Staying Organized with Vendors
It takes a team of people to keep your community running, clean, and up to code. In order to help achieve this, community managers often find help through outside vendors. These vendors can be brought in for additional construction jobs, community landscaping, electricity, and more. When a community uses all these services it can become difficult to stay organized. Having a strong software system, like TOPS [ONE] can go a long way in helping you navigate your HOA’s vendors and operations.
Automated and Accurate Accounting
With TOPS, we simplify your accounting by offering electronic banking. This allows you to have the most up to date financial records, so you stay on top of vendor payments. It also helps you budget for future vendor projects.
Another way TOPS helps simplify accounting is through automated payments. Automation helps save time by generating financial reports and making payments. Community managers only need to schedule when they want reports and payments generated. This helps ensure payments are made on time and in full.
TOPS’ Vendor Ally May Be the Solution for You
Vendor management is a time-consuming process.
Often times it is done manually so you miss out on the advantages of handling it electronically. It’s important to always make sure vendor payments are on time and accurate to maintain a positive working relationship. This can be a big challenge but luckily TOPS has a program designed to make this process easier. TOPS’ solution is called Vendor Ally.
Vendor Ally is TOPS accounts payable automation solution. Vendor Ally is part of the TOPS [ONE] package and comes at no additional cost to [ONE] users. It also comes at no charge to the association, vendor, or management company. Vendor Ally is a global vendor portal that allows the community manager or management company to handle all their vendor billing in one convenient location. This one portal allows you to handle vendor billing and payment without the hassle of doing it by hand. Vendors typically work with more than one management company, so Vendor Ally allows them to manage them all from one easy-to-use system. This saves both parties time and effort, in the end reducing costs.
Use Vendor Ally to Improve Your Vendor Relationships
Vendor Ally can be used with any outside vendor your community uses.
Whether it’s landscapers who come a few times each month, electric companies, or construction companies working on a one-time project. Vendor Ally is designed to make this task easier and help improve the relationship between vendor and community. If you’re already a [ONE] user, see how Vendor Ally can help you at no extra cost.
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