Automate AP saves community associations and HOAs up to 75% of
their invoice processing costs, while improving employee and vendor
experience
CLEARWATER, Fla., May 8, 2024
/PRNewswire/ -- Enumerate, the leading provider of community
association management software and payments solutions, is excited
to announce the launch of Automate AP, a fully native and
comprehensive accounts payable offering that automates invoice
ingestion, approval workflows and payment delivery. Automate AP
complements Enumerate's AR payments offering to fully automate and
streamline inflows and outflows of cash, giving community managers
greater visibility and control of their business.
"Current accounts payable processes are inefficient, inaccurate,
and bring significant hidden costs to community associations.
Manual checks open communities to risk with 63% of organizations
facing fraudulent activity via checks1," said
Vijay Ramnathan, CEO of Enumerate.
"Automate AP was purpose-built to solve these challenges for
community associations, and we're excited to bring these cost and
time savings to our customers."
Enumerate brings 30+ years of experience designing products
specifically for community management associations and homeowners'
associations (HOAs). With the launch of Automate AP, they provide
an end-to-end community management platform that covers accounting,
AR and AP payments, operations management, and resident engagement.
With an all-in-one platform, community managers can manage their
entire business in one location, ensuring they have full visibility
into their operations.
"Community associations spend a lot of time and money processing
payments. With Automate AP, we can save our customers up to 75-80%
of that cost through automation. This is a huge savings that allows
communities to reinvest in areas that benefit residents more
directly," said Jill McFarland, head
of product at Enumerate. "By leveraging our Enumerate Central
platform for accounts payable, reconciliation also happens faster,
which improves vendor relationships."
Key Features of Automate AP:
- Reduced fraud risk: Cutting-edge
fraud prevention technologies supported by an expert
fraud team provide defense against ever evolving
scams.
- Reduced processing time: Digital invoice ingestion, integrated
approval workflows and digital payments reduce average payment time
by 5 days vs manual processing.
- Eliminate approval bottlenecks: Automated and customized
workflows ensure invoices don't get stuck waiting on internal and
board member approvals.
- Cost savings: Reduce invoice and processing costs and
reallocate to higher value activities for residents.
- Reduced human errors: Easy to use workflows automate manual
tasks which significantly help reduce human error.
- Improved vendor relationships: More accurate and timely
payments improve vendor relationships.
- Better user experience: All-in-one software reduces the number
of platforms employees need to access, making it easier to do their
job.
- Better environmental impact: Reduce paper invoices and mailings
through electronic ingestion, processing and distribution of
payments.
If you're interested in learning more about Automate AP, you can
visit https://goenumerate.com/products/automate-ap or schedule a
demo at https://goenumerate.com/demo.
About Enumerate
Enumerate is the leading provider of community association
management software and payments solutions that reduce
administrative tasks by over 75% for property management companies
and self-managed associations. With tens of thousands of
communities and millions of homes managed, Enumerate empowers
community association organizations by digitizing and optimizing
their accounting processes, operational workflows, payments, and
resident engagement. As a result, they can scale business and
community growth and operations, improve homeowner and board
satisfaction, maximize ROI, and transform the financial
reconciliation processes. Enumerate exists to make community
management easier. Want to see how? Learn more at
www.goenumerate.com.
1Association of Financial Professionals
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SOURCE Enumerate