If your property management group is headquartered in New York, but has properties in New Castle, New Rochelle, and Newburgh… it’s really nothing new. A common theme for property management groups is that their portfolio tends to be decentralized.
It’s difficult thinking about replacing the cornerstones of your business, but the truth is that at some point everyone wants to retire. In a recent conversation with one of our clients, he mentioned a situation just like this.
Automation completely changed their daily operations, and it struck me when Chip said, “You can’t even assign a value to the efficiency.” I have a great relationship with the CFO here at AvidXchange, and I know that the words, “You can’t even assign a value to (insert any noun you like)”, don’t escape her mouth often.
Growth is great. It means more revenue, more employees, and more opportunities. However, along with growth come growing pains. A typical growing pain for most companies is having to switch accounting systems to keep up with the additional volume of invoices and complexities of your business.
Last week we covered the first 5 terrible pieces of AP automation advice you should ignore. This week we share the next 10 with you.