STRATAFOLIO is a commercial property management software fully integrated with accounting software (QuickBooks). This provides you with the best tools you need for property management and accounting in one place. Here we cover some of the advantages of using fully integrated software built specifically for commercial real estate and why you should steer away from using software systems that do not talk to each other. These setups force you to update data between systems manually. At a worst case, having a residential first product that was made to manage single-family homes or apartments, and trying to use those to manage your commercial real estate. These types of systems force you to keep using QuickBooks on the side, in addition to multiple spreadsheets to compensate for the complexities of commercial real estate, and then you have to update data between all systems manually.
What are some benefits of using an integrated PM and accounting software?
Increase Growth and Scalability
No matter the size of your business, you need to be able to adapt to any situation and scale as needed. If you’re in commercial property management, this may mean acquiring a new building and adding more units to your portfolio. Or it may mean growing your team of employees. Unlike the inflexible business management systems of yesteryear, today’s systems can make your workplace run more efficiently. Integrated management software like STRATAFOLIO and QuickBooks allows you to add more units to your managed properties in just one click, or enable access for more employees as your team grows.
Insights into Business Performance
Using separate software systems for your business may not provide you with the full picture of how your business operates. When you have integrated property management and accounting software, you can see your business’s data all in one place. Any data entered in your software will go across all the other platforms without needing to re-enter it. An integrated software system lowers the risk of duplicating information and making mistakes.
Integrated software will keep your financial accounts up to date as well as tenant, employee, and other data. Managing your finances is easier and will ensure you are following local laws and regulations.
Save Money and Time
Automating tasks can save you time and decrease the likelihood of making mistakes or creating discrepancies across different software. You can save a significant amount of time using integrated software systems.
You won’t be wasting time or money by fixing inaccurate documentation or chasing down forgotten payments. Any changes to data or payments in your integrated system will be changed across other systems. Your automated business will make it easier for employees to be productive and not have to worry about tedious tasks.
Increases Communication with Employees/Tenants
Integrated systems can help streamline communication for employees and tenants. Tenants will be able to see the current rent payment and put in requests for maintenance more easily. Property managers will have an easier time hiring a repair company to come and look at the problem with a faster communication system. An excellent integrated software system will increase employee communication and collaboration with projects. Employees can access the same data to work on without having to share the new changes constantly.
Choose an Efficient Software
STRATAFOLIO works seamlessly with your existing QuickBooks software. It’s easy to set up and import the data from your QuickBooks accounting software. Schedule a 1:1 demo to see how STRATAFOLIO can make property management easier!
