We sat down for a Q&A with Byron Ayle, the Senior Director of Real Estate Administration at PetSmart, as he shared his experience with searching for, finding and using the itamlink property tax software.
Specifically, we wanted to capture multiple years of detailed Property Tax data for our 1,600+ properties.
We like to joke that we are “data rich, but aggregate poor.” itamlink has allowed us to take the data we have sitting around, aggregate it and use it to help make decisions that can reduce property tax expense.
Primarily, we wanted:
itamlink solved these issues for us, plus we picked up some additional benefits around calendarizing due dates where we pay the taxing jurisdiction directly, notifications to prevent late fees and interest, and we can generate monthly accruals for the accounting team.
We have taken advantage of the pro-rata share functionality. We are loading our landlord reimbursement properties and itamlink does the math on the shopping center tax bills to carve out PetSmart’s exposure. This provides us with a portfolio view of our asset control and exposure totals. We can look by state, jurisdiction, etc. and begin to look at data at a company level not just the pay-direct locations.The pro-rata share functionality update is huge for us (retailers).
Appeal management has been a big gain for us as well. The nature of the appeal game is that your appeal team is working on appeals from several years ago, but you are busy reviewing and paying current activity. You need a tool to manage and track what appeal is active, deferred or complete. Did you get the refund yet? Does the refund match what you expected? Did you pay your appeal team their contingency? These are all items you can track efficiently and report on in itamlink.
Capture has been a great addition and worth the additional licensing cost. We do not want our associates keying in data; Capture grabs it and loads it for us.Eliminate fat-finger errors and boring, redundant tasks, and instead spend that time analyzing data to reduce expense.
The general layout and navigation is simple to use and logical. When reviewing the other products in this space, we immediately noticed the clarity and simplicity of itamlink. As a user, you want to reduce clicks to navigate and work through screens that make sense and flow from step-to-step.
The Rethink team has been a pleasure to work with to get us on the right path for our specific vision. They are easy to bounce ideas off and answer our questions on general usage. We pepper [them] regularly and they are quick to respond and assist. If they don’t hear from us in a while, they reach out to make sure everything is going well.
The President of the company, Mordechai, came out and was on-site for our implementation. In all my software implementations, I never had the head of the company come to work personally with me and my team to setup the software.Probably why this was the smoothest software implementation I have experienced.Mordechai is always asking for feedback, always looking to improve on the software they have built and has even implemented a few of the improvements we asked for.
Attend the annual, free, itamlink user workshop. We attended this year for the first time and I regret skipping it last year. You will learn best practices, tips/tricks, ask questions, and get instruction specific to your issues, hear what other users are using the product for, and their challenges and of course, network with peers. We picked up some great instruction at the conference that has saved us hours of labor; the time savings easily covered the cost of attending the user conference.
At this event, Rethink also previewed the updates they are making to the user interface (UI). It says a lot about a company that continues to invest time and resources in maintaining a fresh UI, taking advantage of what users are seeing in other applications and platforms.Centralize, aggregate and use your data more effectively like PetSmart.
PetSmart used itamlink to easily visualize their data, allowing them to optimize their forecasting, reporting, and goal-setting processes.READ NOW
Duke Realty used itamlink to help maximize lease opportunities and manage time-intensive tasks in an efficient, cost-effective way.READ NOW
Vistra Energy used itamlink to replace manual processes and outdated systems, reducing errors and supporting the development of collaborative, scalable processes.READ NOW
Forest City used itamlink to organize their property tax data and centralize employee access to systems and data, reducing risk and strengthening business intelligence.READ NOW