After more than a year of remote working, the end of the pandemic is now in sight. This should bring some sense of relief to AP teams everywhere – right? They can head back into the office – if they haven’t been there already – and manage all the moving parts of their job, just as they did before.
But multifamily and commercial real estate companies aren’t immune from the labor shortages and workforce challenges that are hitting every industry. And there’s just not enough time in the day to process invoices, cut checks, buy goods and services, and pull reports – without a fully staffed team of property managers, maintenance supervisors, AP clerks, financial controllers, and others doing their part.
That’s where accounts payables invoice automation can help real estate companies of all sizes. Digitization saves quantifiable time – and improves efficiency – for everyone that touches an invoice, orders supplies, or cuts a check. And real estate companies who employ these tools don’t have the constant worry about staffing and vacation leave on their AP team.