In a strategic partnership that strengthens its digital transformation journey, TRADE ESTATES REIC has selected EPSILON DYNAMICS, a member of the EPSILONNET Group and a Microsoft Partner, along with the Microsoft Dynamics 365 Business Central Cloud – InnovEra solution, aiming to upgrade its business operations and effectively support its growth.
TRADE ESTATES REIC is one of the largest real estate investment companies in Greece and the only one specializing in retail parks and modern logistics centers. Its mission is the acquisition, development, and management of next-generation properties, following leading international trends in organized retail and supply chain infrastructure, while offering consumers easy, safe, and immediate access to shopping and services.
As part of its dynamic presence in the Greek and international markets, TRADE ESTATES sought a comprehensive solution to modernize and optimize its business and financial processes, with a strong focus on transparency, compliance, operational efficiency, and scalability. To achieve this, the company entrusted EPSILON DYNAMICS and the localized version of the solution, Microsoft Dynamics 365 Business Central Cloud – InnovEra.
The solution leverages the innovative capabilities of a leading international all-in-one ERP platform, while incorporating the extensive expertise of the EPSILONNET Group in addressing the specific needs of the Greek market and the real estate sector.
As part of the project, the following capabilities were implemented:
- Finance & Accounting:
- General Ledger
- Dimensions & Cost Centers
- Multiple Companies Management & Financial Consolidation
- Intercompany Transactions & Postings
- Fixed Assets Management
- Deferrals (Accrued Income & Expenses)
- Customer Payment Processes
- Late Payment Prediction using advanced analytical models
- Automated bank reconciliation
- Multi-bank account management
- Audit trail and reconciliation reporting
- Sales
- Contact & Customer Management
- Sales Order Management
- Mass Invoicing
- Recurring Billing & Subscription Management
- Purchasing:
- Approval Workflows & Control Mechanisms
- Purchase Order Management
- Purchase Invoicing & Vendor Document Management
- Copilot:
- AI-powered user assistance
- Automated report and summary generation
- Data analysis and optimization recommendations
A particularly important aspect of the implementation is its full compliance with IFRS 16 standards, ensuring accurate and reliable lease management and financial reporting—critical requirements for real estate investment companies.
This solution serves as a strategic tool for the sector, effectively supporting the complexity of real estate portfolio management, compliance with international accounting standards, and data-driven decision-making in a continuously evolving business environment.