How Invezza helped a property management company to enhance its accounting capabilities

about the project

The client is a company operating in the Property Management and Valuation industry. They needed an accounting solution to manage the actuals of properties and their company. The solution required a double-entry bookkeeping system and key features such as audit history listing, database seeding, and compatibility with both mobile and desktop platforms. The client's server-based architecture provided speed, flexibility, and control for managing electronic and card-based payment products.

About the Client

A renowned property management company in United States provides lease administration and property management solutions for franchises and property owners. The application allows users to configure forecasts for Rents, CAM expenses, Option periods, and Escalations.

Industry type

Real Estate

project Duration

8 Months

Services

App Development, Quality Assurance

How we made it happen

The accounting solution we developed provided a robust double-entry bookkeeping system, ensuring accurate and secure accounting for the property management companies. It allowed quick configuration to support various accounting systems and provided a secure accounting system for different business models and programs. The solution streamlined processes by consolidating tasks such as bill creation, invoice generation, account management, vendor tracking, and reconciliation. Additionally, it offered a comprehensive audit trail for all transactions, ensuring transparency and accountability.

The Property Management Accounting solution provided a complete industry solution, addressing the specific needs of the Property Management and Valuation industry. Its real-time authorization and processing capabilities eliminated the need for batch processing and enabled 24/7 access to real-time transaction details through the internet. The scalable and extensible architecture ensured 24/7 business availability for global customers, reducing development cycles and risks.

Overall, our solution provided greater flexibility for growth, leveraging our domain expertise in finance and cards, as well as our extensive experience in Microsoft .Net technologies and MSSQL databases. We ensured highest-quality processes for solving complex problems, mitigating risks, and achieving a solid return on investment (ROI) for our client.

How Invezza Made a Difference

  • Significantly streamlined the financial processes, eliminating manual tasks and reducing errors.
  • The solution harmoniously blended with the existing property management system architecture, providing a cohesive and unified experience for the users
  • The availability of real-time transaction details and a robust audit history listing empowered client to make informed decisions based on accurate and transparent financial data

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