AccountTECH is moving online and upstream. AccountTECH, a
trailblazing innovator of accounting software solutions for
brokerages and franchisors, announces the launch of the industry's
first and only cloud-based enterprise accounting software.
BOSTON, April
23, 2024 /PRNewswire/ -- Fintech Breakthrough: CFOs and
franchise operators have long been searching for a comprehensive,
web based accounting solution that can meet G.A.A.P. requirements
of large, complex organizations. AccountTECH has answered the call
a new product: darwin.Cloud. This is the 4th generation of their
mature and trusted accounting solution. In many ways, this
all-encompassing platform that redefines the way real estate
accounting is handled - and automated.
T3 Leadership Summit 2024 unveils
breakthrough technology for Real Estate brokerages
Real-time interactive analytics take center stage in this
release. Dashboards show goals, financials, and year-over-year
productivity in real time charts and KPIs. darwin.Cloud includes
over 1,500 drag-and-drop widgets that users can arrange to craft
customized dashboards for different audiences.
Efficiency enhancements in this iteration focus on time-saving
thru automated banking. Extending darwin's existing in-app credit
card processing and direct deposit capability, this version
introduces streaming bank and credit card data. With streaming bank
data, all of the company's credit card charges and bank charges
flow into the software daily. Then, using a combination of user
defined rules and AI, darwin.Cloud auto-classifies incoming charges
and posts them to the financials automatically. darwin.Cloud has
also added automated bank reconciliation.
Accounting for the complexities of M&A
The CFOs at fast growing franchises or large brokerage firms
that are growing thru mergers and acquisitions face the unique
challenge of producing financials for multiple companies.
darwin.Cloud solves this problem by enabling separate financials
for multiple companies in a single instance of the software. This
allows finance professionals to work in all their companies
simultaneously and automate inter-company accounting. darwin.Cloud
also added tools for the re-classification of accounting entries
without journal entries while maintaining complete audit trails on
every user action.
More Integrations
darwin.Cloud adds many more API integrations than prior versions
of AccountTECH software. The integration of most US banks and
credit card companies delivers huge time savings for accounting
staff. This new version has also added even more MLS API
integrations and more integrations with the popular software
programs in use by brokerages today for transaction management,
relo and crm.
This version also adds improvements to the tech that automates
reporting to Century 21, RE/MAX, Coldwell
Banker, Sothebys, Berkshire Hathaway HomeServices, Cocorran,
ERA & Better Homes and Gardens.
AccountTECH's CEO, Mark Blagden,
expressed excitement about the software's launch:
"I'm excited to see darwin.Cloud finally reaching our
clients. Our team started laying the architectural foundations for
darwin.Cloud back in 2017. While not visible to clients, every
update since has been part of a multi-year strategy to solve the
complex engineering challenges of bringing enterprise-class real
estate accounting to a web browser. There were many technical
challenges for them to overcome related to security, two-way API
and providing flexibility in report, form and email campaign
design. I am proud of the work our team has done to
make darwin.Cloud a reality. It's gratifying to see their hard
work and years of dedication coming to fruition."
What's next
AccountTECH is moving "upstream" in the transaction by acquiring
a Transaction / Project management software company. For over 25
years, the company's focus has always been on financials. Listings
and Pending transaction information is the key to accurately
forecasting future revenue, and brokerages have long been waiting
for a viable option to consolidate their potential revenue with
their actual revenue. This step underscores AccountTECH's
commitment to providing broker customers with seamless AND precise
financial data around earlier in the transaction life-cycle.
About the company
For over 25 years, AccountTECH's team of real estate accountants
and software engineers, have been building tools that increase the
efficiency of brokerages. Our team of intelligent, creative &
curious problem solvers is constantly adding automation and
integrations towards the goal of single-point-of-entry. Their motto
is: data entry can happen anywhere, but everything winds up in
darwin.
AccountTECH www.accounttech.com (978) 947-3600
For sales inquiries, please contact: Theresa
Hurt theresa@accounttech.com (978) 710-0071
Media contact: Rizza Bartol rizza@accounttech.com (781)
883-4523
View original content to download
multimedia:https://www.prnewswire.com/news-releases/accounttech-unveils-revolutionary-cloud-based-enterprise-accounting-software-at-the-t3-leadership-summit-302125122.html
SOURCE AccountTECH