 300 users in 15 locations work on a central Maconomy server located at the IKEA Property head-office.