Finding the Right Software
Finding the Right Software
With the rapid growth of technology, software has made many things easier for property managers. Property managers already have a lot going on with their associations. The last thing they need to worry about is searching through their computer to find that one spreadsheet or a file folder to find that one vendor contract that can’t seem to locate.
While generic accounting programs have their place, they can be very burdensome for managers. Searching through files and spreadsheets to get information wastes valuable time. Today, there are software solutions in place to help managers streamline their daily activities and accounting operations. Having a software system like Condo Manager is a MUST for any company to be able to keep up with their competition. There are several things to consider when looking for software.
Accounting – this is a vital piece of the puzzle. The ideal accounting system will adhere to GAAP (Generally Accepted Accounting Principles) and the practice of accrual accounting. The software must also be able to produce financial statements with ease. Condo Manager allows a property manager to produce a standard financials with the ability to create custom arrangements for each association.
Bank integration – Modern banking allows people to take advantage of ACH / Direct Debit and Lockbox services. Condo Manager adheres to NACHA standards and produces ACH files that can be uploaded directly to a bank. Our software also supports lockbox to download lockbox posting files from the bank to update your books in Condo Manager automatically.
Management Activities – It’s easy to get overwhelmed when trying to track violations, maintenance issues, delinquent accounts, architectural requests, and other items in various spreadsheets. Your software solution must be able to support all of these functions. Condo Manager organizes everything into one easy to use platform that automatically generates letters and keeps a history of all your management activities.
User Friendliness – This is very important for management companies. While there are many different programs on the market today, many of them have a steep learning curve. This translates into higher costs for training and on-going technical support. Some software companies require their “specialists” to fly out for training and installation, all at the expense of the new client. A system like Condo Manager is easy to setup, easy to learn, and easy to use. New clients are able to start enjoying the benefits of the software almost immediately after purchase.
There are many factors that go into finding the right software solution. It’s important to review your needs as a management company to determine the best fit. Contact us today to learn how you can start saving time and money with Condo Manager and develop a winning edge over your competition!