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Maximizing operational efficiency: Strategies to streamline accounting and boost visibility

AppFolio
AppFolio

Are your accounting and reporting processes tedious and error-prone, creating unreliable data and poor visibility into business performance? With operational efficiency as the #1 challenge in property management for 2022, it’s more important than ever to leverage the right technology tools to ensure your business is operating at peak capacity. This is the second session in our 3-part series, “Maximizing operational efficiency,” where we review the top industry challenges in 2022 and explore ways to design seamless workflows that save time on accounting and minimize human error. From smartly automated accounts payable and invoice processing to consolidated financial management and reporting, see how the latest technology tools can streamline your accounting workflows, ensure accuracy, and create space for growth-minded decision-making. This is Part 2 in a 3-part webinar series exploring how to unlock operational efficiency across your business – whether your team works remotely or at the office.

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4 2022 © AppFolio, Inc. Confidential
Maximizing
operational
efficiency:
Strategies to streamline accounting
and boost visibility
We’ll get
started soon
6 2022 © AppFolio, Inc. Confidential
Maximizing
operational
efficiency:
Strategies to streamline accounting
and boost visibility
7 2022 © AppFolio, Inc. Confidential
As an attendee:
● Please ask questions in the Q&A box during our presentation
● You will not be able to engage with the speaker via audio
● Don’t be shy -- when you submit questions, we will try to answer them
as we go through our presentation or at the end if there is time
And when you log off of the webinar, you’ll be presented with a survey where
we’ll ask you a few questions about what you thought, so please be sure to let
us know - we really do thrive on the feedback we receive!
9 2022 © AppFolio, Inc. Confidential
Senior Director,
Industry Principal
Stacy Holden
Presenter
Field Solution Engineer
Madison Tedesco
Presenter
10 2022 © AppFolio, Inc. Confidential
Almost every aspect of property management can
be improved with technology
Marketing
and
Leasing
Accounting
and
Reporting
Maintenance

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Maximizing operational efficiency: Strategies to streamline accounting and boost visibility

  • 1. 4 2022 © AppFolio, Inc. Confidential
  • 2. Maximizing operational efficiency: Strategies to streamline accounting and boost visibility We’ll get started soon
  • 3. 6 2022 © AppFolio, Inc. Confidential Maximizing operational efficiency: Strategies to streamline accounting and boost visibility
  • 4. 7 2022 © AppFolio, Inc. Confidential As an attendee: ● Please ask questions in the Q&A box during our presentation ● You will not be able to engage with the speaker via audio ● Don’t be shy -- when you submit questions, we will try to answer them as we go through our presentation or at the end if there is time And when you log off of the webinar, you’ll be presented with a survey where we’ll ask you a few questions about what you thought, so please be sure to let us know - we really do thrive on the feedback we receive!
  • 5. 9 2022 © AppFolio, Inc. Confidential Senior Director, Industry Principal Stacy Holden Presenter Field Solution Engineer Madison Tedesco Presenter
  • 6. 10 2022 © AppFolio, Inc. Confidential Almost every aspect of property management can be improved with technology Marketing and Leasing Accounting and Reporting Maintenance
  • 7. 11 2022 © AppFolio, Inc. Confidential
  • 8. 12 2022 © AppFolio, Inc. Confidential Maximizing revenue & profit 12 2022 survey results Conducted March-May 2022 | 1,076 Responses Operational efficiency HR, staffing & recruitment
  • 9. 13 2022 © AppFolio, Inc. Confidential Hours 14 Busywork 40% Busywork 56% 40% of employees time is spent on busywork 14 hours per week is spent on tasks that could be automated or streamlined Wish they had more time to focus on higher value tasks
  • 10. 14 2022 © AppFolio, Inc. Confidential “Ongoing time consuming input” “Repetition of data [entry]” “How tedious it can be at times” Source: PM Top Challenges and Integrations, 2022 What is most frustrating about the technology solutions you use today?
  • 11. 15 2022 © AppFolio, Inc. Confidential
  • 12. 16 2022 © AppFolio, Inc. Confidential Automate the obvious Processes aren’t scalable for growth Repetitive accounting processes consume the majority of bandwidth Double entry is required to compensate for disjoined tools Administrative work like data entry and check runs are error prone
  • 13. 17 2022 © AppFolio, Inc. Confidential 17 DEMO
  • 14. 18 2022 © AppFolio, Inc. Confidential Remember life in April 2020?
  • 15. 19 2022 © AppFolio, Inc. Confidential
  • 16. 20 2022 © AppFolio, Inc. Confidential US e-commerce penetration, % Source: McKinsey analysis, October 2022
  • 17. 21 2022 © AppFolio, Inc. Confidential Cost control Approvals Consistency
  • 18. 22 2022 © AppFolio, Inc. Confidential 22 DEMO
  • 19. 23 2022 © AppFolio, Inc. Confidential
  • 20. 24 2022 © AppFolio, Inc. Confidential Difficult to make Limited customization Challenging to understand Doesn’t meet key stakeholder needs
  • 21. 26 2022 © AppFolio, Inc. Confidential APM Performance & Benchmarking Report: Greater customization is by far the biggest need in reporting What insights or functionality are you not getting from your current reporting tools that you wish you could get? Source: APM Performance & Benchmarking Report, September 2022 38% 20% 17%
  • 22. 27 2022 © AppFolio, Inc. Confidential 27 DEMO
  • 23. 28 2022 © AppFolio, Inc. Confidential Key takeaways Source: AppFolio Survey, 2020
  • 24. 29 2022 © AppFolio, Inc. Confidential Efficiency Series: Be sure to register now for our next webinar…. November 10,2022 11:00 AM PT / 2:00 PM ET Fine-tune your maintenance process and boost NOI Stacy Holden Senior Director, Industry Principal, AppFolio Jeffrey Juarez-Palma Field Solution Engineer, AppFolio Jindou Lee Founder & CEO, HappyCo David Morse Sales Engineer, HappyCo
  • 25. 31 2022 © AppFolio, Inc. Confidential Would you like a customized demo of AppFolio Property Manager? 31 Poll
  • 26. 32 2022 © AppFolio, Inc. Confidential Ask us anything. 32 Questions?
  • 27. 33 2022 © AppFolio, Inc. Confidential Thank you