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MYKONOS Details
ProDIGIQ's Property and Revenue Management System, MYKONOS, helps airports maximize both aeronautical and non-aeronautical revenue, streamline lease administration, and improve operational efficiency. Rather than relying on multiple disconnected applications or manual processes, MYKONOS provides a unified solution for managing airport property assets, leases, tenants, billing, financial reporting, and regulatory compliance. A dedicated tenant portal further simplifies collaboration by giving tenants convenient, self-service access to lease information, communications, submissions, requests, and other day-to-day interactions with the airport. By centralizing these critical business functions, MYKONOS delivers real-time visibility into airport operations and financial performance, reduces administrative effort, strengthens financial controls, and accelerates smarter decisions that maximize the value of the airport's real estate portfolio.
System Overview
Repository of lease terms, plots, insurance, security, rent, maintenance obligations, and monthly reports
Archive and extract communication about a lease record
Waitlist feature to keep track of interest list for lease types with quick conversion to lease record
Mass rent increase feature for CPI adjustments based on lease types or tenant groups
Effectively track and manage lease utilities
Interactive mapping capabilities with visual representation of airport properties
Automated billing and invoicing processes to ensure timely and accurate revenue collection
Comprehensive view of airport operations by centralizing passenger, aircraft, and airfield activity across all carriers
Streamlined tenant and concessions revenue reporting
Key Benefits
Quick retrieval of lease information for forecasting, planning, and reporting
Increased insight on airport asset utilization and lessee insurance compliance
Proactive planning for lease renewal, new leases, and lease negotiation
Track tenant and airport hangar improvements
Cutting-edge mapping capabilities for effective property and plot management
Automated alerts for enhanced compliance management
Advanced invoicing capabilities
Seamlessly procure solution through GSA Schedule
By switching over to property and revenue management software, airports can increase oversight for all leases
Additional Subject Information
As expressed in the article High Tech Strategies for Property and Revenue Management, “Necessary tenant information includes the type of plane, amount of rent, payment dates, and current proof-of-insurance.” Keeping track of all of these data points becomes overwhelming when utilizing paper processes and spreadsheets.
“Multiply all that by 200 or 300 hangars, and the task becomes daunting for smaller airports with limited staff and budgets.” Even some Software Solutions are so unintuitive that they end up creating more problems than they solve.
An intuitive property and revenue management system can instantly provide a solution to these challenges by enabling an organization to maintain a repository of lease terms, insurance, securities, rent, monthly reports, and other pertinent information that can be easily retrieved.
Signs That an Airport Needs Property and Revenue Management System
Airport staff is consuming too much time managing and tracking lease information
Not receiving updated information about upcoming expiring leases for future planning
Difficulty finding and exporting tenant insurance information
Unable to ensure all tenant documentation is unexpired at a glance