ParaPark – A Software-as-a-Service solution that digitizes the lease, collection, and collateral management processes of Technoparks and Technology Development Zones.
ParaPark integrates with the accounting system through two-way data exchange, consolidating accounting and non-accounting data on a single platform. It eliminates Excel dependency and automates reporting processes. The system automatically sends monthly account statements to tenants, including secure credit card payment links. It tracks overdue payments, calculates late interest automatically, and accelerates collection cycles. It also monitors bank guarantees and security deposits, calculates additional collateral requirements based on rent increases, and sends automated reminder emails for guarantee renewals.
