We have been able to free up bookkeeping personnel time, as well as time for our property managers. Board members appreciate access to view invoices when needed.
Susan Rodriguez, CFO of Campus Walk
Payables Lockbox has been the leading AP solution for HOAs and property managers since 2007.
Home Owners Association
Community Association managers have been using Strongroom™ Payables Lockbox since 2007 to solve the following accounts payable (AP) problems:
- High volume of invoices
- Invoice storage and management
- Board Member approval requirements for invoices
- Limited payment options
- Accounting system integration
Managing accounts payable (AP) is an important, yet cumbersome, role for real estate managers with high invoice volume per property. Maintaining an invoice database and making sure all invoice approvals are made can be equally challenging.
Payables Lockbox enables management companies to outsource the extraction, sorting, and processing of invoices to a central location – leaving managers and controllers with the simple process of logging into our SaaS-based application, reviewing the invoices, and authorizing them for payment.