The Advantages of Spend-Management Software
Digested from Property Management Insider
An automated approach to spending can help streamline payment, corral spending and empower residents.
Spend-management software can save onsite staff time and worry by credentialing vendors, expediting the process and providing status updates.
But that is not all, writes Lori Lysobey for Property Management Insider. Software also can help managers standardized purchasing, invoice processing and pricing.
“You will save the day with improved invoice cycle times, paper to digital service, connection to the largest vendor network possible and real-time visibility for order and invoice management,” she writes.
A good system will also help a manager manage inventory, surplus supplies and remove outdated materials. The maintenance shop is another place software can help reduce inefficiencies.
“An integrated portal allows for electronic tracking of units, photo uploads, 24/7 resident requests, with mobile maintenance and inspections management,” Lysobey writes. “Residents will feel empowered with mobile apps for phone and tablet, and faster response and completion times. Your staff will feel like winners with immediate inventory and budget oversight and ‘one tap’ communication with residents and teammates.”