If you or your organization is involved in property management, Quadient AP offers seamless integration with Rent Manager to optimize your processes. Not only is the implementation fast and easy, but the benefits you’ll enjoy will include enhanced visibility into payables, automated invoice approvals, and a centralized, cloud-based platform, just to name a few.
If you're wondering why now is the ideal time to invest in this integration, you've come to the right place. With ever-present concerns about recessions and the ongoing demand for hybrid work environments, there’s never been a better time for organizations to explore innovative ways of working smarter, not harder.
In this blog, we’ll delve into why many CFOs are predicting an impending recession, how this drives the need for high-performance hybrid work environments, and how Quadient AP’s automation with a Rent Manager integration is crucial for property management organizations looking to address these challenges.
What a recession means to you
While recessions affect every organization differently, they commonly result in cost-cutting measures for the sake of finding efficiencies, increased workloads for already stretched workforces, and spotlights on unnecessary expenses occurring within companies. These challenges typically increase the pressure on accounting and finance teams to stabilize their organization's bottom line.
The good news is that this challenging position presents a unique opportunity for innovation. In fact 92% of CFOs often plan to boost their tech investments in the face of impending economic challenges.
“Now more than ever, finance leaders will need to modernize with technology to remove manual processes” - Finance Monthly.
Organizations who automate manual processes and invest in streamlined technology can proactively minimize unexpected expenses and work to stabilize their bottom line when it matters the most.
The future of work is hybrid
During a recession, organizations also face the challenge of accomplishing more with fewer resources. To reduce operational costs, many organizations opt for a hybrid work environment, which allows them to save on office space expenses. In fact, 63% of high-growth companies use a productivity-anywhere hybrid work model.
In order for your organization to thrive in a hybrid work model, it's crucial to ensure your staff can work efficiently and effectively from any location and at any time. Manual, outdated, paper-based workflows aren’t suitable for work-from-anywhere environments and can hurt an organization with a distributed workforce.
So how can AP automation help your organization navigate a recession and achieve success with a hybrid workforce? Read on to find out.
How AP automation can help
AP automation helps organizations thrive during challenging times and empower their AP teams to be at their best no matter where they work. An integration between Quadient AP and Rent Manager can help you streamline your AP workflows even further in a centralized, cloud-based platform for all of your properties, and provide additional benefits such as:
- Invoice management and automation
- Real-time expense management
- Vendor payment automation
- Simplified PO management
For more examples of how you can empower your accounting team with AP automation, check out our blog or read this case study from Magnum York Property Management and see how their implementation helped them gain increased visibility, avoid late payments, and eliminate manual data entry by 90%:
“Quadient AP has been invaluable in helping us improve visibility and control across our AP while eliminating time-consuming AP tasks. We don't know how we could have handled our growth without them. With minimal training of our new staff, they can be handling their AP tasks on day one.” — Peter Best, President of Magnum York Property Management Ltd.
Are you ready to automate and integrate?
Businesses looking to accelerate their AP processes will find exactly what they need with the seamless integration between Quadient AP and Rent Manager. From cost savings to employee retention to vendor satisfaction, this solution helps you recoup countless hours of time wasted with manual processes.
Whether you’re investigating Quadient’s automated AP solution or you’re ready to integrate your existing Rent Manager implementation with Quadient AP, our team is here to help. Learn more about how Quadient AP’s integration with Rent Manager can transform your workflow in our on-demand Webinar.
