<?xml version="1.0" encoding="UTF-8" ?><!-- generator=Zoho Sites --><rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:content="http://purl.org/rss/1.0/modules/content/"><channel><atom:link href="https://www.kriyago.com/blogs/tag/yardi/feed" rel="self" type="application/rss+xml"/><title>KriyaGo - Blog #Yardi</title><description>KriyaGo - Blog #Yardi</description><link>https://www.kriyago.com/blogs/tag/yardi</link><lastBuildDate>Wed, 22 Apr 2026 02:49:58 -0700</lastBuildDate><generator>http://zoho.com/sites/</generator><item><title><![CDATA[Procore to Yardi & MRI: Bridging Construction and Finance | KriyaGo]]></title><link>https://www.kriyago.com/blogs/post/procore-to-yardi-mri-bridging-construction-and-finance-kriyago</link><description><![CDATA[<img align="left" hspace="5" src="https://www.kriyago.com/Procore-to-Yardi-MRI-Why-Construction-and-Finance-Speak-Different-Languages-Squr.jpg"/>Construction and finance systems don’t speak the same language. Learn how Procore integrates with Yardi and MRI through intelligent middleware.]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_hcbmCK0oSC-hIIJMizG5ZQ" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_AHv_JaXJTqmYClS9h-7sOA" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_gVn0341EQl2mScrZU5AuJw" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"></style><div data-element-id="elm_zz9QW3_Mi5M9fjoA0ZfZkg" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_zz9QW3_Mi5M9fjoA0ZfZkg"] .zpimage-container figure img { width: 1110px ; height: 237.61px ; } } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="left" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-left zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/Procore-to-Yardi-MRI-Why-Construction-and-Finance-Speak-Different-Languages-rect.jpg" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_nF0D3nFyQY65y4xt45i8VQ" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-center zptext-align-tablet-center " data-editor="true"><p></p><div><p style="margin-bottom:12pt;"><span>On Tuesday morning, your project manager in Procore approves a $47,000 change order. By Thursday, your CFO will ask why the development budget in Yardi or MRI, depending on which ERP your organization runs, displays a different number. By Friday, someone is manually reconciling spreadsheets, and nobody is happy.</span></p><p style="margin-bottom:12pt;"><span>This isn't a failure of people or process. It's a failure of translation. Construction and finance speak fundamentally different languages, and without a fluent interpreter, miscommunication is inevitable.</span></p></div><p></p></div>
</div><div data-element-id="elm_wnXQdJwieP3rdDQkmx86Sg" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span><span><span>Two Worlds, Two Vocabularies</span></span></span></span></h2></div>
<div data-element-id="elm_ZfQwPdrSD9N2Wz0S624vWw" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p style="margin-bottom:12pt;"><span>Procore is built for project managers. It operates on subcontracts, commitments, potential change orders, and pay applications. Its job cost structure reflects how construction is executed on-site phase by phase, trade by trade, with ongoing adjustments as conditions change.</span></p><p style="margin-bottom:12pt;"><span>Yardi Voyager and MRI Software are built for finance teams. They think in terms of properties, the chart of accounts, journal entries, and accruals. Both platforms have job cost capabilities, but they're designed to interface with accounting workflows, not to mirror the operational reality of a construction site. Whether your organization standardized on Yardi or MRI, the fundamental disconnect with construction systems remains the same.</span></p><p style="margin-bottom:12pt;"><span>These systems weren't designed to communicate. When they try, the conversation gets lost in translation. Cost codes don't align. Commitment structures differ. The same $47,000 change order might be classified, timed, and reported very differently depending on which system you're viewing.</span></p></div><p></p></div>
</div><div data-element-id="elm_5zKMweYEGYA6bSf83C8UDw" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span><span><span>The Limitations of Native Connectors</span></span></span></span></h2></div>
<div data-element-id="elm_2a4IoxeDMny_we19n8yMEg" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p style="margin-bottom:12pt;"><span>Procore, Yardi, and MRI all recognize this problem. Native connectors exist for various system pairs, and for straightforward scenarios, they work. But as EY noted in their construction technology assessment, and as KPMG has highlighted in advisory work with real estate developers, standard integrations often break down when they encounter the complexity of real-world portfolios.</span></p><p style="margin-bottom:12pt;"><span>The issues are predictable. Native connectors typically support new construction projects initiated after the integration is established, but what about the 15 projects already in progress? They handle standard cost code mappings well, but struggle when your chart of accounts has been customized over two decades of operations. They sync commitments cleanly until someone needs to split a contract across multiple properties or handle retainage in a non-standard way.</span></p><p style="margin-bottom:12pt;"><span>Deloitte's real estate technology practice has documented similar patterns: off-the-shelf integrations cover 80% of use cases, but the remaining 20%, the edge cases, legacy structures, and business-specific requirements, account for 80% of the implementation effort. Whether you're connecting Procore to Yardi or Procore to MRI, those edge cases aren't rare. They're the norm.</span></p></div><p></p></div>
</div><div data-element-id="elm_Pmdo546dxbiTNBONRiY88g" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span><span><span>What Real Translation Requires</span></span></span></span></h2></div>
<div data-element-id="elm_oCbgFV3GHXuPN8yS4Gehtw" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p style="margin-bottom:12pt;"><span>Effective middleware doesn't just move data between systems; it transforms it intelligently. A purpose-built integration layer ensures that Procore's &quot;potential change order&quot; maps to a specific commitment status in both Yardi and MRI, even though the platforms handle commitments differently. It knows that construction-phase codes require translation into property-level cost categories regardless of the target financial system. It handles the timing difference between when a pay application is approved in the field and when it should be posted to the books.</span></p><p style="margin-bottom:12pt;"><span>More critically, robust middleware handles the exceptions. When a subcontract spans multiple properties, it allocates costs according to configurable rules that work with your ERP's structure. When legacy projects need to be integrated, it provides migration pathways for both Yardi and MRI environments. When your business processes don't align with a standard connector's assumptions, it adapts rather than forcing you to change how you work.</span></p><p style="margin-bottom:12pt;"><span>PwC's construction practice has emphasized that successful technology integration depends on accommodating existing workflows rather than disrupting them. The same principle applies here: the best integration is one your teams barely notice because it simply works whether the data is flowing to Yardi Voyager or MRI Software.</span></p></div><p></p></div>
</div><div data-element-id="elm_s_YNS0IFBAt_MLasQ3V3Mw" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span><span><span>The Multi-Platform Reality</span></span></span></span></h2></div>
<div data-element-id="elm_GnZMErDdCPq7lugYKCAq5Q" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p style="margin-bottom:12pt;"><span>The construction-to-finance translation challenge isn't limited to one system pair. Some organizations run Yardi for property management but MRI for investment accounting. Others have standardized MRI across their portfolio. Development pipelines might involve Northspyre or Rabbet alongside Procore. Acquisitions bring in properties running on different platforms entirely.</span></p><p style="margin-bottom:12pt;"><span>This is why middleware designed for real estate development needs to be multilingual. It should connect Procore to Yardi <i>and</i> Procore to MRI plus construction data to whatever financial systems your organization relies on today or might adopt tomorrow. The goal isn't just to solve a single integration problem; it's to build a flexible data layer that adapts as your technology stack evolves.</span></p></div><p></p></div>
</div><div data-element-id="elm_HB5rwamzY4_oCtk9dK8WFw" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span><span><span>Building the Translation Layer</span></span></span></span></h2></div>
<div data-element-id="elm_AA1QmaAasSmU1q07rjjX1Q" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p style="margin-bottom:12pt;"><span>At KriyaGo, we've built our <a href="https://www.kriyago.com/connect-360-1"><span style="text-decoration-line:underline;color:rgb(48, 4, 234);">Connect 360 platform</span></a> specifically to solve the construction-to-finance translation problem across the real estate ERP landscape. We connect Procore to both Yardi and MRI Software handling the standard cases efficiently and the edge cases gracefully. Our <a href="https://marketplace.procore.com/apps/mri-integration-by-kriyasync"><span style="text-decoration-line:underline;color:rgb(48, 4, 234);">MRI Integration is available on the Procore Marketplace</span></a>, and we provide equivalent depth for Yardi Voyager environments. We continue to expand our connector library based on what real estate developers actually need.</span></p><p style="margin-bottom:12pt;"><span>We handle cost code mappings, commitment synchronization, change order workflows, and reconciliation processes that keep construction and finance aligned regardless of which ERP system anchors your financial operations. When your project manager approves the change order on Tuesday, your CFO will see accurate numbers in Yardi, MRI, or both.</span></p><p style="margin-bottom:18pt;"><strong>Construction and finance will always think differently. But with the right translator, they can finally understand each other.</strong></p></div><p></p></div>
</div><div data-element-id="elm_XrjieCSJEYXIGPRDdaHUhA" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-size:20px;"><b>Ready to connect your construction and finance systems?</b></span><span><span></span></span></h2></div>
<div data-element-id="elm_BPCHw8lvLx29lgupQM-u2Q" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p style="margin-bottom:12pt;">See how<strong> KriyaGo </strong>integrates Procore with Yardi, MRI, and more. <span style="text-decoration-line:underline;color:rgb(48, 4, 234);"><a href="/contact-us" title="Request a demo" rel="">Request a demo</a></span> to explore our construction integration solutions.</p></div><p></p></div>
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</div></div></div></div></div></div> ]]></content:encoded><pubDate>Wed, 24 Dec 2025 07:07:01 -0500</pubDate></item><item><title><![CDATA[Killing the Spreadsheet: Automating Yardi-to-Anaplan Data | KriyaGo]]></title><link>https://www.kriyago.com/blogs/post/killing-the-spreadsheet-automating-yardi-to-anaplan-data-kriyago</link><description><![CDATA[<img align="left" hspace="5" src="https://www.kriyago.com/Killing-the-Spreadsheet-Automating-the-Yardi-to-Anaplan-Pipeline-Squr.jpg"/>Manual spreadsheets slow connected planning. Learn how automating the Yardi-to-Anaplan pipeline delivers real-time, accurate financial planning data.]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_MwAVxAhpRKuO6XtwxnwVUw" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_8WuwK9KIRVqpvAapWwhKWg" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_5G5LlDoRSEeLKeYh9SDfBQ" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"></style><div data-element-id="elm_MwaIMnoFmeEniOYu4GpNUA" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_MwaIMnoFmeEniOYu4GpNUA"] .zpimage-container figure img { width: 1110px ; height: 237.61px ; } } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="left" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-left zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-fit zpimage-tablet-fallback-fit zpimage-mobile-fallback-fit hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/Killing-the-Spreadsheet-Automating-the-Yardi-to-Anaplan-Pipeline-Rect.jpg" size="fit" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_GquqK-y8SRGYPx8lpKbR4Q" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-center zptext-align-tablet-center " data-editor="true"><p></p><div><p style="margin-bottom:12pt;"><span>Somewhere right now, a financial analyst is downloading a CSV from Yardi, reformatting columns in Excel, manually mapping cost codes, and uploading the result to Anaplan. They did the same thing last week. They'll do it again next week. And every time, they hold their breath, hoping nothing breaks.</span></p><p style="margin-bottom:12pt;"><span>This is the hidden tax of connected planning: the manual data pipeline no one wants to talk about.</span></p></div><p></p></div>
</div><div data-element-id="elm_WfU5hs84LNHUplVmcDn3Ag" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span><span><span>The Promise and Reality of Connected Planning</span></span></span></span></h2></div>
<div data-element-id="elm_FDEjD3y8XVHd6S8XUx8TBw" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p style="margin-bottom:12pt;">Connected planning platforms like Anaplan have revolutionized how real estate organizations approach financial planning and analysis. The ability to model scenarios across entire portfolios, connect operational metrics to economic outcomes, and run real-time forecasts has transformed strategic decision-making. Leading consulting firms, including those recognized as <strong>Anaplan Global Partners of the Year, have built sophisticated practices that help</strong> clients unlock this potential.</p><p style="margin-bottom:12pt;"><span><span>But here's the uncomfortable truth: even the most elegant Anaplan model is only as good as the data feeding it for real estate organizations, and that data resides in property management systems like Yardi Voyager systems, not designed to integrate with financial planning platforms.</span></span><br/></p></div><p></p></div>
</div><div data-element-id="elm_3Jj1-bBDJPOnP6EtzzUTEA" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span><span><span>The Spreadsheet Tax</span></span></span></span></h2></div>
<div data-element-id="elm_T_RZbDniQfX58XxLZMeJQw" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p style="margin-bottom:12pt;"><span>Spreadsheets typically bridge the gap between Yardi and Anaplan, lots of them. Property managers export rent rolls, operating expenses, capital expenditure data, and occupancy metrics. Finance teams reformat, validate, and transform. Someone maintains a master mapping file that translates Yardi's chart of accounts to Anaplan's data structure. Updates happen monthly, sometimes weekly, and the process consumes hours that should be spent on analysis.</span></p><p style="margin-bottom:12pt;"><span>This spreadsheet tax creates real business risk. Manual processes introduce errors, transposed figures, missed properties, and stale data. Reconciliation becomes a recurring headache. And when leadership needs a quick scenario analysis, the answer is often &quot;we need a few days to refresh the data.&quot;</span></p><p style="margin-bottom:12pt;"><span>For implementation partners, the spreadsheet problem extends project timelines and increases costs. Valuable consulting hours get consumed by data wrangling rather than model design and strategic insights.</span></p></div><p></p></div>
</div><div data-element-id="elm_ArM0jTk3um3haTIsxtvUUA" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span><span><span>What Automation Actually Looks Like</span></span></span></span></h2></div>
<div data-element-id="elm_SqqEnFXbYhx23FKrSFVKdw" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p style="margin-bottom:12pt;"><span>Purpose-built middleware eliminates the spreadsheet layer. Instead of manual exports and imports, automated pipelines continuously extract data from Yardi, transform it according to predefined business rules, validate it against quality checks, and deliver it to Anaplan in the exact format required.</span></p><p style="margin-bottom:12pt;"><span>The transformation layer handles the complexity typically found in spreadsheets: mapping property hierarchies, converting chart-of-accounts structures, normalizing date formats, and aggregating data at appropriate levels. Once configured, it runs without human intervention daily, hourly, or on demand.</span></p><p style="margin-bottom:12pt;"><span>For financial planning teams, this means Anaplan models always reflect the current operational reality. For implementation partners, it means faster time-to-value and projects that focus on insight delivery rather than data plumbing.</span></p></div><p></p></div>
</div><div data-element-id="elm__tvUJLwgcVyGgA7qkhX9sA" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span><span><span>Beyond Yardi: The Multi-System Reality</span></span></span></span></h2></div>
<div data-element-id="elm_cgilF59VW2LmQn60NkXy1g" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p style="margin-bottom:12pt;"><span>Most real estate portfolios don't run on a single system. Yardi might handle property management while MRI manages investment accounting. Construction data lives in Procore. Budgets originate in departmental spreadsheets. The connected planning vision requires connecting all of these sources, not just one.</span></p><p style="margin-bottom:12pt;"><span>Middleware designed for real estate understands these ecosystems. It speaks the native language of property management systems and translates fluently to financial planning platforms. The result is a unified data layer that enables accurate connected planning.</span></p></div><p></p></div>
</div><div data-element-id="elm_yADd_e0Y7mZpcAOybrAObw" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span><span><span><span>Time to Retire the Spreadsheet</span></span></span></span></h2></div>
<div data-element-id="elm_8OGGjaaPjQyVBDgRZTUz5A" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p style="margin-bottom:12pt;"><span>At KriyaGo, we build data infrastructure that connects property operations to financial planning. Our platform automates the Yardi-to-Anaplan pipeline and connects to MRI, Procore, and the broader real estate technology ecosystem. We handle the extraction, transformation, and delivery so your teams can focus on what matters: driving better decisions with better data.</span></p><p style="margin-bottom:18pt;"><strong>The spreadsheet had its moment. It's time for something better.</strong></p></div><p></p></div>
</div><div data-element-id="elm_1XIoWbdVmn-RBxKRFcF49Q" data-element-type="heading" class="zpelement zpelem-heading "><style></style><h2
 class="zpheading zpheading-style-none zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-size:20px;"><b>Ready to automate your data pipeline?</b></span><span><span></span></span></h2></div>
<div data-element-id="elm_RIROg0tvTJkG2nTjye6BQg" data-element-type="text" class="zpelement zpelem-text "><style></style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p></p><div><p style="margin-bottom:12pt;">See how <strong>KriyaGo</strong> accelerates Anaplan implementations with automated Yardi integration. <span style="text-decoration-line:underline;color:rgb(48, 4, 234);"><a href="/contact-us" title="Request a demo" rel="">Request a demo</a></span> to explore our connected planning solutions.</p></div><p></p></div>
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</div></div></div></div></div></div> ]]></content:encoded><pubDate>Wed, 24 Dec 2025 07:00:05 -0500</pubDate></item><item><title><![CDATA[Top Property Accounting Challenges And How To Solve Them]]></title><link>https://www.kriyago.com/blogs/post/top-property-accounting-challenges-and-how-to-solve-them</link><description><![CDATA[<img align="left" hspace="5" src="https://www.kriyago.com/Top Property Accounting Challenges And How To Solve Them - squr.png"/>While marketing is essential to run a real estate business, accounting is another vital area that cannot be neglected. Accounting in real estate is no ]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_0gGs6qx_TaSA7YYZWmivyg" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_eUVPx6UQTgW7ls6yXPz8Ww" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_JggNBDOJTBGssHTxv4s-Vw" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"></style><div data-element-id="elm_6aVXVLKNKgMeCVSVAcEDiw" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_6aVXVLKNKgMeCVSVAcEDiw"] .zpimage-container figure img { width: 800px ; height: 171.25px ; } } @media (max-width: 991px) and (min-width: 768px) { [data-element-id="elm_6aVXVLKNKgMeCVSVAcEDiw"] .zpimage-container figure img { width:500px ; height:107.03px ; } } @media (max-width: 767px) { [data-element-id="elm_6aVXVLKNKgMeCVSVAcEDiw"] .zpimage-container figure img { width:500px ; height:107.03px ; } } [data-element-id="elm_6aVXVLKNKgMeCVSVAcEDiw"].zpelem-image { border-radius:1px; } </style><div data-caption-color="" data-size-tablet="" data-size-mobile="" data-align="center" data-tablet-image-separate="false" data-mobile-image-separate="false" class="zpimage-container zpimage-align-center zpimage-size-large zpimage-tablet-fallback-large zpimage-mobile-fallback-large hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/Top%20Property%20Accounting%20Challenges%20And%20How%20To%20Solve%20Them%20-%20rect.png" width="500" height="107.03" loading="lazy" size="large" data-lightbox="true"/></picture></span></figure></div>
</div><div data-element-id="elm_iBNfm8ANSNmABjNuHfRzkA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_iBNfm8ANSNmABjNuHfRzkA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><p><span style="color:rgba(0, 0, 0, 0.89);"><span style="font-size:14.5px;">While marketing is essential to run a real estate business, accounting is another vital area that cannot be neglected. Accounting in real estate is not like other sectors; it's a complex and tedious process that can be easy with the right software, but not all businesses invest in having a functional accounting software.&nbsp;&nbsp;</span><br></span></p><p><span style="color:rgba(0, 0, 0, 0.89);"><br></span></p><p><span style="font-size:14.5px;color:rgba(0, 0, 0, 0.89);">It's important to keep all the financial data and integrate software to get the best results. Here are five challenges identified in real estate businesses, and if you're facing the same, there are ways to overcome them. &nbsp;</span><br></p></div>
</div><div data-element-id="elm_n5i3MgUQQpa1rO5druLuYA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_n5i3MgUQQpa1rO5druLuYA"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:rgb(22, 22, 90);"><span style="font-size:14pt;font-weight:bold;"><span style="font-size:32px;">Top 6 Property Accounting Challenges</span>&nbsp;</span><span style="font-size:14pt;">&nbsp;&nbsp;</span></span><br></h2></div>
<div data-element-id="elm_LFidfD79-FUAwSgkddn20A" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_LFidfD79-FUAwSgkddn20A"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><p><span style="font-size:14.5px;color:rgba(0, 0, 0, 0.89);">Hiccups in software systems are inevitable, but it can be frustrating if there is no proper maintenance. With legacy software and a lack of adequate management, keeping the company's financial data can get all the more difficult.&nbsp;&nbsp;</span></p></div><div><p><span style="font-size:14.5px;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><div><p><span style="font-size:14.5px;color:rgba(0, 0, 0, 0.89);">Or it may be due to other underlying problems too. Whatever may be the issue, here are some of the most common property accounting challenges and the ways to solve them:&nbsp;</span></p></div></div></div></div></div>
</div><div data-element-id="elm_nhtF7BTDL0zK_l6xR_iiRQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_nhtF7BTDL0zK_l6xR_iiRQ"].zpelem-heading { border-radius:1px; } </style><h3
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:rgb(22, 22, 90);font-weight:700;font-size:28px;">1. Frequent errors in the Financial Data</span><br></h3></div>
<div data-element-id="elm_udPM4PofxEg6hkd3pNtMbg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_udPM4PofxEg6hkd3pNtMbg"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><div><div><p><span style="font-size:14.5px;color:rgba(0, 0, 0, 0.89);"><span style="font-weight:bold;">The real</span> estate business is not just about building a good portfolio; there's much more to it than just that. You need to keep your financial data secure and accurate at all times. And to keep the data clean and up-to-date, data management should be on-point.&nbsp;&nbsp;</span></p></div><div><p><span style="font-size:14.5px;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><div><p><span style="font-size:14.5px;color:rgba(0, 0, 0, 0.89);">Documenting financial information is extremely important at every stage of the business, but most firms face this challenge due to the lack of the right resources. On the one hand, poor management can lead to erroneous data, and on the other hand, it can hinder the growth and the future scope of the business.&nbsp;&nbsp;</span></p></div><div><p><span style="font-size:12pt;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><div><p><span style="font-size:12pt;"><span style="font-size:14.5px;color:rgba(0, 0, 0, 0.89);">Going for good property management software to ensure data is error-free and managed well can reduce the burden and frustration of dealing with things.</span><span style="color:inherit;"> &nbsp;</span></span></p></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_1dwZN7bPqNWjpk3Gy9ioEQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_1dwZN7bPqNWjpk3Gy9ioEQ"].zpelem-heading { border-radius:1px; } </style><h3
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:rgb(22, 22, 90);font-weight:700;font-size:28px;">2. Complex transactions</span><br></h3></div>
<div data-element-id="elm_XaRoW8ZTvfybQtemJKnokg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_XaRoW8ZTvfybQtemJKnokg"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><div><div><div><div><div><p><span style="font-size:14.5px;color:rgba(0, 0, 0, 0.89);">Accounting in a business is itself one of the most crucial yet the most difficult parts of a business. Managing huge transactions and documenting them is important to grow your firm. And when your property portfolio builds, managing transactions is essential.&nbsp;&nbsp;</span></p></div><div><p><span style="font-size:14.5px;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><div><p><span style="font-size:14.5px;color:rgba(0, 0, 0, 0.89);">Make your accounting processes easy and less complex by going with a better system or by outsourcing it. It lowers the cost and increases efficiency. You get to manage your business smoothly without having to deal with common errors. &nbsp;</span></p></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_PS61EEh8xAWlK7hE6Gu3Aw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_PS61EEh8xAWlK7hE6Gu3Aw"].zpelem-heading { border-radius:1px; } </style><h3
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:rgb(22, 22, 90);font-weight:700;font-size:28px;">3. Poor expense classification</span><br></h3></div>
<div data-element-id="elm_T0GDKATDezJ1IoxardgywQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_T0GDKATDezJ1IoxardgywQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><div><div><div><div><div><div><div><div><p><span style="font-size:14.5px;color:rgba(0, 0, 0, 0.89);">Categorizing expenses can be a huge task without experienced resources and the right software. In real estate, classifying expenses is one of the most crucial aspects of running the business. It can only happen when there is transparency in the processes and better management.&nbsp;&nbsp;</span></p></div><div><p><span style="font-size:14.5px;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><div><p><span style="font-size:14.5px;color:rgba(0, 0, 0, 0.89);">But most firms find it extremely challenging to do this, especially when the accounting standards change time and again; it gets a lot more difficult to categorize them as needed. Having a dedicated set of experienced teams can help you manage better while cutting down costs. &nbsp;</span></p></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_RhNdOyBjkpAHclJVHMPWtQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_RhNdOyBjkpAHclJVHMPWtQ"].zpelem-heading { border-radius:1px; } </style><h3
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:rgb(22, 22, 90);font-weight:700;font-size:28px;">4. No back-office support&nbsp;</span><br></h3></div>
<div data-element-id="elm_AEH6QxNIUr3GbqC5_Pq65w" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_AEH6QxNIUr3GbqC5_Pq65w"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><div><div><div><div><div><div><div><div><div><div><div><p><span style="font-size:14.5px;color:rgba(0, 0, 0, 0.89);">You may already have an accounting department in your firm or have a third party do it for you, but it can cost you more in the long run if you don't have the right support. One of the most common property accounting challenges can be overcome with the right software and support team to manage all your back office accounting.&nbsp;&nbsp;</span></p></div><div><p><span style="font-size:14.5px;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><div><p><span style="font-size:14.5px;color:rgba(0, 0, 0, 0.89);">And you can do that by outsourcing which will help you save a lot too, as you need not spend more on resources, equipment, training, and others to manage your back office accounting. It also helps boost revenue by working your portfolios better.&nbsp;&nbsp;</span></p></div><div><p><span style="font-size:12pt;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><div><p><span style="font-size:12pt;"><span style="font-size:14.5px;color:rgba(0, 0, 0, 0.89);">And what's better than optimizing your business process at minimal costs, right? Training your resources can cost a lot more and take more time which may not be ideal if you have a budget constraint. So, it's always better to look for an alternative than hiring resources and dealing with the same challenges again. </span><span style="color:inherit;">&nbsp;</span></span></p></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_R4fnx7M--rn4thlhJdNcEQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_R4fnx7M--rn4thlhJdNcEQ"].zpelem-heading { border-radius:1px; } </style><h3
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:rgb(22, 22, 90);font-weight:700;font-size:28px;">5. Lack of proper integration</span><br></h3></div>
<div data-element-id="elm_8z9xK3fXT6TN0gE4Jfqv1w" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_8z9xK3fXT6TN0gE4Jfqv1w"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><p><span style="font-size:14.5px;color:rgba(0, 0, 0, 0.89);">Integrating software is a great way to enhance the performance of the operations, but what if integrating only leads to incorrect data and zero transparency? It's one of the main challenges faced by real estate firms that hampers the day-to-day processes.&nbsp;&nbsp;</span></p></div><div><p><span style="font-size:14.5px;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><div><p><span style="font-size:12pt;color:rgba(0, 0, 0, 0.89);"><span style="font-size:14.5px;">Software integration should be seamless and help streamline the business process so go for the right solution providers who can make your job easy and ensure all your financial records are safe and error-free. KriyaGo can help you with software integration to manage your financial data easily. Talk to us to know more about it. </span>&nbsp;</span></p></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_MLoa2tDnt2w-B5CCB6aFmA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_MLoa2tDnt2w-B5CCB6aFmA"].zpelem-heading { border-radius:1px; } </style><h3
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:rgb(22, 22, 90);font-weight:700;font-size:28px;">6. Losing data due to poor backup management</span><br></h3></div>
<div data-element-id="elm_wV6zHV27yL6JzFCKdR9zsw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_wV6zHV27yL6JzFCKdR9zsw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><p><span style="font-size:14.5px;color:rgba(0, 0, 0, 0.89);">We cannot stress the importance of having a backup for your documents here. No, not the paper-based physical backups; it's the cloud-based digital backups to keep all your data in one place that’s needed for your business.&nbsp;&nbsp;</span></p></div><div><p><span style="font-size:14.5px;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><div><p><span style="font-size:12pt;"><span style="font-size:14.5px;color:rgba(0, 0, 0, 0.89);">Sure, you can save a physical backup but ensure it's done along with the cloud backup for added safety. There will be large transactions and other important data, so as and when you start building your portfolio, it's vital to have a backup to fall back on in case you lose any valuable data. It’s also a good practice to have a back up of backups to ensure you never lose any data even if your back up fails though the chances are very rare.&nbsp;</span><span style="color:inherit;">&nbsp;</span></span></p></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_k5pheNLlqIckg4EgXX3Yow" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_k5pheNLlqIckg4EgXX3Yow"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:rgb(22, 22, 90);font-weight:700;font-size:32px;">Let KriyaGo Solve All Your Accounting Problems!</span><br></h2></div>
<div data-element-id="elm_pKVIDNV5CWPTtg7IzWh6IQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_pKVIDNV5CWPTtg7IzWh6IQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><p><span style="font-size:14.5px;color:rgba(0, 0, 0, 0.89);">Finding it hard to manage your accounting activities? KriyaGo can help you handle it easily. We have a dedicated team of experts who can run a quick audit on your company's accounting software and help you understand the gaps. &nbsp;</span></p></div><div><p><span style="font-size:14.5px;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><div><p><span style="font-size:14.5px;color:rgba(0, 0, 0, 0.89);">We specialize in back-office accounting, lease abstraction, lease audits, and more. We also provide integration services where you get all features in a single platform to help you manage your financial data in one single place. We help you integrate with Yardi, Procore, and others to help you manage your business efficiently. &nbsp;</span></p></div><div><p><span style="font-size:14.5px;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><div><p><span style="font-size:14.5px;color:rgba(0, 0, 0, 0.89);">If you think your systems need a revamp or you need more features to be added to your existing software, get in touch with us today!&nbsp;</span></p></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
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</div></div></div></div></div></div> ]]></content:encoded><pubDate>Thu, 03 Feb 2022 13:00:00 -0500</pubDate></item><item><title><![CDATA[Top Benefits of Expense Management Software]]></title><link>https://www.kriyago.com/blogs/post/top-benefits-of-expense-management-software</link><description><![CDATA[<img align="left" hspace="5" src="https://www.kriyago.com/Top Benefits of Expense Management Software - squr.png"/>Gone are the days when real estate agencies relied on paper processes and spreadsheets to manage expenses. Today, most of them have switched to expens ]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_0eOvDgkkTgKNwlw_CPFsZA" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_gEt5qTDVQYa5tjTTEopRBw" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_4ALY9vVvTka4iBhv7g4kYg" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"></style><div data-element-id="elm_QDU-oE6f_fldvGWQ8cthAA" data-element-type="image" class="zpelement zpelem-image "><style> [data-element-id="elm_QDU-oE6f_fldvGWQ8cthAA"].zpelem-image { border-radius:1px; } </style><div data-caption-color="" data-size-tablet="size-original" data-size-mobile="size-original" data-align="center" data-tablet-image-separate="" data-mobile-image-separate="" class="zpimage-container zpimage-align-center zpimage-size-large zpimage-tablet-fallback-large zpimage-mobile-fallback-large hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/Top%20Benefits%20of%20Expense%20Management%20Software%20-%20rect.png" size="large" alt="Top benefits of expense management software" data-lightbox="true" style="width:1280px;padding:0px;margin:0px;"/></picture></span></figure></div>
</div><div data-element-id="elm_OrXxvPs8TPqjsDxH725mBg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_OrXxvPs8TPqjsDxH725mBg"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Gone are the days when real estate agencies relied on paper processes and spreadsheets to manage expenses. Today, most of them have switched to expense management software to streamline workflow and improve productivity.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Are you wondering if you should make a move too? Do you need more information to make your decision?&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">In this blog, we will explore the top benefits of expense management software. We will provide you with accurate data so that you can make an informed decision for your business.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">So, let’s start with the most important advantage of using a digital solution to manage your expenses.&nbsp;</span></p></div></div></div>
</div><div data-element-id="elm_dQ2-0xu7QL-V5k6TfBb_7g" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_dQ2-0xu7QL-V5k6TfBb_7g"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="font-weight:700;color:rgb(22, 22, 90);">Real-time visibility into financial position</span></h2></div>
<div data-element-id="elm_Mv6CT8M7KDQrVA93z7FzLg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_Mv6CT8M7KDQrVA93z7FzLg"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">You are bound to meet difficulties if you track all your expenses manually. The challenges grow as you manage more properties, tenants, and employees.&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">The situation comes to a point where you lose visibility&nbsp;into&nbsp;your company spending. As a result, you also lose control over your budget and end up making inaccurate forecasts.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Expense management software can provide real-time visibility into your real estate expenses. You will be able to track expenses as they happen, complete with all information like payer name, amount, time, and more.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Therefore, you can stay updated on every cent that leaves your business.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;"><span style="color:rgba(0, 0, 0, 0.89);">According to Gartner,</span> </span><a href="https://www.gartner.com/en/documents/3964470/smart-insights-for-the-real-time-transportation-visibili" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;color:rgb(72, 118, 232);">real-time visibility enables entrepreneurs to manage risks better</span></a><span style="font-size:11pt;"><span style="color:rgb(72, 118, 232);">.&nbsp;</span><span style="color:rgba(0, 0, 0, 0.89);">They can also predict disruptions and save up to 20% of costs.&nbsp;</span></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Best of all, you can gain complete control over your spending.&nbsp;</span></p></div></div></div></div></div>
</div><div data-element-id="elm_5EkjUHQi1mRqfgqjXwUkuA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_5EkjUHQi1mRqfgqjXwUkuA"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><font color="#16165a"><b>High-quality financial data for accurate predictions</b></font></h2></div>
<div data-element-id="elm_ye9Un9qA2dCOKW1f_iHcPQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_ye9Un9qA2dCOKW1f_iHcPQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div><div><p><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;">Inaccurate financial data can take a toll on your bottom line. Additionally, they can end up in your reporting and &nbsp;</span><a href="https://smallbusiness.chron.com/dangers-inaccurate-financial-reporting-79357.html" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;color:rgb(72, 118, 232);">create a false picture of your financial position</span></a><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;">.&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">For example, you can report more profit than actual if your employees miss out on entering some expenses. As a result, you will now have to pay more taxes while filing your returns.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">On the other hand, your business will look less valuable if you underestimate your profit.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">An expense management tool can come to the rescue and improve data accuracy. It can help real estate agencies eliminate human errors and duplicate entries.&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">In addition, you can verify and cross-check data seamlessly. Therefore, your organization can aim for transparency and establish accountability for each expense.&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Ultimately, you will be able to make accurate forecasts for more success.&nbsp;</span></p></div></div></div></div>
</div><div data-element-id="elm_Sral8CCnVanPhPdOERIFFw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_Sral8CCnVanPhPdOERIFFw"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><font color="#16165a"><b>Improved operational efficiency</b></font></h2></div>
<div data-element-id="elm_mN5XJ3tWpTYwUbgQvTaksg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_mN5XJ3tWpTYwUbgQvTaksg"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div><div><div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">COVID-19 had a detrimental effect on most industries, including real estate. The world around, commercial spaces&nbsp;close down&nbsp;as governments announced months of lockdown. Returns from properties also began to decline, putting entrepreneurs under stress.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;">According to McKinsey, the </span><a href="https://www.mckinsey.com/industries/private-equity-and-principal-investors/our-insights/commercial-real-estate-must-do-more-than-merely-adapt-to-coronavirus" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;color:rgb(72, 118, 232);">unutilized enterprise value of real estate dipped by 25%</span></a><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;"> in most sectors. In the case of lodging, it went down by 37%.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">As a result, real estate businesses are searching for ways to boost operational efficiency. They are looking to cut costs and optimize expenses to derive the most value.&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Expense management software can go a long way to improve your operational efficiency and reduce costs. You can track every expense and find out whether it’s justified or brings returns.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Additionally, you can automate processes and improve efficiency. You can also reduce your payment cycles and avoid paying late fees.&nbsp;</span></p></div><div><p><span style="font-size:11pt;"><span style="color:rgba(0, 0, 0, 0.89);">In the process, you may even</span><span style="color:rgb(72, 118, 232);"> &nbsp;</span></span><span style="color:rgb(72, 118, 232);"><a href="https://www.entrepreneur.com/article/286084" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;">improve your revenues by 20% to 30%</span></a><span style="font-size:11pt;">.&nbsp;</span></span></p></div></div></div></div></div></div>
</div><div data-element-id="elm_A_MfSxDskq5p41NuSGHEHw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_A_MfSxDskq5p41NuSGHEHw"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><font color="#16165a"><b>Conserve resources, money and time</b></font></h2></div>
<div data-element-id="elm_7Ul-fS8Ytfbx8rsmpwXhPw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_7Ul-fS8Ytfbx8rsmpwXhPw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div><div><div><div><div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Real estate businesses spend endless hours on manual data entry and reconciliation. They also need days to approve expenses, collect receipts, and create reports that still contain errors.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Additionally, you also need to pay wages for the time given by your employees.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;">An Expense management solution can help entrepreneurs save time, resources and money in multiple ways. The top contributor is&nbsp;</span><a href="http://r%20insights/Automation%20at%20scale%20The%20benefits%20for%20payers/Automation-at-scale-The-benefits-for-payers.pdf" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;color:rgb(72, 118, 232);">automation that can help organizations save $16 trillion</span></a><span style="font-size:11pt;"><span style="color:rgb(72, 118, 232);"> </span><span style="color:rgba(0, 0, 0, 0.89);">in annual salaries.&nbsp;</span></span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">You can automate your data entry, receipt collection, and even reconciliations. Additionally, you can create reports with a few clicks and get to the bottom of every transaction in seconds.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;">According to research, </span><a href="https://www.workmarket.com/go/2020-insight-report-what-ai-automation-mean-for-work" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;color:rgb(72, 118, 232);">54% of the workforce believes they can conserve 240 hours every year</span></a><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;"> through automation. Additionally, you can also save the wages you would otherwise pay for those hours.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Moreover, real estate agencies can automate approvals with expense management software. They can also speed up reimbursements and pay your vendors on time.&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Best of all, you can use your free time to grow your business and boost productivity.&nbsp;</span></p></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_xsZPIjMsMDP5tziyulBUnw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_xsZPIjMsMDP5tziyulBUnw"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><font color="#16165a"><b>Generate valuable insights</b></font></h2></div>
<div data-element-id="elm_iOmkWBr6UcJcdL457crEaw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_iOmkWBr6UcJcdL457crEaw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div><div><div><div><div><div><div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Expense management software provides real-time visibility and control over your expenses. Additionally, you get a host of reports and analytics to make out your financial position.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Entrepreneurs can use the data to spot trends and patterns in their business spending. They can drive actionable insights and optimize spending to generate more value.&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">For example, your software can help you zero in on expenses that are no longer necessary. You might find you are paying for a service that you don’t use anymore.</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Therefore, you can&nbsp;take action&nbsp;and reduce your spending or choose another service.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">In addition, you can integrate your expense management software with your accounting solution. The process will help you streamline processes further and simplify reconciliation.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">You can also get&nbsp;ready information&nbsp;when you want to close your books or maintain your accounts.&nbsp;</span></p></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_jVra-VN5vaoqg8ymUDP4NQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_jVra-VN5vaoqg8ymUDP4NQ"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><font color="#16165a"><b>Implement your expense management software with KriyaGo</b></font></h2></div>
<div data-element-id="elm_2cPnEwXeZ64Kba0nTZvi5Q" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_2cPnEwXeZ64Kba0nTZvi5Q"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div><div><div><div><div><div><div><div><div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Real estate agencies need to work with a solid partner to set up and implement expense management solutions.&nbsp;KriyaGo&nbsp;works with reputed software vendors to offer entrepreneurs the best experience.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">We can help you get started with leading products like SAP Concur,&nbsp;Yardi, or&nbsp;Procore. Our team can also provide expertise, train your team, and help automate your business processes.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Get in touch with us today to tell us your requirements. You can also contact us for a free consultation of 1 hour to discuss your needs.&nbsp;</span></p></div></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_lwZncLG5Na7bQljx6AnUBA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_lwZncLG5Na7bQljx6AnUBA"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><font color="#16165a"><b>Final thoughts</b></font></h2></div>
<div data-element-id="elm_3zYi3xJKdurh70PfAAUHpw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_3zYi3xJKdurh70PfAAUHpw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div><div><div><div><div><div><div><div><div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Expense management software is the need of the hour for real estate agencies. The solution can help them save time, cut costs, and improve operational efficiency. They can also improve data accuracy, remove duplicates, and automate most processes to boost productivity. Additionally, a digital tool can provide complete visibility into expenses and help optimize business spending.&nbsp;</span><br></p></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div> ]]></content:encoded><pubDate>Thu, 04 Nov 2021 15:56:33 -0400</pubDate></item><item><title><![CDATA[Top 9 Best Practices For CAM Reconciliation]]></title><link>https://www.kriyago.com/blogs/post/top-9-best-practices-for-cam-reconciliation</link><description><![CDATA[<img align="left" hspace="5" src="https://www.kriyago.com/Top 9 wBest Practices For CAM Reconciliation -sur -1-.png"/>Common Area Maintenance (CAM) reconciliation sounds simple. Just add up all common area expenses and divide them among all the tenants. But in reality ]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_XCYeJ1FPRxyNi3lqpownLA" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_C8ydCmS5RtSuGUAEc4BkVA" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_BWZxdJg7TdyBJcWisbWqDw" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"></style><div data-element-id="elm_Xf10MK7qf2_JGiVpsiZ0qg" data-element-type="image" class="zpelement zpelem-image "><style> [data-element-id="elm_Xf10MK7qf2_JGiVpsiZ0qg"].zpelem-image { border-radius:1px; } </style><div data-caption-color="" data-size-tablet="size-original" data-size-mobile="size-original" data-align="center" data-tablet-image-separate="" data-mobile-image-separate="" class="zpimage-container zpimage-align-center zpimage-size-large zpimage-tablet-fallback-large zpimage-mobile-fallback-large hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/Top%209%20wBest%20Practices%20For%20CAM%20Reconciliation%20-%20rect%20-1-.png" size="large" alt="Top 9 Best Practices For CAM Reconciliation" data-lightbox="true" style="width:1280px;padding:0px;margin:0px;"/></picture></span></figure></div>
</div><div data-element-id="elm_sW0noXDqT2e6JmsTDpBGXw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_sW0noXDqT2e6JmsTDpBGXw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Common Area Maintenance (CAM) reconciliation sounds simple. Just add up all common area expenses and divide them among all the tenants. But in reality, it is a complex and time-consuming process.&nbsp;&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">You might miss certain expenses or end up overcharging your tenants. Additionally, any error in CAM reconciliations has a negative impact on property management. You can’t miss out on having a thorough reconciliation process.&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">While the task is tedious, our list of best practices helps make your CAM reconciliation more accurate.&nbsp;</span></p></div></div></div>
</div><div data-element-id="elm_vJhnCtMSTDaSFzFiyXQN8A" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_vJhnCtMSTDaSFzFiyXQN8A"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:rgb(22, 22, 90);font-weight:700;">Impact of a good CAM reconciliation process</span><br></h2></div>
<div data-element-id="elm_b7Tq0FaQwaM1FgJKmSwlDw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_b7Tq0FaQwaM1FgJKmSwlDw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">The money recovered from CAM reconciliations is used to operate and maintain common areas. An accurate CAM reconciliation process has various benefits other than just a financial boost.&nbsp;&nbsp;</span><br></p></div></div></div>
</div><div data-element-id="elm__k-rhwFKT2U_nAUX-Mkm3g" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm__k-rhwFKT2U_nAUX-Mkm3g"].zpelem-heading { border-radius:1px; } </style><h3
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:rgb(22, 22, 90);font-weight:700;">Better tenant relationship</span><br></h3></div>
<div data-element-id="elm_zvoec5kKuQiUy0DTWN5gVA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_zvoec5kKuQiUy0DTWN5gVA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">A transparent and timely reconciliation makes tenants trust you more. They will also be motivated to pay rent on time and also be responsible for maintenance. If the tenants are kept in the loop of the process, it leads to fewer CAM-related disputes. Through a good CAM reconciliation, you can build a better brand image and also get more referrals from trusting clients.&nbsp;&nbsp;</span><br></p></div></div></div>
</div><div data-element-id="elm_b1HZ1x9Z0Ae1Q7lrrR3GnQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_b1HZ1x9Z0Ae1Q7lrrR3GnQ"].zpelem-heading { border-radius:1px; } </style><h3
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:rgb(22, 22, 90);font-weight:700;">Be ahead of competitors</span><br></h3></div>
<div data-element-id="elm_8b9LiXLtmZXOpSQadZXP2w" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_8b9LiXLtmZXOpSQadZXP2w"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><p><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;">With around&nbsp;</span><a href="https://www.smallbizgenius.net/by-the-numbers/real-estate-statistics/#gref" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;color:rgb(72, 118, 232);">2 million real estate agents</span></a><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;">&nbsp;in the US alone, the industry has become very competitive. To stand out, property managers need to provide additional amenities to tenants. Having control over the CAM expenses can help cover the costs of such amenities and also improve your brand image.&nbsp;</span><br></p></div></div></div>
</div><div data-element-id="elm_aDupvziLQNLGSUy6b2H17A" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_aDupvziLQNLGSUy6b2H17A"].zpelem-heading { border-radius:1px; } </style><h3
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:rgb(22, 22, 90);font-weight:700;">Negotiate leases</span><br></h3></div>
<div data-element-id="elm_180wsa1ZrCZVN_ccR2Fs1g" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_180wsa1ZrCZVN_ccR2Fs1g"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Lease negotiations need to be profitable for both the property manager and the tenants. A good CAM reconciliation process covers all property management costs while also giving tenants the best amenities.&nbsp;</span><br></p></div></div></div>
</div><div data-element-id="elm_1ytHW6zPVFlxo-wcSu7mZw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_1ytHW6zPVFlxo-wcSu7mZw"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:rgb(22, 22, 90);font-weight:700;">Tips for CAM reconciliation</span><br></h2></div>
<div data-element-id="elm_iKPgfwGkzPv47tyikDsQrQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_iKPgfwGkzPv47tyikDsQrQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><p><span style="font-size:11pt;"><span style="color:inherit;">C</span><span style="color:rgba(0, 0, 0, 0.89);">ommon area maintenance expenses usually include:&nbsp;</span></span></p></div><div><ul><li style="margin-left:24px;font-size:11pt;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Repairs and maintenance expenses&nbsp;</span></p></li><li style="margin-left:24px;font-size:11pt;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">HVAC and other utilities&nbsp;</span></p></li><li style="margin-left:24px;font-size:11pt;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Property tax and other fees&nbsp;</span></p></li></ul></div></div><div><div><ul><li style="margin-left:24px;font-size:11pt;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Salary of property staff such as janitors and security services.&nbsp;</span></p></li><li style="margin-left:24px;font-size:11pt;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Cost of new amenities&nbsp;</span></p></li></ul></div><div><p><br></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">To cover these costs and fairly divide them among your tenants, you need to follow these tips for CAM reconciliation.&nbsp;</span></p></div></div></div></div></div></div>
</div><div data-element-id="elm_UWpvnKs7pR4Q3Og2005vpQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_UWpvnKs7pR4Q3Og2005vpQ"].zpelem-heading { border-radius:1px; } </style><h3
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:rgb(22, 22, 90);font-weight:700;">Budget for your CAM</span><br></h3></div>
<div data-element-id="elm_0V9SHIPm1nIl36Zh92jgtQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_0V9SHIPm1nIl36Zh92jgtQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">A CAM reconciliation starts with budgeting. One of the best ways to get a budget estimate is to look at the previous year's reconciliations. Or, if your property is new, you can also do a thorough expense review. This step is essential to avoid missing any expenses. If you detect any errors after submitting the report, then changing it would be difficult.&nbsp;&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Apart from the usual expenses, your CAM reconciliation should also include pro-rata shares that have changed during the term.&nbsp;&nbsp;</span></p></div></div></div></div></div>
</div><div data-element-id="elm_zpOh3PgR72X5P_ucghhJZA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_zpOh3PgR72X5P_ucghhJZA"].zpelem-heading { border-radius:1px; } </style><h3
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:rgb(22, 22, 90);font-weight:700;">Calculate your occupancy</span><br></h3></div>
<div data-element-id="elm_ZEVYgbKqRhoV-ycseP7cTQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_ZEVYgbKqRhoV-ycseP7cTQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">One of the typical mistakes in CAM reconciliations is calculating the expenses by considering 100% occupancy. Some costs like security services and amenities might not change depending on the number of tenants.&nbsp;&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">But others like water, electricity, and janitorial services will vary with occupancy. You need to also consider the number of days a tenant has stayed on your property. Consider a tenant who has signed the lease in March. It would be unfair if they had to pay expenses for the whole year. In this case, you need to exclude the first two months of the year for that tenant's expenses.&nbsp;</span></p></div></div></div></div></div></div></div>
</div><div data-element-id="elm_QzWsMq3pltLQiHRkPx_DlQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_QzWsMq3pltLQiHRkPx_DlQ"].zpelem-heading { border-radius:1px; } </style><h3
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:rgb(22, 22, 90);font-weight:700;">Document all changes</span><br></h3></div>
<div data-element-id="elm_gQNq33UzGmGz5G3nD989sA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_gQNq33UzGmGz5G3nD989sA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">It is not uncommon for property managers to exclude minor repairs and maintenance from their CAM reconciliations. But eventually, these charges add up as discrepancies in your final report. To avoid this, document every change you have made to the properties, and add this to your CAM reconciliation.&nbsp;&nbsp;</span><br></p></div></div></div></div></div></div></div>
</div><div data-element-id="elm_OouJFuSHE5wiAQcUXA-uVw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_OouJFuSHE5wiAQcUXA-uVw"].zpelem-heading { border-radius:1px; } </style><h3
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:rgb(22, 22, 90);font-weight:700;">Include property management fees</span><br></h3></div>
<div data-element-id="elm_v-X4vDVbcEh6W0eA9Fiecw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_v-X4vDVbcEh6W0eA9Fiecw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><div><div><div><p><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;">Tenants are also liable to pay a monthly fee to their property manager. Depending on the number of units, property managers can charge anywhere between&nbsp;</span><a href="https://www.thebalancesmb.com/a-breakdown-of-property-management-fees-4589926" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;color:rgb(72, 118, 232);">4% to 12%</span></a><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;">&nbsp;of the monthly rent.&nbsp;</span></p></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_w5l1qXbZi-tj8HnEOohWqg" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_w5l1qXbZi-tj8HnEOohWqg"].zpelem-heading { border-radius:1px; } </style><h3
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:rgb(22, 22, 90);font-weight:700;">Ensure timely invoices</span><br></h3></div>
<div data-element-id="elm_UteeQC3vurgCrqxs1FMqdA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_UteeQC3vurgCrqxs1FMqdA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><div><div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">If you want to ensure you are paid on time, then you also need to send timely invoices to tenants. Your invoices should reflect the various expenses to ensure transparency. Make sure that you follow up and collect the fees within the due date. Timely payments make reconciliations easier and help avoid discrepancies.&nbsp;&nbsp;</span><br></p></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_Z7zbYQviuiXGmC-frQM6Jg" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_Z7zbYQviuiXGmC-frQM6Jg"].zpelem-heading { border-radius:1px; } </style><h3
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:rgb(22, 22, 90);font-weight:700;">Obtain all third-party information</span><br></h3></div>
<div data-element-id="elm_EhLkGxx7aZiv8ZoAmGGIsA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_EhLkGxx7aZiv8ZoAmGGIsA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><div><div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Third-party information like bills from insurance and janitorial service providers and reports from utility companies are all required to make the CAM reconciliation more accurate. Obtain any such information to make sure your reconciliation process can finish on time. Keep track of all missing information as it is easy to miss something small, especially if you handle multiple properties.&nbsp;</span><br></p></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_H38Av-Dj9HYqFRV1Lx_DIA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_H38Av-Dj9HYqFRV1Lx_DIA"].zpelem-heading { border-radius:1px; } </style><h3
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:rgb(22, 22, 90);font-weight:700;">Review the reconciliation</span><br></h3></div>
<div data-element-id="elm_wlyG0zofOmv76RJHvuhqjQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_wlyG0zofOmv76RJHvuhqjQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><div><div><div><div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Verifying your ledger can be time-consuming. But it is also crucial to avoid any errors in the reconciliation. You can start by comparing your reconciliation report to the previous year's reports. This highlights any major mistakes, especially if the costs have a drastic difference.&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Next, you also need to check if the details mentioned in the reconciliations reflect in the actual leases. Make sure you are not charging the tenant something, not on the lease.&nbsp;&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br></span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Also, check for any missing entries or unpaid invoices from tenants and vendors.&nbsp;&nbsp;</span></p></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_unnfQ5JiJI5Ie9zhp7HrWA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_unnfQ5JiJI5Ie9zhp7HrWA"].zpelem-heading { border-radius:1px; } </style><h3
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:rgb(22, 22, 90);font-weight:700;">Use property management software</span><br></h3></div>
<div data-element-id="elm_eV0IwuPq9Dcp9zR4MyLeNQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_eV0IwuPq9Dcp9zR4MyLeNQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><div><div><div><div><div><div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Property management software has many features you can use to make CAM reconciliations easier. You can keep track of the expenses, save invoices and payment details, and communicate with your tenants.&nbsp;&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">For example, Yardi Breeze has specific tools to help with CAM reconciliations. It allows you to set up tenant details for all properties and create payables for the same. It also lets you run a reconciliation by creating balancing sheets for each property. You can reach out to a Yardi consultant to know more about its features.&nbsp;</span></p></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_OiCbCC6MfXIqKNUjP_mAyA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_OiCbCC6MfXIqKNUjP_mAyA"].zpelem-heading { border-radius:1px; } </style><h3
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:rgb(22, 22, 90);font-weight:700;">Outsource your CAM reconciliation</span><br></h3></div>
<div data-element-id="elm_3mZQ0DLmxXhirW-cYHwXEg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_3mZQ0DLmxXhirW-cYHwXEg"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><div><div><div><div><div><div><div><div><div><p><span style="font-size:11pt;"><span style="color:rgba(0, 0, 0, 0.89);">As a property manager, you will have many tasks that require your attention. If you cannot handle CAM reconciliations or want an expert to take care of them, you can reach out to an outsourcing company.&nbsp;</span><span style="color:inherit;">&nbsp;</span></span></p></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_5IjjHubtR8Y8skyvOMPnBA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_5IjjHubtR8Y8skyvOMPnBA"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="color:rgb(22, 22, 90);font-weight:700;">Simplify CAM reconciliation with Assetsoft</span><br></h2></div>
<div data-element-id="elm_yLFg5RzBtUyTLDrX4mRUlQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_yLFg5RzBtUyTLDrX4mRUlQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div><div style="font-size:12px;"><div><div><div><div><div><div><div><div><div><div><div><div><div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">CAM reconciliations have little room for error. At Assetsoft, we help clients simplify their CAM reconciliation processes. Our team of experts understands the legal and functional aspects of common area maintenance.&nbsp;&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">By outsourcing your CAM reconciliations to us, you can maintain common areas better while also reducing the overall fee. With platforms like Yardi and MRI, we make sure that the reconciliations are justified and the expenses are fairly divided.&nbsp;&nbsp;</span></p></div><div><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><div><p><span style="font-size:11pt;"><span style="color:rgba(0, 0, 0, 0.89);">To outsource your leasing processes, reach out to Assetsoft!</span><span style="color:inherit;">&nbsp;</span></span></p></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div> ]]></content:encoded><pubDate>Mon, 23 Aug 2021 09:00:00 -0400</pubDate></item><item><title><![CDATA[Kriyago Blox - The Top 10 Advantages for Your Business  ]]></title><link>https://www.kriyago.com/blogs/post/kriyago-blox-the-top-10-advantages-for-your-business</link><description><![CDATA[<img align="left" hspace="5" src="https://www.kriyago.com/Kriyago Blox - The Top 10 Advantages for Your Business - sur.png"/>Technology has changed the way real estate property management functions. From marketing to management--every real estate process can be automated. Of ]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_Zr3INjDERg2UZn5pDQ8dzQ" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_IvsY5FGyTDyicdabvadOJg" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_RBMptCTHQjKUQ9XPBOK8bw" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"> [data-element-id="elm_RBMptCTHQjKUQ9XPBOK8bw"].zpelem-col{ border-radius:1px; } </style><div data-element-id="elm_EQiiaR7yxJUfs6hgReAlbQ" data-element-type="image" class="zpelement zpelem-image "><style> [data-element-id="elm_EQiiaR7yxJUfs6hgReAlbQ"].zpelem-image { border-radius:1px; } </style><div data-caption-color="" data-size-tablet="size-original" data-size-mobile="size-original" data-align="center" data-tablet-image-separate="" data-mobile-image-separate="" class="zpimage-container zpimage-align-center zpimage-size-large zpimage-tablet-fallback-large zpimage-mobile-fallback-large hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/Kriyago%20Blox%20-%20The%20Top%2010%20Advantages%20for%20Your%20Business%20-%20rect.png" size="large" alt="Kriyago Blox - The Top 10 Advantages for Your Business  " data-lightbox="true" style="width:1280px;padding:0px;margin:0px;"/></picture></span></figure></div>
</div><div data-element-id="elm_Nz5EOyz2QjOnJwRmI2VKOw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_Nz5EOyz2QjOnJwRmI2VKOw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Technology has changed the way real estate property management functions. From marketing to management--every real estate process can be automated. Often, property managers find themselves using multiple software to manage all their activities. This solution comes with its own problems. Instead, we offer you a better solution--KriyaGo Blox!&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><p></p><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Our software lets you connect all your platforms and eliminates data transfers. The integration provides the benefits of multiple software in a single place. How else can KriyaGo Blox benefit property management? Read on to know more!&nbsp;</span></p></div></div>
</div><div data-element-id="elm_SMIKHKJcROaMotT6r8IlTA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_SMIKHKJcROaMotT6r8IlTA"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="font-weight:700;color:rgb(22, 22, 90);">1. Integrate different platforms easily&nbsp;</span></h2></div>
<div data-element-id="elm_LM3jj2dHm3PK6ftNAMlzgA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_LM3jj2dHm3PK6ftNAMlzgA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Popular software like Yardi and MRI have different tools for property management. Depending on your needs, you might find few features of each software better than the others. You can use more than one software to meet your business requirements. But it also means more workload and decreased efficiency. Managing multiple platforms can also be a hassle for your employees.&nbsp;&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><p></p><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Instead, you can integrate different platforms easily - through KriyaGo Blox. Our software uses ‘blox’ to connect multiple software into a single platform. This lets you access all the features in one place, saving you time and money.&nbsp;&nbsp;</span></p></div></div></div>
</div><div data-element-id="elm_wNxYMDZJq-NJnHjSxwkmgg" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_wNxYMDZJq-NJnHjSxwkmgg"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="font-weight:700;color:rgb(22, 22, 90);">2. Transfer data between systems seamlessly</span></h2></div>
<div data-element-id="elm_IZCZ-gZUHnlNpKR1RjB8Cg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_IZCZ-gZUHnlNpKR1RjB8Cg"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Now, you may use more than one software to leverage all the features. The downside? Each software requires its own database. Even if all of them are property management software, they cannot access each other’s data.&nbsp;&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><p></p><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">KriayaGo Blox solves this problem by integrating all your tools into a single platform. With a single database, each software can access the required data from other tools. For example, your forecasting software requires data from your CRM software. By connecting it with KriyaGo Blox, it can access the required information anytime without relying on manual data entry.&nbsp;&nbsp;</span></p></div></div></div></div>
</div><div data-element-id="elm_TfzJny_gtN6x1mjWhWUcIA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_TfzJny_gtN6x1mjWhWUcIA"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="font-weight:700;color:rgb(22, 22, 90);">3. Build more the smart way</span></h2></div>
<div data-element-id="elm_-Em31xdsekbI5IefhUOjXw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_-Em31xdsekbI5IefhUOjXw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;">Can’t find the required features in available platforms? You can build your own tools that suit your business requirements. KriyaGo Blox lets you customize software features through platforms like Microsoft Logic and Power Automate. Instead of building software from scratch, which often overruns&nbsp;</span><a href="https://www.theserverside.com/opinion/Dont-contribute-to-the-high-IT-project-failure-rate" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;color:rgb(72, 118, 232);">estimated cost and time</span></a><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;">, you can use KriyaGo Blox to customize existing software and add more tools.&nbsp;&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><p></p><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">This meets all the goals of building bespoke software without investing as much time and money into it. Since it is also easier, you can customize as many tools as you require, according to your business growth.&nbsp;&nbsp;</span></p></div></div></div></div></div>
</div><div data-element-id="elm_dAUrtSQYXnegrWPIa2SsuQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_dAUrtSQYXnegrWPIa2SsuQ"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="font-weight:700;color:rgb(22, 22, 90);">4. Skip managing APIs</span></h2></div>
<div data-element-id="elm_htVem6wz5XoaJ3ljx0kfug" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_htVem6wz5XoaJ3ljx0kfug"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">The importance of APIs cannot be stressed enough in software integration. Whether it is machine data, software, or sensors, APIs can connect almost anything. But managing APIs can be difficult considering the security risks of unmanaged APIs.&nbsp;&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><p></p><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">With KriyaGo Blox, you don’t need to learn or manage APIs to connect various software. Our no-code software lets you integrate through ‘blox’, which are easy-to-use components. These blox are not only limited to integration but can also be used for custom software building by your internal team.&nbsp;&nbsp;</span></p></div></div></div></div></div></div>
</div><div data-element-id="elm_pVpqTulz5OPgeOOKR0g_2A" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_pVpqTulz5OPgeOOKR0g_2A"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="font-weight:700;color:rgb(22, 22, 90);">5. Streamline data management</span></h2></div>
<div data-element-id="elm_us74aX7A35njwryDhEYfNw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_us74aX7A35njwryDhEYfNw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">The more tools you use, the more data you have to manage. Since all the tools are similar, they also use the same information to perform tasks. This can lead to bad data management, or worse, duplicate data entry.&nbsp;&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;">According to&nbsp;</span><a href="https://www.gartner.com/en/newsroom/press-releases/2014-02-20-gartner-says-master-data-management-is-critical-to-crm-optimization" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;color:rgb(72, 118, 232);">Gartner</span></a><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;">, coordinating master data is essential for CRM optimization. It also stated that bad data management leads to a 25% decrease in potential revenue gains. By using KriyaGo Blox, you can build a single database through software integration.&nbsp;&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="color:rgba(0, 0, 0, 0.89);"><span style="font-size:11pt;">Each of your property management tools will access the same pool of information. This lets you minimize manual data transfer and also reduces duplicate data.&nbsp;&nbsp;</span><span style="font-size:11pt;">&nbsp;</span></span></p></div></div></div></div></div></div></div>
</div><div data-element-id="elm_f0mHcaiT0fOgzX4NxS6LuQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_f0mHcaiT0fOgzX4NxS6LuQ"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="font-weight:700;color:rgb(22, 22, 90);">6. Improve customer experience</span></h2></div>
<div data-element-id="elm_cH5M-OuVB8Mf6TqTJpVGhw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_cH5M-OuVB8Mf6TqTJpVGhw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;">Better data management is the key to happier customers. According to&nbsp;</span><a href="https://www.experian.co.uk/assets/data-quality/experian-global-data-management-report-jan-2019.pdf" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;color:rgb(72, 118, 232);">Experian</span></a><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;">, 98% of Fortune 500 companies use data to improve their customer experience. By organizing data, you can streamline your sales and marketing strategies.&nbsp;&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><p></p><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">By integrating all the information, marketing software can access and utilize data from other platforms. This improves sales processes like lead nurturing, cold calling, and email marketing.&nbsp;&nbsp;</span></p></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_ca6Zzyxa7KDyVPbOoKtLfg" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_ca6Zzyxa7KDyVPbOoKtLfg"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="font-weight:700;color:rgb(22, 22, 90);">7. Decrease labor costs</span></h2></div>
<div data-element-id="elm_N3V63-3Wxt6FbH1_usfTiA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_N3V63-3Wxt6FbH1_usfTiA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Using multiple software requires the same number of employees to manage them. Moreover, all these employees have to work on data transfer from one platform to another. This is a non-productive and inefficient use of labor. By using a single integrated platform, you can decrease labor costs by eliminating unnecessary manual tasks.&nbsp;&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><p></p><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Since all platforms can access the same data, the need for data transfers will decrease. You will also require fewer resources for software management. This decreases the workload on your staff and lets them work efficiently.&nbsp;</span></p></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_s8sNWVawEghs98SlP1IuTA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_s8sNWVawEghs98SlP1IuTA"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="font-weight:700;color:rgb(22, 22, 90);">8. Easy to use</span></h2></div>
<div data-element-id="elm_-m1GaJgl4eCYj4IFOinixw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_-m1GaJgl4eCYj4IFOinixw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Most software building and customization require in-depth knowledge of coding. Instead of spending more on getting expert resources, you can simply use Kriaygo Blox. It is a no-code software which means you don’t need IT experts to manage and use the application.&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><p></p><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Apart from software integration, it also lets you easily build tools for your business without any extensive knowledge requirement. Your internal team can use KriyaGo Blox by undergoing simple training. Whether you want to customize or integrate, you can do so without any coding knowledge.&nbsp;&nbsp;</span></p></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_vdx903eJ6jYpXCq3ZZN2Vw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_vdx903eJ6jYpXCq3ZZN2Vw"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="font-weight:700;color:rgb(22, 22, 90);">9. Focus on core business tasks</span></h2></div>
<div data-element-id="elm_ADOZpunkp1xdajTWX1XXEg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_ADOZpunkp1xdajTWX1XXEg"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:14.6667px;color:rgba(0, 0, 0, 0.89);">Software integrations save you a lot of time, money, and resources. As a property manager, you can focus on your core business tasks such as maintenance and marketing. Since KriyaGo Blox is easy to use and requires minimal resources, you can manage the software without a dedicated team. This lets you channel your resources into important business tasks.</span><br></p></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_kvLxHm9C-fL68re__kbOFA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_kvLxHm9C-fL68re__kbOFA"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="font-weight:700;color:rgb(22, 22, 90);">10. Improve business insights</span></h2></div>
<div data-element-id="elm_0z_kvIquNuoC7OlX4ZybWg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_0z_kvIquNuoC7OlX4ZybWg"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:14.6667px;color:rgba(0, 0, 0, 0.89);">Data plays a huge role in developing the right business insights. Instead of extracting data from individual software and developing multiple reports, you can use information from the integrated database. Reports generated through this data give you collective insights into various business processes.</span><br></p></div></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_DxSWM9ntZUhC7PqH_YcGYA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_DxSWM9ntZUhC7PqH_YcGYA"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left " data-editor="true"><span style="font-weight:700;color:rgb(22, 22, 90);">Try KriyaGo Blox!</span></h2></div>
<div data-element-id="elm_q9W7lnd6Ut8jaoMU-Q5-wA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_q9W7lnd6Ut8jaoMU-Q5-wA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">KriyaGo Blox is a simple solution to a common property management problem--data transfers. While a multitude of software offer various features for property management, they fail to communicate with each other. We eliminate this problem by integrating all your software into a single platform.&nbsp;&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Unlike other integrations, KriyaGo Blox uses easy, no-code components. This lets your internal team build and customize software without complications. We can integrate popular software like Yardi, MRI, SAP Concur, and Office 365. We can also enable you to build your own tools through Microsoft Logic and Power Automate.&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><p></p><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">To know more about KriyaGo Blox--reach out to KriyaGo!&nbsp;</span></p></div></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div> ]]></content:encoded><pubDate>Wed, 11 Aug 2021 09:00:01 -0400</pubDate></item><item><title><![CDATA[6 Advantages Of Outsourcing Back Office Operations ]]></title><link>https://www.kriyago.com/blogs/post/6-advantages-of-outsourcing-back-office-operations</link><description><![CDATA[<img align="left" hspace="5" src="https://www.kriyago.com/6 advantages of outsourcing back office operations - sq-1.png"/>A company's back office employees do not directly contact a client. They are also not the face of the company. But the back office handles crucial tas ]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_YcU-3rt2Tpi9V5UYso96jQ" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_xflWSOo6RjKkNqf1B4v3aw" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_4x_7taKsQ7SE-8S-aGYIdQ" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"></style><div data-element-id="elm_MnTrcQ3Fq7dwIgLmErBgkg" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_MnTrcQ3Fq7dwIgLmErBgkg"] .zpimage-container figure img { width: 800px ; height: 171.25px ; } } [data-element-id="elm_MnTrcQ3Fq7dwIgLmErBgkg"].zpelem-image { border-radius:1px; } </style><div data-caption-color="" data-size-tablet="size-original" data-size-mobile="size-original" data-align="center" data-tablet-image-separate="" data-mobile-image-separate="" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-large zpimage-tablet-fallback-large zpimage-mobile-fallback-large hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/6%20advantages%20of%20outsourcing%20back%20office%20operations%20-%20rect.png" size="large" alt="6 Advantages Of Outsourcing Back Office Operations " data-lightbox="true" style="width:1280px;padding:0px;margin:0px;"/></picture></span></figure></div>
</div><div data-element-id="elm_5YIc3kR0SbGwrDC2oiLGSA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_5YIc3kR0SbGwrDC2oiLGSA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">A company's back office employees do not directly contact a client. They are also not the face of the company. But the back office handles crucial tasks and functions to make front office management easier. Back office staff usually handle administrative and operative functions.&nbsp;&nbsp;</span><br/></p></div>
</div><div data-element-id="elm_ABb00-XESoyGtb2i0aYjiA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_ABb00-XESoyGtb2i0aYjiA"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-size:30px;font-weight:700;color:rgb(22, 22, 90);">Why is Back Office important?</span><br/></h2></div>
<div data-element-id="elm_PWEU_hFMi-Kn4sPEoz3tEw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_PWEU_hFMi-Kn4sPEoz3tEw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">The back office handles several key tasks like database administration, HR management, finance, IT, and technical support. Having an efficient back office helps in the smooth functioning of your business processes. Additionally:&nbsp;</span><br/></p></div>
</div><div data-element-id="elm_MIpq0xceCbmah5evyDSoCQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_MIpq0xceCbmah5evyDSoCQ"].zpelem-heading { border-radius:1px; } </style><h3
 class="zpheading zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-weight:600;color:rgb(22, 22, 90);">They handle multiple tasks</span><br/></h3></div>
<div data-element-id="elm_4JfZakSx71kRkpfr8x5R2A" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_4JfZakSx71kRkpfr8x5R2A"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Your back office handles most of your financial tasks. They manage accounts, keep track of revenue and expenses, and ensure that all functions go smoothly.&nbsp;</span><br/></p></div>
</div><div data-element-id="elm_LtzuW4v1G64FsK0Vy2Pmeg" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_LtzuW4v1G64FsK0Vy2Pmeg"].zpelem-heading { border-radius:1px; } </style><h3
 class="zpheading zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-weight:600;color:rgb(22, 22, 90);">They ensure front office productivity</span><br/></h3></div>
<div data-element-id="elm_zd2jRVqMby-YkTaCCDc6kw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_zd2jRVqMby-YkTaCCDc6kw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">While the front office focuses on building the company's image, the back office handles all tedious tasks. They make sure that front office employees have all the information they need. This ensures the front office is productive and focused on building the brand reputation.&nbsp;</span><br/></p></div>
</div><div data-element-id="elm_eisEuqbdoQPpAjxkyRpNdA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_eisEuqbdoQPpAjxkyRpNdA"].zpelem-heading { border-radius:1px; } </style><h3
 class="zpheading zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-weight:600;color:rgb(22, 22, 90);">They manage company data</span><br/></h3></div>
<div data-element-id="elm_soR7lDOy4KBw0S7JWqjQ3A" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_soR7lDOy4KBw0S7JWqjQ3A"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="font-size:12px;"><p><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;">Every day the company generates a lot of data in the form of client information and transactions. Your back office collects, organizes, and stores the data on a secure platform like the cloud. More than&nbsp;</span><a href="https://fortunly.com/statistics/outsourcing-statistics/#gref" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;color:rgb(72, 118, 232);">90% of companies</span></a><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;">&nbsp;worldwide store data on the cloud. They also help make the data ready for analysis to gain valuable insights from the information.&nbsp;</span><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;">&nbsp;</span></p></div></div>
</div><div data-element-id="elm_GbG0biWcEU-VG30E_mQDnQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_GbG0biWcEU-VG30E_mQDnQ"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-size:30px;font-weight:700;color:rgb(22, 22, 90);">Get more from back office functions through outsourcing&nbsp;</span><br/></h2></div>
<div data-element-id="elm_Kw8JvPOb00yQX2rQoocyUg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_Kw8JvPOb00yQX2rQoocyUg"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="font-size:12px;"><p><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;">Having excellent back office management is crucial for a company's growth. The company relies on the back office for a majority of its functions. But,&nbsp;</span><a href="https://www.capgemini.com/wp-content/uploads/2017/07/backing_up_the_digital_front25_11_0.pdf" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;color:rgb(72, 118, 232);">60% of customer dissatisfaction</span></a><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;">&nbsp;is traced back to the company's back office teams. If you find it difficult to manage another in-house team, you can outsource your back office operations. Outsourcing has several benefits over managing an internal team.&nbsp;&nbsp;</span><br/></p></div></div>
</div><div data-element-id="elm_czAGV9ZqbL3ZlK23iyLmng" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_czAGV9ZqbL3ZlK23iyLmng"].zpelem-heading { border-radius:1px; } </style><h3
 class="zpheading zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-weight:600;color:rgb(22, 22, 90);">They manage company data</span><br/></h3></div>
<div data-element-id="elm_0z8ykhwQorSUR9z2dIXDzQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_0z8ykhwQorSUR9z2dIXDzQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;">Even if you have to pay for outsourcing services, it can reduce the overall costs of your back office operations. Companies that provide back office services have pre-trained staff that have hands-on experience. You can cut down on training and induction costs through outsourcing. They also have a well set out approach to all back office functions. This increases productivity and cost-effectiveness. According to&nbsp;</span><a href="https://resources.enterprisetalk.com/ebook/Blue-Prism-eBook-4.pdf" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;color:rgb(72, 118, 232);">EY estimates</span></a><span style="color:rgba(0, 0, 0, 0.89);font-size:11pt;">, you can save from 20-60% by automating your back office operations.&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Moreover, most outsourcing services operate from cities with lower living costs. This can reduce your back office expenses while providing you better services than an in-house team.&nbsp;</span></p><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);"><br/></span></p></div><p></p><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Since the primary goal of the back office is cost reduction, outsourcing to an expert team is a smart choice.&nbsp;</span></p></div></div></div>
</div><div data-element-id="elm_hlNG6Ap-tNBPR3zcZpu0Lg" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_hlNG6Ap-tNBPR3zcZpu0Lg"].zpelem-heading { border-radius:1px; } </style><h3
 class="zpheading zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-weight:600;color:rgb(22, 22, 90);">Better resource management&nbsp;</span><br/></h3></div>
<div data-element-id="elm_KZ1DWfd1JReL08IjgkCj2A" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_KZ1DWfd1JReL08IjgkCj2A"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div><div><p><span style="font-size:14.66px;color:rgba(0, 0, 0, 0.89);">Most businesses do not have a consistent workload for their back office team. For example, during tax season, the back office team may have to work overtime. This company will have to increase its employee compensation to account for the extra hours. While in other months, the back office team may not have much work at all. Regardless of the workload, the company will have to keep paying them a certain salary.&nbsp;&nbsp;</span></p></div><div><p><span style="font-size:14.66px;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><p></p><div><p><span style="font-size:14.66px;color:rgba(0, 0, 0, 0.89);">With outsourcing, you can utilize the services as per your requirements. Most outsourcing companies require payment on a project-to-project basis. You can hire them during a busy season and keep away from back office expenses when the business is slow.&nbsp;&nbsp;</span></p></div></div></div></div></div></div>
</div><div data-element-id="elm_8ieF3UtGtenWZZnZGTOKiw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_8ieF3UtGtenWZZnZGTOKiw"].zpelem-heading { border-radius:1px; } </style><h3
 class="zpheading zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-weight:600;color:rgb(22, 22, 90);">Easy scalability</span><br/></h3></div>
<div data-element-id="elm_DYQh1WpRgfXsR1spnTRpBQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_DYQh1WpRgfXsR1spnTRpBQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Depending on your clientele, your company may require additional back office staff. Or, you may also need to lay off a few employees if there is no business. With an in-house team, it is difficult to do so every time your clientele changes. Back office outsourcing provides easy scalability options.&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><p></p><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">These services have a team of experts working on different projects. You can always increase or decrease the amount of work assigned to them and pay accordingly. By outsourcing, you can improve your clientele without worrying about finance and data management operations.&nbsp;</span></p></div></div></div></div></div>
</div><div data-element-id="elm_B2fSYEXOf5jLg9Vm55YT7Q" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_B2fSYEXOf5jLg9Vm55YT7Q"].zpelem-heading { border-radius:1px; } </style><h3
 class="zpheading zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-weight:600;color:rgb(22, 22, 90);">Better expertise, services and technology</span><br/></h3></div>
<div data-element-id="elm_yM2h8oQ4imfMI8gu2RdDwQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_yM2h8oQ4imfMI8gu2RdDwQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Back office functions require more than just trained staff. If you handle large amounts of data every day, you will need specific tools and software to make your back office functions more efficient. For different operations, you will require additional software. These tools can be expensive and add unnecessary expenses to your company's budget.&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">You can also choose to host your data on the cloud to make it accessible to you at any time. This keeps you in the loop with your back office operations while also leveraging the benefits of outsourcing. Data storage on the cloud also ensures that your data is secure.&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div><p></p><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Outsourcing services have a variety of software available with them. Companies like KriyaGo can also integrate features from multiple software to fit your requirements. This can save costs of buying and training staff for different digital tools.&nbsp;&nbsp;</span></p></div></div></div></div></div></div>
</div><div data-element-id="elm_yDi2hSPvRVECj_X0DJuVAA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_yDi2hSPvRVECj_X0DJuVAA"].zpelem-heading { border-radius:1px; } </style><h3
 class="zpheading zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-weight:600;color:rgb(22, 22, 90);">Investment more time in other business functions</span><br/></h3></div>
<div data-element-id="elm_3hVHGJyiToT73MFYD6v-eA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_3hVHGJyiToT73MFYD6v-eA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Outsourcing services take care of everything from employee training to payrolls. This reduces the burden of managing an in-house team. You can focus on other business operations such as marketing and data analysis. Tasks that increase the company's revenue, such as market expansion and product management, require more attention.&nbsp;&nbsp;</span></p></div><p></p><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Outsourcing frees up your time to concentrate on your company's growth.&nbsp;</span></p></div></div></div></div></div></div></div>
</div><div data-element-id="elm_fj2Df4tviE-14PPImD44Fg" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_fj2Df4tviE-14PPImD44Fg"].zpelem-heading { border-radius:1px; } </style><h3
 class="zpheading zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-weight:600;color:rgb(22, 22, 90);">Better business opportunities</span><br/></h3></div>
<div data-element-id="elm_N8YHVfbI-QpP-5JS1TmUQw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_N8YHVfbI-QpP-5JS1TmUQw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">With easily scalable back office operations, your company can focus on increasing your client base. Most back office services use software capable of bulk work. Whether it is payroll management or bank reconciliation, back office services can handle everything. As you increase your market reach, you can scale your back office operations accordingly.&nbsp;</span><br/></p></div></div></div></div></div></div></div>
</div><div data-element-id="elm__fbd2TmIKF_zEcWSUE0A6A" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm__fbd2TmIKF_zEcWSUE0A6A"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-size:30px;font-weight:700;color:rgb(22, 22, 90);">Automate your back office operations through KriyaGo</span><br/></h2></div>
<div data-element-id="elm_D7lGbhBYvJ4OfOtSlD9p_Q" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_D7lGbhBYvJ4OfOtSlD9p_Q"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">At KriyaGo, we believe the back office is the backbone of your company. Our back office services offer you better software and expert resources at lower costs. By outsourcing to us, you can drive core functions, ensure data security and get better control over the operations.&nbsp;</span></p></div>
<div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div>
<div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">Additionally, we offer other software solutions for property management companies. If you are looking to integrate the best features from various software, KriyaGo is the right place for you. We work with platforms like Yardi, Procore, and SAP Concur to build customized software for our clients.&nbsp;</span></p></div>
<div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">&nbsp;</span></p></div>
<p></p><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgba(0, 0, 0, 0.89);">If you want to get the most out of back office outsourcing, book your consultation with KriyaGo!&nbsp;</span></p></div>
</div></div></div></div></div></div></div></div></div></div></div></div></div> ]]></content:encoded><pubDate>Tue, 13 Jul 2021 09:30:00 -0400</pubDate></item><item><title><![CDATA[Top Reasons Why ERP Integrations Fail]]></title><link>https://www.kriyago.com/blogs/post/top-reasons-why-erp-integrations-fail</link><description><![CDATA[<img align="left" hspace="5" src="https://www.kriyago.com/Top Reasons Why ERP Integrations Fail - sq.png"/>ERP systems integrate all business processes. However, companies choosing ERP have their share of doubts and questions. While ERP systems can streamli ]]></description><content:encoded><![CDATA[<div class="zpcontent-container blogpost-container "><div data-element-id="elm_erIdgRwnRwelJvKJJZnfFQ" data-element-type="section" class="zpsection "><style type="text/css"></style><div class="zpcontainer-fluid zpcontainer"><div data-element-id="elm_xVPYh1eITfCoV02xSUc0ow" data-element-type="row" class="zprow zprow-container zpalign-items- zpjustify-content- " data-equal-column=""><style type="text/css"></style><div data-element-id="elm_wQNc46xRS6KepdrlsTA4Vw" data-element-type="column" class="zpelem-col zpcol-12 zpcol-md-12 zpcol-sm-12 zpalign-self- "><style type="text/css"></style><div data-element-id="elm_hzjKIOUlyDxZdDTTXjOAyQ" data-element-type="image" class="zpelement zpelem-image "><style> @media (min-width: 992px) { [data-element-id="elm_hzjKIOUlyDxZdDTTXjOAyQ"] .zpimage-container figure img { width: 800px ; height: 171.25px ; } } [data-element-id="elm_hzjKIOUlyDxZdDTTXjOAyQ"].zpelem-image { border-radius:1px; } </style><div data-caption-color="" data-size-tablet="size-original" data-size-mobile="size-original" data-align="center" data-tablet-image-separate="" data-mobile-image-separate="" class="zpimage-container zpimage-align-center zpimage-tablet-align-center zpimage-mobile-align-center zpimage-size-large zpimage-tablet-fallback-large zpimage-mobile-fallback-large hb-lightbox " data-lightbox-options="
                type:fullscreen,
                theme:dark"><figure role="none" class="zpimage-data-ref"><span class="zpimage-anchor" role="link" tabindex="0" aria-label="Open Lightbox" style="cursor:pointer;"><picture><img class="zpimage zpimage-style-none zpimage-space-none " src="/Top%20Reasons%20Why%20ERP%20Integrations%20Fail%20%20-%20rect.png" size="large" alt="Top Reasons Why ERP Integrations Fail " data-lightbox="true" style="width:1280px;padding:0px;margin:0px;"/></picture></span></figure></div>
</div><div data-element-id="elm_VXu6IW8fQ4KX59PWFThbXw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_VXu6IW8fQ4KX59PWFThbXw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">ERP systems integrate all business processes. However, companies choosing ERP have their share of doubts and questions. While ERP systems can streamline your business process, these projects do not come without challenges. Nearly&nbsp;</span><a href="https://www.netsuite.com/portal/resource/articles/erp/erp-statistics.shtml" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;"><span style="color:rgb(72, 118, 232);">11% of ERP implementations</span></span></a><span style="font-size:11pt;color:rgb(3, 3, 56);">&nbsp;fail to go live in the allotted time. A few of these failures are due to the software itself. But a majority of them are due to other avoidable reasons.&nbsp;&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">&nbsp;</span></p></div><p></p><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">You can prevent these failures by taking the required steps. If you are considering ERP integration for your business, this article can help you identify the risks and also prevent them.&nbsp;&nbsp;</span></p></div></div>
</div><div data-element-id="elm_R0OPcvTFSzCWitw7AHaxnw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_R0OPcvTFSzCWitw7AHaxnw"].zpelem-heading { border-radius:1px; } </style><h2
 class="zpheading zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-weight:700;">Common causes for ERP integration failure&nbsp;</span><br/></h2></div>
<div data-element-id="elm_yrdVemJQdXPuikvtouBhnQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_yrdVemJQdXPuikvtouBhnQ"].zpelem-heading { border-radius:1px; margin-block-start:1px; } </style><h3
 class="zpheading zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-weight:600;font-size:28px;">Inadequate testing</span><br/></h3></div>
<div data-element-id="elm_vgC52-VOt-wxzRBu2BlSlA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_vgC52-VOt-wxzRBu2BlSlA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="color:rgb(3, 3, 56);font-size:11pt;">Inadequate testing was one of the&nbsp;</span><a href="https://www.netsuite.com/portal/resource/articles/erp/erp-statistics.shtml" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;color:rgb(72, 118, 232);">two significant problems</span></a><span style="color:rgb(3, 3, 56);font-size:11pt;">&nbsp;noted during integration. Testing ensures that all data is accurate. While off-shelf ERPs are tested, customized ERPs usually lack rigorous testing.&nbsp;&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="color:rgb(3, 3, 56);font-size:11pt;">And most testing is done under ideal conditions, which leads to ERP failure during stressful situations. A commonly known example is&nbsp;</span><a href="https://www.brightworkresearch.com/how-national-grids-sap-implementation-damaged-a-company/" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;color:rgb(72, 118, 232);">National Grid’s ERP implementation</span></a><span style="color:rgb(3, 3, 56);font-size:11pt;">&nbsp;failure due to the lack of disaster testing.&nbsp;&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">&nbsp;</span></p></div><p></p><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">What You Can Do: Test your software under various conditions, such as high volumes of data input and prolonged running.&nbsp;</span></p></div></div></div>
</div><div data-element-id="elm_cY9O7LV4AZlSs2b3RVS2Xg" data-element-type="spacer" class="zpelement zpelem-spacer "><style> div[data-element-id="elm_cY9O7LV4AZlSs2b3RVS2Xg"] div.zpspacer { height:17px; } @media (max-width: 768px) { div[data-element-id="elm_cY9O7LV4AZlSs2b3RVS2Xg"] div.zpspacer { height:calc(17px / 3); } } </style><div class="zpspacer " data-height="17"></div>
</div><div data-element-id="elm_zcy63cpkt2BpRvqIBv50SQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_zcy63cpkt2BpRvqIBv50SQ"].zpelem-heading { border-radius:1px; margin-block-start:1px; } </style><h3
 class="zpheading zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-weight:600;font-size:28px;">Poor project planning and management&nbsp;</span><br/></h3></div>
<div data-element-id="elm_7FA3y_zehTwrV2-ZIYKJvw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_7FA3y_zehTwrV2-ZIYKJvw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">ERP integration projects contain several steps. Whether it is design, testing, or deployment, each step has some crucial tasks which need to be unified. To handle all these steps, you need an organized approach. Even if each step works individually, it may fail as a unified process. ERP projects can also fail due to lack of planning, inadequate management, or lack of coordination among various departments.&nbsp;&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="color:rgb(3, 3, 56);"><span style="font-size:11pt;">What You Can Do: Plan your integrations at the start and stick to the plan. Involve testing in each step and make sure you test the final project adequately.&nbsp;</span><span style="font-size:11pt;">&nbsp;</span></span></p></div></div></div></div>
</div><div data-element-id="elm_pkG8DmfKDjZ8NmM8b3QcQg" data-element-type="spacer" class="zpelement zpelem-spacer "><style> div[data-element-id="elm_pkG8DmfKDjZ8NmM8b3QcQg"] div.zpspacer { height:17px; } @media (max-width: 768px) { div[data-element-id="elm_pkG8DmfKDjZ8NmM8b3QcQg"] div.zpspacer { height:calc(17px / 3); } } </style><div class="zpspacer " data-height="17"></div>
</div><div data-element-id="elm_g6VI5RWnTPcLp4s_wQ9ZeA" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_g6VI5RWnTPcLp4s_wQ9ZeA"].zpelem-heading { border-radius:1px; margin-block-start:1px; } </style><h3
 class="zpheading zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-weight:600;font-size:28px;">Incorrect data import methods&nbsp;</span><br/></h3></div>
<div data-element-id="elm_Iq-mx6Cs0yk3AD_N6qNMGQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_Iq-mx6Cs0yk3AD_N6qNMGQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">If you are newly implementing ERP, you need to transfer all the old data into the new system. Often, migrating data from an outdated system has many challenges. For example, the older system might contain insufficient or bad data. Feeding this without proper conversion can lead to ERP failure. Therefore, every system requires specific procedures and lots of testing before data conversion is complete.&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">&nbsp;</span></p></div><p></p><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">What You Can Do: Eliminate bad data from older systems. Change your data according to how it is utilized in the new system.&nbsp;</span></p></div></div></div></div></div>
</div><div data-element-id="elm__NkuUcvE6gR6gI6u6LGu-g" data-element-type="spacer" class="zpelement zpelem-spacer "><style> div[data-element-id="elm__NkuUcvE6gR6gI6u6LGu-g"] div.zpspacer { height:17px; } @media (max-width: 768px) { div[data-element-id="elm__NkuUcvE6gR6gI6u6LGu-g"] div.zpspacer { height:calc(17px / 3); } } </style><div class="zpspacer " data-height="17"></div>
</div><div data-element-id="elm_SlROiJQqxGDg40IWTGSLDg" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_SlROiJQqxGDg40IWTGSLDg"].zpelem-heading { border-radius:1px; margin-block-start:1px; } </style><h3
 class="zpheading zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-weight:600;font-size:28px;">Not changing business processes</span><br/></h3></div>
<div data-element-id="elm_eAHefOfCrfKs0DsgHmJOsg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_eAHefOfCrfKs0DsgHmJOsg"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">ERP integration is not just about the software. As a company, you need to adjust your business processes to include the new technology. Whether it is a different data entry method or a new procedure for managing finances, every employee should be aware of it. By resisting technology change, you won’t be able to reap all the benefits of the integration.&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="color:rgb(3, 3, 56);"><span style="font-size:11pt;">What You Can Do: Accommodate the software by changing certain business processes. Get the most out of your integration by building a business strategy around it.&nbsp;</span><span style="font-size:11pt;">&nbsp;</span></span></p></div></div></div></div></div></div>
</div><div data-element-id="elm_lQLg-2IEXh1oge7Ix2ySSA" data-element-type="spacer" class="zpelement zpelem-spacer "><style> div[data-element-id="elm_lQLg-2IEXh1oge7Ix2ySSA"] div.zpspacer { height:17px; } @media (max-width: 768px) { div[data-element-id="elm_lQLg-2IEXh1oge7Ix2ySSA"] div.zpspacer { height:calc(17px / 3); } } </style><div class="zpspacer " data-height="17"></div>
</div><div data-element-id="elm_ZjyVw9_-P9gEZ6dxjURbiw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_ZjyVw9_-P9gEZ6dxjURbiw"].zpelem-heading { border-radius:1px; margin-block-start:1px; } </style><h3
 class="zpheading zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-weight:600;font-size:28px;">Improper customization</span><br/></h3></div>
<div data-element-id="elm_FVukJkLf3vSVXbIUNLJ8Kg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_FVukJkLf3vSVXbIUNLJ8Kg"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">ERP customizations require the right expertise. Many companies want customized software but are skeptical due to the risks involved. Improper customization can lead to data loss and software failure. You need to start with minor customizations and test them to look for errors. Customizing many things at once can break down your ERP systems.&nbsp;&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">&nbsp;</span></p></div><p></p><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">What You Can Do: Hire professionals who can handle ERP customizations. A standard ERP may not have the required features. You need to be specific about your requirements so experts can plan the new features.&nbsp;</span></p></div></div></div></div></div></div></div>
</div><div data-element-id="elm_poXgqdJfOz1dWaxyIrLCuw" data-element-type="spacer" class="zpelement zpelem-spacer "><style> div[data-element-id="elm_poXgqdJfOz1dWaxyIrLCuw"] div.zpspacer { height:17px; } @media (max-width: 768px) { div[data-element-id="elm_poXgqdJfOz1dWaxyIrLCuw"] div.zpspacer { height:calc(17px / 3); } } </style><div class="zpspacer " data-height="17"></div>
</div><div data-element-id="elm_AHpZBoL6aQQWYJcW6R5hog" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_AHpZBoL6aQQWYJcW6R5hog"].zpelem-heading { border-radius:1px; margin-block-start:1px; } </style><h3
 class="zpheading zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-weight:600;font-size:28px;">Lack of training</span><br/></h3></div>
<div data-element-id="elm_4PHfYftblJAQcZV82-Fxpg" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_4PHfYftblJAQcZV82-Fxpg"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">New software requires new skill sets. If you do not train your staff on using the integration, your integration will not achieve any results. From designers to deployers, you need to prepare everyone involved in the process. If inexperienced staff handle the software, it can make the integration appear “failed.”&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">&nbsp;</span></p></div><p></p><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">What You Can Do: Involve your staff during software implementations. Make sure all of them understand how the software functions and how they can use it. Organize training sessions, so your employees get hands-on experience with the ERP software.&nbsp;</span></p></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_VXl1gCHVTOYY5gASydUc1A" data-element-type="spacer" class="zpelement zpelem-spacer "><style> div[data-element-id="elm_VXl1gCHVTOYY5gASydUc1A"] div.zpspacer { height:17px; } @media (max-width: 768px) { div[data-element-id="elm_VXl1gCHVTOYY5gASydUc1A"] div.zpspacer { height:calc(17px / 3); } } </style><div class="zpspacer " data-height="17"></div>
</div><div data-element-id="elm_3sVqpbekE5EB22rWJ0GVfw" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_3sVqpbekE5EB22rWJ0GVfw"].zpelem-heading { border-radius:1px; margin-block-start:1px; } </style><h2
 class="zpheading zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-weight:600;font-size:32px;">Impact of ERP failure</span><br/></h2></div>
<div data-element-id="elm_O8ZF8SaNPUISpnuFYlxkTQ" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_O8ZF8SaNPUISpnuFYlxkTQ"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">A single software failure can have irreparable consequences. We have seen top companies losing millions because of a faulty ERP integration. For your business, ERP failure can mean:&nbsp;</span><br/></p></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_piC30wrRZv04z8ATAjkc9A" data-element-type="spacer" class="zpelement zpelem-spacer "><style> div[data-element-id="elm_piC30wrRZv04z8ATAjkc9A"] div.zpspacer { height:14px; } @media (max-width: 768px) { div[data-element-id="elm_piC30wrRZv04z8ATAjkc9A"] div.zpspacer { height:calc(14px / 3); } } </style><div class="zpspacer " data-height="14"></div>
</div><div data-element-id="elm_kfVbolhTGXsN6ymFBEuR4g" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_kfVbolhTGXsN6ymFBEuR4g"].zpelem-heading { border-radius:1px; margin-block-start:1px; } </style><h3
 class="zpheading zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-weight:600;font-size:28px;">Loss of clients</span><br/></h3></div>
<div data-element-id="elm_yLSGgp8pB4kSOC7G71WYHA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_yLSGgp8pB4kSOC7G71WYHA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">Most companies use ERP software to deal with client data. Some companies also make digital products that they sell to clients. Your clients rely on you to provide them quality products or services. A single failure in such a product can cause a considerable loss to you and your client.&nbsp;&nbsp;</span><br/></p></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_8q-MpGdSdxSFy1qDssDs-w" data-element-type="spacer" class="zpelement zpelem-spacer "><style> div[data-element-id="elm_8q-MpGdSdxSFy1qDssDs-w"] div.zpspacer { height:21px; } @media (max-width: 768px) { div[data-element-id="elm_8q-MpGdSdxSFy1qDssDs-w"] div.zpspacer { height:calc(21px / 3); } } </style><div class="zpspacer " data-height="21"></div>
</div><div data-element-id="elm_9tcrtLzsmimMSzthrF6E5A" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_9tcrtLzsmimMSzthrF6E5A"].zpelem-heading { border-radius:1px; margin-block-start:1px; } </style><h3
 class="zpheading zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-weight:600;font-size:28px;">Cost of rectification</span><br/></h3></div>
<div data-element-id="elm_Spv3er0R0OdBnPaniPnHfA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_Spv3er0R0OdBnPaniPnHfA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">Rectifying ERP failures can cost much more than your decided budget. Determining the cause, remaking the strategy, and implementing the software again will also take a lot of time. This means more downtime and lesser revenue. Depending on the cause, you might also require restarting the whole implementation process.&nbsp;&nbsp;</span><br/></p></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_Cw3CKHbK10t1KydD2fqqZA" data-element-type="spacer" class="zpelement zpelem-spacer "><style> div[data-element-id="elm_Cw3CKHbK10t1KydD2fqqZA"] div.zpspacer { height:21px; } @media (max-width: 768px) { div[data-element-id="elm_Cw3CKHbK10t1KydD2fqqZA"] div.zpspacer { height:calc(21px / 3); } } </style><div class="zpspacer " data-height="21"></div>
</div><div data-element-id="elm_DbgTGZ9ArGdh5hRmzupOgQ" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_DbgTGZ9ArGdh5hRmzupOgQ"].zpelem-heading { border-radius:1px; margin-block-start:1px; } </style><h3
 class="zpheading zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-weight:600;font-size:28px;">Company reputation</span><br/></h3></div>
<div data-element-id="elm_crisKy0AKEwXhIqvk_rshA" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_crisKy0AKEwXhIqvk_rshA"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">A failed integration is a burden not just to you but also to your staff and clients. Rectifying the errors can take a while, so clients won’t be able to use your services. In addition, it can taint your company’s reputation due to inconvenience caused by the failure.&nbsp;&nbsp;</span></p><p><span style="font-size:11pt;color:rgb(3, 3, 56);"><br/></span></p></div><div style="font-size:12px;"><p><span style="color:rgb(3, 3, 56);font-size:11pt;">Despite all the risks,&nbsp;</span><a href="https://cdn2.hubspot.net/hubfs/2184246/2018%20ERP%20Report.pdf" target="_blank" rel="noreferrer noopener"><span style="font-size:11pt;color:rgb(72, 118, 232);">95% of companies</span></a><span style="color:rgb(3, 3, 56);font-size:11pt;">&nbsp;who opted for ERP implementation have seen business improvement. If done the right way, ERP implementations can be highly beneficial to your business.&nbsp;</span></p><p><span style="font-size:11pt;color:rgb(3, 3, 56);"><br/></span></p></div><p></p><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">A company specializing in software integration can help you avoid ERP failures by avoiding everyday challenges. They have the expertise and experience to build the right software integration for you.&nbsp;&nbsp;</span></p></div></div></div></div></div></div></div></div></div>
</div><div data-element-id="elm_IBdmW08j3bXKkDrsl6K9ww" data-element-type="heading" class="zpelement zpelem-heading "><style> [data-element-id="elm_IBdmW08j3bXKkDrsl6K9ww"].zpelem-heading { border-radius:1px; margin-block-start:1px; } </style><h2
 class="zpheading zpheading-align-left zpheading-align-mobile-left zpheading-align-tablet-left " data-editor="true"><span style="font-weight:600;font-size:32px;">Get reliable ERP integration through KriyaGo</span><br/></h2></div>
<div data-element-id="elm_FG9SVYZjR-VybTWMwZlNGw" data-element-type="text" class="zpelement zpelem-text "><style> [data-element-id="elm_FG9SVYZjR-VybTWMwZlNGw"].zpelem-text { border-radius:1px; } </style><div class="zptext zptext-align-left zptext-align-mobile-left zptext-align-tablet-left " data-editor="true"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">Worried about ERP integration? Want the best integration services? Try KriyaGo!&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">We specialize in software integration for the real estate industry. Our services include software support, consultancy, and implementation. Many big and small enterprises are completely satisfied with KriyaGo’s software integration services. While the market has different software, we can help you customize them to suit your requirements.&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">At KriyaGo, we understand your company’s unique needs. If you require additional tools and features, we can integrate them for you! You can get the advantages of multiple property management systems such as Yardi, Procore and SAP concur - all in a single platform!&nbsp;</span></p></div><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">&nbsp;</span></p></div><p></p><div style="font-size:12px;"><p><span style="font-size:11pt;color:rgb(3, 3, 56);">Book your free consultation to know more about our services!&nbsp;</span></p></div></div></div></div></div></div></div></div></div></div>
</div></div></div></div></div></div> ]]></content:encoded><pubDate>Wed, 30 Jun 2021 14:36:18 -0400</pubDate></item></channel></rss>