Fusion puts you in control of your data. Fusion is the only LIHTC asset management database that allows you to create your own reports. That’s right – through the Crystal Reports® Writer software you can directly access all of the tables that store your data. No more waiting weeks or months for your third-party software vendor to create reports for you.
Construction and Lease-Up Monitoring
A lot can go wrong during the construction and lease-up phase of a project. With Fusion, you can track construction costs, change orders, required/actual inspection dates and results, AHIC scores, and other construction and lease-up metrics against pre-established underwriting benchmarks to identify issues and update property status in real time. Fusion also automatically calculates construction and lease-up end dates based on pre-established benchmarks, and updates the property status appropriately.
Notes and Reminders
Proactive asset management starts with the ability to quickly and easily capture and retrieve notes on a project. Fusion goes a step further by also allowing you to tag notes with predefined topics – an important feature for ensuring that notes are classified consistently and that only relevant notes appear in your reports. The combination of robust notes and the ability to create tasks with automated email reminders is a powerful tool for ensuring that things don’t slip through the cracks.
General Property Data Management
Replacing fragile spreadsheets with a secure and reliable database to store all of your property and project data is only the beginning. With Fusion, your data is intuitively organized in thoughtfully designed screens that asset managers will appreciate. The data is where you’d expect it to be and even historical data that most systems would overwrite, is available with just a click. With type-ahead search and a logical tab layout, you’re only a click or two away from the information you need when you need it.
Financial Statement Analysis
Fusion saves you time, and eliminates errors, through our data collection service which automatically uploads your monthly trial balances. Fusion also provides intuitive built-in workflows for analyzing monthly and audited financials and generating standard reports that summarize the review. These workflows streamline and standardize the process making you more productive and giving you back time to focus on the analysis versus the administrative.
Tax Credit Calculations and Fund Roll Up
Fusion automatically calculates the annual tax credits to the partnership on a building-by-building basis based on initial 8609 information and qualified occupancy data. Each partnership’s credit delivery is rolled up to the fund level and annual fund closings are saved in Fusion so you can always access the final closing information from prior years. Fusion also automatically tracks any changes to prior year tax credits and carries them forward to the first open year as an adjustment to current benefits.