Accounts Payable Automation for Commercial Real Estate
If only the commercial real estate business was as simple as certain board games would have us believe. Unfortunately, utility bills in the real world are a bit more complicated and require more than a few candy-colored dollar bills. That’s why many real estate organizations devote a substantial amount of time to their accounts payable processes. However, handling these tasks the old-fashioned way can eat up a lot of resources; disparate data sources and the potential for human error can come at a great cost. The end result may be that there is no single source of quality data for your team, vendors and suppliers aren’t paid in a timely fashion, and effort that could be better applied to value-add activities is instead misapplied.
This is why leading CRE firms trust Goby’s automated accounts payable solutions for commercial real estate. Our AP automation for CRE solutions centralize all of your invoice data on a single, cloud-based platform and reduce the burden of the tedious AP process so employees can concentrate on what they do best and serve their clients more effectively.
What we can do for you
Choosing our accounts payable solution for real estate means transforming the way your company works. Streamlining these operations allows you to eliminate data silos and process payments with greater speed and with virtually no errors. You will have the power to allocate your team’s time resources wisely, save time previously spent on manual data entry, and eliminate errors and late fees. The scalability of our offerings means no matter how large or widespread your portfolio is, you’ll be able to easily wrangle your invoice & utility management on a single cloud-based platform.
Our end-to-end commercial real estate AP automation software captures and codes every invoice automatically. All data is extracted, digitized, and run through powerful validation engines and approval workflows. With an unprecedented level of data transparency, our automation platform provides visibility into your AP department’s performance at both the portfolio-level and asset-level. Our validation engines also help reduce your risk of fraud. With automated data collection, enhanced data validation, and clear visualizations, you will reveal opportunities, identify trends, generate projections, and make confident budgeting decisions backed by powerful analytics.
Why work with Goby?
The future of accounts payable management revolves around the implementation and continued development of technology and automation tools. These advances enable streamlined workflows and result in NOI increases across all property types and commercial real estate sectors.
Goby offers CRE owners and operators a faster, smarter way forward with cloud-based AP automation. Our end-to-end solutions enable teams to streamline approval workflows, enhance monitoring, reporting, and collaboration, optimize cash flows, and improve vendor relationships, all while optimizing NOI.
Goby has helped CRE portfolios thrive for over a decade. We create a frictionless environment for managing AP across your properties and locations. With more reporting capabilities than any other AP platform and solutions for complex recurring invoices such as utility bills AP teams gain greater control and better insight into their performance. To learn more about what we can do, request a demonstration of our products today or get in touch with one of our knowledgeable representatives.