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FOURMIDABLE’s Technological Future

February 8, 2018

Technology is pervasive in today’s business environment.  How well we integrate that technology impacts our time management and productivity at work. It can also affect our quality of life at a personal level.

Over the past few years, hardware technology and software used in the property management industry has shown significant improvement.  Smartphones, tablets, apps, and software offerings have once again transformed many office processes involving purchase orders, invoice processing, compliance software, resident utility billing, and check scanning, to name a few. In addition, interactive websites can now feature a property’s current availability, lease rates, online application, electronic leases, and online chat with the leasing agent. Resident portals offer online resident payments, mobile-based service request management and community billboards.

The above are just some examples of value-added software used in our industry, but they can also come at a cost.  Typically, these services are not all managed from within one software platform, therefore requiring additional user logins, more passwords to remember, and each user interface needs to be learned and mastered.  Some may not integrate with the core property management / accounting software and therefore can require duplicate data entry requirements. This, in turn creates an additional task of keeping the data up to date in multiple systems.

We have been watching our industry’s leading core software companies, such as Entrata, Yardi, MRI and Realpage make moves to stay competitive.  Some are acquiring the value-added software companies, others are partnering with them, and one of the known software development leaders is building these value-added services from the ground up, right into their core property management / accounting software suite.  The latter option provides the key to our technological future.

We are pleased to announce that after several months reviewing the latest releases of the leading property management / accounting software available, we have selected Entrata to replace AMSI at all of our conventional, tax credit and Section 8 properties.  Entrata has designed their software with much more flexible reporting and also with the end users and residents’ needs at the forefront of their design.  One login, one password, and one user interface are all that is needed to navigate all of the marketing, leasing, resident management, compliance, online payments, check scanning, service requests and all other modules, thereby eliminating the need to use so many different software solutions at our properties.

We will be rolling out Entrata throughout 2018 and are excited about our enhanced technological future!   Stay tuned for more updates………..

 

FOURMIDABLE  |  32500 Telegraph Road, Suite 100  |  Bingham Farms, MI 48025

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